If enacted, this legislation could lead to significant amendments in the state laws and regulations governing energy production, particularly those relevant to nuclear energy and alternative energy sources. Specifically, it requires an evaluation of current regulations that would need to be revised to accommodate the construction and operation of SMRs, which may include health, safety, and environmental regulations. Moreover, a financial assessment will analyze the economic feasibility of replacing traditional carbon-based energy sources with this new technology, focusing on the retirement of coal-fired plants and their replacement with nuclear energy.
Summary
Senate Bill 22-073, also known as the Alternative Energy Sources bill, is designed to explore the feasibility of utilizing small modular nuclear reactors (SMRs) as a source of carbon-free energy in Colorado. The bill mandates the Director of the Office of Economic Development to conduct a comprehensive feasibility study that evaluates the potential operational, economic, and safety aspects of SMRs. The results of this study are expected to be reported by July 1, 2024, enabling the state to make informed decisions moving forward regarding nuclear energy utilization.
Contention
Throughout early discussions and committee votes, various points of contention have emerged regarding this legislation. Supporters highlight the importance of diversifying energy sources and transitioning to cleaner energy options to combat climate change. Conversely, opponents are concerned about the safety implications and the regulatory challenges associated with introducing nuclear technology into the state’s energy mix. They emphasize the need for thorough safety evaluations and the potential environmental impacts of nuclear waste management before proceeding.