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Economic Development Rate

Encouraging job growth, economic recovery and new businesses in Colorado

We create programs to strengthen the communities we serve and promote long-term economic growth in Colorado. Our new Economic Development Rate will offer a competitive energy pricing plan and powerful incentives to attract and grow large businesses.

Our proposed Economic Development Rate, which mirrors successful programs in other states, will give our region a competitive advantage when bidding for major projects in both good and bad economic times.

Unlock the power to help large businesses grow

Even with rates that are already well below the national average, we understand that in today’s competitive economy, sometimes it takes more. Eligible companies will receive a lower price on their electric rates for up to 10 years. Tiered pricing will gradually step down over a multi-year term.

To qualify, a new or expanding business must:

As part of this filing, the company also proposes a framework to expand our voluntary renewable energy programs to accommodate Economic Development Rate customers and expedite the approval process. This will help more customers tap into these programs to maximize the clean energy benefits, making Colorado an even more attractive place to do business.

Our filings are subject to approval by the Colorado Public Utilities Commission, through a process that includes public input and participation. Details, including legal notices, are available on the tabs below.

 

Got a project? Let us help you.

We are focused on participating from the ground up in the communities we serve, while building and maintaining relationships for continued success. That is why our engagement with economic development includes local, state and regional strategic planning initiatives along with hands-on assistance for individual businesses.

Learn about programs and resources designed to help companies save energy and money.

Explore our portfolio of economic development offerings in Colorado.

Find renewable solutions to help you meet your energy goals.

Enabling Legislation

HB 18-1271, a bill passed by the Colorado Legislature in 2018, allows the Public Utilities Commission to approve economic development rates to help encourage commercial and industrial power customers to locate or expand their operations in Colorado. The bill also:

  • Allows expansion of a voluntary renewable energy program or service offerings to accommodate Economic Development Rate customers or any commercial or industrial customer making a capital investment of $250 million or more.
  • Ensures customers enrolled in economic development rates do not cross-subsidize other customers.

Read the legislation (external link)

Energy Saving Tip

Heat or cool a smaller area by closing vents in rooms that are not in use. You’ll stay more comfortable when you're managing less air space.  

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Break Ground, Not the Law

Always call 811 before digging in your yard to avoid hitting buried gas or electric lines. Not only is it the safe thing to do, but it's the law.