An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in natural gas competition, further providing for requirements for natural gas suppliers; and, in restructuring of electric utility industry, further providing for requirements for electric generation suppliers.

This bill updates Pennsylvania laws to set stricter financial and educational rules for natural gas and electric generation suppliers. It requires these companies to provide a financial bond or security to protect against bankruptcy and mandates that their sales representatives complete an approved training program and pass an exam before working. Specifically, suppliers making direct sales to homes must post a $1,000,000 bond in addition to any other required security. The Pennsylvania Public Utility Commission is tasked with creating the training curriculum and overseeing compliance to ensure consumer safety and reliability.