7-508.

(A) AN ELECTRIC COMPANY MAY TRANSFER ANY OF ITS GENERATION
FACILITIES OR GENERATION ASSETS TO AN AFFILIATE.

(B) THE TRANSFER OF A GENERATION FACILITY OR GENERATION ASSET TO
AN AFFILIATE MAY NOT AFFECT OR RESTRICT THE COMMISSION'S DETERMINATION
OF THE VALUE OF A GENERATION ASSET FOR PURPOSES OF TRANSITION COSTS OR
BENEFITS UNDER § 7-513(B) OF THIS SUBTITLE.

(C) (1) THIS SUBSECTION IS IN EFFECT UNTIL THE LATER OF THE DATE
WHEN:

(I) ALL CUSTOMERS OF THE ELECTRIC COMPANY ARE ELIGIBLE
FOR CUSTOMER CHOICE UNDER § 7-510 OF THIS SUBTITLE; AND

(II) THE AMOUNT OF TRANSITION COSTS OR BENEFITS ARISING
FROM THE GENERATION TO BE TRANSFERRED HAS BEEN FINALLY DETERMINED BY
THE COMMISSION UNDER § 7-513(A) THROUGH (C) OF THIS SUBTITLE.

(2) THE COMMISSION MAY REVIEW AND APPROVE THE TRANSFER FOR
THE SOLE PURPOSE OF DETERMINING:

(I) THAT THE APPROPRIATE ACCOUNTING HAS BEEN FOLLOWED;

(II) THAT THE TRANSFER DOES NOT OR WOULD NOT RESULT IN AN
UNDUE ADVERSE EFFECT ON THE PROPER FUNCTIONING OF A COMPETITIVE
ELECTRICITY SUPPLY MARKET; AND

(III) THE APPROPRIATE TRANSFER PRICE AND RATE MAKING

TREATMENT.

(3) THE COMMISSION SHALL ACT ON THE TRANSFER OF A GENERATION
FACILITY OR GENERATION ASSET UNDER THIS SUBSECTION WITHIN 180 DAYS
AFTER THE ELECTRIC COMPANY FILES ITS PROPOSED TRANSFER APPLICATION AND
ANY REQUIRED SUPPORTING INFORMATION

7-509.

(A) (1) ON AND AFTER THE INITIAL IMPLEMENTATION DATE, THE
GENERATION, SUPPLY, AND SALE OF ELECTRICITY, INCLUDING ALL RELATED
FACILITIES AND ASSETS, MAY NOT BE REGULATED AS AN ELECTRIC COMPANY
SERVICE OR FUNCTION EXCEPT TO:

(I) ESTABLISH THE PRICE FOR STANDARD OFFER SERVICE UNDER
§ 7-510(C) OF THIS SUBTITLE; AND

(II) REVIEW AND APPROVE TRANSFERS OF GENERATION ASSETS
UNDER § 7-508 OF THIS SUBTITLE.

(2) THIS SUBSECTION DOES NOT APPLY TO:

(I) REGULATION OF AN ELECTRICITY SUPPLIER UNDER § 7-507 OF
THIS SUBTITLE; OR