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§ 7-508. Valuation of generation facilities or assets

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 7. Gas, Electric, and Water Companies (Refs & Annos)
Subtitle 5. Electric Industry Restructuring (Refs & Annos)
Part II. Electric Industry Restructuring Enabled (Refs & Annos)
MD Code, Public Utilities, § 7-508
Formerly cited as MD PUBLIC UTIL COMP § 7-508
§ 7-508. Valuation of generation facilities or assets
Transfer of facilities or assets to affiliates
(a) An electric company may transfer any of its generation facilities or generation assets to an affiliate.
Valuation of generation assets
(b) The transfer of a generation facility or generation asset to an affiliate may not affect or restrict the Commission's determination of the value of a generation asset for purposes of transition costs or benefits under § 7-513(b) of this subtitle.
Commission review and approval of transfers
(c)(1) This subsection is in effect until the later of the date when:
(i) all customers of the electric company are eligible for customer choice under § 7-510 of this subtitle; and
(ii) the amount of transition costs or benefits arising from the generation to be transferred has been finally determined by the Commission under § 7-513(a) through (c) of this subtitle.
(2) The Commission may review and approve the transfer for the sole purpose of determining:
(i) that the appropriate accounting has been followed;
(ii) that the transfer does not or would not result in an undue adverse effect on the proper functioning of a competitive electricity supply market; and
(iii) the appropriate transfer price and rate making treatment.
(3) The Commission shall act on the transfer of a generation facility or generation asset under this subsection within 180 days after the electric company files its proposed transfer application and any required supporting information.

Credits

Added by Acts 1999, c. 3, § 1, eff. July 1, 1999; Acts 1999, c. 4, § 1, eff. July 1, 1999.
MD Code, Public Utilities, § 7-508, MD PUBLIC UTIL § 7-508
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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