I did reach out to the utility company and although we got the letter saying that as of June 1, this was taking affect, he said that that is not the case and that it won't be for a couple of months at least. They're still trying to figure out the verbiage for the new contract.
I did review the contract more in detail after I received it from him and there is a passage that explains that they have the right to change things of the contract giving 60 days notice