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Legislative Year: 2021 Change
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Bill Detail: HB21-1131

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Title Cooperative Electric Associations Governance Requirements
Status Governor Signed (04/29/2021)
Bill Subjects
  • Energy
House Sponsors M. Catlin (R)
J. Amabile (D)
Senate Sponsors D. Coram (R)
F. Winter (D)
House Committee Energy and Environment
Senate Committee Transportation and Energy
Date Introduced 02/24/2021
Summary

The bill:
  • Makes current laws concerning governance and
transparency for cooperative electric associations
(associations) applicable to nonprofit generation and
transmission cooperative electric associations that provide
wholesale electric service directly to Colorado cooperative

electric associations that are its members;
  • Eliminates an exemption to those requirements for
associations with fewer than 25,000 members;
  • Allows an association to authorize, in its bylaws, its
members and directors to participate in meetings
electronically;
  • Allows an association to authorize, in its bylaws, members
to vote in an election through a secure and verifiable
electronic voting system;
  • Clarifies that members voting or participating in a meeting
electronically are considered present in person for the
purpose of establishing quorum;
  • Defines joint memberships and clarifies how joint
memberships can vote;
  • Amends the deadlines and requirements for notice of an
election;
  • Requires an association to adopt written policies
concerning the compensation of board members and
disclosures of conflicts of interest for board members;
  • Requires board members to fulfill their duty of loyalty to
the cooperative association at all times; except that, if a
director serves on the board of both a generation and
transmission association and a distribution association, the
director can not be required to prioritize the director's duty
to the generation and transmission association over the
director's duty to the distribution association; and
  • Requires associations to post on their websites information
about their rates and net metering requirements and to
make financial audits available to members on request.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (03/04/2021) (most recent)  
Additional Bill Documents Bill Documents
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