HB 5507 Summary

• Removes the participating electric supplier referral program (subsection k) that required electric distribution companies to inform customers about competitive electric supply options and listing qualifying offers in customer bills.

• Eliminates the requirement for electric suppliers to advertise electricity prices alongside electric distribution company average charges, replacing it with expanded consumer protection rules for all marketing and sales by suppliers, aggregators, and their agents effective July 1, 2010.

• Establishes "electric broker" as a new category of entity that can arrange or negotiate electric generation service purchases without taking title to the electricity, requiring registration with the Department of Public Utility Control.

• Implements comprehensive consumer protections including three-day cancellation rights for residential customers, limitations on early termination fees (maximum $100 or twice average monthly bill), criminal background checks for door-to-door sales representatives, and restrictions on deceptive marketing practices.

• Requires electric suppliers to provide detailed written contracts with clear pricing information, material terms, circumstances allowing rate changes, and renewal terms communicated 30-60 days in advance with seven-day cancellation rights.