Amendment #1113 to H4000

Securing ACP debt to the Commonwealth

Mr. Roy of Franklin moves to amend the bill, in section 6, by striking out, in line 53, the words “in 225 CMR 14.02,” and inserting in  place thereof the following words:- “in regulations promulgated by the department” 

and further, by inserting, in line 58, after the word “supplier” the following “, including property acquired after the lien arises”

and further, by striking out, in line 58, the words “30 days after” and inserting in  place thereof the following word:- “when”

and further by inserting at the end thereof the following:-

(e) Notwithstanding any general or special law to the contrary, the department may establish financial compliance assurance requirements for any retail electricity supplier subject to requirements or standards established in this chapter. The department may require a bond or other security in amount and form as determined to be necessary and appropriate to ensure compliance with all such requirements or standards.