H15

Massachusetts H15 amends regulations for retail electricity suppliers, including compliance deadlines and financial security requirements.

Massachusetts H15 amends the state's regulations for retail electricity suppliers, focusing on compliance deadlines and financial security requirements. The bill mandates that retail electricity suppliers provide evidence of financial security by January 31 each year, in the form of a surety bond or other financial instruments. The amount of financial security must be the greater of $100,000, 20% of the supplier's estimated gross receipts for its first full year of operation, or 20% of the supplier's actual gross receipts for the preceding year.