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 […]
Section 7-601 – “Consumer” and “Customer” Defined
In this subtitle, “consumer” and “customer” each means a retail gas customer.
Section 7-602 – Legislative Findings; Purpose of Subtitle
The General Assembly finds and declares that the purpose of this subtitle is to: (1) clarify existing law regarding the provision of competitive retail gas supply and gas supply services in the State; (2) require the Commission to license gas suppliers; (3) authorize the Commission to adopt complaint procedures; (4) establish certain requirements relating to the competitiveness of retail […]
Section 7-534 – Modified or Additional Qualified Rate Orders
(a) At the request of an electric company, the Commission may modify an existing qualified rate order, or issue an additional qualified rate order, providing for the issuance of: (1) additional rate stabilization bonds for rate stabilization costs not recovered under an original qualified rate order; or (2) new rate stabilization bonds for the combined purposes of: (i) financing […]
Section 7-603 – Licensing; Authority of Commission
(a) The Commission shall license gas suppliers and shall have the same authority as the Commission has under § 7-507 of this title for electricity suppliers, including the authority to: (1) revoke or suspend a license; (2) impose a moratorium, civil penalty, or other remedy; or (3) order a refund for or credit to a customer. (b) The Commission shall […]
Section 7-535 – Bond Not Debt, Liability, or Pledge of State or Governmental Unit
(a) A rate stabilization bond issued under this part is not a debt, liability, or a pledge of the full faith and credit of the State or any other governmental unit. (b) The issuance of a rate stabilization bond under this part is not directly, indirectly, or contingently a moral or other obligation of the State or […]
Section 7-604 – Consumer Protection Orders or Regulations
(a) On or before July 1, 2001, the Commission shall adopt consumer protection orders or regulations for gas suppliers that: (1) protect consumers from discriminatory, unfair, deceptive, and anticompetitive acts and practices in the marketing, selling, or distributing of natural gas; (2) provide for contracting, enrollment, and billing practices and procedures; and (3) the Commission considers necessary to protect […]
Section 7-536 – Permissible Provisions of Order
A qualified rate order under this part that authorizes the issuance of rate stabilization bonds may: (1) state the rights and remedies of bondholders and any assignee; and (2) contain provisions to protect and enforce the rights and remedies of bondholders and any assignee.
Section 7-604.1 – Customer Choice Shopping Website for Natural Gas Suppliers
(a) The Commission shall establish a customer choice shopping website that allows a customer to sort natural gas suppliers that have open offers to supply natural gas to residential customers in the customer’s service area. (b) The website shall include: (1) a list of all natural gas suppliers that have open offers to supply natural gas to residential […]