The group reached a tentative consensus that a license remains in force once obtained unless a supplier withdraws it or it is revoked. Mary also expressed concern about the need to define the timing of the licensing process, revocation of the license, transferability, renewal, and the suppliers responsibility to the Public Service Commission assessment. After lunch, the group discussed 2 items that would prompt further action by the Commission Staff in regards to a licensed supplier. Bonding - the group agreed that if residential customers are to be served without requiring a deposit, the suppliers bonding requirements would change. Document was developed by Sondra Simpson and may provide starting point for discussion on timing, revocation, termination, etc.
Document is included with minutes email.
Discuss transferability of licenses. Complete discussion of bonding requirements. Examiner David L. Moore presided. Readers are cautioned that statements made are tentative and may be subject to change at future meetings. The meeting started with a summary of each of the local taxing authorities that responded to the group s letter concerning liability and remittance of energy sales and use taxes in the restructured electric industry.