– Governor Polis will sign SB24-218 into law, marking a milestone in Colorado’s transition to clean energy
– The bill addresses challenges in the state’s energy landscape, modernizing the electric grid and aligning with de-carbonization goals
– The legislation will benefit workers, infrastructure, and renewable energy projects, with a focus on equity and customer control of utility bills
Governor Polis will sign SB24-218, The Modernize Energy Distribution Systems Act, into law, marking a significant step toward clean energy in Colorado. This legislation aims to modernize the electric grid, make proactive investments, and promote the adoption of clean energy technologies. Sponsored by key lawmakers, the bill aligns with Colorado’s de-carbonization goals and state energy plans.
The law will benefit skilled labor workers, improve infrastructure, and create jobs in the clean energy sector. It also aims to connect planned clean energy projects more efficiently and unlock over 300 MW of renewable energy currently on hold. By strengthening Distribution System Planning, utilities will prioritize investments in underserved communities and encourage long-term infrastructure improvements to accommodate more renewable energy and battery storage on the grid.
The bill’s innovative approach to planning, including customer participation in demand response programs and the use of Virtual Power Plants, sets Colorado apart as a leader in distribution system planning in the West. The legislation will allow for more clean energy, cleaner air, and greater customer control over utility bills. This law is seen as a critical step forward in Colorado’s transition to a carbon-free energy future.