Competitive electric generation service.

Competitive electric generation service. Provides that beginning: (1) July 1, 2028, for industrial customers; (2) January 1, 2029, for commercial customers; and (3) July 1, 2029, for residential customers; a customer of an electricity supplier may elect to receive competitive electric generation service directly from a retail electric provider. Requires an electricity supplier to do the following not later than June 30, 2028: (1) Unbundle the cost components of: (A) electric generation services; and (B) electric transmission and distribution services; in the electricity supplier's tariffs for all customer classes. (2) Functionally separate all: (A) electric generation and supply services; and (B) transmission and distribution services; within the electricity supplier's operations. (3) Divest the electricity supplier's generation assets not otherwise needed to provide default electric generation service to customers within the electricity supplier's service area after the implementation of competitive electric generation service. Provides that, except for the licensing requirements for retail electric providers set forth in the bill, competitive electric generation service is not subject to regulation by the Indiana utility regulatory commission (IURC). Provides that the IURC shall continue to regulate: (1) default electric generation service; and (2) transmission and distribution service; provided by an electricity supplier to customers within the electricity supplier's service area. Provides that rates charged by electricity suppliers for default electric generation service must be: (1) based on market prices; and (2) subject to annual comparisons to regional averages for comparable service. Provides that not later than January 1, 2027, the IURC shall initiate a stakeholder proceeding to develop a customer education program to ensure that all retail electric customers have access to accurate information about the availability of, and options for, competitive electr