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§ 4-103. Employee stock ownership plans and lobbying expenses

West's Annotated Code of MarylandPublic Utilities

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 4. Rate Regulation (Refs & Annos)
Subtitle 1. General Provisions (Refs & Annos)
MD Code, Public Utilities, § 4-103
Formerly cited as MD PUBLIC UTIL COMP § 4-103
§ 4-103. Employee stock ownership plans and lobbying expenses
Employee stock ownership plans
(a) In setting just and reasonable rates under this title, the Commission may not discourage the use of employee stock ownership plans by public service companies by denying to the public service companies the full benefits of investment tax credits provided in connection with these plans by the Internal Revenue Code.
Lobbying expenses
(b) A public service company may not charge off lobbying expenses against its ratepayers.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.
Formerly Art. 78, § 69.
MD Code, Public Utilities, § 4-103, MD PUBLIC UTIL § 4-103
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document