As used in this article 3.2, unless the context otherwise requires:
(1) "Air quality improvement costs" means the incremental life-cycle costs including capital, operating, maintenance, fuel, and financing costs incurred or to be incurred by a public utility at electric generating facilities located in Colorado. To account for the timing differences between various costs and revenue recovery, life-cycle costs shall be calculated using net present value analysis.
Source: L. 2025: Entire section added with relocations, (SB 25-275), ch. 377, p. 2106, § 323, effective August 6.