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ROBERT L. EHRLICH, JR., Governor S.B. 1
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2. A DEFERRAL OF COSTS UNDER THIS PARAGRAPH MUST BE
JUST, REASONABLE, AND IN THE PUBLIC INTEREST.
(III) THE COMMISSION SHALL APPROVE THE RECOVERY OF
DEFERRED COSTS UNDER SUBPARAGRAPH (II) OF THIS PARAGRAPH AS:
1. LONG-TERM RECOVERY IN ACCORDANCE WITH A RATE
STABILIZATION PLAN UNDER PART III OF THIS SUBTITLE; OR
2. SHORT-TERM RECOVERY THROUGH A RATE PROCEEDING
UNDER TITLE 4 OF THIS ARTICLE MECHANISM APPROVED BY THE COMMISSION.
(IV) THE COMMISSION MAY APPROVE A PHASING IN OF INCREASED
COSTS BY:
1. PLACING A CAP ON RATES AND ALLOWING RECOVERY
OVER TIME; OR
2. ALLOWING RATES TO INCREASE AND PROVIDING FOR A
REBATE TO CUSTOMERS OF ANY EXCESS COSTS PAID.
(8) (I) THE COMMISSION, ON REQUEST BY AN ELECTRIC
COOPERATIVE OR ON ITS OWN INITIATIVE, SHALL INITIATE A PROCEEDING TO
INVESTIGATE OPTIONS FOR A RATE STABILIZATION PLAN TO ASSIST RESIDENTIAL
ELECTRIC CUSTOMERS TO GRADUALLY ADJUST TO MARKET RATES OVER AN
EXTENDED PERIOD OF TIME.
(II) IF AN ELECTRIC COOPERATIVE DETERMINES THAT TOTAL
ELECTRIC RATES FOR RESIDENTIAL CUSTOMERS ARE ANTICIPATED TO INCREASE BY
MORE THAN 20% IN A 12-MONTH PERIOD RESULTING FROM AN INCREASE IN THE
COST OF GENERATION, THE ELECTRIC COOPERATIVE SHALL SURVEY ITS
MEMBERSHIP TO DETERMINE WHETHER TO MAKE A REQUEST TO THE COMMISSION
TO INITIATE A PROCEEDING UNDER SUBSECTION (A) OF THIS SECTION.
(III) NOTWITHSTANDING SUBPARAGRAPHS (I) AND (II) OF THIS
PARAGRAPH, AS APPROVED BY THE COMMISSION, AN ELECTRIC COOPERATIVE MAY
RECEIVE A MODIFICATION IN DISTRIBUTION AND TRANSMISSION RATES.
7-512.1.
(a) (1) The Commission shall establish an electric universal service program
to assist electric customers with annual incomes at or below [150%] 175% of the
federal poverty level.
(2) The components of the electric universal service program shall
include:
(i) bill assistance, at a minimum of 50% of the determined need;
(ii) low-income weatherization; and
(iii) the retirement of arrearages for electric customers who have not
previously received assistance in retiring arrearages under the universal service
program, not to exceed a total of $1.5 million in any given fiscal year.
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