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CT HB05626

Bill

Official Source

Status

Introduced

1/18/2023

Primary Sponsor

William Buckbee

Click for details

Origin

House of Representatives

2023 General Assembly

AI Summary

  • Third-party electric suppliers must obtain a $500,000 surety bond to operate in Connecticut
  • Suppliers conducting door-to-door solicitations must obtain an additional $500,000 surety bond (total of $1 million)
  • Surety bonds guarantee supplier compliance with all state and local laws
  • Aims to protect energy consumers and ensure responsible operation by third-party electric suppliers

Legislative Description

An Act Requiring Electric Suppliers To Obtain Surety Bonds.

Last Action

Vote to Draft

2/23/2023

Committee Referrals

Energy and Technology1/18/2023

Full Bill Text

No bill text available