§ 7-520. Definitions
West's Annotated Code of MarylandPublic UtilitiesEffective: March 22, 2007
Effective: March 22, 2007
MD Code, Public Utilities, § 7-520
Formerly cited as MD PUBLIC UTIL COMP § 7-520
§ 7-520. Definitions
(b) “Assignee” means any individual, corporation, or other legally recognized entity to which an electric company transfers all or a portion of its interest in rate stabilization property, other than as security, including any assignee of that party.
(d) “Qualified rate order” means an order of the Commission approving one or more qualified rate stabilization charges.
(e) “Qualified rate stabilization charge” means that portion of a usage-based nonbypassable rate, charge, or similar appropriate mechanism for the provision, availability, or termination of electric service, approved in connection with a rate stabilization plan in accordance with § 7-522 or § 7-548 of this subtitle, that a qualified rate order of the Commission authorizes to be imposed for the recovery of rate stabilization costs.
(f) “Rate stabilization bond” means a bond, debenture, note, certificate of participation or beneficial interest, or other evidence of indebtedness or ownership that:
(g)(1) “Rate stabilization cost” means a cost, liability, or investment that an electric company incurs or will incur under a rate stabilization plan approved by the Commission.
(h) “Rate stabilization plan” means a plan approved by the Commission in accordance with this part.
(i)(1) “Rate stabilization property” means the right, title, and interest of an electric company or assignee in a qualified rate order.
(i) all rights in, to, and under a qualified rate order, including the right to impose and collect rate stabilization charges and rights to revenues, collections, claims, payments, money, or other property and amounts arising from the imposition of rate stabilization charges under the qualified rate order; and
Added by Acts 2006, 1st Sp. Sess., c. 5, § 1, eff. June 23, 2006. Amended by Acts 2007, c. 4, § 1, eff. March 22, 2007.
MD Code, Public Utilities, § 7-520, MD PUBLIC UTIL § 7-520
Current with legislation effective through June 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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