Old | New | Differences | |
---|---|---|---|
1 | 1 | ||
2 | 2 | ||
3 | 3 | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. | |
4 | 4 | [Brackets] indicate matter deleted from existing law. | |
5 | - | Underlining indicates amendments to bill. | |
6 | - | Strike out indicates matter stricken from the bill by amendment or deleted from the law by | |
7 | - | amendment. | |
8 | 5 | *hb0505* | |
9 | 6 | ||
10 | 7 | HOUSE BILL 505 | |
11 | 8 | C5 4lr0543 | |
12 | - | CF | |
9 | + | CF 4lr0602 | |
13 | 10 | By: Delegate Charkoudian | |
14 | 11 | Introduced and read first time: January 24, 2024 | |
15 | 12 | Assigned to: Economic Matters | |
16 | - | Committee Report: Favorable with amendments | |
17 | - | House action: Adopted | |
18 | - | Read second time: March 8, 2024 | |
19 | 13 | ||
20 | - | ||
14 | + | A BILL ENTITLED | |
21 | 15 | ||
22 | 16 | AN ACT concerning 1 | |
23 | 17 | ||
24 | 18 | Limitations on Cost Recovery by Public Service Companies and Reports on 2 | |
25 | 19 | Votes Cast at Meetings of Regional Transmission Organizations 3 | |
26 | - | Electric Companies – Regional Transmission Organizations – Membership and 4 | |
27 | - | Report 5 | |
28 | - | (Utility Transparency and Accountability Act) 6 | |
20 | + | (Utility Transparency and Accountability Act) 4 | |
29 | 21 | ||
30 | - | FOR the purpose of prohibiting public service companies from recovering through rates 7 | |
31 | - | certain costs; requiring certain public service companies to submit an annual report 8 | |
32 | - | to the Public Service Commission regarding costs related to certain activities; 9 | |
33 | - | requiring each a certain electric company to be a member of a regional transmission 10 | |
34 | - | organization; requiring each a certain electric company to submit an annual report 11 | |
35 | - | to the Public Service Commission regarding certain votes cast by the electric 12 | |
36 | - | company and any affiliate of the electric company at a meeting of the regional 13 | |
37 | - | transmission organization; and generally relating to cost recovery by public service 14 | |
38 | - | companies and reports by electric companies and regional transmission 15 | |
39 | - | organizations. 16 | |
22 | + | FOR the purpose of prohibiting public service companies from recovering through rates 5 | |
23 | + | certain costs; requiring certain public service companies to submit an annual report 6 | |
24 | + | to the Public Service Commission regarding costs related to certain activities; 7 | |
25 | + | requiring each electric company to be a member of a regional transmission 8 | |
26 | + | organization; requiring each electric company to submit an annual report to the 9 | |
27 | + | Commission regarding certain votes cast by the electric company and any affiliate of 10 | |
28 | + | the electric company at a meeting of the regional transmission organization; and 11 | |
29 | + | generally relating to cost recovery by public service companies and reports by electric 12 | |
30 | + | companies. 13 | |
40 | 31 | ||
