Electric utilities; retail competition.

Reduces the amount of the demand of an investor-owned electric utility's customer that makes the customer eligible to purchase electric power from any licensed supplier from five megawatts to one megawatt. The measure shortens the period that a utility's customer who switches from an investor-owned electric utility to a competing supplier is barred from returning as a customer of its utility from five years to three months. The measure revises the methodology for calculating certain costs for customers of an investor-owned electric utility that receive an exemption from the lock-out period. The measure (i) allows customers of an investor-owned electric utility to purchase 100 percent renewable energy from any licensed supplier and (ii) eliminates the condition that permits such purchases only if the incumbent investor-owned electric utility does not offer a tariff for 100 percent renewable energy. The measure does not change the existing corresponding requirements applicable to cooperative electric utilities.