Maryland 2025 Regular Session

Maryland Senate Bill SB909 Compare Versions

Version 1 (Old)

Version 2 (New)

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	5		Underlining indicates amendments to bill.
6	6		Strike out indicates matter stricken from the bill by amendment or deleted from the law by
7	7		amendment.
8		-	Italics indicate opposite chamber/conference committee amendments.
9	8		sb0909
10	9
11	10		SENATE BILL 909
12		-	C5, M5 (5lr1391)
13		-	ENROLLED BILL
14		-	— Education, Energy, and the Environment/Economic Matters —
15		-	Introduced by Senator Hester
16		-
17		-	Read and Examined by Proofreaders:
18		-
19		-	_______________________________________________
20		-	Proofreader.
21		-	_______________________________________________
22		-	Proofreader.
23		-
24		-	Sealed with the Great Seal and presented to the Governor, for his approval this
25		-
26		-	_______ day of _______________ at __ ______________________ o’clock, ________M.
27		-
28		-	______________________________________________
29		-	President.
	11	+	C5, M5 5lr1391
	12	+	CF HB 1037
	13	+	By: Senator Hester
	14	+	Introduced and read first time: January 28, 2025
	15	+	Assigned to: Education, Energy, and the Environment
	16	+	Committee Report: Favorable with amendments
	17	+	Senate action: Adopted with floor amendments
	18	+	Read second time: March 12, 2025
30	19
31	20		CHAPTER ______
32	21
33	22		AN ACT concerning 1
34	23
35	24		Energy Resource Adequacy and Planning Act 2
36	25
37	26		FOR the purpose of establishing the Integrated Resource Strategic Energy Planning Office 3
38	27		in the Public Service Commission; requiring the Office to develop a Comprehensive 4
39	28		Energy Forecast and conduct a certain study Wholesale Energy Markets and Bulk 5
40	29		Power System Risk Report and examine certain scenarios to support the 6
41	30		development of the Forecast; requiring the Office, in consultation with the 7
42	31		Commission and the Maryland Energy Administration, to complete certain energy 8
43	32		modeling; requiring the Commission, in consultation with the Office, to adopt 9
44	33		regulations requiring each electric company to develop a certain integrated resource 10
45	34		plan Risk Report; requiring the Office to conduct certain stakeholder processes; 11
46	35		requiring the Office to provide certain information to certain persons under certain 12
47	36		circumstances; requiring the Public Service Commission to conduct a certain public 13
48	37		proceeding; requiring the Commission and the Department of Transportation to 14
49		-	complete certain studies; requiring the Maryland Energy Administration to obtain 15 2 SENATE BILL 909
	38	+	complete certain studies; requiring the Maryland Energy Administration to obtain 15
	39	+	or develop certain power flow analyses; and generally relating to the Integrated 16
	40	+	Resource Strategic Energy Planning Office and energy resource planning. 17
	41	+
	42	+	BY repealing and reenacting, with amendments, 18
	43	+	Article – Public Utilities 19
	44	+	Section 2–110 and 2–110.1 20
	45	+	Annotated Code of Maryland 21
	46	+	(2020 Replacement Volume and 2024 Supplement) 22
	47	+
	48	+	BY adding to 23 2 SENATE BILL 909
50	49
51	50
52		-	or develop certain power flow analyses; and generally relating to the Integrated 1
53		-	Resource Strategic Energy Planning Office and energy resource planning. 2
	51	+	Article – Public Utilities 1
	52	+	Section 7–1201 through 7–1206 7–1207 to be under the new subtitle “Subtitle 12. 2
	53	+	Integrated Resource Strategic Energy Planning Office” 3
	54	+	Annotated Code of Maryland 4
	55	+	(2020 Replacement Volume and 2024 Supplement) 5
54	56
55		-	BY repealing and reenacting, with amendments, 3
56		-	Article – Public Utilities 4
57		-	Section 2–110 and 2–110.1 5
58		-	Annotated Code of Maryland 6
59		-	(2020 Replacement Volume and 2024 Supplement) 7
	57	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 6
	58	+	That the Laws of Maryland read as follows: 7
60	59
61		-	BY adding to 8
62		-	Article – Public Utilities 9
63		-	Section 7–1201 through 7–1206 7–1207 to be under the new subtitle “Subtitle 12. 10
64		-	Integrated Resource Strategic Energy Planning Office” 11
65		-	Annotated Code of Maryland 12
66		-	(2020 Replacement Volume and 2024 Supplement) 13
	60	+	Article – Public Utilities 8
67	61
68		-	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 14
69		-	That the Laws of Maryland read as follows: 15
	62	+	2–110. 9
70	63
71		-	Article – Public Utilities 16
	64	+	(a) In this section, “public service company” includes an electricity supplier and a 10
	65	+	gas supplier as those terms are defined in § 1–101 of this article. 11
72	66
73		-	2–110. 17
	67	+	(b) (1) The costs and expenses of the Commission, THE STRATEGIC ENERGY 12
	68	+	PLANNING OFFICE, and the Office of People’s Counsel shall be borne by the public service 13