41 | - | BY repealing and reenacting, without amendments, | |
42 | - | Article – Public Utilities | |
43 | - | Section 1–101(a) and (z) | |
44 | - | Annotated Code of Maryland | |
45 | - | (2020 Replacement Volume and 2023 Supplement) | |
32 | + | BY repealing and reenacting, without amendments, 14 | |
33 | + | Article – Public Utilities 15 | |
34 | + | Section 1–101(a) and (z) 16 | |
35 | + | Annotated Code of Maryland 17 | |
36 | + | (2020 Replacement Volume and 2023 Supplement) 18 | |
46 | 37 | ||
47 | - | BY repealing and reenacting, with amendments, 22 | |
48 | - | Article – Public Utilities 23 2 HOUSE BILL 505 | |
38 | + | BY repealing and reenacting, with amendments, 19 | |
39 | + | Article – Public Utilities 20 | |
40 | + | Section 4–103 21 | |
41 | + | Annotated Code of Maryland 22 | |
42 | + | (2020 Replacement Volume and 2023 Supplement) 23 | |
43 | + | ||
44 | + | BY adding to 24 | |
45 | + | Article – Public Utilities 25 | |
46 | + | Section 4–504, 4–505, and 7–108 26 | |
47 | + | Annotated Code of Maryland 27 | |
48 | + | (2020 Replacement Volume and 2023 Supplement) 28 2 HOUSE BILL 505 | |
49 | 49 | ||
50 | 50 | ||
51 | - | Section 4–103 1 | |
52 | - | Annotated Code of Maryland 2 | |
53 | - | (2020 Replacement Volume and 2023 Supplement) 3 | |
54 | 51 | ||
55 | - | BY adding to 4 | |
56 | - | Article – Public Utilities 5 | |
57 | - | Section 4–504, 4–505, and 7–108 6 | |
58 | - | Annotated Code of Maryland 7 | |
59 | - | (2020 Replacement Volume and 2023 Supplement) 8 | |
52 | + | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 1 | |
53 | + | That the Laws of Maryland read as follows: 2 | |
60 | 54 | ||
61 | - | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 9 | |
62 | - | That the Laws of Maryland read as follows: 10 | |
55 | + | Article – Public Utilities 3 | |
63 | 56 | ||
64 | - | ||
57 | + | 1–101. 4 | |
65 | 58 | ||
66 | - | ||
59 | + | (a) In this division the following words have the meanings indicated. 5 | |
67 | 60 | ||
68 | - | (a) In this division the following words have the meanings indicated. 13 | |
61 | + | (z) (1) “Public service company” means a common carrier company, electric 6 | |
62 | + | company, gas company, sewage disposal company, telegraph company, telephone company, 7 | |
63 | + | water company, or any combination of public service companies. 8 | |
69 | 64 | ||
70 | - | (z) (1) “Public service company” means a common carrier company, electric 14 | |
71 | - | company, gas company, sewage disposal company, telegraph company, telephone company, 15 | |
72 | - | water company, or any combination of public service companies. 16 | |
65 | + | (2) “Public service company” does not include: 9 | |
73 | 66 | ||
74 | - | (2) “Public service company” does not include: 17 | |
67 | + | (i) a campground that provides water, electric, gas, sewage, or 10 | |
68 | + | telephone service to campers incident to the campground’s primary business of operating 11 | |
69 | + | and maintaining the campground; or 12 | |
75 | 70 | ||
76 | - | (i) a campground that provides water, electric, gas, sewage, or 18 | |
