Following a costly winter for Colorado’s natural gas utility customers, two state legislators are calling to limit investor-owned utilities (IOU) from recovering certain costs and mandating utilities better plan to protect against natural gas price volatility. 

Rocky Mountain Prices

Democratic state Sens. Lisa Cutter (Jefferson) and Steve Fenberg (Boulder) earlier this month introduced Senate Bill (SB) 23-291. The legislation, if enacted, would require regulated utilities to remove incentives offered to applicants seeking natural gas services from rate tariffs. IOUs would also be prevented from charging customers to cut gas services.

“Colorado families were hit hard this winter by unexpected and severe price shocks, which is why we convened the Joint Select Committee on Rising Utility Rates to...