Electricity Generation and Storage - Investor-Owned Electric Companies and Front-of-the-Meter Storage (Affordable Energy Act)

Summary

The bill directs Maryland’s Public Service Commission to order investor‑owned electric companies to create and submit plans when the state lacks sufficient generation capacity or a PJM price‑stability event occurs. It also authorizes those utilities to recover all prudently incurred costs for building, owning, or operating their own generation and storage assets, with a guaranteed rate of return. The measure aims to improve reliability while encouraging renewable energy development.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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