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Act 1556 of 1999 and Act 324 of 2001
The Arkansas General Assembly passed Act 1556 of 1999
to provide for the introduction of retail competition in the electric utility industry by January
1, 2002, but no later than June 30, 2003. Act 324 of 2001 amended Act 1556 to change the earliest
implementation date for retail electric competition from
January 1, 2002, to October 1, 2003. The amendments to Act
1556 of 1999 were the result of recommendations by the
Commission in its Progress
Report to the General Assembly on the Development of
Competition in Electric Markets and the Impact on Retail
Customers,
submitted on November 29, 2000.
The specific amendments to Act 1556 included changing the date
for initiating retail competition in Arkansas from January 1,
2002 to not earlier than October 1, 2003, nor later than
October 1, 2005. The amendments to Act 1556 clarified that the
Commission may delay implementation of retail open access upon
findings that most customers would not have a reasonable
opportunity to realize net benefits, specifically including
relative price benefits for residential and small business
customers, and that demonstrably effective wholesale market
structures are not in place. In its Report
to the General Assembly Pursuant to Act 324 on the Development
of a Competitive Electric Market and Possible Impact on
Customers, submitted on December 20, 2001, the Commission recommended that the General Assembly consider
either a complete suspension of the current statute for a
considerable period of time, perhaps going out to 2010 or
2012, or repeal of the statute.
Contact
Diana Brenske
Manager, Electric Section
Arkansas Public Service Commission
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Revised: June 16, 2008.
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