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Session Laws, 2006, Special Session
Volume 751, Page 106   View pdf image
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2006 LAWS OF MARYLAND
Ch. 5
7-521. THIS PART APPLIES TO AN ELECTRIC COMPANY THAT: (1)      HAS AN OBLIGATION TO PROVIDE STANDARD OFFER SERVICE TO
RESIDENTIAL ELECTRICITY CUSTOMERS IN ACCORDANCE WITH § 7-510(C) OF THIS
SUBTITLE; AND (2)      IS NOT SUBJECT TO A RATE CAP OR PRICE FREEZE UNDER § 7-505(D)
OF THIS SUBTITLE DURING THE PERIOD FOR WHICH A RATE STABILIZATION PLAN IS
REQUESTED UNDER THIS PART. 7-522. (A)     AN ELECTRIC COMPANY SUBJECT TO THIS PART MAY FILE A RATE
STABILIZATION PLAN WITH THE COMMISSION FOR APPROVAL. (B)     THE RATE STABILIZATION PLAN MAY INCLUDE BOTH SHORT-TERM AND
LONG-TERM DEFERRALS OF INCREMENTAL EXPENSES OF ELECTRICITY SUPPLIES. 7-523. (A)     THE COMMISSION MAY REQUIRE THAT A DEFERRAL OF EXPENSES UNDER
A RATE STABILIZATION PLAN BE EITHER VOLUNTARY OR MANDATORY IF THE
COMMISSION FINDS THAT THE REQUIRED TYPE OF DEFERRAL IS IN THE PUBLIC
INTEREST. (B)     THE RATE STABILIZATION PLAN MAY PROVIDE THAT A DEFERRAL SHALL
BE SECURED THROUGH THE ISSUANCE OF RATE STABILIZATION BONDS
AUTHORIZED BY A QUALIFIED RATE ORDER UNDER THIS PART. 7-524. (A)     TARIFFS IMPLEMENTING A RATE STABILIZATION PLAN MAY PROVIDE
THAT: (1)      RESIDENTIAL CUSTOMERS SHALL BE CHARGED THE FULL COST OF
RESIDENTIAL STANDARD OFFER SERVICE NECESSARY TO RECOVER THE ELECTRIC
COMPANY'S COSTS UNDER § 7- 510(C)(3) OF THIS SUBTITLE; AND (2)      ANY CREDITS OR RECOVERIES REQUIRED OR AUTHORIZED UNDER
THIS PART SHALL BE REFLECTED AS NONBYPASSABLE CREDITS OR CHARGES ON
THE ELECTRIC DISTRIBUTION PORTION OF EACH RESIDENTIAL CUSTOMER'S BILL. (B)     AS PART OF THE SUBMISSION OF A RATE STABILIZATION PLAN, AN
ELECTRIC COMPANY MAY APPLY TO THE COMMISSION FOR A QUALIFIED RATE
ORDER FOR THE FINANCING AND RECOVERY OF ITS APPROVED RATE STABILIZATION
COSTS IN ACCORDANCE WITH THIS PART. 7-525. (A) THE COMMISSION MAY AUTHORIZE AN ELECTRIC COMPANY TO RECOVER,
AS ADDITIONAL RATE STABILIZATION COSTS, THE ACTUAL COST TO THE ELECTRIC - 106 -


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Session Laws, 2006, Special Session
Volume 751, Page 106   View pdf image
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