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ROBERT L. EHRLICH, JR., Governor
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S.B.I
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7-529.
THE COMMISSION SHALL MAKE A FINAL DECISION ON THE ISSUANCE OF A
QUALIFIED RATE ORDER UNDER THIS PART NO LATER THAN 60 DAYS AFTER THE
ELECTRIC COMPANY FILES ITS REQUEST FOR THE QUALIFIED RATE ORDER
7-530.
A QUALIFIED RATE ORDER APPROVED BY THE COMMISSION SHALL INCLUDE
TERMS ENSURING THAT THE IMPOSITION AND COLLECTION OF QUALIFIED RATE
STABILIZATION CHARGES AUTHORIZED IN THE ORDER ARE NONBYPASSABLE.
7-531.
THE COMMISSION SHALL ESTABLISH SPECIFIC PROCEDURES AND TIME
FRAMES FOR THE REVIEW AND ADJUSTMENT OF QUALIFIED RATE STABILIZATION
CHARGES AT LEAST ONCE EACH YEAR, WITHIN 90 DAYS BEFORE THE ANNIVERSARY
DATE OF THE ISSUANCE OF THE RATE STABILIZATION BONDS, TO CORRECT ANY
OVERCOLLECTIONS OR UNDERCOLLECTIONS OF THE PRECEDING 12 MONTHS AND
TO ENSURE THE EXPECTED RECOVERY OF AMOUNTS SUFFICIENT TO TIMELY
PROVIDE ALL PAYMENTS OF DEBT SERVICE AND OTHER REQUIRED AMOUNTS AND
CHARGES IN CONNECTION WITH THE RATE STABILIZATION BONDS.
7-532.
(A) A QUALIFIED RATE ORDER SHALL TERMINATE AND EXPIRE 1 YEAR AFTER
THE DATE OF ITS ADOPTION IF, DURING THAT PERIOD, NO RATE STABILIZATION
BONDS AUTHORIZED IN THE QUALIFIED RATE ORDER SHALL HAVE BEEN ISSUED.
(B) THIS PERIOD SHALL BE EXTENDED BY ANY PERIOD DURING WHICH
JUDICIAL PROCEEDINGS FOR REVIEW MAY BE PENDING IN ACCORDANCE WITH §
7-528(C) OF THIS SUBTITLE.
7-533.
(A) AT THE REQUEST OF AN ELECTRIC COMPANY, THE COMMISSION MAY
ADOPT A QUALIFIED RATE ORDER PROVIDING FOR RETIRING AND REFUNDING RATE
STABILIZATION BONDS IF THE COMMISSION FINDS THAT THE FUTURE QUALIFIED
RATE STABILIZATION CHARGES REQUIRED TO SERVICE THE NEW RATE
STABILIZATION BONDS, INCLUDING TRANSACTION COSTS, WILL BE LESS THAN THE
FUTURE QUALIFIED RATE STABILIZATION CHARGES REQUIRED TO SERVICE THE
RATE STABILIZATION BONDS BEING REFUNDED.
(B) ON THE RETIREMENT OF THE REFUNDED RATE STABILIZATION BONDS,
THE COMMISSION SHALL ADJUST THE RELATED QUALIFIED RATE STABILIZATION
CHARGES ACCORDINGLY.
7-534.
(A) AT THE REQUEST OF AN ELECTRIC COMPANY, THE COMMISSION MAY
MODIFY AN EXISTING QUALIFIED RATE ORDER, OR ISSUE AN ADDITIONAL
QUALIFIED RATE ORDER, PROVIDING FOR THE ISSUANCE OF:
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- 4107 -
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