Bill
S 7230
Overview: S 7230, Ensures energy services companies are subject to the same consumer protection regulations regarding unclaimed deposits and refunds currently facing utility compan
Overview: S 7230, Ensures energy services companies are subject to the same consumer protection regulations regarding unclaimed deposits and refunds currently facing utility companies, SUBSTITUTED BY A6762, April 04, 2025
Purpose and Intent: This bill aims to extend the same consumer protection regulations that currently apply to utility companies to energy services companies (ESCOs) as well. The goal is to ensure that customers of ESCOs receive the same level of protection for their unclaimed deposits and refunds.
Key Provisions:
- Requires ESCOs to be subject to the same regulations as utility companies regarding unclaimed customer deposits and refunds
- Mandates that ESCOs must report and remit unclaimed customer deposits and refunds to the state comptroller, similar to utility companies
- Establishes a process for customers to claim any unclaimed deposits or refunds held by ESCOs
Affected Parties and Impacts:
- Customers of energy services companies (ESCOs) will benefit from increased consumer protections for their unclaimed deposits and refunds
- ESCOs will be required to comply with the new reporting and remittance requirements for unclaimed customer funds
Procedural and Timeline Considerations:
- This bill has been substituted by A6762, indicating it has been replaced by an amended version
- The current status is unclear, as the substitution means the original S 7230 is no longer active
Compiled from official sources — confirm details with the bill’s official record.
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