2018 -- H 7318

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LC003653

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS -- ELECTRIC GENERATION

SERVICE

     

     Introduced By: Representatives Messier, Fellela, Johnston, Kazarian, and Lima

     Date Introduced: January 26, 2018

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 39-1 of the General Laws entitled "Public Utilities Commission" is

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hereby amended by adding thereto the following section:

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     39-1-27.13. Alternative suppliers and purchase of receivables program.

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     (a) The general assembly recognizes the importance of competitive choice in electric

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generation service.

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     (b) The commission shall implement a purchase of receivables program where the

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electric distribution company purchases the receivables of a nonregulated power producer at a

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discount rate which is then offset from the monthly payments the electric distribution company

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makes to the nonregulated power producer if the commission finds that the benefits of the

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program to ratepayers would exceed the costs to ratepayers.

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS -- ELECTRIC GENERATION

SERVICE

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     This act would require the public utilities commission to implement a purchase of

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receivables program where the electric distribution company purchases the receivables of a

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nonregulated power producer at a discount rate.

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     This act would take effect upon passage.

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