IN HB1276

Allows electricity customers to choose competitive electric generation service from licensed retail electric providers beginning July 1, 2028 for industrial customers, January 1, 2029 for commercial customers, and July 1, 2029 for residential customers

Requires electricity suppliers to unbundle tariffs separating generation from transmission/distribution costs, functionally separate these operations, and divest generation assets not needed for default service by June 30, 2028

Establishes IURC licensing requirements for retail electric providers including a $10,000 initial fee, $500,000 surety bond, cybersecurity protocols, and annual compliance audits

Mandates the IURC create a customer education program by January 1, 2027 and an online comparison portal by March 1, 2028 to help customers evaluate competitive generation service options

Default electric generation service rates must be market-based and subject to annual regional comparisons, while competitive generation service remains unregulated except for provider licensing requirements