§ 40-41-116. Sales of Co-Ei Property
A sale, assignment, or transfer of CO-EI property is an absolute transfer and true sale of, and not a pledge of or secured transaction relating to, the seller’s right, title, and interest in, to, and under the CO-EI property if the documents governing the transaction expressly state that the transaction is a sale or other […]
§ 40-41-103. Financing Orders – Application Requirements
An electric utility, in its sole discretion, may apply to the commission for a financing order as authorized by this section. An investor-owned or other regulated electric utility may file an application for approval to issue CO-EI bonds in one or more series, impose, charge, and collect CO-EI charges, and create CO-EI property related to: […]
§ 40-41-104. Issuance of Financing Orders
Following notice and hearing on an application for a financing order as required by the commission’s rules, practice, and procedure, the commission may issue a financing order if the commission finds that: The CO-EI costs described in the application related to the retirement of the electric generating facilities are reasonable; The proposed issuance of CO-EI […]
§ 40-41-105. Effect of Financing Order
A financing order remains in effect until the CO-EI bonds issued as authorized by the financing order have been paid in full and all financing costs relating to the CO-EI bonds have been paid in full. A financing order remains in effect and unabated notwithstanding the bankruptcy, reorganization, or insolvency of the electric utility to […]
§ 40-41-106. Effect on Commission Jurisdiction – Rules
Except as otherwise provided in subsection (2) of this section, if the commission issues a financing order to an electric utility, the commission shall not, in exercising its powers and carrying out its duties pursuant to this article 41: Consider the CO-EI bonds issued pursuant to the financing order to be debt of the electric […]
§ 40-41-107. Electric Utility Customer Protection
In addition to any other authority of the commission: The commission may attach such conditions to the approval of a financing order as the commission deems appropriate to maximize the benefits and minimize the risks of the transaction to customers, directly impacted Colorado workers and communities, and the electric utility; The commission shall specify in […]
§ 40-41-108. Judicial Review of Financing Orders
A financing order is a final order of the commission. Notwithstanding section 40-6-115 (5) specifying proper venue for petition filings, a party aggrieved by the issuance of a financing order may petition for suspension and review of the financing order only in the district court for the city and county of Denver. In the case […]
§ 40-41-109. Electric Utilities – Duties – Rate Impact Notice to Customers
The electric bills of an electric utility that has obtained a financing order and caused CO-EI bonds to be issued: Must explicitly reflect that a portion of the charges on the bill represents CO-EI charges approved in a financing order issued to the electric utility and, if the CO-EI property has been transferred to an […]
§ 40-41-110. Co-Ei Property
CO-EI property that is described in a financing order constitutes an existing present property right or interest in an existing present property right even though the imposition and collection of CO-EI charges depends on the electric utility to which the financing order is issued performing its servicing functions relating to the collection of CO-EI charges […]
§ 40-41-111. Co-Ei Bonds – Legal Investments – Not Public Debt – Pledge of State
Banks, trust companies, savings and loan associations, insurance companies, executors, administrators, guardians, trustees, and other fiduciaries may legally invest any money within their control in CO-EI bonds. Public entities, as defined in section 24-75-601 (1), may invest public funds in CO-EI bonds only if the CO-EI bonds satisfy the investment requirements established in part 6 […]