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MD HB981
MD HB981Investor-Owned Public Service Companies - Base Rate Proceeding - Equity Market Return
summary
Introduced
02/06/2026
02/06/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Requiring the Public Service Commission, in a base rate proceeding, to determine a certain equity market return for certain public service companies; and authorizing the Commission to adjust certain rates based on the equity market return.
AI Summary
This bill requires the Public Service Commission, when setting rates for investor-owned gas and electric companies, to determine the current average expected 10-year return on the U.S. stock market, using multiple objective sources for this calculation. The Commission is then authorized to adjust the companies' rates based on how the risks faced by these public service companies compare to this determined equity market return. This provision is intended to ensure that rates are just and reasonable for both the companies and the public.
Committee Categories
Transportation and Infrastructure
Sponsors (15)
Andre Johnson (D)*,
Dylan Behler (D),
Harry Bhandari (D),
Adrian Boafo (D),
Lorig Charkoudian (D),
Brian Crosby (D),
Elizabeth Embry (D),
David Fraser-Hidalgo (D),
Julian Ivey (D),
Mary Lehman (D),
Jeff Long (D),
Andrew Pruski (D),
Kent Roberson (D),
Mike Rogers (D),
Joe Vogel (D),
Last Action
House Environment and Transportation Hearing (13:00:00 2/24/2026 ) (on 02/24/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0981?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0981f.pdf |
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