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Ch. 5 2006 LAWS OF MARYLAND
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3. THE ORDER ISSUED BY THE COMMISSION SHALL INCLUDE
A REQUIREMENT THAT THE ELECTRIC COMPANY ESTABLISH REGULATORY ASSETS
TO ACCOUNT FOR THE RATE STABILIZATION COSTS DEFERRED UNDER THE RATE
STABILIZATION PLAN.
(2) UNDER THE RATE STABILIZATION PLAN, THE RESIDENTIAL
STANDARD OFFER SERVICE RATE SHALL RECOVER THE COSTS TO THE ELECTRIC
COMPANY UNDER § 7-510(0(3) OF THIS SUBTITLE DEFERRED DURING THE PERIOD
JULY 1, 2006 THROUGH MAY 31, 2007.
(3) ANY CREDIT OR CHARGES TO THE COST OF STANDARD OFFER
SERVICE FOR RESIDENTIAL ELECTRIC CUSTOMERS REQUIRED OR AUTHORIZED
UNDER THIS PART SHALL BE INCLUDED AS A NONBYPASSABLE CREDIT OR CHARGE
ON THE ELECTRIC DISTRIBUTION PORTION OF THE BILL OF EACH RESIDENTIAL
ELECTRIC CUSTOMER OF THE ELECTRIC COMPANY.
(4) AN ELECTRIC COMPANY MAY APPLY TO THE COMMISSION FOR A
QUALIFIED RATE ORDER UNDER PART III OF THIS SUBTITLE FOR THE FINANCING
AND RECOVERY OF ITS RATE STABILIZATION COSTS.
(B) (1) THE INCREASE IN THE TOTAL RATES CHARGED TO EACH
RESIDENTIAL ELECTRIC CUSTOMER ON STANDARD OFFER SERVICE, AS COMPARED
WITH THE TOTAL RATES FOR RESIDENTIAL ELECTRIC CUSTOMERS IN EFFECT ON
JUNE 30, 2006, SHALL BE:
(I) FROM JULY 1, 2006 THROUGH MAY 31, 2007, 15% OF THE TOTAL
RATE IN EFFECT ON JUNE 30, 2006; AND
(II) FROM JUNE 1, 2007 IN AN AMOUNT DETERMINED BY THE
COMMISSION UNDER § 7-510 OF THIS SUBTITLE, AT THE OPTION OF THE CUSTOMER
TO:
1. THE FULL MARKET RATE; OR
2. AN INTERMEDIATE LEVEL UNDER AN OPT-IN
SHORT-TERM RATE STABILIZATION PLAN AS ALLOWED UNDER § 7-510(C) OF THIS
SUBTITLE WHICH WILL SMOOTH THE TRANSITION TO THE FULL MARKET RATE FOR
RESIDENTIAL CUSTOMERS WITHOUT ADVERSELY AFFECTING THE
CREDITWORTHINESS OF THE ELECTRIC COMPANY.
(2) STANDARD OFFER SERVICE FOR RESIDENTIAL ELECTRIC
CUSTOMERS SHALL BE AT FULL MARKET RATES UNDER THIS PART STARTING JUNE
JANUARY 1, 2008.
(3) A RATE STABILIZATION COST MAY NOT BE RECOVERED BEFORE
JANUARY 1, 2007.
(4) FOR PURPOSES OF CALCULATING THE RATES TO BE CHARGED
UNDER PARAGRAPH (1) OF THIS SUBSECTION, THE RATE STABILIZATION CHARGE
MAY NOT BE CONSIDERED TO BE PART OF THE TOTAL RATES CHARGED TO
RESIDENTIAL ELECTRIC CUSTOMERS.
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