A public power system cannot collect a competitive transition charge unless it commits control of its transmission facilities to the independent system operator and implements retail competition. No entity shall provide electric service to a retail customer of a public power system unless the customer first confirms its obligation to pay a transition charge to the public power system. Conversely, a public power system cannot serve a customer of a utility unless the customer confirms its obligation to pay the other utility s transition charge. The charge cannot collect less than the lowest expenditure level of the state s three largest investor-owned utilities. 1890 provides for retail competition, and SB 477 modifies the securitization provisions and adds new consumer protection measures.
All references are to the California Code.
There is an Oversight Board for the independent system operator and power exchange. The independent system operator and power exchange shall begin at the same time. There are verification procedures for customers changing aggregators or service providers. Minimum standards are set for items such as billing, changing providers, and customer deposits. The securitized portion of costs shall be collected from customers until rate reduction bonds are paid off.