Utility Vendors Report Best Value Metrics

Legislative Audit Committee. Under current law, when the public utilities commission (PUC) evaluates electric resource acquisitions and requests for certificates of public convenience and necessity for construction or expansion of generating facilities, the PUC must consider best value regarding employment of Colorado labor and positive impacts on the long-term economic viability of Colorado communities. To this end, the PUC must require electric utilities to obtain certain information regarding certain "best value" employment metrics and report this information to the PUC for its consideration. The bill: Requires the PUC to promulgate rules requiring utilities, when submitting annual progress reports for an electric resource acquisition, to collect and provide to the PUC information concerning the implementation of "best value" employment metrics; Requires the PUC to report annually to committees of reference of the general assembly concerning the information that is reported; and Repeals language requiring the state auditor to conduct a performance audit, which performance audit the state auditor completed in July 2022.(Note: This summary applies to this bill as introduced.)