	69	+	companies that are subject to the Commission’s jurisdiction. 14
74	70
75		-	(a) In this section, “public service company” includes an electricity supplier and a 18
76		-	gas supplier as those terms are defined in § 1–101 of this article. 19
	71	+	(2) The costs and expenses shall be assessed as provided in this section. 15
77	72
78		-	(b) (1) The costs and expenses of the Commission, THE STRATEGIC ENERGY 20
79		-	PLANNING OFFICE, and the Office of People’s Counsel shall be borne by the public service 21
80		-	companies that are subject to the Commission’s jurisdiction. 22
	73	+	(3) The Commission shall pay the money that it collects for the assessment 16
	74	+	under this section into the Public Utility Regulation Fund in the State Treasury established 17
	75	+	under § 2–110.1 of this subtitle to reimburse the State for the expenses of the Commission 18
	76	+	and the Office of People’s Counsel. 19
81	77
82		-	(2) The costs and expenses shall be assessed as provided in this section. 23
	78	+	(c) (1) (i) Before each State fiscal year, the Chairman of the Commission 20
	79	+	shall estimate the Commission’s total costs and expenses, including: 21
83	80
84		-	(3) The Commission shall pay the money that it collects for the assessment 24
85		-	under this section into the Public Utility Regulation Fund in the State Treasury established 25
86		-	under § 2–110.1 of this subtitle to reimburse the State for the expenses of the Commission, 26
87		-	THE STRATEGIC ENERGY PLANNING OFFICE, and the Office of People’s Counsel. 27
	81	+	1. the compensation and expenses of the Commission, its 22
	82	+	officers, agents, and personnel; 23
88	83
89		-	(c) (1) (i) Before each State fiscal year, the Chairman of the Commission 28
90		-	shall estimate the Commission’s total costs and expenses, including: 29
	84	+	2. the cost of retirement contributions, Social Security, 24
	85	+	health insurance, and other benefits required to be paid by the State for the personnel of 25
	86	+	the Commission; 26
91	87
92		-	1. ~~the compensation~~ and expenses of the ~~Commission, its 30~~
93		-	~~officers, agents,~~ and ~~personnel; 31~~
	88	+	3. all other maintenance and operation expenses of the 27
	89	+	Commission; and 28
94	90
95		-	2. the cost of retirement contributions, Social Security, 32
96		-	health insurance, and other benefits required to be paid by the State for the personnel of 33
97		-	the Commission; 34 SENATE BILL 909 3
	91	+	4. all other direct and indirect costs of the Commission. 29
	92	+
	93	+	(ii) The estimate shall exclude the expenses associated with services 30
	94	+	performed by the Commission for which the Commission is reimbursed under this division. 31
	95	+
	96	+	(iii) THE ESTIMATE SHALL IN CLUDE, AS PROVIDED BY THE 32
	97	+	STRATEGIC ENERGY PLANNING OFFICE: 33 SENATE BILL 909 3
98	98
99	99
100	100
101		-	3. ~~all other maintenance~~ and ~~operation~~ expenses of the 1
102		-	~~Commission;~~ and 2
	101	+	1. THE COMPENSATION AND EXPENSES OF THE 1
	102	+	STRATEGIC ENERGY PLANNING OFFICE, ITS OFFICERS, AGENTS, AND PERSONNEL ; 2
103	103
104		-	4. all other direct and indirect costs of the Commission. 3
	104	+	2. THE COST OF RETIREME NT CONTRIBUTIONS , SOCIAL 3
	105	+	SECURITY, HEALTH INSURANCE , AND OTHER BENEFITS R EQUIRED TO BE PAID B Y 4
	106	+	THE STATE FOR THE PERSONN EL OF THE STRATEGIC ENERGY PLANNING OFFICE; 5
105	107
106		-	~~(ii) The estimate shall exclude the expenses associated with services 4~~
107		-	~~performed by~~ the ~~Commission for which the Commission is reimbursed under this division. 5~~
	108	+	3. ALL OTHER MAINTENANC E AND OPERATION 6
	109	+	EXPENSES OF THE STRATEGIC ENERGY PLANNING OFFICE; AND 7
108	110
109		-	~~(iii) THE ESTIMATE SHALL IN CLUDE,~~ ~~AS PROVIDED BY THE 6~~
110		-	STRATEGIC ENERGY PLANNING OFFICE~~: 7~~
	111	+	4. ALL OTHER DIRECT AND INDIRECT COSTS OF TH E 8
	112	+	STRATEGIC ENERGY PLANNING OFFICE. 9
111	113
112		-	1. THE ~~COMPENSATION AND EXPENSES~~ OF ~~THE 8~~
113		-	~~STRATEGIC ENERGY PLANNING OFFICE, ITS OFFICERS, AGENTS, AND PERSONNEL ; 9~~
	114	+	(IV) The estimate shall include, as provided by the Office of People’s 10
	115	+	Counsel: 11
114	116
115		-	2. THE COST OF RETIREME NT CONTRIBUTIONS , SOCIAL 10
116		-	SECURITY, HEALTH INSURANCE , AND OTHER BENEFITS R EQUIRED TO BE PAID B Y 11
117		-	THE STATE FOR THE PERSONN EL OF THE STRATEGIC ENERGY PLANNING OFFICE; 12
	117	+	1. the compensation and expenses of the Office of People’s 12
	118	+	Counsel, its officers, agents, and personnel; 13
118	119
119		-	3. ALL OTHER MAINTENANC E AND OPERATION 13
120		-	EXPENSES OF THE STRATEGIC ENERGY PLANNING OFFICE; AND 14
	120	+	2. the cost of retirement contributions, Social Security, 14
	121	+	health insurance, and other benefits required to be paid by the State for the personnel of 15
	122	+	the Office of People’s Counsel; 16
121	123
122		-	4. ALL OTHER ~~DIRECT~~ AND ~~INDIRECT COSTS~~ OF ~~TH E 15~~
