Chapter 108

2018 -- S 2330 SUBSTITUTE A Enacted 06/29/2018

A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS -- ELECTRIC GENERATION SERVICE

Introduced By: Senators Lombardo, Raptakis, DaPonte, DiPalma, and Lombardi

Date Introduced: February 15, 2018

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 may implement a purchase of receivables program where the electric

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

rate which that 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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LC004121/SUB A

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