House Bill No. 5469, titled "An Act Concerning Colocated Electric Suppliers and Large Electric Load Customers," seeks to modernize and clarify the regulatory framework governing electric suppliers and telecommunications services in Connecticut. The bill introduces new definitions, such as "colocated electric supplier," which refers to entities providing electric generation services to large electric load customers, and "certified competitive video service provider." It also expands the definition of "public service company" to include various utility types while excluding municipal entities and certain private power producers. Key insertions include requirements for colocated electric suppliers to supply at least 100% of their anticipated electric load from new generation sources and to maintain financial guarantees to protect ratepayers. The bill mandates that electric distribution companies propose tariffs for large electric load customers connecting to the grid after October 1, 2026, ensuring these customers contribute adequately to service costs.

Additionally, the bill modifies existing licensing requirements for electric suppliers under the Public Utilities Regulatory Authority (PURA). It requires applicants to provide detailed information about their corporate structure and service capabilities, and it establishes a timeline for PURA to review applications. The bill also outlines penalties for non-compliance with renewable portfolio standards and specifies that payments for such non-compliance will be allocated to the Clean Energy Fund. Furthermore, it allows PURA to waive certain requirements for colocated electric suppliers under specific conditions. Overall, HB5469 aims to enhance regulatory oversight, promote renewable energy sources, and ensure that new large electric load customers do not impose additional costs on existing utility customers.

Statutes affected:
Raised Bill: 16-245
ET Joint Favorable: 16-245
File No. 421: 16-245