123		-	~~STRATEGIC ENERGY PLANNING OFFICE.~~ 16
	124	+	3. all other maintenance and operation expenses of the Office 17
	125	+	of People’s Counsel; and 18
124	126
125		-	~~(IV) The estimate shall include,~~ ~~as provided by~~ the Office of People’s 17
126		-	Counsel~~: 18~~
	127	+	4. all other direct and indirect costs of the Office of People’s 19
	128	+	Counsel. 20
127	129
128		-	1. the ~~compensation and expenses of~~ the ~~Office of People’s 19~~
129		-	~~Counsel, its officers,~~ ~~agents, and personnel;~~ 20
	130	+	(2) Based on the estimate, the Chairman shall determine the amount to be 21
	131	+	paid by each public service company. 22
130	132
131		-	2. the cost of retirement contributions, Social Security, 21
132		-	health insurance, and other benefits required to be paid by the State for the personnel of 22
133		-	the Office of People’s Counsel; 23
	133	+	(3) The Commission shall send a bill to each public service company on or 23
	134	+	before May 1 of each year. 24
134	135
135		-	3. all other maintenance and operation expenses of the Office 24
136		-	of People’s Counsel; and 25
	136	+	(4) (i) The bill shall equal the product of: 25
137	137
138		-	4. all other direct and indirect costs of the Office of People’s 26
139		-	Counsel. 27
	138	+	1. the estimated total costs and expenses of the Commission, 26
	139	+	THE STRATEGIC ENERGY PLANNING OFFICE, and the Office of People’s Counsel during 27
	140	+	the next fiscal year; multiplied by 28
140	141
141		-	(2) Based on the estimate, the Chairman shall determine the amount to be 28
142		-	paid by each public service company. 29
	142	+	2. the ratio of the gross operating revenues for the public 29
	143	+	service company derived from intrastate utility and electricity supplier operations in the 30
	144	+	preceding calendar year, or other 12–month period as the Chairman determines, to the 31
	145	+	total of the gross operating revenues derived from intrastate utility and electricity supplier 32 4 SENATE BILL 909
143	146
144		-	(3) The Commission shall send a bill to each public service company on or 30
145		-	before May 1 of each year. 31 4 SENATE BILL 909
	147	+
	148	+	operations for all public service companies that are billed under this section over that 1
	149	+	period. 2
	150	+
	151	+	(ii) To the extent that the Commission requires an electric company 3
	152	+	to report the gross operating revenue derived from intrastate utility and electricity supplier 4
	153	+	operation in order to calculate the bill under subparagraph (i) of this paragraph, a small 5
	154	+	rural electric cooperative described in § 7–502(a) of this article may satisfy the requirement 6
	155	+	by submitting to the Commission an estimate made in accordance with a formula approved 7
	156	+	by the Commission from information that the small rural electric cooperative submits to 8
	157	+	the rural utilities service. 9
	158	+
	159	+	(5) The minimum bill for a public service company shall be $10. 10
	160	+
	161	+	(6) The public service company: 11
	162	+
	163	+	(i) shall pay the bill on or before the next July 15; or 12
	164	+
	165	+	(ii) may elect to make partial payments on the 15th days of July, 13
	166	+	October, January, and April. 14
	167	+
	168	+	(7) A partial payment shall equal 25% of the bill and may not be less than 15
	169	+	$10. 16
	170	+
	171	+	(8) During any State fiscal year, the Chairman may change the estimate of 17
	172	+	costs and expenses of the Commission, THE ESTIMATE OF COST S AND EXPENSES OF TH E 18
	173	+	STRATEGIC ENERGY PLANNING OFFICE, AS CHANGED BY THE STRATEGIC ENERGY 19
	174	+	PLANNING OFFICE, and the estimate of costs and expenses of the Office of People’s 20
	175	+	Counsel, as changed by the People’s Counsel. 21
	176	+
	177	+	(9) (i) If the estimate is changed, the Commission shall send a revised 22
	178	+	bill to each public service company that has elected to make partial payments. 23
	179	+
	180	+	(ii) The change shall be apportioned equally against the remaining 24
	181	+	payments for the fiscal year. 25
	182	+
	183	+	(10) (i) On or before September 15 of each year, the Chairman shall 26
	184	+	compute: 27
	185	+
	186	+	1. the actual costs and expenses of the Commission[,]; 28
	187	+
	188	+	2. THE ACTUAL COSTS AND EXPENSES OF THE 29
	189	+	STRATEGIC ENERGY PLANNING OFFICE, AS PROVIDED BY THE STRATEGIC ENERGY 30
	190	+	PLANNING OFFICE FOR THE PRECED ING FISCAL YEAR; and 31
	191	+
	192	+	3. the actual costs and expenses of the Office of People’s 32
	193	+	Counsel, as provided by the People’s Counsel for the preceding fiscal year. 33 SENATE BILL 909 5
146	194
147	195
148	196
149		-	(4) (i) The bill shall equal the product of: 1
	197	+	(ii) If the amounts collected are less than the actual costs and 1
	198	+	expenses of the Commission, THE STRATEGIC ENERGY PLANNING OFFICE, and the 2
