Rule 4901:1-24-14 | Financial security.
(A) Pursuant to a tariff filed with the commission in accordance with rule 4901:1-10-29 of the Administrative Code, a retail electric generation service provider shall maintain financial assurance sufficient to protect customers and the electric utility from default.
(B) An electric utility may require a retail electric generation service provider to furnish financial and other information contained in its tariff to determine the type and/or amount of the financial assurance required for compliance with paragraph (A) of this rule.
(C) If a retail electric generation service provider fails to maintain sufficient financial assurance to protect an electric utility from default by the retail electric generation service provider, the electric utility may apply for relief at the commission. In accordance with rule 4901:1-24-13 of the Administrative Code, the commission, upon its own motion or upon complaint, may suspend, rescind, or conditionally rescind a retail electric generation service provider's certificate for failure to maintain sufficient financial assurance at any electric utility as required by this rule.
(D) As used in this rule, "retail electric generation service provider" has the same meaning as in rule 4901:1-24-01 of the Administrative Code, but excludes a power broker or aggregator.
Last updated October 5, 2026 at 9:12 AM
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