Maryland Senate Bill SB756

Maryland 2025 Regular Session

• Introduced: 1/31/25
• Refer: 1/31/25

Caption

Electric Companies, Gas Companies, Gas and Electric Companies, and Water Companies - Periodic Audits

Impact

The implementation of SB756 is expected to enhance regulatory oversight on utility companies, thereby improving consumer protection and service reliability. By requiring audits that include analyses of rate changes and customer billing practices, the bill aims to provide insights into how utility companies manage pricing and their business operations. This increased transparency may help to hold utility companies accountable for their practices, ultimately benefiting consumers through more equitable pricing structures and improved service delivery.

Summary

Senate Bill 756, introduced by Senator A. Washington, proposes a significant reform in the oversight of utility companies in Maryland, including electric, gas, and water companies. The bill mandates that these companies submit detailed audits regarding their operations, customer usage, and billing practices to the Public Service Commission every three years. The first audit will be due on December 31, 2026, and the Commission is required to publish these audits on its website to ensure transparency and accountability within the public service sector.

Contention

While the bill is anticipated to strengthen regulatory frameworks, it could also meet resistance from utility companies concerned about the increased administrative burden and potential financial implications of conducting regular audits. Some may argue that the frequency and depth of these audits could divert resources from investments in service improvements. Additionally, stakeholders may express concerns regarding the implications of publicly available audit information, fearing it may lead to public relations challenges or affect market competition.