	199	+	Office of the People’s Counsel, after deducting the amounts recovered under §§ 2–111(a) 3
	200	+	and 2–123 of this subtitle, on or before October 15, the Chairman shall send to any public 4
	201	+	service company that is affected a statement that shows the amount due. 5
150	202
151		-	1. the estimated total costs and expenses of the Commission, 2
152		-	THE STRATEGIC ENERGY PLANNING OFFICE, and the Office of People’s Counsel during 3
153		-	the next fiscal year; multiplied by 4
	203	+	(iii) If the amounts collected exceed the actual costs and expenses of 6
	204	+	the Commission, THE STRATEGIC ENERGY PLANNING OFFICE, and the Office of the 7
	205	+	People’s Counsel for the preceding fiscal year, the Commission shall deduct any excess 8
	206	+	retained funds from the appropriation for the next fiscal year before the Commission 9
	207	+	determines the amount to be paid by each public service company for the next fiscal year 10
	208	+	under paragraph (2) of this subsection. 11
154	209
155		-	2. the ratio of the gross operating revenues for the public 5
156		-	service company derived from intrastate utility and electricity supplier operations in the 6
157		-	preceding calendar year, or other 12–month period as the Chairman determines, to the 7
158		-	total of the gross operating revenues derived from intrastate utility and electricity supplier 8
159		-	operations for all public service companies that are billed under this section over that 9
160		-	period. 10
	210	+	(11) A public service company shall pay an amount due within 30 days after 12
	211	+	the statement is received. 13
161	212
162		-	(ii) To the extent that the Commission requires an electric company 11
163		-	to report the gross operating revenue derived from intrastate utility and electricity supplier 12
164		-	operation in order to calculate the bill under subparagraph (i) of this paragraph, a small 13
165		-	rural electric cooperative described in § 7–502(a) of this article may satisfy the requirement 14
166		-	by submitting to the Commission an estimate made in accordance with a formula approved 15
167		-	by the Commission from information that the small rural electric cooperative submits to 16
168		-	the rural utilities service. 17
	213	+	(12) The total amount that may be charged to a public service company 14
	214	+	under this section for a State fiscal year may not exceed: 15
169	215
170		-	(5) The minimum bill for a public service company shall be $10. 18
	216	+	(i) 0.50% of the public service company’s gross operating revenues 16
	217	+	derived from intrastate utility and electricity supplier operations in the preceding calendar 17
	218	+	year, or other 12–month period that the Chairman determines, for the costs and expenses 18
	219	+	of the Commission other than that of the STRATEGIC ENERGY PLANNING OFFICE AND 19
	220	+	THE Office of People’s Counsel; plus 20
171	221
172		-	(6) The public service company: 19
	222	+	(ii) 0.074% OF THOSE REVENUES FOR THE COSTS AND 21
	223	+	EXPENSES OF THE STRATEGIC ENERGY PLANNING OFFICE; PLUS 22
173	224
174		-	(i) shall pay the bill on or before the next July 15; or 20
	225	+	(III) 0.074% of those revenues for the costs and expenses of the Office 23
	226	+	of People’s Counsel. 24
175	227
176		-	(ii) ~~may elect to make partial payments on~~ the ~~15th days of July,~~ 21
177		-	~~October~~, ~~January, and April~~. 22
	228	+	(d) (1) Within 30 days after the Commission issues a bill under subsection (c) 25
	229	+	of this section, the party billed may request a hearing as to the amount of the bill. 26
178	230
179		-	(7) A partial payment shall equal 25% of the bill and may not be less than 23
180		-	$10. 24
	231	+	(2) Any amount of a bill that is not paid within 30 days after the date of 27
	232	+	determination on a hearing or, if a hearing is not requested, on the date when payment is 28
	233	+	due, shall bear annual interest at a rate, not less than 6%, that the Commission sets by 29
	234	+	regulation. 30
181	235
182		-	(8) During any State fiscal year, the Chairman may change the estimate of 25
183		-	costs and expenses of the Commission, THE ESTIMATE OF COST S AND EXPENSES OF TH E 26
184		-	STRATEGIC ENERGY PLANNING OFFICE, AS CHANGED BY THE STRATEGIC ENERGY 27
185		-	PLANNING OFFICE, and the estimate of costs and expenses of the Office of People’s 28
186		-	Counsel, as changed by the People’s Counsel. 29
	236	+	2–110.1. 31
187	237
188		-	(9) (i) If the estimate is changed, the Commission shall send a revised 30
189		-	bill to each public service company that has elected to make partial payments. 31
	238	+	(a) There is a Public Utility Regulation Fund. 32
190	239
191		-	(ii) The change shall be apportioned equally against the remaining 32
192		-	payments for the fiscal year. 33
193		-	SENATE BILL 909 5
194		-
195		-
196		-	(10) (i) On or before September 15 of each year, the Chairman shall 1
197		-	compute: 2
198		-
