Large users of covered utilities could choose another power supplier

Eligible customers could buy power from another supplier while their local utility delivers it. This applies to nonresidential customers of covered state-regulated utilities whose demand, alone or as a group, exceeded one megawatt in the last completed calendar year. Municipal utilities and electric cooperatives must opt in. Switching would follow state cap rules. Customers leaving their utility's power supply while space is available under the cap must give at least 30 days' written notice. The utility could not charge them a transition or exit fee. The choice would begin July 1, 2027.

State regulators would limit switching and put waiting customers in a queue. Each covered utility would have its own cap. The first cap must be at least 20% of adjusted utility sales, leaving out sales to eligible customers whose demand exceeds 75 megawatts at one site. Customers not yet buying power from the utility could go above a full cap. Some existing customers adding power at a facility they own or operate could also do so, including at a similar new facility they own at least half of. Regulators must set the first cap by July 1, 2027.

Covered utilities would break down the charges on customer bills. The rule would cover every customer bill issued by a covered utility, including bills for customers who do not switch suppliers. Bills must explain what each charge pays for and list applicable power, delivery, and other charges separately. The bill breakdown would apply to bills issued after June 30, 2027.

State regulators would license sellers that offer power to eligible customers. The licensing rules would cover competing power suppliers serving eligible customers of covered Indiana utilities. Before issuing a license themselves, regulators must find that a supplier can provide service. Suppliers must pay $10,000 each year, carry at least $1 million in financial security, and use written customer contracts. An application would count as approved if regulators do not decide within 90 days. The 90-day deadline would start when a supplier files its application.

Utilities could not charge switching customers for power supplied by a competitor. The charge ban would protect eligible customers buying power from a competitor. The rate review would also consider customers who do not switch. In cases that set basic rates, regulators must prevent unreasonable costs from shifting to other customers and consider power costs the utility avoids.