The Colorado Senate last week approved and sent on to the House
a bill to deregulate retail gas distribution in the state. The
bill's sponsor, Sen. David Owen, R-Greeley, said he expects the
legislation (SB 99-153) to pass this year.
Senate approval followed an amendment that removed language that
would have allowed utilities to recover 100% of their stranded
costs from ratepayers. Should the bill become law, the state's
Public Utility Commission would have oversight of stranded cost
recovery. Among those participating in negotiations for the
amendment were Public Service Co. of Colorado, KN Energy, and Enron
Corp, as well as producers and pipelines. Gas deregulation
legislation failed last year due to fears it would boost consumers'
rates. A government panel is studying electricity deregulation.
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