Impact Of Act 129 On Pa. Default Electricity Service
October 31, 2008, 12:00 AM EDT
Law360, New York (October 31, 2008, 12:00 AM EDT) -- On Oct. 15, 2008, Pennsylvania Governor Ed Rendell signed into law House Bill 2200 as Act 129 of 2008 (“Act 129”), which effects significant changes to the Commonwealth's electricity market policy relating to, among other things, default service by local utilities. Default service is the backstop electricity service that utilities must provide customers who are not being served by a competitive supplier.
Act 129 amends the Public Utility Code and changes the landscape for electricity default service by imposing a new legal standard – least cost...