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Key Votes

SB 1013 - Regulation of Power Plants - Key Vote

Maryland Key Votes

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Issues

Stage Details

Legislation - Signed (Executive) -

Title: Regulation of Power Plants

Legislation - Concurrence Vote Passed (Senate) (34-11) - (Key vote)

Title: Regulation of Power Plants

Vote Smart's Synopsis:

Vote to pass a bill that provides credits to residential electric customers and limits investments in investor-owned utility companies.

Highlights:
- Allows investors to hold up to 20 percent of the voting interests in a gas and electric company without attaining prior permission from the Public Service Commission [Sec. 6-105 (e)(2)(I)]. - Requires Constellation Energy to contribute $187 million to be divided equally and credited toward residential electric customer bills by Dec. 31, 2008 [Sec. 6-105 (e)(2)(I)]. - Requires Constellation Energy to credit $18.66 million per year through 2016 to residential electric customer bills for nuclear decommissioning costs [Sec. 6-105 (e)(2)(I)]. - Relieves ratepayers of financial obligation in the decommissioning of Calvert Cliffs Nuclear Power Plant Units 1 and 2 [Sec. 6-105 (e)(2)(I)].
Legislation - Bill Passed With Amendment (House) (102-38) - (Key vote)

Title: Regulation of Power Plants

Vote Smart's Synopsis:

Vote to pass a bill that provides credits to residential electric customers and limits investments in investor-owned utility companies.

Highlights:
- Allows investors to hold up to 20 percent of the voting interests in a gas and electric company without attaining prior permission from the Public Service Commission [Sec. 6-105 (e)(2)(I)]. - Requires Constellation Energy to contribute $187 million to be divided equally and credited toward residential electric customer bills by Dec. 31, 2008 [Sec. 6-105 (e)(2)(I)]. - Requires Constellation Energy to credit $18.66 million per year through 2016 to residential electric customer bills for nuclear decommissioning costs [Sec. 6-105 (e)(2)(I)]. - Relieves ratepayers of financial obligation in the decommissioning of Calvert Cliffs Nuclear Power Plant Units 1 and 2 [Sec. 6-105 (e)(2)(I)].
Legislation - Bill Passed (Senate) (43-0) -
Legislation - Introduced (Senate) -

Title: Regulation of Power Plants

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