199		-	1. the actual costs and expenses of the Commission[,]; 3
200		-
201		-	2. THE ACTUAL COSTS AND EXPENSES OF THE 4
202		-	STRATEGIC ENERGY PLANNING OFFICE, AS PROVIDED BY THE STRATEGIC ENERGY 5
203		-	PLANNING OFFICE FOR THE PRECED ING FISCAL YEAR; and 6
204		-
205		-	3. the actual costs and expenses of the Office of People’s 7
206		-	Counsel, as provided by the People’s Counsel for the preceding fiscal year. 8
207		-
208		-	(ii) If the amounts collected are less than the actual costs and 9
209		-	expenses of the Commission, THE STRATEGIC ENERGY PLANNING OFFICE, and the 10
210		-	Office of the People’s Counsel, after deducting the amounts recovered under §§ 2–111(a) 11
211		-	and 2–123 of this subtitle, on or before October 15, the Chairman shall send to any public 12
212		-	service company that is affected a statement that shows the amount due. 13
213		-
214		-	(iii) If the amounts collected exceed the actual costs and expenses of 14
215		-	the Commission, THE STRATEGIC ENERGY PLANNING OFFICE, and the Office of the 15
216		-	People’s Counsel for the preceding fiscal year, the Commission shall deduct any excess 16
217		-	retained funds from the appropriation for the next fiscal year before the Commission 17
218		-	determines the amount to be paid by each public service company for the next fiscal year 18
219		-	under paragraph (2) of this subsection. 19
220		-
221		-	(11) A public service company shall pay an amount due within 30 days after 20
222		-	the statement is received. 21
223		-
224		-	(12) The total amount that may be charged to a public service company 22
225		-	under this section for a State fiscal year may not exceed: 23
226		-
227		-	(i) 0.50% of the public service company’s gross operating revenues 24
228		-	derived from intrastate utility and electricity supplier operations in the preceding calendar 25
229		-	year, or other 12–month period that the Chairman determines, for the costs and expenses 26
230		-	of the Commission other than that of the STRATEGIC ENERGY PLANNING OFFICE AND 27
231		-	THE Office of People’s Counsel; plus 28
232		-
233		-	(ii) 0.074% OF THOSE REVENUES FO R THE COSTS AND 29
234		-	EXPENSES OF THE STRATEGIC ENERGY PLANNING OFFICE; PLUS 30
235		-
236		-	(III) 0.074% of those revenues for the costs and expenses of the Office 31
237		-	of People’s Counsel. 32
238		-
239		-	(d) (1) Within 30 days after the Commission issues a bill under subsection (c) 33
240		-	of this section, the party billed may request a hearing as to the amount of the bill. 34
	240	+	(b) The Fund consists of: 33
241	241		6 SENATE BILL 909
242	242
243	243
244		-	(2) Any amount of a bill that is not paid within 30 days after the date of 1
245		-	determination on a hearing or, if a hearing is not requested, on the date when payment is 2
246		-	due, shall bear annual interest at a rate, not less than 6%, that the Commission sets by 3
247		-	regulation. 4
	244	+	(1) all revenue received through the imposition and collection of 1
	245	+	assessments under § 2–110 of this subtitle; 2
248	246
249		-	2–110.1. 5
	247	+	(2) fees received by the Commission under § 2–123 of this subtitle for 3
	248	+	filings and for other services rendered by the Commission; 4
250	249
251		-	(a) There is a Public Utility Regulation Fund. 6
	250	+	(3) income from investments that the State Treasurer makes for the Fund; 5
	251	+	and 6
252	252
253		-	(b) The Fund consists of: 7
	253	+	(4) any other fee, examination assessment, or revenue received by the 7
	254	+	Commission under this division. 8
254	255
255		-	(1) all revenue received through the imposition and collection of 8
256		-	assessments under § 2–110 of this subtitle; 9
	256	+	(c) Notwithstanding subsection (b) of this section, the Commission shall pay all 9
	257	+	fines and penalties collected by the Commission under this article into the Resiliency Hub 10
	258	+	Grant Program Fund established under § 9–2011 of the State Government Article. 11
257	259
258		-	(2) fees received by the Commission under § 2–123 of this subtitle for 10
259		-	filings and for other services rendered by the Commission; 11
	260	+	(d) The purpose of the Fund is to pay all the costs and expenses incurred by the 12
	261	+	Commission, THE STRATEGIC ENERGY PLANNING OFFICE, and the Office of People’s 13
	262	+	Counsel that are related to the operation of the Commission, THE STRATEGIC ENERGY 14
	263	+	PLANNING OFFICE, and the Office of People’s Counsel, including: 15
260	264
261		-	(3) income from investments that the State Treasurer makes for the Fund; 12
262		-	and 13
	265	+	(1) expenditures authorized under this division; and 16
263	266
264		-	(4) any other fee, examination assessment, or revenue received by the 14
265		-	Commission under this division. 15
	267	+	(2) any other expense authorized in the State budget. 17
266	268
267		-	(c) ~~Notwithstanding subsection (b)~~ of ~~this section~~, the ~~Commission shall pay all 16~~
