7-502. RESERVED,
7-503. RESERVED.

PART II. ELECTRIC INDUSTRY RESTRUCTURING ENABLED.

7-504.

THE GENERAL ASSEMBLY FINDS AND DECLARES THAT THE PURPOSE OF THIS
SUBTITLE IS TO:

(1) ESTABLISH CUSTOMER CHOICE OF ELECTRICITY SUPPLY AND
ELECTRICITY SUPPLY SERVICES;

(2) CREATE COMPETITIVE RETAIL ELECTRICITY SUPPLY AND
ELECTRICITY SUPPLY SERVICES MARKETS;

(3) DEREGULATE THE GENERATION, SUPPLY, AND PRICING OF
ELECTRICITY;

(4) PROVIDE ECONOMIC BENEFITS FOR ALL CUSTOMER CLASSES; AND

(5) ENSURE COMPLIANCE WITH FEDERAL AND STATE ENVIRONMENTAL
STANDARDS.

7-505.

(A) (1) IN ASSESSING AND APPROVING EACH ELECTRIC COMPANY'S
RESTRUCTURING PLAN,. AND OVERSEEING THE TRANSITION PROCESS AND
REGULATION OF THE RESTRUCTURED ELECTRIC INDUSTRY, THE COMMISSION
SHALL PROVIDE THAT THE TRANSITION TO A COMPETITIVE ELECTRICITY SUPPLY
AND ELECTRICITY SUPPLY SERVICES MARKET SHALL BE ORDERLY, MAINTAIN
ELECTRIC SYSTEM RELIABILITY, AND ENSURE COMPLIANCE WITH FEDERAL AND
STATE ENVIRONMENTAL REGULATIONS, BE FAIR TO CUSTOMERS, ELECTRIC
COMPANY INVESTORS, CUSTOMERS OF MUNICIPAL ELECTRIC UTILITIES, ELECTRIC
COMPANIES, AND ELECTRICITY SUPPLIERS, AND PROVIDE ECONOMIC BENEFITS TO
ALL CUSTOMER CLASSES.

(2) THE COMMISSION SHALL CONSIDER THE RESTRUCTURING PLANS
OF MUNICIPAL ELECTRIC UTILITIES, AS SPECIFIED UNDER § 7-510 OF THIS
SUBTITLE.

(B) (1) THE COMMISSION SHALL ISSUE THE ORDERS OR ADOPT THE
REGULATIONS REQUIRED UNDER THIS SUBSECTION BEFORE THE
IMPLEMENTATION OF CUSTOMER CHOICE.

(2) THE COMMISSION SHALL ORDER A UNIVERSAL SERVICE PROGRAM,
TO BE MADE AVAILABLE ON A STATEWIDE BASIS, TO BENEFIT LOW-INCOME
CUSTOMERS, IN ACCORDANCE WITH § 7-512.1 OF THIS SUBTITLE.

(3) THE COMMISSION SHALL ORDER AN ELECTRIC COMPANY TO ADOPT
POLICIES AND PRACTICES REASONABLY DESIGNED TO PREVENT: