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Ch. 19/2;
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LAWS OF MARYLAND
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844
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CHAPTER 192
(House Bill 245)
AN ACT concerning
Public Service Commission -
Fuel and Purchased Power Rate Adjustments
FOR the purpose of extending the time period by which the final
order of the Public Service Commission shall be issued with
respect to adjustments to fuel and purchased power rates.
BY repealing and reenacting, with amendments,
Article 78 - Public Service Commission Law
Section 54F(c)
Annotated Code of Maryland
(1980 Replacement Volume and 1982 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 78 - Public Service Commission Law
54F.
(c) Notwithstanding any other provisions of this article,
upon application by an electric company, meeting the criteria of
subsection (a) of this section, for permission and authority to
adjust its rates and charges based solely upon the actual cost of
fuel per kilowatt hour sold, the Commission may suspend such
proposed adjustment for a period not to exceed 30 days beyond the
filing of such application to adjust rates. The Commission shall
promptly investigate applications filed pursuant to this
subsection and shall commence public evidentiary hearings within
30 days of the date of the filing of the application to consider
such application, and shall base its order upon the record
adduced at the hearings. The Commission's final order shall be
issued promptly but in no event later than [90] 120 days after
the filing of the application. If the suspension period
terminates before the final order is issued, the order shall
provide for refunds of any difference between the rate the
utility charged and the rate established by the final order.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 10, 1983.
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