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2007 Laws of Maryland
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Ch. 560
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tenants are low- and moderate-income individuals; requiring the rate
mitigation plan or rate stabilization plan to apply to increases in electricity
rates that will take effect on or after a certain date; making this Act an
emergency measure; defining a certain term,. the Office of Home Energy
Programs in the Department of Human Resources, and the Office of People's
Counsel to meet to discuss certain options for expanding the electric universal
service program to include assistance to certain low-income residential tenants
of apartments and low-income residential condominium owners who are not
actual customers of an electric company; specifying items that the agencies shall
consider in discussing certain options; requiring the Commission to report to
certain committees by a certain date; and generally relating to electricity rates a
study of expanding the electric universal service program for residential tenants
and condominium owners of nonresidential customers.
BY repealing and reenacting, with amendments,
Article -Public Utility Companies
Annotated Code of Maryland
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BY adding to
Article - Public Utility Companies
Section 7-591(n)
Annotated Code of Maryland
(1998 Volume and 2006 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Public Utility Companies
7-501.
(N) "RESIDENTIAL CUSTOMER" INCLUDES A RESIDENTIAL TENANT OF A
NONRESIDENTIAL CUSTOMER.
[(n)] (O) "Standard offer service" means electric service that an electric
company must offer to its customers under §7-510(e) of this subtitle.
[(o)](P) "Transition bond" means a bond, debenture, note, certificate of
participation or beneficial interest, or other evidence of indebtedness or ownership,
approved in a qualified rate order and issued under an executed trust indenture or
other agreement of an electric company or assignee, and which is secured by,
evidences ownership interest in, or is payable from intangible transition property.
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- 3642 -
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