77 | - | telephone service to campers incident to the campground’s primary business of operating 19 | |
78 | - | and maintaining the campground; or 20 | |
71 | + | (ii) a person that owns or operates equipment used for charging 13 | |
72 | + | electric vehicles, including a person that owns or operates: 14 | |
79 | 73 | ||
80 | - | (ii) a person that owns or operates equipment used for charging 21 | |
81 | - | electric vehicles, including a person that owns or operates: 22 | |
74 | + | 1. an electric vehicle charging station; 15 | |
82 | 75 | ||
83 | - | | |
76 | + | 2. electric vehicle supply equipment; or 16 | |
84 | 77 | ||
85 | - | 2. electric vehicle supply equipment; or 24 | |
78 | + | 3. an electric vehicle charging station service company or 17 | |
79 | + | provider. 18 | |
86 | 80 | ||
87 | - | 3. an electric vehicle charging station service company or 25 | |
88 | - | provider. 26 | |
81 | + | 4–103. 19 | |
89 | 82 | ||
90 | - | 4–103. 27 | |
83 | + | [(a)] In setting just and reasonable rates under this title, the Commission may not 20 | |
84 | + | discourage the use of employee stock ownership plans by public service companies by 21 | |
85 | + | denying to the public service companies the full benefits of investment tax credits provided 22 | |
86 | + | in connection with these plans by the Internal Revenue Code. 23 | |
91 | 87 | ||
92 | - | [(a)] In setting just and reasonable rates under this title, the Commission may not 28 | |
93 | - | discourage the use of employee stock ownership plans by public service companies by 29 | |
94 | - | denying to the public service companies the full benefits of investment tax credits provided 30 | |
95 | - | in connection with these plans by the Internal Revenue Code. 31 | |
88 | + | [(b) A public service company may not charge off lobbying expenses against its 24 | |
89 | + | ratepayers.] 25 | |
90 | + | ||
91 | + | 4–504. 26 | |
92 | + | ||
93 | + | (A) IN THIS SECTION, “LOBBYING OR POLITICA L ACTIVITIES” MEANS ANY 27 | |
94 | + | ACTION TAKEN AT THE STATE, COUNTY, OR MUNICIPAL LEVELS OF GOVERNMENT IN 28 | |
95 | + | CONNECTION WITH : 29 | |
96 | 96 | HOUSE BILL 505 3 | |
97 | 97 | ||
98 | 98 | ||
99 | - | [(b) A public service company may not charge off lobbying expenses against its 1 | |
100 | - | ratepayers.] 2 | |
99 | + | (1) INFLUENCING LEGISLAT ION; 1 | |
101 | 100 | ||
102 | - | 4–504. 3 | |
101 | + | (2) PARTICIPATION OR INT ERVENTION IN ANY POL ITICAL CAMPAIGN 2 | |
102 | + | ON BEHALF OF OR IN OPPOSITION TO ANY CANDIDATE FOR PU BLIC OFFICE; OR 3 | |
103 | 103 | ||
104 | - | ( | |
105 | - | ||
106 | - | ||
104 | + | (3) ANY ATTEMPT TO INFLU ENCE ANY SEGMENT OF THE GENERAL 4 | |
105 | + | PUBLIC WITH RESPECT TO AN E LECTION, A LEGISLATIVE MATTER , AN EXECUTIVE 5 | |
106 | + | AGENCY DECISION , OR A REFERENDUM . 6 | |
107 | 107 | ||
108 | - | (1) INFLUENCING LEGISLAT ION; 7 | |
108 | + | (B) A PUBLIC SERVICE COMPA NY MAY NOT RECOVER T HROUGH RATES ANY 7 | |
109 | + | COSTS ASSOCIATED WITH : 8 | |
109 | 110 | ||
