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§ 7-541. Information required on electric bills

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, § 7-541
Formerly cited as MD PUBLIC UTIL COMP § 7-541
§ 7-541. Information required on electric bills
In general
(a)(1) The electric bill of an electric company that has obtained a qualified rate order and issued rate stabilization bonds must:
(i) explicitly reflect that a portion of the charges on the bill represents qualified rate stabilization charges approved in a qualified rate order issued to the electric company; and
(ii) if the rate stabilization property has been transferred to an assignee, include a statement to the effect that:
1. the assignee is the owner of the rights to qualified rate stabilization charges; and
2. the electric company or any other entity, if applicable, is acting as a collection agent or servicer for the assignee.
(2) The tariff applicable to customers must indicate the qualified rate stabilization charge and the ownership of that charge.
Failure to comply with section
(b) The failure of an electric company to comply with this section may not invalidate, impair, or affect any qualified rate order, rate stabilization property, qualified rate stabilization charge, or rate stabilization bonds.

Credits

Added by Acts 2006, 1st Sp. Sess., c. 5, § 1, eff. June 23, 2006.
MD Code, Public Utilities, § 7-541, MD PUBLIC UTIL § 7-541
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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