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§ 7-526. Grounds and application for qualified rate orders

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, § 7-526
Formerly cited as MD PUBLIC UTIL COMP § 7-526
§ 7-526. Grounds and application for qualified rate orders
Applications for qualified rate orders
(a) An electric company may apply to the Commission for a qualified rate order for the financing and recovery of its rate stabilization costs.
Grounds for adoption of qualified rate order
(b) On application of an electric company, the Commission may adopt a qualified rate order if the Commission finds that the total amount of revenue to be collected under the qualified rate order is less than the rate stabilization costs revenue that would be recovered over the same period using the electric company's weighted average cost of capital.
Rate stabilization costs to be financed and recovered
(c) The rate stabilization costs to be financed and recovered under a qualified rate order may be reduced by funds contributed from other sources.

Credits

Added by Acts 2006, 1st Sp. Sess., c. 5, § 1, eff. June 23, 2006.
MD Code, Public Utilities, § 7-526, MD PUBLIC UTIL § 7-526
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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