(a) The general assembly recognizes the importance of competitive choice in electric generation service. (b) The commission may implement a purchase of receivables program where the electric distribution company purchases the receivables of a nonregulated power producer at a discount rate that is then offset from the monthly payments the electric distribution company makes to the nonregulated power producer if the commission finds that the benefits of the program to ratepayers would exceed the costs to ratepayers. History of Section.P.L. 2018, ch. 102, § 1; P.L. 2018, ch. 108, § 1.
Rhode Island Legal Code