Section 7-543 – Successors to Perform and Satisfy Obligations
(a) This section applies to a person that is a successor to an electric company, whether through: (1) a reorganization, bankruptcy, or other insolvency proceeding; (2) a merger or acquisition, sale, or other business combination; or (3) a transfer by operation of law. (b) A successor to an electric company shall perform and satisfy all obligations of, and have the […]
Section 7-544 – Assignees or Financing Parties Not Considered Public Service Company or Electric Supplier
An assignee or financing party may not be considered to be a public service company or an electricity supplier solely by virtue of the transactions described in this part.
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 […]
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 7-516 – Transition Procedures
(a) (1) In recognition of the potential environmental impacts of restructuring the electric industry, it is the intent of the General Assembly to minimize the effects of electric restructuring on the environment. (2) Electric companies in Maryland shall conduct a study that tracks shifts in generation and emissions as a result of restructuring the electric industry. (3) The study […]
Section 7-517 – Short Title
This subtitle may be referred to as the “Electric Customer Choice and Competition Act of 1999”.
Section 7-520 – Definitions
(a) In this part the following words have the meanings indicated. (b) “Assignee” means any individual, corporation, or other legally recognized entity to which an electric company transfers all or a portion of its interest in rate stabilization property, other than as security, including any assignee of that party. (c) (1) “Financing party” means a holder of rate stabilization […]