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§ 7-524. Tariffs implementing a rate stabilization plan

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 III. Rate Stabilization (Refs & Annos)
MD Code, Public Utilities, § 7-524
Formerly cited as MD PUBLIC UTIL COMP § 7-524
§ 7-524. Tariffs implementing a rate stabilization plan
In general
(a) Tariffs implementing a rate stabilization plan may provide that:
(1) residential customers shall be charged the full cost of residential standard offer service necessary to recover the electric company's costs under § 7-510(c)(3) of this subtitle; and
(2) any credits or recoveries required or authorized under this part shall be reflected as nonbypassable credits or charges on the electric distribution portion of each residential customer's bill.
Applications for qualified rate orders
(b) As part of the submission of a rate stabilization plan, an electric company may apply to the Commission for a qualified rate order for the financing and recovery of its approved rate stabilization costs in accordance with this part.

Credits

Added by Acts 2006, 1st Sp. Sess., c. 5, § 1, eff. June 23, 2006.
MD Code, Public Utilities, § 7-524, MD PUBLIC UTIL § 7-524
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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