Section 7-714 – Power Plant Research Program Study
// EFFECTIVE UNTIL JUNE 30, 2023 PER CHAPTER 757 OF 2019 // (a) The Power Plant Research Program shall conduct a study of the renewable energy portfolio standard and related matters in accordance with this section. (b) The study shall be a comprehensive review of the history, implementation, overall costs and benefits, and effectiveness of the renewable […]
Section 7-607 – Short Title
This subtitle may be referred to as the “Natural Gas Supplier Licensing and Consumer Protection Act of 2000”.
Section 7-701 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Administration” means the Maryland Energy Administration. (c) “Fund” means the Maryland Strategic Energy Investment Fund established under § 9–20B–05 of the State Government Article. (d) “Geothermal heating and cooling system” means a system that: (1) exchanges thermal energy from groundwater or a shallow ground source to generate thermal […]
Section 7-702 – Intent and Findings
(a) It is the intent of the General Assembly to: (1) recognize the economic, environmental, fuel diversity, and security benefits of renewable energy resources; (2) reduce greenhouse gas emissions and eliminate carbon–fueled generation from the State’s electric grid by using these resources; (3) establish a market for electricity from these resources in Maryland; and (4) lower the cost to consumers […]
Section 7-703 – Renewable Energy Portfolio Standard
(a) (1) (i) The Commission shall implement a renewable energy portfolio standard that, except as provided under paragraphs (2) and (3) of this subsection, applies to all retail electricity sales in the State by electricity suppliers. (ii) If the standard becomes applicable to electricity sold to a customer after the start of a calendar year, the standard does not […]
Section 7-704 – Renewable Energy Portfolio Standard — Eligibility for Inclusion in Meeting Standards
(a) (1) Energy from a Tier 1 renewable source: (i) is eligible for inclusion in meeting the renewable energy portfolio standard regardless of when the generating system or facility was placed in service; and (ii) may be applied to the percentage requirements of the standard for either Tier 1 renewable sources or Tier 2 renewable sources. (2) (i) Energy from a […]
Section 7-704.1 – Application for Offshore Wind Project
(a) (1) The General Assembly finds and declares that: (i) the development of offshore wind energy is important to the economic well–being of the State and the nation; and (ii) it is in the public interest of the State to facilitate the construction of at least 1,200 megawatts of Round 2 offshore wind projects in order to: 1. position the […]
Section 7-547 – Scope of Part
This part applies to an investor-owned electric company that has an obligation to provide standard offer service under § 7-510(c) of this subtitle to residential electric customers for whom rate cap or price freeze service established under a settlement agreement approved in accordance with § 7-505(d) of this subtitle expires at the end of June […]
Section 7-548 – Rate Stabilization Plans and Recovery of Costs
(a) (1) (i) Notwithstanding any other provision of this article, but subject to paragraphs (2) through (4) of this subsection, an electric company to which this part applies shall file tariffs with the Commission that implement a rate stabilization plan consistent with this part. (ii) 1. The Commission shall review the tariffs required under subparagraph (i) of this paragraph. 2. Within […]
Section 7-549 – Recovery of Actual Costs of Carrying Costs and Expenses
(a) In this section, “actual cost” means the costs and expenses deferred as regulatory assets multiplied by: (1) the electric company’s cost of debt; or (2) if the electric company secures the debt under Part III of this subtitle, the cost of the secured debt. (b) An electric company shall recover, as an additional rate stabilization cost, the actual […]