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Bill > SB756


MD SB756

Electric Companies, Gas Companies, Gas and Electric Companies, and Water Companies - Periodic Audits


summary

Introduced
01/31/2025
In Committee
01/31/2025
Crossed Over
Passed
Dead
04/08/2025

Introduced Session

2025 Regular Session

Bill Summary

Requiring each electric company, gas company, gas and electric company, and water company in the State to submit an audit of utility operations, customer usage, and customer billing to the Public Service Commission every 3 years beginning December 31, 2026; and requiring the Commission to post the audit on its website.

AI Summary

This bill requires electric, gas, and water utility companies in Maryland to submit comprehensive periodic audits to the Public Service Commission (PSC) every three years, beginning on December 31, 2026. The audits must cover a three-year period and include detailed information such as customer rate changes, analysis of factors influencing rate fluctuations, customer usage patterns, billing trends, descriptions of billing practices and policies, and any additional information the PSC requires. The PSC will be responsible for determining the specific format of these audits and must publish each submitted audit on its public website. This legislation aims to increase transparency in utility operations by providing stakeholders with regular, detailed insights into how utility companies are operating, pricing their services, and serving customers. The bill is set to take effect on October 1, 2025, giving utility companies time to prepare for the new reporting requirements.

Committee Categories

Education

Sponsors (1)

Last Action

Senate Education, Energy, and the Environment Hearing (13:00:00 2/20/2025 ) (on 02/20/2025)

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