EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. [Brackets] indicate matter deleted from existing law. *hb1149* HOUSE BILL 1149 C5, M5 5lr2818 CF SB 675 By: Delegate Adams Introduced and read first time: February 6, 2025 Assigned to: Economic Matters A BILL ENTITLED AN ACT concerning 1 Public Service Commission – Full Costs and Benefits Analysis of Sources of 2 Electricity Generation 3 FOR the purpose of requiring the Public Service Commission to conduct an analysis of the 4 full costs and benefits of sources of electricity generation in the State; and generally 5 relating to a study on electricity generation. 6 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 7 That: 8 (a) The Public Service Commission shall conduct a full costs and benefits analysis 9 of sources of electricity generation in the State. 10 (b) The analysis shall: 11 (1) identify the costs of electricity to ratepayers assuming that the State 12 electricity market is served by the following generation mixes: 13 (i) natural gas energy at its current capacity; 14 (ii) nuclear energy at its current capacity; and 15 (iii) 8,500 megawatts of offshore wind energy capacity; 16 (2) include the additional costs of electricity generation necessary to offset 17 reliability issues and the intermittency of offshore wind energy; 18 (3) use the Levelized Full System Cost of Electricity model to analyze the 19 costs of meeting the State’s electricity needs from: 20 (i) only natural gas energy and energy storage; 21 2 HOUSE BILL 1149 (ii) only nuclear energy and energy storage; and 1 (iii) only offshore wind energy and energy storage; 2 (4) identify the costs for natural gas, nuclear, and offshore wind if energy 3 storage is available to offset reliability and intermittency issues; and 4 (5) include recommended policy changes to support the development of the 5 energy sources with the lowest costs and greatest benefits to the ratepayers of the State. 6 (c) On or before December 1, 2026, the Public Service Commission shall report its 7 findings and recommendations to the Senate Committee on Education, Energy, and the 8 Environment and the House Economic Matters Committee, in accordance with § 2–1257 of 9 the State Government Article. 10 SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 11 October 1, 2025. 12