Adds to existing law to provide for competitive procurement of electric services and electric ratepayer protection.

This legislation provides that entities which need more than 10 megawatts of power from a service provider such as a utility must pay the full cost of the energy generated. If an entity chooses it may directly contract or otherwise obtain energy from a third party. The intent of this legislation is to ensure that those entities that cause additional energy to be required, pay for that energy. Thus, customers of the service provider are not burdened with rate increases or expense since the cost of the new generation is allocated solely to the entity which caused the need for the new generation.