This bill amends existing law regarding the reconciliation of default electric service rates by prohibiting utilities from collecting costs associated with default electric service through non-bypassable charges, except in extraordinary circumstances as determined by the commission through an adjudicative proceeding. The bill specifically inserts language that clarifies that no reconciliation of actual and estimated wholesale power supply costs incurred by a utility for providing default service shall be recovered through these charges unless the commission finds extraordinary circumstances.

Additionally, the bill modifies the restructuring policy principles to ensure that as competitive markets develop, the commission can approve alternative methods for providing transition or default services that minimize customer risk and do not hinder the growth of competitive markets. The effective date of the act is upon its passage.

Statutes affected:
Introduced: 374-F:3
As Amended by the House: 374-F:3
As Amended by the Senate: 374-F:3
Version adopted by both bodies: 374-F:3
HB1733 text: 374-F:3