110 | - | (2) PARTICIPATION OR INT ERVENTION IN ANY POL ITICAL CAMPAIGN 8 | |
111 | - | ON BEHALF OF OR IN OPPOSITION TO ANY CA NDIDATE FOR PUBLIC O FFICE; OR 9 | |
111 | + | (1) MEMBERSHIP , DUES, SPONSORSHIPS , OR CONTRIBUTIONS TO A 9 | |
112 | + | BUSINESS OR INDUSTRY TRADE ASSOCIATION , GROUP, OR RELATED ENTITY EXEMPT 10 | |
113 | + | FROM TAXATION UNDER § 501 OF THE INTERNAL REVENUE CODE; 11 | |
112 | 114 | ||
113 | - | (3) ANY ATTEMPT TO INFLU ENCE ANY SEGMENT OF THE GENERAL 10 | |
114 | - | PUBLIC WITH RESPECT TO AN ELECTION , A LEGISLATIVE MATTER , AN EXECUTIVE 11 | |
115 | - | AGENCY DECISION , OR A REFERENDUM . 12 | |
115 | + | (2) LOBBYING OR POLITICAL ACTIVITIES , INCLUDING SUPPORTING 12 | |
116 | + | ACTIVITIES SUCH AS P OLICY RESEARCH , ANALYSIS, PREPARATION , AND PLANNING ; 13 | |
116 | 117 | ||
117 | - | (B) A PUBLIC SERVICE COMPA NY MAY NOT REC OVER THROUGH RATES A NY 13 | |
118 | - | COSTS ASSOCIATED WIT H: 14 | |
118 | + | (3) UNLESS APPROVED OR O RDERED BY THE COMMISSION, 14 | |
119 | + | ADVERTISING, MARKETING, COMMUNICATIONS , OR OTHER RELATED COS TS 15 | |
120 | + | IDENTIFIED BY THE COMMISSION THAT SEEK TO INFLUEN CE PUBLIC OPINION OR 16 | |
121 | + | CREATE GOODWILL TOWA RD THE PUBLIC SERVIC E COMPANY; 17 | |
119 | 122 | ||
120 | - | (1) MEMBERSHIP , DUES, SPONSORSHIPS , OR CONTRIBUTIONS TO A 15 | |
121 | - | BUSINESS OR INDUSTRY TRADE ASSOCIATION , GROUP, OR RELATED ENTITY EX EMPT 16 | |
122 | - | FROM TAXATION UNDER § 501 OF THE INTERNAL REVENUE CODE; 17 | |
123 | + | (4) TRAVEL, LODGING, OR FOOD AND BEVERAGE EXPENSES FOR THE 18 | |
124 | + | PUBLIC SERVICE COMPA NY’S BOARD OF DIRECTORS AND OFFICERS OR THE BOARD 19 | |
125 | + | OF DIRECTORS AND OFF ICERS OF THE PUBLIC SERVICE COMPANY ’S PARENT 20 | |
126 | + | COMPANY; 21 | |
123 | 127 | ||
124 | - | (2) LOBBYING OR POLITICAL ACTIVITIES , INCLUDING SUPPORTING 18 | |
125 | - | ACTIVITIES SUCH AS P OLICY RESEARCH , ANALYSIS, PREPARATION , AND PLANNING ; 19 | |
128 | + | (5) ENTERTAINMENT OR GIF TS; 22 | |
126 | 129 | ||
127 | - | ( | |
128 | - | ||
129 | - | ||
130 | - | ||
130 | + | (6) ANY OWNED, LEASED, OR CHARTERED AIRCRAF T FOR THE PUBLIC 23 | |
131 | + | SERVICE COMPANY ’S BOARD OF DIRECTORS AND OFFICERS OR THE BOARD OF 24 | |
132 | + | DIRECTORS AND OFFICERS OF THE PUBLIC SERVIC E COMPANY’S PARENT COMPANY ; 25 | |
133 | + | OR 26 | |
131 | 134 | ||
132 | - | (4) TRAVEL, LODGING, OR FOOD AND BEVERAGE EXPENSES FOR THE 24 | |
133 | - | PUBLIC SERVICE COMPA NY’S BOARD OF DIRECTORS AND OFFICERS OR THE BOARD 25 | |
134 | - | OF DIRECTORS AND OFF ICERS OF THE PUBLIC S ERVICE COMPANY ’S PARENT 26 | |
135 | - | COMPANY; 27 | |
135 | + | (7) INVESTOR RELATIONS . 27 | |
136 | 136 | ||
137 | - | ||
137 | + | 4–505. 28 | |
138 | 138 | ||
139 | - | (6) ANY OWNED, LEASED, OR CHARTERED AIRCRAF T FOR THE PUBLIC 29 | |
140 | - | SERVICE COMPANY ’S BOARD OF DIRECTORS AND OFFICERS OR THE BOARD OF 30 | |
141 | - | DIRECTORS AND OFFICE RS OF THE PUBLIC SER VICE COMPANY’S PARENT COMPANY ; 31 | |
142 | - | OR 32 4 HOUSE BILL 505 | |
