Electric utilities; licensed retail suppliers, renewable portfolio standard requirements.

Corrected a typo in the penalty for returning to an incumbent utility, changing the notice period from 'five years' to 'eighteen months'.

Standardized formatting by adding spaces between section numbers and titles throughout the document.

Removed draft-specific headers, dates, and committee attribution text as the bill was officially enrolled.

Added official 'Enrolled' status and 'Approved' designation to indicate the bill is final law.

Changed the definition of eligible customers from 'individual retail customers' to 'individual nonresidential retail customers' and explicitly prohibited residential customers and those with loads of 150 kilowatts or less from participating in the competitive market.

Reduced the required advance notice period for customers returning to their incumbent utility from five years to eighteen months, and reduced the minimum stay period upon return from 30 months to 12 months.

Added a new provision allowing utilities to petition the Commission to adjust rates specifically to reallocate costs associated with customers who have switched to licensed suppliers.

Removed language requiring aggregated customer groups to submit periodic monitoring reports to the Commission, simplifying the administrative burden for approved aggregation petitions.

Removed the requirement for licensed suppliers to ensure their customers meet the state's renewable portfolio standard (RPS) on an aggregate basis, while retaining the utility's obligation to include those sales in its RPS calculations.

Corrected a date error in the original bill, changing the reference year for peak demand thresholds from 2024 back to 2006.