CHAPTER 447
S.P. 649 - L.D. 1871
An Act to Authorize the Public Utilities Commission to Establish Reasonable Registration and Reporting Requirements and to Study Market Power Issues Associated with Electric Industry Restructuring
Emergency preamble. Whereas, Acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, present law does not require entities to register with the Public Utilities Commission before contracting with consumers to provide electric generation service at some time in the future; and
Whereas, the Legislature is currently considering legislation to deregulate the provisions of electric generation service to the State's retail electric consumers, but that activity is not likely to be authorized until some time in the future; and
Whereas, certain entities have already begun to market the future provision of generation service to retail consumers in the State in anticipation of the passage of electric restructuring legislation and it is necessary to obtain more information on these activities to protect the State's electric consumers; and
Whereas, it is imperative that the Legislature be informed at the earliest possible date about potential market power issues raised by electric industry restructuring; and
Whereas, in order for the Legislature to have this information, a market power study must be immediately initiated; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Be it enacted by the People of the State of Maine as follows:
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