CONFIDENTIAL ~ DRAFT ANY ACCOUNT ASSOCIATED WITH FUNDS COLLECTED UNDER SECTION 40-2-124(1)(g) IN ANY GIVEN YEAR, SECTION 3. Applicability. This act shall apply to conduct occurring on or after the effective date of this act, SECTION 4. Safety Clause. The General Assembly hereby finds, determines, and 2 declares that this act is necessary for the immediate preservation Of the public peace, health, andCONFIDENTIAL ~ DRAFT ASSOCIATED WITH THE ADVANCED ENERGY PLAN, THE COMMISSION SHALL NOT CONSIDER ANY COSTS OF RESOURCES RECOVERED PURSUANT TO MECHANISMS ESTABLISHED UNDER SECTION 40-2- 124(g). FOR THE PURPOSES OF DETERMINING THE INCREMENTAL TOTAL RETAIL BILL IMPACT, THE, COMMISSION SHALL COMBINE THE PROJECTED COST OF FULFILLING THE ONGOING ENERGY OR CAPACITY NEEDS IDENTIFIED AS PART OF THE RESOURCE PLAN WITH THE PROJECTED COSTS OF THE EXECUTING ANY APPROVED ADVANCED ENERGYBLAN. "TA AMOUNTS\pP ELECTRICITY! 124(1)(€) ARE'SAqISHIED, A UTILETY MAY USE FUNDS COLLECTED UNDER SECTION 40-2-124(1)(g) 0M ELIGIBLE ENERGY RESOURCES SET FORTH IN SECTION 40-2- ‘TO OFFSET COSTS OFAPPROVED ADVANCED ENERGY RESOURCES, ELECTRIC TRANSMISSION TO INTERCONNECT AN ADVANCED ENERGY RESOURCE, AND DEPRECIATION FOR E1-ECTRIC GENERATING RESOURCES REPLACED AS PART OF THE PLAN. HOWEVER, ANY SUCH RECOVERY SHALL NOT EXCEED THE GREATER OF FIFTY PERCENT OF EITHER THE AMOUNTS COLLECTED UNDER SECTION 40- 2-124(1)(g) IN ANY GIVEN CALENDAR YEAR OR FIFTY PERCENT OF THE OUTSTANDING BALANCE INCONFIDENTIAL ~ DRAFT INFRASTRUCTURE, ACCELERATED DEPRECIATION FOR REPLACED ELECTRIC” GENERATING RESOURCES AND ANY OTHER APPROPRIATR CAPITAL, FUEL, AND OPERATIONS AND MAINTENANCE EXPENDITURES, THE COMMISSION SHALL ENABLE THE FULLEST UTILIZATION OF THE TAX CREDITS: AND IF NECESSARY SHALL ALLOW THE ADVANCED ENERGY RESOURCE 10 BB UTILIZED AS AN ENERGY RESOURCE PRIOR TO FULL TRANSMISSION INFRASTRUCTURE AVAILABILITY, THE UTILITY MAY FLECT TO OWN ANY OR ALL OF THIE ADVANCED ENERGY RESOURCES AND THE SUPPORTING INFRASTRUCTURE USED IN THE PLAN TO REPLACE ANY EEC TRIC QENTRATING RESOURCES, (ii) THE COMMISSION SHALL REQUIRE THE:UTILITY TO ACQUIRE THE RESOURCES NEEDED ee a FOR THE ADVANCED ENERGY PLAN THROUGH A COMPETITIVE PROCESS. ‘THE, COMMISSION SHALL. PLAN’S PROPOSED CAPACITY AND, ENERGY NEEDS “(lill;, ON OR BEFORE APRUL 30,2018, THE COMMISSION SHALL ISSUE FINAL APPROVAL, pamat. o8 Mdpincanion “88 {THB PROPOSED ADVANCED ENERGY PLAN. AND. RESOURCE OMMISSION MODIFIES THE PROPOSED ADVANCED ENERGY PLAN, ACQUISITION, IN THE EVENT THI ‘THE UTILITY MAY WITTIDRAW: THE PROPOSAL. THR COMMISSION SHALL NOT APPROVE THE ADVANCED ENERGY PLAN UNLESS THE EXPECTED INCREMENTAL TOTAL BILL IMPACT ON CUSTOMERS OF THE PLAN IS EQUAL TO OR LESS THAN 1.5% ON A NET PRESENT VALUE BASIS AND RESULTS IN CONTINUED REDUCTIONS IN THE UTILITY’S SYSTEM EMISSIONS CONSISTENT WITH SECTION 40-2-123(1). IN CALCULATING THE EXPECTED INCREMENTAL TOTAL BILL IMPACTCONFIDENTIAL - DRAFT SECTION 1. Legislative Declaration. ‘The General Assembly declares that Colorado should secure the economic benefits of the bipartisan action of the United States Congress to extend certain tax credits related to the development and deployment of advanced energy technologies that are cost-effective and result in the safe and reliable provision of energy and reduce emissions, This section leverages time-sensitive opportunities, including federal tax incentives, to advance Colorado's clean energy leadership/at low cost. This legislation will enable the continuance of the cost-effective and ordeily deployment of cleaner, reliable, and efficient advanced energy resources. REGULATED UTILITIES THAT PROVIDE ELECTRIC SERVICE TO MORE THAN FIVE HUNDRED THQUSANB ereRS IN CSuORADO SHALL SUBMIT-TO THE ED ADVANCED ENERGY'RLAN 0 OBTAIN THE BENEFITS OF FEDERAL TAX ADVANCE: ENERGY RESGUREES WHICH, ARE (1) ELIGIBLE ENERGY RESOURCES AND (2) ENERGY STORAGE TECHNOLOGIES. THE*PLAN SHALL INCLUDE A SCHEDULE THAT WOULD RESULT IN IMPLEMENTATION OF HE PLAN,ON' OR BEFORE JANUARY 1, 2026. ‘THE ADVANCED ENERGY PLAN naay mcvupe Proposal SYS REPLACE EXISTING ELICIRUC GENERATING RESOURCES OWNED BY THE UTILITY, WITH ADVANCED ENERGY RESOURCES, THE ADVANCED ENERGY PLAN MAY ALSO Se ee PLAN, INCLUDING HLACTRIC TRAMENIGHON, ILE NATURAL GAS FIED GENERATION WE FAST START AND HIGH RAMP-RATE CAPABILITIES AND ASSOCIATED NATURAL GAS