139 | + | (A) THIS SECTION APPLIES ONLY TO A PUBLIC SERVICE COMPA NY WITH 29 | |
140 | + | MORE THAN 75,000 CUSTOMERS IN THE STATE. 30 | |
141 | + | 4 HOUSE BILL 505 | |
143 | 142 | ||
144 | 143 | ||
144 | + | (B) (1) ON OR BEFORE JANUARY 1 EACH YEAR, EACH PUBLIC SERVICE 1 | |
145 | + | COMPANY SHALL SUBMIT TO THE COMMISSION A REPORT ITEMIZING ALL COSTS 2 | |
146 | + | ASSOCIATED WITH THE ACTIVITIES DESCRIBED IN § 4–504 OF THIS SUBTITLE. 3 | |
145 | 147 | ||
146 | - | ( | |
148 | + | (2) THE REPORT SHALL INCLUDE : 4 | |
147 | 149 | ||
148 | - | 4–505. 2 | |
150 | + | (I) COSTS SPENT BY THE P ARENT COMPANY OR AFF ILIATES OF 5 | |
151 | + | THE PUBLIC SERVICE C OMPANY THAT ARE DIRECTLY BILLED OR A LLOCATED TO THE 6 | |
152 | + | PUBLIC SERVICE COMPA NY; 7 | |
149 | 153 | ||
150 | - | (A) THIS SECTION APPLIES ONLY TO A PUBLIC SER VICE COMPANY WITH 3 | |
151 | - | MORE THAN 75,000 CUSTOMERS IN THE STATE. 4 | |
154 | + | (II) A LIST OF THE TITLE , JOB DESCRIPTION , AND SALARY OF 8 | |
155 | + | ANY PUBLIC SERVICE COMPA NY EMPLOYEE WHO PERFORM ED WORK ASSOCIATED 9 | |
156 | + | WITH THE ACTIVITIES DESCRIBED IN § 4–504 OF THIS SUBTITLE , INCLUDING THE 10 | |
157 | + | HOURS ATTRIBUTED TO THE WORK; 11 | |
152 | 158 | ||
153 | - | (B) (1) ON OR BEFORE JANUARY 1 EACH YEAR, EACH PUBLIC SERVICE 5 | |
154 | - | COMPANY SHALL SUBMIT TO THE COMMISSION A REPORT I TEMIZING ALL COSTS 6 | |
155 | - | ASSOCIATED WITH THE ACTIVITIES DESCRIBED IN § 4–504 OF THIS SUBTITLE. 7 | |
159 | + | (III) A LIST OF THE TITLE , JOB DESCRIPTION , AND SALARY OF 12 | |
160 | + | ANY EMPLOYEE OF THE PARENT COMPANY OR AF FILIATE OF THE PUBLIC SERVIC E 13 | |
161 | + | COMPANY WHO PERFORMED W ORK ASSOCIATED WITH THE ACTIVITIES DESCR IBED 14 | |
162 | + | § 4–504 OF THIS SUBTITLE, INCLUDING THE HOURS ATTRIBUTED TO THE WORK THAT 15 | |
163 | + | WERE DIRECTLY BILLED OR ALLOCATED TO THE PUBLIC SERVICE COMPA NY; 16 | |
156 | 164 | ||
157 | - | (2) THE REPORT SHALL INCL UDE: 8 | |
165 | + | (IV) A LIST OF PAYMENTS THAT THE PUBLIC SERV ICE COMPANY 17 | |
166 | + | MADE TO ALL THIRD –PARTY VENDORS FOR AN Y EXPENSES ASSOCIATE D WITH THE 18 | |
167 | + | ACTIVITIES DESCRIBED IN § 4–504 OF THIS SUBTITLE , INCLUDING UNREDACTED 19 | |
168 | + | BILLING AMOUNTS , BILLING DATES , PAYEES, AND AN EXPLANATION OF EACH 20 | |
169 | + | EXPENDITURE IN D ETAIL SUFFICIENT TO DESCRIBE THE PURPOSE OF THE COST; 21 | |
170 | + | AND 22 | |
158 | 171 | ||
159 | - | (I) COSTS SPENT BY THE P ARENT COMPANY OR AFF ILIATES OF 9 | |
160 | - | THE PUBLIC SERVICE C OMPANY THAT ARE DIRE CTLY BILLED OR ALLOCATED T O THE 10 | |
161 | - | PUBLIC SERVICE COMPA NY; 11 | |
172 | + | (V) ANY OTHER INFORMATIO N THE COMMISSION CONSIDERS 23 | |
173 | + | RELEVANT. 24 | |
162 | 174 | ||
163 | - | (II) A LIST OF THE TITLE , JOB DESCRIPTION , AND SALARY OF 12 | |
164 | - | ANY PUBLIC SERVICE C OMPANY EMPLOYEE WHO PERFORMED WORK ASSOC IATED 13 | |
165 | - | WITH THE ACTIVITIES DESCRIBED IN § 4–504 OF THIS SUBTITLE , INCLUDING THE 14 | |
166 | - | HOURS ATTRIBUTED TO THE WO RK; 15 | |
