Investor-Owned Electric, Gas, and Gas and Electric Companies - Cost Recovery - Limitations
In the Senate - First Reading Education, Energy, and the Environment
Summary
The bill bars investor‑owned electric, gas and combined utilities from adding to customer rates the cost of supervisor compensation that exceeds 110% of the Maryland Public Service Commission chair’s salary, as well as most bonuses and specific expense categories. It also requires each utility to adopt a company‑wide policy setting reasonable cost limits, submit that policy to the Public Service Commission, and obliges the commission to publish guidance on what counts as reasonable. The goal is to keep excessive corporate compensation and spending from being passed on to ratepayers.
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