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Any proposal to restructure
the utility industry must be considered in accordance
with public interest, and must take effect over
a defined time period to assure a smooth transition.
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Wholesale competition involving
multiple power suppliers should take effect first
and its consequences should be thoroughly evaluated
before the need for retail competition is considered.
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Electric service must be maintained
through the obligation to serve within assigned
service areas at a reasonable cost.
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Recognized stranded costs must
be subject to equitable recovery from departing
customers.
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Environmental quality and stewardship
of resources must be maintained through an effective
integrated resource planning process or a similar
public process that assures consideration of,
but is not limited to, the following:
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Cost-effective, demand-side
management programs, and;
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Portfolio diversity, including
cost-effective renewable resources.
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The existing need and sitting
review of power supply facilities and transmission
lines by state regulatory agencies must be maintained.
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Restructuring must not degrade
safety, reliability, or customer service standards.
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Public interest objectives must be met, such as,
shutoff protection for fixed and low-income consumers.