Bill > SB598

This bill, also known as the SAVINGS Act, requires electric companies to submit cost containment plans to the Public Service Commission (PSC) by January 1, 2027, and every three years thereafter, with the PSC having the flexibility to adjust these deadlines if plans are submitted as part of other rate or system planning applications. These plans must detail strategies to avoid or minimize capital expenditures on the electric distribution and transmission systems by incorporating solutions like nonwires solutions, distributed energy resources, advanced transmission technologies, automated load management, demand flexibility, grid-enhancing technologies, and virtual power plants, which are networks of decentralized energy resources. A key provision mandates that these combined plans must aim to reduce the utility's peak electric system load by at least 20% from 2025 levels by 2030. The PSC will review these plans to ensure they meet these requirements, achieve significant cost savings, and will require companies to report on their progress in implementing approved plans, with potential penalties for failing to meet the peak load reduction goal.

Education

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0598?ys=2026RS