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

Terms Used In Rhode Island General Laws 39-1-27.13

  • Commission: means the public utilities commission. See Rhode Island General Laws 39-1-2
  • Company: means and includes a person, firm, partnership, corporation, quasi-municipal corporation, association, joint-stock association or company, and his, her, its, or their lessees, trustees, or receivers appointed by any court. See Rhode Island General Laws 39-1-2
  • Electric distribution company: means a company engaging in the distribution of electricity or owning, operating, or controlling distribution facilities and shall be a public utility pursuant to subsection (20) of this section. See Rhode Island General Laws 39-1-2
  • Nonregulated power producer: means a company engaging in the business of producing, manufacturing, generating, buying, aggregating, marketing, or brokering electricity for sale at wholesale or for retail sale to the public; provided however, that companies that negotiate the purchase of electric generation services on behalf of customers and do not engage in the purchase and resale of electric generation services shall be excluded from this definition. See Rhode Island General Laws 39-1-2

(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 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.

History of Section.
P.L. 2018, ch. 102, § 1; P.L. 2018, ch. 108, § 1.