§ 7-501. Definitions
West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Public Utilities, § 7-501
Formerly cited as MD PUBLIC UTIL COMP § 7-501
§ 7-501. Definitions
(b) “Affiliate” means a person that directly or indirectly, or through one or more intermediaries, controls, is controlled by, or is under common control with, or has, directly or indirectly, any economic interest in another person.
(c)(1) “Assignee” means a person to whom an electric company assigns or transfers all or a portion of its interest in intangible transition property, other than as security.
(d) “Competitive transition charge” means a rate, charge, credit, or other appropriate mechanism authorized to be imposed for the recovery of transition costs as determined by the Commission under § 7-513 of this subtitle.
(f) “Customer choice” means the right of electricity suppliers and customers to utilize and interconnect with the electric distribution system on a nondiscriminatory basis at rates, terms, and conditions of service comparable to the electric company's own use of the system to distribute electricity from an electricity supplier to a customer, under which a customer has the opportunity to purchase electricity from the customer's choice of licensed electricity suppliers.
(g) “Distribution territory” means the geographic area in which an electric company was providing electric transmission or distribution services to customers on July 1, 1999.
(h) “Independent system operator” means an entity authorized by the Federal Energy Regulatory Commission to control a regional transmission grid.
(i) “Initial implementation date” means:
(j) “Intangible transition charge” means a nonbypassable rate, charge, or similar appropriate mechanism for the provision, availability, or termination of electric service, authorized to be imposed for the recovery of qualified transition costs under a qualified rate order of the Commission.
(k) “Intangible transition property” means the right, title, and interest of an electric company or assignee in a qualified rate order, including:
(l)(1) “Public purpose program” means a program implemented with the intention of furthering a public purpose.
(m) “Qualified rate order” means an order of the Commission approving one or more intangible transition charges.
(n) “Standard offer service” means electric service that an electric company must offer to its customers under § 7-510(c) of this subtitle.
(o) “Transition bond” means a bond, debenture, note, certificate of participation or beneficial interest, or other evidence of indebtedness or ownership, approved in a qualified rate order and issued under an executed trust indenture or other agreement of an electric company or assignee, and which is secured by, evidences ownership interest in, or is payable from intangible transition property.
(p) “Transition cost” means a cost, liability, or investment that:
(q)(1) “Universal service program” means a program that helps low-income customers maintain electric service.
Added by Acts 1999, c. 3, § 1, eff. July 1, 1999; Acts 1999, c. 4, § 1, eff. July 1, 1999. Amended by Acts 2000, c. 61, § 1, eff. April 25, 2000; Acts 2019, c. 305, § 1, eff. Oct. 1, 2019.
MD Code, Public Utilities, § 7-501, MD PUBLIC UTIL § 7-501
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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