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(II) CONTRACTS FOR ELECTRICITY WITH AN ELECTRICITY
SUPPLIER AND IT IS NOT DELIVERED;
(III) CANNOT ARRANGE FOR ELECTRICITY FROM AN ELECTRICITY
SUPPLIER; OR
(IV) DOES NOT CHOOSE AN ELECTRICITY SUPPLIER OR;
(V) HAS BEEN DENIED SERVICE OR REFERRED AS A DELINQUENT
ACCOUNT TO THE STANDARD OFFER SERVICE PROVIDER BY AN ELECTRIC SUPPLIER
OR AGGREGATOR
(3) ANY OBLIGATION OF AN ELECTRIC COMPANY TO PROVIDE
STANDARD OFFER SERVICE SHALL CEASE ON JULY 1, 2003, EXCEPT THAT;
(I) ELECTRIC COOPERATIVES AND MUNICIPAL UTILITIES MAY
CHOOSE TO CONTINUE PROVIDING STANDARD OFFER SERVICE IN THEIR
RESPECTIVE DISTRIBUTION TERRITORIES, AND MAY CEASE OFFERING THAT
SERVICE AFTER NOTIFYING THE COMMISSION AT LEAST 12 MONTHS IN ADVANCE;
AND
(II) IF THE COMMISSION FINDS THAT THE ELECTRICITY SUPPLY
MARKET IS NOT COMPETITIVE, THE COMMISSION MAY EXTEND THE OBLIGATION TO
PROVIDE STANDARD OFFER SERVICE TO RESIDENTIAL AND SMALL COMMERCIAL
CUSTOMERS UNTIL JULY 1, 2004, AT THE LATEST, AT A RATE DETERMINED UNDER §
7-505(C) OF THIS SUBTITLE.
(3) (I) THE OBLIGATION OF AN ELECTRIC COMPANY TO PROVIDE
STANDARD OFFER SERVICE SHALL CONTINUE UNTIL JULY 1, 2003, OR A LATER DATE
WHEN THE COMMISSION DETERMINES THAT A COMPETITIVE MARKET EXISTS FOR
RESIDENTIAL AND SMALL COMMERCIAL CUSTOMERS.
(II) IF THE COMMISSION DOES NOT FIND THAT THE ELECTRICITY
SUPPLY MARKET IS COMPETITIVE, OR FINDS THAT NO ACCEPTABLE COMPETITIVE
PROPOSALS HAVE BEEN RECEIVED. THE OBLIGATION TO PROVIDE STANDARD OFFER
SERVICE TO RESIDENTIAL AND SMALL COMMERCIAL CUSTOMERS SHALL BE
EXTENDED AT A PRICE THAT ALLOWS RECOVERY OF VERIFIABLE PRUDENTLY
INCURRED MARKET COSTS TO PROCURE OR PRODUCE THE ELECTRICITY PLUS A
REASONABLE RETURN. THE COMMISSION SHALL REEXAMINE THIS FINDING
ANNUALLY.
(III) ELECTRIC COOPERATIVES AND MUNICIPAL UTILITIES MAY
CHOOSE TO CONTINUE PROVIDING STANDARD OFFER SERVICE IN THEIR
RESPECTIVE TERRITORIES, AND MAY CEASE OFFERING THAT SERVICE AFTER
NOTIFYING THE COMMISSION AT LEAST 12 MONTHS IN ADVANCE.
(4) ON OR BEFORE JULY 1, 2001, THE COMMISSION SHALL ADOPT
REGULATIONS OR ISSUE ORDERS TO ESTABLISH PROCEDURES FOR THE
COMPETITIVE SELECTION OF ELECTRICITY SUPPLIERS, INCLUDING AN AFFILIATE
OF AN ELECTRIC COMPANY, TO PROVIDE STANDARD OFFER SERVICE TO CUSTOMERS
OF ELECTRIC COMPANIES, EXCEPT FOR CUSTOMERS OF ELECTRIC COOPERATIVES
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