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ROBERT L. EHRLICH, JR., Governor Ch. 5
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COMPANY OF CARRYING THE DEFERRED EXPENSES AS REGULATORY ASSETS UNDER
SHORT-TERM AND LONG-TERM DEFERRAL PLANS.
(B) THE ACTUAL COST IS EQUAL TO THE DEFERRED EXPENSES AS
REGULATORY ASSETS MULTIPLIED BY THE ELECTRIC COMPANY'S COST OF DEBT.
(C) IF THE ELECTRIC COMPANY SECURES THE DEBT IN ACCORDANCE WITH
THIS PART, THE COST OF THE SECURED DEBT IS SUBSTITUTED FOR THE ELECTRIC
COMPANY'S COST OF DEBT.
7-526.
(A) AN ELECTRIC COMPANY MAY APPLY TO THE COMMISSION FOR A
QUALIFIED RATE ORDER FOR THE FINANCING AND RECOVERY OF ITS RATE
STABILIZATION COSTS.
(B) ON APPLICATION OF AN ELECTRIC COMPANY, THE COMMISSION MAY
ADOPT A QUALIFIED RATE ORDER IF THE COMMISSION FINDS THAT THE TOTAL
AMOUNT OF REVENUE TO BE COLLECTED UNDER THE QUALIFIED RATE ORDER IS
LESS THAN THE RATE STABILIZATION COSTS REVENUE THAT WOULD BE RECOVERED
OVER THE SAME PERIOD USING THE ELECTRIC COMPANY'S WEIGHTED AVERAGE
COST OF CAPITAL.
(C) THE RATE STABILIZATION COSTS TO BE FINANCED AND RECOVERED
UNDER A QUALIFIED RATE ORDER MAY BE REDUCED BY FUNDS CONTRIBUTED FROM
OTHER SOURCES.
7-527.
(A) THE QUALIFIED RATE ORDER SHALL SET FORTH THE RATE
STABILIZATION COSTS TO BE RECOVERED AND THE PERIOD OVER WHICH THE
NONBYPASSABLE QUALIFIED RATE STABILIZATION CHARGES SHALL BE RECOVERED.
(B) THE RECOVERY PERIOD MAY NOT EXCEED 12 YEARS.
7-528.
(A) A QUALIFIED RATE ORDER SHALL BECOME EFFECTIVE IN ACCORDANCE
WITH ITS TERMS.
(B) AFTER A QUALIFIED RATE ORDER BECOMES EFFECTIVE, THE QUALIFIED
RATE ORDER AND THE QUALIFIED RATE STABILIZATION CHARGES AUTHORIZED IN
THE QUALIFIED RATE ORDER ARE IRREVOCABLE AND ARE NOT SUBJECT TO
REDUCTION, IMPAIRMENT, OR ADJUSTMENT BY FURTHER ACTION OF THE
COMMISSION EXCEPT IN ACCORDANCE WITH §§ 7-531, 7-533, AND 7-534 OF THIS
SUBTITLE.
(C) (1) A QUALIFIED RATE ORDER IS NOT SUBJECT TO REHEARING BY THE
COMMISSION.
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