268		-	~~fines~~ and ~~penalties collected by~~ the ~~Commission under this article into the Resiliency Hub 17~~
269		-	~~Grant Program Fund established under § 9–2011 of the~~ State ~~Government Article~~. 18
	269	+	(e) (1) All the costs and expenses of the Commission, THE STRATEGIC 18
	270	+	ENERGY PLANNING OFFICE, and the Office of People’s Counsel shall be included in the 19
	271	+	State budget. 20
270	272
271		-	(d) The purpose of the Fund is to pay all the costs and expenses incurred by the 19
272		-	Commission, THE STRATEGIC ENERGY PLANNING OFFICE, and the Office of People’s 20
273		-	Counsel that are related to the operation of the Commission, THE STRATEGIC ENERGY 21
274		-	PLANNING OFFICE, and the Office of People’s Counsel, including: 22
	273	+	(2) Expenditures from the Fund to cover costs and expenses of the 21
	274	+	Commission, THE STRATEGIC ENERGY PLANNING OFFICE, and Office of People’s 22
	275	+	Counsel may only be made: 23
275	276
276		-	(1) expenditures authorized under this division; and 23
	277	+	(i) with an appropriation from the Fund approved by the General 24
	278	+	Assembly in the State budget; or 25
277	279
278		-	(2) any other expense authorized in the State budget. 24
	280	+	(ii) by budget amendment in accordance with § 7–209 of the State 26
	281	+	Finance and Procurement Article. 27
279	282
280		-	(e) (1) All the costs and expenses of the Commission, THE STRATEGIC 25
281		-	ENERGY PLANNING OFFICE, and the Office of People’s Counsel shall be included in the 26
282		-	State budget. 27
	283	+	(f) (1) The State Treasurer is the custodian of the Fund. 28
283	284
284		-	(2) ~~Expenditures~~ from the ~~Fund to cover costs and expenses of the 28~~
285		-	Commission, THE ~~STRATEGIC ENERGY PLANNING OFFICE, and Office of People’s 29~~
286		-	~~Counsel may only be made:~~ 30
	285	+	(2) The State Treasurer shall deposit payments received from the 29
	286	+	Commission into the Fund. 30
	287	+	SENATE BILL 909 7
287	288
288		-	(i) with an appropriation from the Fund approved by the General 31
289		-	Assembly in the State budget; or 32 SENATE BILL 909 7
	289	+
	290	+	(g) (1) The Fund is a continuing, special, nonlapsing fund that is not subject 1
	291	+	to § 7–302 of the State Finance and Procurement Article, and may not be considered a part 2
	292	+	of the General Fund of the State. 3
	293	+
	294	+	(2) Unless otherwise provided by law, no part of the Fund may revert or be 4
	295	+	credited to: 5
	296	+
	297	+	(i) the General Fund of the State; or 6
	298	+
	299	+	(ii) any other special fund of the State. 7
	300	+
	301	+	SUBTITLE 12. INTEGRATED RESOURCE STRATEGIC ENERGY PLANNING OFFICE. 8
	302	+
	303	+	7–1201. 9
	304	+
	305	+	(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 10
	306	+	INDICATED. 11
	307	+
	308	+	(B) “DEMAND ELEMENT ” MEANS A SPECIFIC FAC TOR OR COMPONENT THA T 12
	309	+	CONTRIBUTES TO THE O VERALL ELECTRICITY L OAD OR DEMAND . 13
	310	+
	311	+	(C) (B) “DIRECTOR” MEANS THE DIRECTOR OF THE INTEGRATED 14
	312	+	RESOURCE STRATEGIC ENERGY PLANNING OFFICE. 15
	313	+
	314	+	(D) “FORECAST” MEANS THE COMPREHENSIVE ENERGY FORECAST. 16
	315	+
	316	+	(E) (C) “OFFICE” MEANS THE INTEGRATED RESOURCE STRATEGIC 17
	317	+	ENERGY PLANNING OFFICE. 18
	318	+
	319	+	(D) “PJM REGION” HAS THE MEANING STAT ED IN § 7–701 OF THIS TITLE. 19
	320	+
	321	+	(E) “RISK REPORT” MEANS THE COMPREHENSIVE WHOLESALE ENERGY 20
	322	+	MARKETS AND BULK POWER SYSTEM RISK REPORT DEVELOPED UNDE R § 7–1203 21
	323	+	OF THIS SUBTITLE. 22
	324	+
	325	+	7–1202. 23
	326	+
	327	+	(A) THERE IS AN INTEGRATED RESOURCE A STRATEGIC ENERGY 24
	328	+	PLANNING OFFICE IN THE COMMISSION. 25
	329	+
	330	+	(B) (1) THE HEAD OF THE OFFICE IS THE DIRECTOR. 26
	331	+
	332	+	(2) (I) THE DIRECTOR SHALL : 27
	333	+	8 SENATE BILL 909
	334	+
	335	+
	336	+	(I) BE APPOINTED BY THE GOVERNOR WITH THE ADV ICE AND 1
	337	+	CONSENT OF THE SENATE; AND 2
	338	+
	339	+	(II) SERVE AT THE PLEASUR E OF THE GOVERNOR. 3
	340	+
	341	+	(II) THE TERM OF THE DIRECTOR IS 5 YEARS AND BEGINS ON 4
	342	+	JULY 1. 5
	343	+
	344	+	(III) AT THE END OF A TERM , THE DIRECTOR CONTINUES TO 6
	345	+	SERVE UNTIL A SUCCES SOR IS APPOINTED AND QUALIFIES. 7
	346	+
	347	+	(IV) A DIRECTOR WHO IS APPOI NTED AFTER A TERM HA S BEGUN 8
	348	+	SERVES FOR THE REST OF THE TERM AND UNTI L A SUCCESSOR IS APP OINTED AND 9
	349	+	QUALIFIES. 10
	350	+
	351	+	(V) A DIRECTOR MAY SERVE MO RE THAN ONE TERM . 11
	352	+
	353	+	(3) THE GOVERNOR MAY REMOVE T HE DIRECTOR FOR 12
	354	+	INCOMPETENCE OR MISC ONDUCT IN ACCORDANCE WITH § 3–307 OF THE STATE 13
	355	+	GOVERNMENT ARTICLE. 14
	356	+
	357	+	(4) THE DIRECTOR IS ENTITLED TO A SALARY AS PROVI DED IN THE 15
	358	+	STATE BUDGET . 16
	359	+
	360	+	(C) (1) THE COMMISSION SHALL PROV IDE THE OFFICE WITH SUFFICIEN T 17
	361	+	STAFF AND RESOURCES TO PERFORM THE FUNCT IONS OF THIS SUBTITL E. 18
