in determining certain costs and benefits; requiring a certain electric company
to continue purchasing electricity under a certain contract under certain
circumstances; requiring the Commission, in consultation with the Maryland
Energy Administration, to report by a certain date on the feasibility of requiring
certain renewable portfolio standards; altering the imposition of the
environmental surcharge to certain customers; allowing an electric company to
transfer or sell certain generation facilities or assets in a certain manner,
subject to certain review by the Commission for certain purposes; providing for
the opportunity to recover certain costs by certain means and secured or
obtained in certain manners; requiring the phased implementation of customer
choice for electric customers in the State in a certain manner by certain dates,
subject to Commission determination and certain contingencies; establishing
the obligation of an electric company to serve customers after a certain date;
requiring the implementation of competitive metering and billing on certain
dates; providing for investigation of market power in certain manners, subject to
certain remedial action by the Commission; providing for reciprocity of customer
choice with respect to certain other jurisdictions; providing for certain
long-range planning for certain regulated utility services only; requiring certain
tariff and rate filings for certain regulated utility services only; eliminating a
certain required plan on the State's generating needs; altering certain criteria
for obtaining a certificate of public convenience and necessity for a generating
station; requiring the Secretary of Natural Resources to use certain funds for
certain purposes; providing that certain provisions of the Uniform Commercial
Code do not apply to certain property; providing for the adoption of certain
regulations; defining certain terms; extending to a certain date the termination
date of the Environmental Trust Fund; extending the termination date of a
certain surcharge; requiring the Attorney General, Division of Consumer
Protection, to develop and maintain certain information in a certain manner;
providing that provisions of this Act are severable; providing for the effective
date of a portion of this Act; and generally relating to restructuring of the
electric utility industry.

BY repealing and reenacting, with amendments,
Article - Public Utility Companies

Section 1-101, 2-110, 2-118, 4-201, 4-202, 7-201, 7-203, 7-207, and 7-211
Annotated Code of Maryland
(1998 Volume)

BY adding to

Article - Public Utility Companies

Section 7-501 through 7-518, inclusive, to be under the new subtitle "Subtitle 5.
Electric Industry Restructuring"

Annotated Code of Maryland

(1998 Volume)

BY repealing and reenacting, with amendments,
Article — Commercial Law