To establish procedures to resolve disputes between electric suppliers regarding a potential change in electric suppliers for an existing service entrance or the provision of electric service to a new service.   Official Text and Analysis.

To provide that, when the dispute involves an investor-owned utility and another utility, if either party objects to the dispute being heard by the Commission, the dispute can be submitted to arbitration. Establishes procedures for arbitration. If the annexation of any territory has cancelled the franchise or permit of a public utility and the public utility has been granted a franchise to continue business within the annexed territory for a certain period of time, the provisions of the act do not apply until the expiration of the continued franchise.