HB 25-1040
Fiscal Note
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
HB 25-1040: ADDING NUCLEAR ENERGY AS A CLEAN ENERGY RESOURCE
Prime Sponsors:
Rep. Valdez; Winter T.
Sen. Roberts; Liston
Published for: House Energy & Environment
Drafting number: LLS 25-0358
Fiscal Analyst:
Matt Bishop, 303-866-4796
matt.bishop@coleg.gov
Version: Initial Fiscal Note
Date: January 16, 2025
Fiscal note status: The fiscal note reflects the introduced bill.
Summary Information
Overview. The bill specifies that nuclear energy is a clean energy source for the renewable energy
standard.
Types of impacts. The bill is projected to affect the following areas in FY 2025-26 only:
Minimal State Workload Local Government
Appropriations. No appropriation is required.
Table 1
State Fiscal Impacts
Type of Impact
Budget Year
FY 2025-26
Out Year
FY 2026-27
State Revenue $0 $0
State Expenditures $0 $0
Transferred Funds $0 $0
Change in TABOR Refunds $0 $0
Change in State FTE 0.0 FTE 0.0 FTE
Page 2
January 16, 2025 HB 25-1040
Summary of Legislation
The bill adds nuclear energy to the statutory definitions of “clean energy” for the state’s
renewable energy standard and the Rural Clean Energy Project Finance Program. Nuclear energy
generated by a public utility is exempted from the definition of “clean energy resource” for
property valuations made for tax purposes.
State Expenditures
The bill increases workload in the Public Utilities Commission to update rules regarding clean
energy, which can be accomplished within the normal course of commission business.
Local Government
If counties receive additional applications and approve additional projects under the Rural Clean
Energy Project Finance Program, workload will minimally increase. This workload is expected to
be minimal.
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming
no referendum petition is filed.
State and Local Government Contacts
Counties
Law
Local Affairs
Public Health and Environment
Regulatory Agencies
Revenue
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.