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Committee advances bill letting municipal utilities keep unclaimed deposits for local utility-assistance programs
Summary
Senate Bill 68 would let municipally owned utilities keep unclaimed customer deposits for local low-income utility assistance programs while preserving the option to send funds to statewide programs.
Senate Bill 68 would clarify how unclaimed utility deposits are handled when the utility is municipally owned, allowing municipal utilities to retain unclaimed deposits for locally run low-income utility assistance programs while leaving existing statewide channels open.
Representative Pasco, the bill’s sponsor, told the committee the measure aligns state law with Colorado’s constitution and current practice, arguing municipal utilities should be able to direct unclaimed deposits to local assistance programs. “It is an opportunity to get aligned constitutionally and to promote local control,” Pasco said.
Why it matters: The bill responds to a recent practice by Colorado Springs Utilities of directing…
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