§ 7-106. Sale of electric plant or gas plant
West's Annotated Code of MarylandPublic UtilitiesEffective: April 11, 2017
Effective: April 11, 2017
MD Code, Public Utilities, § 7-106
Formerly cited as Formerly cited as MD CODE Art. 23, § 182; MD CODE Art. 23, § 183
§ 7-106. Sale of electric plant or gas plant
(a) This section does not qualify, limit, or abridge the power and authority, or the manner of exercise of any power and authority, conferred on a municipal corporation by its charter or a special act of the General Assembly to sell, lease, exchange, or otherwise dispose of any electric plant or gas plant.
(b) This section does not apply to:
(c) Subject to subsection (d) of this section, a municipal corporation that owns an electric plant or a gas plant may sell, lease, exchange, or otherwise dispose of the plant, or any part of or interest in the plant, to any electric company or gas company on terms and conditions determined by the municipal corporation.
(d)(1) The sale, lease, exchange, or other disposition of an electric plant or a gas plant by a municipal corporation is subject to approval by the Commission.
(2) If the Commission approves the sale, lease, exchange, or other disposition, at least twice within 15 days after the date of the order of approval by the Commission, the municipal corporation shall publish notice of the sale, lease, exchange, or other disposition and of the approval by the Commission:
(e)(1) A proposed sale, lease, exchange, or other disposition of a municipally owned electric plant or gas plant shall be ratified at a special election by the affirmative vote of a majority of the residents of the municipal corporation eligible to vote at the last preceding regular election for municipal officers if a petition, subject to paragraph (2) of this subsection, is delivered to the municipal corporation requesting the municipal corporation to hold a special election for the ratification or disapproval of the proposed sale, lease, exchange, or other disposition.
(f)(1) If a petition for a special election is not delivered to the municipal corporation in accordance with subsection (e) of this section:
Credits
Added by Acts 2013, c. 119, § 3, eff. Oct. 1, 2013. Amended by Acts 2017, c. 62, § 1, eff. April 11, 2017.
MD Code, Public Utilities, § 7-106, MD PUBLIC UTIL § 7-106
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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