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.
|