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New Regulations for Electric Suppliers in Effect
In Connecticut Final Approved Regulations have been approved with an effective as of July 24, 2024, upon posting by the Secretary of State.
The new rules include:
Increase in the amount of security:
(From rule) An electric supplier shall maintain an amount of security based on its forecast year load in accordance with the following schedule. The forecast year load shall be the amount of the full load served by the electric supplier during the previous calendar year, as adjusted to account for changes in the type and quantity of customers to be served in the forecast year. (i) Up to 100,000 MWh: $ 250,000; (ii) 100,001 MWh to 499,999 MWh: $ 500,000; (iii) 500,000 MWh to 999,999 MWh: $1 million; and (iv) 1,000,000 to 1,500,000 MWh: $2 million. (B) An electric supplier may elect to maintain continuous security in an amount greater than indicated in the schedule set forth in subparagraph (A) of this subdivision. Notwithstanding such schedule, the Authority shall have discretion to increase an electric supplier’s security as indicated by a decision in the electric supplier’s licensing docket to accommodate an electric supplier’s forecast year load in excess of 1,500,000 MWh, in increments of one million dollars per each additional 500,000 MWh of annual load.
New website requirements:
(From rule) An electric supplier shall maintain its internet website to include the following: (1) The electric supplier’s official name and trade name or names, if any; (2) All Authority docket numbers and titles pertaining specifically to the electric supplier to show its regulatory history in Connecticut, including all licensing and review dockets and history of dockets of companies acquired through mergers or license transfers, and all Authority investigation dockets that have been concluded; (3) Customer service contact information, including a phone number at which a live company representative (i.e., not an answering service) shall be available during normal business hours; (4) Authority contact information; and (5) Any other information which the Authority deems necessary.
Changes to license review:
(From rule) (1) Beginning on April 15, 2025, the Authority shall conduct biennial proceedings to review all electric supplier licenses to ensure electric suppliers continue to have the technical, managerial and financial capability to provide electric generation services to customers. Not later than January 31 of each year in which an electric supplier’s biennial review is conducted, such [an] electric supplier shall file with the [department] Authority a license review [application] compliance filing, which shall include the following: [(1)] (A) A fee in the amount of [$ 250] $ 2,500, made payable to the Treasurer of the State of Connecticut; [ *** ]
(2) Not more than ninety days after receiving the license review compliance filing, the Authority shall notify the electric supplier whether the license review compliance filing is complete or whether the applicant is required to submit additional information.
