2017 -- S 0874 SUBSTITUTE A

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2017

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A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS -- ELECTRIC GENERATION

SERVICE

     Introduced By: Senators Lombardo, Quezada, McCaffrey, Jabour, and Archambault

     Date Introduced: May 11, 2017

     Referred To: Senate Commerce

     (Lieutenant Governor)

It is enacted by the General Assembly as follows:

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

hereby amended by adding thereto the following section:

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

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

generation service.

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

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

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

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

program to ratepayers would exceed the costs to ratepayers.

     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

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

nonregulated power producer at a discount rate.

     This act would take effect upon passage.

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