HB5760 Summary

• Amends the Public Utilities Act to grant the Illinois Commerce Commission discretionary authority to deny licenses to agents, brokers, and consultants engaged in retail electricity supply procurement if they lack necessary competence or cannot fulfill ongoing obligations.

• Establishes a progressive violation penalty structure: first violation allows fines up to $5,000 and possible license suspension; second violation within 5 years allows fines up to $10,000 and suspension for at least 6 months; third or subsequent violations allow fines up to $20,000 and suspension for at least 2 years.

• Requires third-party sales representatives to disclose before customer contract signing that they are not employed by the local electric utility.

• Mandates licensees disclose all remuneration, maintain marketing materials for 3 years, avoid deceptive practices, and file annual reports detailing supplier relationships and customer distribution.

• Exempts the Illinois Power Agency, alternative retail electric suppliers, municipal power agencies, and agents exclusively representing a single supplier from licensing requirements.