We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The measure, sponsored by state Rep. Jon Becker, R-Fort Morgan, requires the agency to support all forms of energy instead of only renewable energy.
The law, which received bipartisan report, changes the energy office’s name to the Colorado Office of Energy while striking former Gov. Bill Ritter’s slogan “New Energy Economy” from current law.
It also alters the office’s mission to support “Colorado-based clean and innovative energy solutions that include traditional and renewable energy sources.”
The law also changes the way renewable and fossil fuels projects receive funding. Over the next five years, state severance tax dollars would fund traditional energy initiatives while renewable projects would receive general fund dollars.
In 2007, Ritter renamed the Office of Energy Management and Conservation, established in 1977, the Governor’s Energy Office. He also changed the agency’s objective from promoting energy conservation to renewable energy.