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Martin O'Malley, Governor
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Ch. 549
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(1) requiring or allowing investor-owned electric companies to
purchase electricity by competitive or negotiated contracts of various durations or
through other appropriate methods to minimize price volatility;
(2) requiring or allowing investor-owned electric companies to
construct, acquire, or lease peak-load or other generating plants and associated
transmission lines;
(3) IN ORDER TO ENCOURAGE THE PROCUREMENT AND
IMPLEMENTATION OF COST-EFFECTIVE ENERGY EFFICIENCY AND
CONSERVATION PROGRAMS AND SERVICES:
(I) providing a process, at the time bids by investor-owned
electric companies for electricity supply are obtained for the standard offer service, to
solicit bids for the procurement of COST-EFFECTIVE energy efficiency and
conservation measures PROGRAMS and services if energy efficiency and conservation
measures PROGRAMS and services are less expensive than electricity generation; AND
(II) ESTABLISHING A LONG-TERM GOAL FOR SAVINGS OVER
A PERIOD OF TIME OF THE TOTAL RESIDENTIAL RETAIL ENERGY CONSUMED IN
A YEAR IN AN ELECTRIC COMPANY'S SERVICE TERRITORY THROUGH THE
PROCUREMENT AND IMPLEMENTATION OF COST-EFFECTIVE ENERGY
EFFICIENCY AND CONSERVATION PROGRAMS AND SERVICES UNDER §§ 7-211
AND 7-510(C)(4)(II)2C OF THE PUBLIC UTILITY COMPANIES ARTICLE:
(4) providing a process to allow investor-owned electric companies to
obtain a portion of its electricity supply for standard offer service through the
negotiation of bilateral contracts with wholesale electricity suppliers, either in
conjunction with or outside of procurement through competitive wholesale auctions;
(5) allowing opt-out aggregation of residential electric customer
demand AND SMALL COMMERCIAL ELECTRIC CUSTOMER DEMAND by local
governments in the service territories of investor-owned electric companies; AND
(6) ESTABLISHED AN OFFICE OF RETAIL MARKET
DEVELOPMENT; AND
(7) REQUIRING INVESTOR-OWNED ELECTRIC COMPANIES TO
PURCHASE ACCOUNTS RECEIVABLE OF ELECTRICITY SUPPLIERS FOR
RESIDENTIAL AND SMALL COMMERCIAL ACCOUNTS.
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- 3599 -
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