	362	+
	363	+	(C) (1) THE OFFICE SHALL HAVE THE STAFF PROVIDED FOR I N THE 19
	364	+	STATE BUDGET . 20
	365	+
	366	+	(2) THE OFFICE MAY HIRE A PRIVATE CONSULTANT CONSULTANTS IF 21
	367	+	NECESSARY TO CARRY O UT THE REQUIREMENTS OF THIS SUBTITLE. 22
	368	+
	369	+	(D) IN ORDER TO CARRY OUT THE REQUIREMENTS OF THIS SUBTITLE, THE 23
	370	+	OFFICE SHALL COLLABOR ATE WITH: 24
	371	+
	372	+	(1) THE MARYLAND ENERGY ADMINISTRATION ; 25
	373	+
	374	+	(2) THE COMMISSION; 26
	375	+
	376	+	(3) THE POWER PLANT RESEARCH PROGRAM; 27
	377	+
	378	+	(4) THE MARYLAND CLEAN ENERGY CENTER; AND 28
	379	+
	380	+	(5) THE DEPARTMENT OF THE ENVIRONMENT . 29 SENATE BILL 909 9
290	381
291	382
292	383
293		-	(ii) by budget amendment in accordance with § 7–209 of the State 1
294		-	Finance and Procurement Article. 2
	384	+	(E) THE OFFICE SHALL COORDINA TE WITH THE COMMISSION TO 1
	385	+	ESTABLISH PROCEDURES AND RULES TO OBTAIN INFORMATION FROM ELE CTRIC 2
	386	+	COMPANIES AND GAS CO MPANIES NECESSARY TO ACCOMPLISH THE OFFICE’S 3
	387	+	DUTIES UNDER THIS SU BTITLE. 4
295	388
296		-	~~(f) (1) The State Treasurer is the custodian of the Fund~~. 3
	389	+	7–1203. 5
297	390
298		-	(2) The State Treasurer shall deposit payments received from the 4
299		-	Commission into the Fund. 5
	391	+	(A) (1) EVERY 3 YEARS, THE OFFICE SHALL DEVELOP A 6
	392	+	COMPREHENSIVE WHOLESALE ENERGY MARKETS AND BULK POWER SYSTEM RISK 7
	393	+	REPORT. 8
300	394
301		-	(g) (1) The Fund is a continuing, special, nonlapsing fund that is not subject 6
302		-	to § 7–302 of the State Finance and Procurement Article, and may not be considered a part 7
303		-	of the General Fund of the State. 8
	395	+	(2) THE PURPOSE OF THE RISK REPORT IS TO: 9
304	396
305		-	(2) Unless otherwise provided by law, no part of the Fund may revert or be 9
306		-	credited to: 10
	397	+	(I) ASSESS WHOLESALE ENE RGY MARKET FINANCIAL , 10
	398	+	RESOURCE ADEQUACY , AND RELIABILITY RISK S ASSOCIATED WITH SE RVING THE 11
	399	+	STATE’S LONG–TERM ENERGY NEEDS ; AND 12
307	400
308		-	(i) the General Fund of the State; or 11
	401	+	(II) IDENTIFY ANY NECESSA RY COST–EFFECTIVE SOLUTIONS 13
	402	+	THAT ENSURE ELECTRIC SYSTEM RELIABILITY W HILE MEETING THE STATE’S 14
	403	+	ENERGY POLICY GOALS . 15
309	404
310		-	(ii) any other special fund of the State. 12
	405	+	(3) THE SOLUTIONS IDENTIF IED IN THE RISK REPORT SHALL SEEK 16
	406	+	TO: 17
311	407
312		-	SUBTITLE 12. INTEGRATED RESOURCE STRATEGIC ENERGY PLANNING OFFICE. 13
	408	+	(I) MINIMIZE THE GROWTH OF THE COST OF ELECT RICITY OR 18
	409	+	LOWER THE COST OF EL ECTRICITY; AND 19
313	410
314		-	~~7–1201~~. 14
	411	+	(II) MINIMIZE ENERGY RESO URCE RELIABILITY RIS KS. 20
315	412
316		-	(A) ~~IN THIS SUBTITLE~~ THE ~~FOLLOWING WORDS HAVE THE MEANINGS 15~~
317		-	~~INDICATED. 16~~
	413	+	(B) (1) THE RISK REPORT SHALL INCLUDE ENERGY AND DEMAND 21
	414	+	FORECASTS THAT CONTA IN: 22
318	415
319		-	(B) ~~“DEMAND ELEMENT ” MEANS A SPECIFIC FAC TOR OR COMPONENT THA T 17~~
320		-	~~CONTRIBUTES TO THE O VERALL ELECTRICITY~~ LOAD ~~OR DEMAND . 18~~
	416	+	(I) REASONABLE , 20–YEAR PROJECTIONS FOR ELECTRICITY 23
	417	+	LOAD AND ENERGY DEMA NDS FOR: 24
321	418
322		-	(C) (B) “DIRECTOR” MEANS THE DIRECTOR OF THE INTEGRATED 19
323		-	RESOURCE STRATEGIC ENERGY PLANNING OFFICE. 20
	419	+	1. TRANSMISSION ZONES ; AND 25
324	420
325		-	~~(D) “FORECAST” MEANS THE COMPREHENSIVE ENERGY FORECAST~~. 21
	421	+	2. ELECTRIC SERVICE TER RITORIES; AND 26
326	422
327		-	(E) (C) “OFFICE” MEANS THE INTEGRATED RESOURCE STRATEGIC 22
328		-	ENERGY PLANNING OFFICE. 23
	423	+	(II) PROJECTIONS FOR MEETING STATE ENERGY NEEDS AN D 27
	424	+	CLEAN ENERGY GOALS A ND LOAD FORECASTS IN THE PJM REGION, INCLUDING: 28
	425	+	10 SENATE BILL 909
329	426
330		-	(D) “PJM REGION” HAS THE MEANING STAT ED IN § 7–701 OF THIS TITLE. 24
331	427
332		-	~~(E) “RISK~~ ~~REPORT” MEANS THE COMPREHENSIVE WHOLESALE~~ ENERGY 25
333		-	~~MARKETS~~ AND ~~BULK POWER SYSTEM RISK REPORT DEVELOPED UNDE R § 7–1203 26~~
334		-	OF ~~THIS SUBTITLE.~~ 27
	428	+	1. LOW, AVERAGE, AND HIGH PROJECTIONS OF ENERGY 1
	429	+	DEMAND BASED ON STATE POLICIES AND OT HER REASONABLE ASSUM PTIONS THAT 2
	430	+	IMPACT THE PROVISION OF ELECTRICITY IN THE STATE; AND 3
335	431
336		-	7–1202. 28 8 SENATE BILL 909
	432	+	2. OTHER PROJECTIONS AS NECESSARY. 4
	433	+
	434	+	(2) IN COLLECTING THE DAT A FOR THE FORECASTS UNDER 5
	435	+	PARAGRAPH (1) OF THIS SUBSECTION , THE OFFICE SHOULD, BUT IS NOT REQUIRED 6
	436	+	TO, USE: 7
	437	+
	438	+	(I) HISTORICAL AND PROJE CTED INFORMATION FRO M 8
	439	+	ELECTRIC COMPANIES ; 9
	440	+
	441	+	(II) LOAD FORECASTS FOR T HE PJM REGION; 10
	442	+
	443	+	(III) APPROPRIATE ECONOMET RIC DATA FOR THE STATE; AND 11
	444	+
	445	+	(IV) ANY OTHER INFORMATIO N THE OFFICE CONSIDERS 12
	446	+	APPROPRIATE . 13
	447	+
	448	+	(C) (1) THE OFFICE SHALL EXAMINE DIFFERENT WHOLESALE ENERGY 14
