❌ SB297
Regards electric submetering companies and customers
Summary
The bill exempts electric submetering companies from being classified as public utilities and imposes various requirements on these companies, including registration with the public utilities commission every two years and compliance with specific pricing and disclosure regulations. It also extends eligibility for the percentage of income payment plan program to certain customers of electric submetering companies.
Rationale
The bill introduces regulatory requirements for electric submetering companies, which may conflict with the Libertarian principles of minimal government intervention and free market operations. Both the LP and LPO platforms advocate for limited government control over economic activities, suggesting that the bill's regulatory nature does not align well with their principles.
Risks and Concerns
- Increased government regulation on private companies
- Potential for reduced competition in the electric market
- Possibility of higher costs for consumers due to regulatory compliance