Bill > HB1035

This bill, known as the Next Generation Energy Act, is a comprehensive piece of legislation aimed at transforming Maryland's energy landscape by promoting clean energy, supporting infrastructure improvements, and providing financial relief to residents. The key provisions include authorizing the Department of Housing and Community Development to issue loans and grants for reducing greenhouse gas emissions in multifamily residential buildings, establishing a goal of 150 megawatts of energy storage devices, creating a process for procuring dispatchable energy generation and large capacity energy resources, and implementing a mechanism for zero-emission credits for nuclear energy. The bill also includes provisions for a legislative energy relief refund, which will provide credits to residential electric utility customers using alternative compliance fees from the Maryland Strategic Energy Investment Fund. Additionally, the legislation modifies the renewable energy portfolio standard, updates definitions of energy sources, and supports the potential extension of the Calvert Cliffs Nuclear Power Plant's licenses. The bill aims to balance energy reliability, environmental sustainability, and consumer affordability by introducing new mechanisms for energy generation, storage, and financial support for residents.

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https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1035?ys=2025RS