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Session Laws, 2006, Special Session
Volume 751, Page 152   View pdf image
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VETOES
S.B. 1
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. (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.
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Session Laws, 2006, Special Session
Volume 751, Page 152   View pdf image
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