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ROBERT L. EHRLICH, JR., Governor Ch. 5
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providing a term of office for the People's Counsel; providing for the extension of
the obligation to provide standard offer service to certain electric customers;
requiring the Commission to report to the Governor and the General Assembly
on the status of standard offer service on certain dates; requiring the
Commission to adopt certain regulations concerning the wholesale procurement
of electricity for standard offer service to certain customers; altering certain
findings and terms for certain extended service; requiring certain electric
companies to obtain electricity supply for certain extended service to certain
customers in certain manners; authorizing the Commission to take certain
actions concerning certain competitive auctions and implementation of certain
electricity rates; authorizing the procurement of electricity supply for certain
service in certain manners, including by a competitive process that includes
certain methods and strategies and by negotiated bilateral contracts;
authorizing the rejection of certain bids in accordance with certain standards;
requiring the disclosure of certain information concerning certain bids and
contracts; authorizing the Commission to require or allow the construction or
acquisition of certain facilities by certain electric companies; requiring the
Commission to conduct certain proceedings if certain electric rates are to
increase by certain amounts; authorizing the recovery of certain deferred costs
in certain manners in accordance with certain plans and certain provisions;
altering the amount and sources of funds to be assessed for the Electric
Universal Service Program each year; altering the eligibility of certain
customers for the Program; authorizing bill assistance under the Program to be
paid on a monthly basis; requiring the collection of certain funds for the
Program in a certain manner; authorizing an electric company to file certain
rate stabilization plans and tariffs with the Commission; providing for the
deferral and collection of certain costs and expenses; providing for the
establishment and characteristics of rate stabilization property; providing for
the issuance of qualified rate orders for certain purposes under certain
circumstances; providing for the issuance of certain rate stabilization bonds for
certain purposes; providing for the establishment, collection, and adjustment of
certain rate stabilization charges in certain manners; providing for certain
property rights in certain rate stabilization property; providing that certain
transfers of certain property are true sales; requiring disclosure of certain
information to certain consumers in a certain manner; providing for certain
actions in the event of certain defaults; establishing certain rights and duties for
a successor to an electric company for certain purposes; establishing certain
maximum rates for certain residential electric customers for certain periods;
providing for the deferral and collection of certain costs and expenses of certain
electric companies related to those customers in certain manners; providing for
the determination and application of certain credits of a certain amount for a
certain number of years by certain electric companies in certain manners;
providing that this Act binds the Commission and any successor body in a
certain manner; repealing a credit against the corporate income tax for certain
property taxes paid on certain operating real property used to generate
electricity for sale; providing for the distribution of certain corporate income tax
revenue for a certain fiscal year to a certain special fund; altering certain
provisions relating to acquisition and issuance of stock and debt by certain
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- 95 -
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