We create programs to strengthen the communities we serve and promote long-term economic growth in Colorado. Our new Economic Development Rate offers a competitive energy pricing plan and powerful incentives to attract and grow large businesses.
The new rate, which mirrors successful programs in other states, gives our region a competitive advantage when bidding for major projects in both good and bad economic times. It was approved June 7, 2021, by the Colorado Public Utilities Commission.
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 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:
Filing materials related to this proposal are available here. You can also follow the proceedings and access electronic filings at the Colorado Department of Regulatory Agencies (external link). Search for Proceeding No. 20A-0345E.
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.
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:
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