175 | + | 7–108. 25 | |
167 | 176 | ||
168 | - | (III) A LIST OF THE TITLE , JOB DESCRIPTION , AND SALARY OF 16 | |
169 | - | ANY EMPLOYEE OF THE PARENT COMPANY OR AF FILIATE OF THE PUBLI C SERVICE 17 | |
170 | - | COMPANY WHO PERFORME D WORK ASSOCIATED WI TH THE ACTIVITIES DE SCRIBED 18 | |
171 | - | § 4–504 OF THIS SUBTITLE, INCLUDING THE HOURS ATTRIBUTED TO THE WO RK THAT 19 | |
172 | - | WERE DIRECTLY BILLED OR ALLOCATED TO THE PUBLIC SERVICE COMPA NY; 20 | |
177 | + | (A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS 26 | |
178 | + | INDICATED. 27 | |
173 | 179 | ||
174 | - | (IV) A LIST OF PAYMENTS T HAT THE PUBLIC SERVI CE COMPANY 21 | |
175 | - | MADE TO ALL THIRD –PARTY VENDORS FOR AN Y EXPENSES ASSOCIATE D WITH THE 22 | |
176 | - | ACTIVITIES DES CRIBED IN § 4–504 OF THIS SUBTITLE , INCLUDING UNREDACTED 23 | |
177 | - | BILLING AMOUNTS , BILLING DATES , PAYEES, AND AN EXPLANATION O F EACH 24 | |
178 | - | EXPENDITURE IN DETAI L SUFFICIENT TO DESC RIBE THE PURPOSE OF THE COST; 25 | |
179 | - | AND 26 | |
180 | + | (2) “AFFILIATE” HAS THE MEANING STAT ED IN § 7–501 OF THIS 28 | |
181 | + | TITLE. 29 | |
180 | 182 | ||
181 | - | (V) ANY OTHER INFORMATIO N THE COMMISSION CONSIDERS 27 | |
182 | - | RELEVANT. 28 | |
183 | - | ||
184 | - | 7–108. 29 | |
185 | - | ||
186 | - | (A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS 30 | |
187 | - | INDICATED. 31 | |
183 | + | (3) “MEETING” MEANS ANY COMMITTEE , USER GROUP, TASK FORCE, 30 | |
184 | + | OR OTHER PART OF THE REGIONAL TRANSMISSIO N ORGANIZATION IN WH ICH VOTES 31 | |
185 | + | ARE TAKEN. 32 | |
188 | 186 | HOUSE BILL 505 5 | |
189 | 187 | ||
190 | 188 | ||
191 | - | (2) “AFFILIATE” HAS THE MEANING STAT ED IN § 7–501 OF THIS 1 | |
192 | - | TITLE. 2 | |
189 | + | (4) “RECORDED VOTE ” MEANS A VOTE THAT IS TABULATED, EITHER 1 | |
190 | + | INDIVIDUALLY OR AS P ART OF A SECTOR , FOR ANY PURPOSE AT A MEETING, 2 | |
191 | + | REGARDLESS OF : 3 | |
193 | 192 | ||
194 | - | (3) “MEETING” MEANS ANY COMMITTEE , USER GROUP, TASK FORCE, 3 | |
195 | - | OR OTHER PART OF THE REGIONAL TRA NSMISSION ORGANIZATI ON IN WHICH VOTES 4 | |
196 | - | ARE TAKEN. 5 | |
193 | + | (I) WHETHER THE VOTE REPRESENTS A FINAL POSITION OF 4 | |
194 | + | ANY PERSON CASTING T HE VOTE; OR 5 | |
197 | 195 | ||
198 | - | (4) “RECORDED VOTE ” MEANS A VOTE THAT IS TABULATED, EITHER 6 | |
199 | - | INDIVIDUALLY OR AS P ART OF A SECTOR , FOR ANY PURPOSE AT A MEETING, 7 | |
200 | - | REGARDLESS OF : 8 | |
196 | + | (II) THE DECISION–MAKING AUTHORITY OF THOSE VOTING . 6 | |
201 | 197 | ||
202 | - | (I) WHETHER THE VOTE REP RESENTS A FINAL POSI TION OF 9 | |
203 | - | ANY PERSON CASTING THE VOTE ; OR 10 | |
198 | + | (5) “REGIONAL TR ANSMISSION ORGANIZAT ION” MEANS AN ENTITY 7 | |
199 | + | THAT QUALIFIES AS A REGIONAL TRANSMISSIO N ORGANIZATION UNDER 18 C.F.R. § 8 | |
200 | + | 35.34. 9 | |
204 | 201 | ||
205 | - | (II) THE DECISION–MAKING AUTHORITY OF THOSE VOTING . 11 | |
202 | + | (B) EACH ELECTRIC COMPANY SHALL BE A MEMBER OF A REGIONAL 10 | |
