|Posted:||March 14, 2014 09:27 AM|
|From:||Senator Lisa M. Boscola|
|To:||All Senate members|
|Subject:||Notification requirements for variable rate contracts & reduction of time frame to switch electric suppliers|
As you may know, I recently circulated two co-sponsor memos. One would require new notification requirements for variable rate contracts, the other reduced of the time frame to switch electric suppliers. I have since decided to merge these two bills into one.
My new legislation will shorten the current time-frame for switching between suppliers from the current 16-45 days, to no more than 5 business days. My bill will also direct the Public Utility Commission to adopt regulations developing notification standards for Electric Generation Suppliers (EGS's) who offer variable rate contracts for residential customers to follow. The notification standards will:
Please join me in co-sponsoring this legislation which will better educate and insulate customers from variable rate increases.
Introduced as SB1297