40-207. Electricity suppliers; rules

A. An electricity supplier shall obtain a certificate from the commission before offering electricity for sale to retail electric customers in this state.

B. The commission may adopt, amend and repeal rules reasonably necessary to carry out this section. On or before December 31, 1998, the commission shall adopt rules providing minimum standards of disclosure and complaint procedures applicable to certificated electricity suppliers. The commission may impose conditions on the certification of electricity suppliers to assure their financial stability, including periodic reports, bonds and deposits.

C. As a condition of obtaining a certificate required under subsection A, an electricity supplier shall agree to be subject to the transaction privilege taxes and affiliated excise taxes pursuant to title 42, chapter 5 and the provisions of the model city tax code.

40-207. Electricity suppliers; rules

A. An electricity supplier shall obtain a certificate from the commission before offering electricity for sale to retail electric customers in this state.

B. The commission may adopt, amend and repeal rules reasonably necessary to carry out this section. On or before December 31, 1998, the commission shall adopt rules providing minimum standards of disclosure and complaint procedures applicable to certificated electricity suppliers. The commission may impose conditions on the certification of electricity suppliers to assure their financial stability, including periodic reports, bonds and deposits.

C. As a condition of obtaining a certificate required under subsection A, an electricity supplier shall agree to be subject to the transaction privilege taxes and affiliated excise taxes pursuant to title 42, chapter 5 and the provisions of the model city tax code.