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Public utilities

Public Service Company of Colorado Granted Certificate of Public Convenience and Necessity to Exercise Franchise Rights in the Town of Silt

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— 1 min read

Public Service Company of Colorado has been granted a Certificate of Public Convenience and Necessity by the Colorado Public Utilities Commission to exercise franchise rights in the Town of Silt, Colorado. The commission found that the franchise agreement between Public Service and the Town is just, reasonable, and in the public interest, and that the company has the financial ability and is qualified to conduct the utility operations sought under its application.

Key Takeaways:

  • The Public Utilities Commission of the State of Colorado issued Decision No. C22-0510 on August 31, 2022, granting Public Service Company of Colorado a Certificate of Public Convenience and Necessity to exercise franchise rights in the Town of Silt, Colorado.
  • The franchise agreement between Public Service and the Town of Silt, as presented in the application, requires Public Service to collect and remit to the Town a franchise fee equal to three percent of all gross revenues received from the sale of electric service and natural gas service from Town residents.
  • Public Service has been providing electric service to the Town since 1929 and natural gas and electric service since at least 1997, subject to relevant franchise agreements.
  • The commission found that the franchise agreement is required by public convenience and necessity and the terms of the franchise agreement are just, reasonable, and in the public interest.
  • Public Service's electric service and natural gas service tariffs, currently on file with the Commission, will be used for service under this Application.
  • The Commission finds that the Application is in the public interest and should be granted.

Statistics:

  • The franchise agreement between Public Service and the Town of Silt is scheduled to expire on April 29, 2037.
  • The Commission ordered that the Application filed by Public Service on July 20, 2022, be deem complete and granted.
  • The Commission found that the company has the financial ability and is qualified and competent to conduct the utility operations sought under its Application.
  • Public Service has been providing electric service to the Town for over 93 years and natural gas and electric service for over 25 years.

Sources:

  • [Decision No. C22-0510, Colorado Public Utilities Commission, August 31, 2022]
  • [Ordinance No. 8, Series 2022, Town of Silt, Colorado]
  • [Rules of Practice and Procedure, 4 Code of Colorado Regulations (CCR) 723-1]
  • [Rules Regulating Electric Utilities, 4 CCR 723-3]
  • [Rules Regulating Gas Utilities, 4 CCR 723-4]

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