LD 1396
pg. 2
An Act Relating to Contractual Obligations of Electric Utilities after Restruct...
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LR 2782
Item 1
utility may contract with an affiliated or nonaffiliated
competitive provider to sell electric energy or capacity to retail
consumers, subject to the limitations contained in subsection 2.
SUMMARY
This bill makes clear that the electric industry restructuring
laws do not absolve electric utilities from their obligations
under contracts entered into on or before February 29, 2000.
This bill allows electric utilities to ensure the delivery of
electricity to retail consumers under the terms of their
preexisting contracts after the date of restructuring.
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