203 | + | TRANSMISSION ORGANIZ ATION. 11 | |
206 | 204 | ||
207 | - | (5) “REGIONAL TRANSMISSION ORGANIZATION ” MEANS AN ENTITY 12 | |
208 | - | THAT QUALIFIES AS A REGIONAL TRANSMISSIO N ORGANIZATION UNDER 18 C.F.R. § 13 | |
209 | - | 35.34. 14 | |
205 | + | (C) (1) ON OR BEFORE FEBRUARY 1 EACH YEAR , EACH ELECTRIC 12 | |
206 | + | COMPANY SHALL SUBMIT TO THE COMMISSION A REPORT O F ANY RECORDED VOTE 13 | |
207 | + | CAST BY THE ELECTRIC COMPANY OR, SUBJECT T O PARAGRAPH (2) OF THIS 14 | |
208 | + | SUBSECTION, AN AFFILIATE OF THE ELECTRIC COMPANY AT A MEETING OF A 15 | |
209 | + | REGIONAL TRANSMISSION ORG ANIZATION DURING THE IMMEDIATELY PRECEDIN G 16 | |
210 | + | CALENDAR YEAR . 17 | |
210 | 211 | ||
211 | - | ( | |
212 | + | (2) THE REPORT SHALL INCL UDE: 18 | |
212 | 213 | ||
213 | - | ( | |
214 | - | ||
214 | + | (I) ALL RECORDED VOTES CAST BY THE ELECTRIC COMPANY, 19 | |
215 | + | REGARDLESS OF WHETHE R THE VOTE IS OTHERWISE DISCLOSED; 20 | |
215 | 216 | ||
216 | - | (C) (D) (1) ON OR BEFORE FEBRUARY 1 EACH YEAR, EACH ELECTRIC 18 | |
217 | - | COMPANY SHALL SUBMIT TO THE COMMISSION A REPORT O F ANY RECORDED VOTE 19 | |
218 | - | CAST BY THE ELECTRIC COMP ANY OR, SUBJECT TO PARAGRAPH (2) OF THIS 20 | |
219 | - | SUBSECTION, AN AFFILIATE OF THE ELECTRIC COMPANY AT A MEETING OF A 21 | |
220 | - | REGIONAL TRANSMISSIO N ORGANIZATION DURIN G THE IMMEDIATELY PR ECEDING 22 | |
221 | - | CALENDAR YEAR . 23 | |
217 | + | (II) ALL VOTES CAST BY AN AFFILIATE OF THE ELECTRIC 21 | |
218 | + | COMPANY IF THE ELECTRIC COMPANY ITSELF DOES NOT VOTE ON THE MATTER ; AND 22 | |
222 | 219 | ||
223 | - | (2) THE REPORT SHALL INCL UDE: 24 | |
220 | + | (III) A BRIEF DESCRIPTION EXPLAINING HOW EACH VOTE CAST 23 | |
221 | + | BY THE ELECTRIC COMPANY OR ITS AFFILIATE IS IN THE INTEREST O F THE PUBLIC. 24 | |
224 | 222 | ||
225 | - | (I) ALL RECORDED VOTES CAST BY THE ELECTRIC COMP ANY, 25 | |
226 | - | REGARDLESS OF WHETHE R THE VOTE IS OTHERW ISE DISCLOSED; 26 | |
227 | - | ||
228 | - | (II) ALL VOTES CAST BY AN AFFILIATE OF THE ELE CTRIC 27 | |
229 | - | COMPANY IF THE ELECT RIC COMPANY ITSELF D OES NOT VOTE ON THE MATTER; AND 28 | |
230 | - | ||
231 | - | (III) A BRIEF DESCRIPTION EXPLAINI NG HOW EACH VOTE CAS T 29 | |
232 | - | BY THE ELECTRIC COMP ANY OR ITS AFFILIATE IS IN THE INTEREST O F THE PUBLIC. 30 | |
233 | - | 6 HOUSE BILL 505 | |
234 | - | ||
235 | - | ||
236 | - | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 1 | |
237 | - | October 1, 2024. 2 | |
238 | - | ||
239 | - | ||
240 | - | ||
241 | - | ||
242 | - | Approved: | |
243 | - | ________________________________________________________________________________ | |
244 | - | Governor. | |
245 | - | ________________________________________________________________________________ | |
246 | - | Speaker of the House of Delegates. | |
247 | - | ________________________________________________________________________________ | |
248 | - | President of the Senate. | |
223 | + | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 25 | |
224 | + | October 1, 2024. 26 |