Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act)

Summary

The bill requires Maryland electric companies to submit a detailed plan to the Public Service Commission by Jan. 1, 2027 and every three years thereafter, showing how they will use advanced grid technologies, demand‑flexibility programs and other non‑wire solutions to lower system costs and reduce peak demand. The Commission will review, approve or reject each plan and can demand fixes, while utilities must also file progress reports alongside their system plans. The goal is to protect ratepayers by limiting costly infrastructure expansions and encouraging more efficient, resilient grid investments.

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

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