UCA voices concerns over CCF's delayed SOP submission process

In a pivotal government meeting held on July 11, 2025, discussions centered around the Public Service Company's Tariff On-Bill Financing Program, with significant implications for Colorado's energy consumers. The meeting highlighted the need for clarity on the company's Standard Operating Procedures (SOP) regarding potential financial strategies, including interest rate reductions and the establishment of a loan loss reserve.

Key stakeholders expressed concerns about the timing and nature of information that the Public Service Company may present in its SOP. Participants emphasized that if the company were to introduce new financial data, such as the availability of funds to subsidize interest rates, it could substantially influence the positions of other parties involved in the proceeding. This raised questions about the fairness of allowing the company to submit new information after the hearing had concluded, as it would limit the ability of other stakeholders to respond adequately.

The Colorado Energy Office supported a staggered approach to the SOP submission, suggesting that the company should file its position first, followed by a response period for other parties. This would allow stakeholders to incorporate the company's clarifications into their own statements. However, there were concerns about the potential introduction of new regulatory concepts, such as a regulatory asset for the loan loss reserve, which had not been previously discussed in the application. This could create complications and challenges for the parties involved.

Several participants voiced apprehension that the process could disadvantage them, particularly if new financial estimates were introduced without the opportunity for cross-examination or further evidence. The discussions underscored the importance of transparency and due process in regulatory proceedings, especially when critical financial information is at stake.

As the meeting concluded, the commission reiterated its commitment to ensuring low-interest rates for low-income customers and minimizing costs for all consumers. The next steps will involve further consultations and the potential for additional filings to ensure that all parties are on the same page regarding the financing program's implications. The outcome of these discussions will be crucial for shaping the future of energy financing in Colorado, particularly for vulnerable populations.