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Session Laws, 2006, Special Session
Volume 751, Page 108   View pdf image
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Ch. 5                                       2006 LAWS OF MARYLAND
(2)      A QUALIFIED RATE ORDER MAY BE REVIEWED BY APPEAL ONLY TO
THE CIRCUIT COURT OF BALTIMORE CITY BY A PARTY TO THE PROCEEDING FILED
WITHIN 15 DAYS AFTER THE QUALIFIED RATE ORDER IS SIGNED BY THE
COMMISSION. (3)      THE JUDGMENT OF THE CIRCUIT COURT MAY BE REVIEWED ONLY
BY DIRECT APPEAL TO THE COURT OF APPEALS OF MARYLAND FILED WITHIN 15
DAYS AFTER ENTRY OF JUDGMENT. (4)      ALL APPEALS SHALL BE HEARD AND DETERMINED BY THE CIRCUIT
COURT AND BY THE COURT OF APPEALS OF MARYLAND AS EXPEDITIOUSLY AS
POSSIBLE WITH LAWFUL PRECEDENCE OVER OTHER MATTERS. (5)      REVIEW ON APPEAL SHALL BE BASED SOLELY ON THE RECORD
BEFORE THE COMMISSION AND BRIEFS TO THE COURTS AND SHALL BE LIMITED TO
WHETHER THE QUALIFIED RATE ORDER CONFORMS TO THE CONSTITUTION AND
LAWS OF THIS STATE AND THE UNITED STATES AND IS WITHIN THE AUTHORITY OF
THE COMMISSION UNDER THIS SUBTITLE. (6)      THE REVIEW PROCESS IN THIS SUBSECTION SHALL BE THE
EXCLUSIVE REMEDY TO CHALLENGE OR REVIEW A QUALIFIED RATE ORDER 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.
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Session Laws, 2006, Special Session
Volume 751, Page 108   View pdf image
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