H7318

	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:
1	SECTION 1. Chapter 39-1 of the General Laws entitled "Public Utilities Commission" is
2	hereby amended by adding thereto the following section:
3	39-1-27.13. Alternative suppliers and purchase of receivables program.
4	(a) The general assembly recognizes the importance of competitive choice in electric
5	generation service.
6	(b) The commission shall implement a purchase of receivables program where the
7	electric distribution company purchases the receivables of a nonregulated power producer at a
8	discount rate which is then offset from the monthly payments the electric distribution company
9	makes to the nonregulated power producer if the commission finds that the benefits of the
10	program to ratepayers would exceed the costs to ratepayers.
11	SECTION 2. This act shall take effect upon passage.
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	LC003653
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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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1	This act would require the public utilities commission to implement a purchase of
2	receivables program where the electric distribution company purchases the receivables of a
3	nonregulated power producer at a discount rate.
4	This act would take effect upon passage.
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	LC003653
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