Utility discussions reveal Boulder supports equal billing for EV charger financing

In a recent government meeting held in Colorado, discussions surrounding the Public Service Company's On-Bill Financing Program took center stage, revealing significant implications for customers and the utility's financial structure. The meeting, which took place on July 10, 2025, highlighted the complexities of a proposed tariff that could reshape how customers manage their energy-related debts.

As the conversation unfolded, a key point of contention emerged regarding the subordination requirement associated with financing for electric vehicle (EV) chargers. This requirement dictates that the utility bill takes precedence over any financing debt, a structure that Boulder officials argue should be revised. They propose that both the utility bill and the financing debt be treated equally, allowing for a more flexible payment system. This change, they believe, could potentially lower interest rates offered by the Colorado Clean Energy Fund (CCEF), making financing more accessible for customers.

However, representatives from the Public Service Company expressed concerns about this proposal. They warned that equal treatment of the bills could lead to increased disconnections for customers who struggle to pay, as partial payments would be prorated between the two debts. This could push financially vulnerable customers into a cycle of disconnection rather than allowing them to seek assistance from CCEF to regain their standing.

The dialogue also touched on the potential risks associated with removing the subordination requirement. While Boulder officials argue that it could reduce interest rates, the utility company remains cautious, stating that such a change might increase their exposure to bad debt. The company has not yet engaged in discussions with CCEF to assess the direct impact of removing the subordination on interest rates, leaving some questions unanswered.

As the meeting concluded, it was clear that the On-Bill Financing Program is at a crossroads, with stakeholders weighing the benefits of customer flexibility against the financial stability of the utility. The outcome of these discussions could significantly affect how Colorado residents finance energy improvements in their homes, particularly as the state continues to push for greener energy solutions. The future of this program remains uncertain, but the implications for customers and the utility are profound, setting the stage for further deliberations in the months to come.