Bill > SB434

This bill, known as the Co-Op and Condo Energy Refund Equity Act, modifies how certain compliance fee revenue collected by the Maryland Strategic Energy Investment Fund can be used, specifically to provide refunds or credits to residential customers for their electric service in fiscal year 2027. The bill clarifies that "residential distribution customers" now explicitly include members of cooperative housing corporations and owners of condominium units, and it outlines a process for these refunds or credits to be distributed through the governing bodies of these corporations and condominium associations. Furthermore, it mandates that a portion of these funds be used for additional refunds or credits specifically for members of cooperative housing corporations and condominium owners in fiscal year 2027, provided they did not receive a prior refund or credit from 2025 legislation, with these additional funds to be distributed equally between peak summer and winter months.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0434?ys=2026RS