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VETOES
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S.B.I
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7-545. RESERVED.
7-546. RESERVED.
PART IV. RATE STABILIZATION - SPECIFIC PROVISIONS.
7-547.
THIS PART APPLIES TO AN INVESTOR-OWNED ELECTRIC COMPANY THAT HAS
AN OBLIGATION TO PROVIDE STANDARD OFFER SERVICE UNDER § 7-510(C) OF THIS
SUBTITLE TO RESIDENTIAL ELECTRIC CUSTOMERS FOR WHOM RATE CAP OR PRICE
FREEZE SERVICE ESTABLISHED UNDER A SETTLEMENT AGREEMENT APPROVED IN
ACCORDANCE WITH § 7-505(D) OF THIS SUBTITLE EXPIRES AT THE END OF JUNE 30,
2006.
7-548.
(A) (1) (I) NOTWITHSTANDING ANY OTHER PROVISION OF THIS ARTICLE,
BUT SUBJECT TO PARAGRAPHS (2) THROUGH (4) OF THIS SUBSECTION, AN ELECTRIC
COMPANY TO WHICH THIS PART APPLIES SHALL FILE TARIFFS WITH THE
COMMISSION THAT IMPLEMENT A RATE STABILIZATION PLAN CONSISTENT WITH
THIS PART.
(II) 1. THE COMMISSION SHALL REVIEW THE TARIFFS
REQUIRED UNDER SUBPARAGRAPH (I) OF THIS PARAGRAPH.
2. WITHIN 20 DAYS AFTER THE FILING OF THE TARIFFS
REQUIRED UNDER SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE COMMISSION
SHALL ISSUE AN ORDER IMPLEMENTING THE RATE STABILIZATION PLAN IN
ACCORDANCE WITH THIS PART AND PART HI OF THIS SUBTITLE.
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.
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