Bill
Bill > HB505
MD HB505
Electric Companies - Regional Transmission Organizations - Membership and Report (Utility Transparency and Accountability Act)
summary
Introduced
01/24/2024
01/24/2024
In Committee
03/29/2024
03/29/2024
Crossed Over
03/18/2024
03/18/2024
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
Potential new amendment
2024 Regular Session
Bill Summary
Requiring a certain electric company to be a member of a regional transmission organization; and requiring a certain electric company, by February 1 each year, to submit a report to the Public Service Commission regarding certain votes cast by the electric company and any of its affiliates at a meeting of the regional transmission organization.
AI Summary
This bill, referred to as the Utility Transparency and Accountability Act, has the following key provisions:
1. It requires electric companies in Maryland to be members of a regional transmission organization (RTO), which is an entity that oversees the transmission of electricity across a multi-state region.
2. It requires each electric company to submit an annual report to the Public Service Commission detailing any recorded votes cast by the company or its affiliates at meetings of the RTO. The report must include a brief explanation of how each vote is in the public's interest.
3. The bill excludes municipal electric utilities from these requirements.
4. The bill is set to take effect on October 1, 2024.
The purpose of this bill is to increase transparency and accountability around electric companies' participation in RTO decision-making processes, which can have significant impacts on electricity rates and reliability for consumers.
Committee Categories
Business and Industry, Education
Sponsors (1)
Last Action
House Conference Committee Appointed (Delegates Fraser-Hidalgo, Adams and Crosby) (on 04/05/2024)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0505?ys=2024RS |
| Floor Amendment 943824/1 (Senator Hershey) Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0005/hb0505_94382401.pdf |
| Favorable with Amendments 423521/1 | https://mgaleg.maryland.gov/2024RS/amds/bil_0005/hb0505_42352101.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb0505_eee.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0505t.pdf |
| Favorable with Amendments 663621/1 Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0005/hb0505_66362101.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb0505_ecm.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0505f.pdf |
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