Bill > H15

This bill modifies regulations for retail electricity suppliers in Massachusetts, primarily focusing on compliance with clean energy and renewable energy standards. It establishes new requirements for financial security, alternative compliance payments, and reporting procedures. Specifically, the bill mandates that non-distribution company retail electricity suppliers must provide annual financial security by January 31st, which can be in the form of a surety bond or other financial instrument, with an amount based on their gross receipts (minimum $100,000). The bill sets clear timelines for compliance filing (by April 1st) and payment (by April 30th), and outlines penalties for non-compliance, including potential civil actions, fines up to $25,000 per violation, and classification of violations as unfair or deceptive practices. If a supplier fails to meet its annual obligations, they must submit a three-year compliance plan and may be required to use their financial security to make alternative compliance payments. The department retains the right to take various enforcement actions, including requesting investigations by the Department of Public Utilities, to ensure that retail electricity suppliers fully meet their clean energy and renewable energy standard obligations.

Transportation and Infrastructure

https://malegislature.gov/Bills/194/H15