Progress
Signed 3/31/99
The General Assembly has ended, the current status is the final status.
Details
1/13/99
AN ACT AMENDING THE PROVISIONS OF TITLE 26 OF THE DELAWARE CODE RELATING TO THE RESTRUCTURING AND REGULATION OF PUBLIC UTILITIES SUPPLYING ELECTRICITY TO RETAIL CUSTOMERS IN THE STATE.
This comprehensive legislation restructures and deregulates the supplying of electricity to all industrial, commercial and residential customers within the service territories of Delmarva Power & Light Company and Delaware Electric Cooperative, by eliminating the exclusive franchise for the supply of electricity which each enjoys within its service territory, beginning with customer choice on October 1, 1999 for Delmarva's large industrial users, and on April 1, 2000 for DEC's large industrial users. The Act provides for a 7.5% cut in electric rates for Delmarva's residential customers, and, by replacing electric supply monopoly with free market competition, presages lower prices for all DP&L and DEC customers.
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