Development of Thermal Energy Resources

The act authorizes a local government or a special district (local government) to enter into an agreement with one or more entities for the purpose of providing the local government with service from a thermal energy network. A local government that is authorized by law to issue bonds may issue bonds for the purpose of financing thermal energy infrastructure, interconnections, or customer connections within the jurisdiction of the local government. The act increases the net electric generating capacity of a community geothermal garden from 5 megawatts to 25 megawatts. The act requires the Colorado energy and carbon management commission (commission) and the Colorado geological survey to…