	449	+	MARKET AND BULK POWER SYSTE M SCENARIOS TO SERVE THE FORECASTS UNDER 15
	450	+	SUBSECTION (B) OF THIS SECTION. 16
	451	+
	452	+	(2) EACH SCENARIO EXAMINE D SHALL: 17
	453	+
	454	+	(I) IDENTIFY THE RESULTI NG WHOLESALE ENERGY MARKET 18
	455	+	AND BULK POWER SYSTE M FINANCIAL AND RESO URCE ADEQUACY IMPACT S OF 19
	456	+	SERVING THE FORECAST S WITH THE EXISTING ELECTRIC SYSTEM , KNOWN 20
	457	+	ADDITIONS TO THE ELE CTRIC SYSTEM , AND ELECTRIC SYSTEM RESOURCE 21
	458	+	RETIREMENTS ; AND 22
	459	+
	460	+	(II) IDENTIFY RESOURCE AN D DEMAND –SIDE MANAGEMENT 23
	461	+	SOLUTIONS THAT MAY R ESOLVE POTENTIAL RES OURCE ADEQUACY ISSU ES AT THE 24
	462	+	LEAST COST. 25
	463	+
	464	+	(3) FOR A SUBSET OF SCENA RIOS THAT ARE PRIMAR ILY RELIED ON 26
	465	+	WITHIN THE RISK REPORT, THE OFFICE SHALL , IN ADDITION TO THE 27
	466	+	REQUIREMENTS OF PARA GRAPH (2) OF THIS SUBSECTION : 28
	467	+
	468	+	(I) IDENTIFY THE RESULTI NG WHOLESALE MARKET AND BULK 29
	469	+	POWER SYSTEM RELIABILITY IMPACTS OF SERVING T HE FORECASTS WITH TH E 30
	470	+	EXISTING ELECTRIC SY STEM, KNOWN ADDITIONS TO T HE ELECTRIC SYSTEM , AND 31
	471	+	ELECTRIC SYSTEM RESO URCE RETIREMENTS ; AND 32 SENATE BILL 909 11
337	472
338	473
339	474
340		-	(A) THERE IS AN INTEGRATED RESOURCE A STRATEGIC ENERGY 1
341		-	PLANNING OFFICE IN THE COMMISSION. 2
	475	+	(II) IDENTIFY RESOURCE AN D DEMAND –SIDE MANAGEMENT 1
	476	+	SOLUTIONS THAT MAY R ESOLVE POTENTIAL RELIABILIT Y CONSTRAINTS AT THE 2
	477	+	LEAST COST. 3
342	478
343		-	(B) ~~(1) THE HEAD OF THE OFFICE IS THE DIRECTOR. 3~~
	479	+	(4) EACH SCENARIO SHALL A LSO EXAMINE: 4
344	480
345		-	(2) (I) THE DIRECTOR SHALL : 4
	481	+	(I) DIFFERENT ENERGY RES OURCE MIXES TO MEET THE 5
	482	+	STATE’S ENERGY NEEDS , INCLUDING THE USE OF DEMAND–SIDE MANAGEMENT ; 6
346	483
347		-	(I) ~~BE APPOINTED BY~~ THE ~~GOVERNOR WITH THE ADV ICE AND 5~~
348		-	~~CONSENT OF THE SENATE~~; ~~AND 6~~
	484	+	(II) DIFFERENT APPROACHES FOR MEETING THE STATE’S 7
	485	+	CLEAN ENERGY GOALS ; 8
349	486
350		-	(II) SERVE AT THE PLEASURE OF T HE GOVERNOR. 7
	487	+	(III) IMPROVEMENTS TO EXIS TING ENERGY RESOURCE S AS 9
	488	+	OPPOSED TO THE DEPLO YMENT OF NEW ENERGY RESOURCES; 10
351	489
352		-	(II) THE TERM OF THE DIRECTOR IS 5 YEARS AND BEGINS ON 8
353		-	JULY 1. 9
	490	+	(IV) BALANCING THE USE OF ELECTRICITY IMPORTED FROM 11
	491	+	OUTSIDE THE STATE WITH THE DEVELO PMENT OF NEW ENERGY RESOURCES IN THE 12
	492	+	STATE; 13
354	493
355		-	(~~III~~) ~~AT THE END OF A TERM , THE DIRECTOR CONTINUES TO 10~~
356		-	~~SERVE UNTIL A SUCCES SOR IS APPOINTED AND QUALIFIES. 11~~
	494	+	(V) FINANCIAL AND OTHER RISKS ASSOCIATED WIT H RETIRING 14
	495	+	ENERGY GENERATION RE SOURCES; 15
357	496
358		-	(IV) A DIRECTOR WHO IS APPOI NTED AFTER A TERM HAS BEGUN 12
359		-	SERVES FOR THE REST OF THE TERM AND UNTI L A SUCCESSOR IS APP OINTED AND 13
360		-	QUALIFIES. 14
	497	+	(VI) DIRECTIONAL ASSESSIN G OF COST RISKS TO R ATEPAYERS; 16
	498	+	AND 17
361	499
362		-	(V) A DIRECTOR MAY SERVE MO RE THAN ONE TERM . 15
	500	+	(VII) IMPACTS TO THE WHOLE SALE ENERGY MARKET A ND BULK 18
	501	+	POWER SYSTEM IN MEET ING THE STATE’S POLICY GOALS RELAT ED TO ELECTRICITY . 19
363	502
364		-	(3) THE GOVERNOR MAY REMOVE T HE DIRECTOR FOR 16
365		-	INCOMPETENCE OR MISC ONDUCT IN ACCORDANCE WITH § 3–307 OF THE STATE 17
366		-	GOVERNMENT ARTICLE. 18
	503	+	(5) THE SCENARIOS REQUIRE D UNDER PARAGRAPH (1) OF THIS 20
	504	+	SUBSECTION SHALL INC LUDE: 21
367	505
368		-	(4) THE ~~DIRECTOR IS ENTITLED TO A SALARY AS PROVI DED IN THE 19~~
369		-	STATE ~~BUDGET . 20~~
	506	+	(I) AT LEAST ONE SCENARI O THAT EXAMINES THE 22
	507	+	ACHIEVEMENT OF THE STATE’S CLEAN ENERGY GOALS ; 23
370	508
371		-	(C) ~~(1) THE COMMISSION SHALL PROV IDE THE OFFICE WITH SUFFICIEN~~ T 21
372		-	~~STAFF~~ AND ~~RESOURCES TO PERFORM THE FUNCT IONS OF THIS SUBTITL E. 22~~
	509	+	(II) AT LEAST ONE SCENARI O THAT EXAMINES A LEAS T–COST 24
	510	+	APPROACH TO MEETING THE STATE’S PROJECTED ENERGY N EEDS; AND 25
373	511
374		-	(C) ~~(1) THE OFFICE SHALL HAVE THE STAFF PR OVIDED FOR~~ IN ~~THE 23~~
375		-	STATE ~~BUDGET~~ . 24
	512	+	(III) AT LEAST ONE SCENARI O THAT ASSUMES NO CH ANGES IN 26
	513	+	STATE ENERGY AND CLIM ATE POLICIES. 27
376	514
377		-	(2) THE OFFICE MAY HIRE A PRIVATE CONSULTANT CONSULTANTS IF 25
378		-	NECESSARY TO CARRY O UT THE REQUIREMENTS OF THIS SUBTITLE. 26
379		-
380		-	(D) IN ORDER TO CARRY OUT THE REQUIREMENTS OF THIS SUBTITLE, THE 27
381		-	OFFICE SHALL COLLABORATE WITH : 28
382		-	SENATE BILL 909 9
	515	+	(D) (1) THE RISK REPORT SHALL: 28
	516	+	12 SENATE BILL 909
383	517
384	518
385		-	(1) THE MARYLAND ENERGY ADMINISTRATION ; 1
	519	+	(I) BE INFORMED BY THE F ORECASTS AND S CENARIOS 1
	520	+	REQUIRED UNDER THIS SECTION; 2
386	521
387		-	(2) THE COMMISSION; 2
	522	+	(II) PROVIDE INFORMATION ON THE RISKS ASSOCIA TED WITH 3
	523	+	SERVING THE IDENTIFI ED ENERGY FORECASTS AND ACHIEVEMENT OF T HE STATE’S 4
	524	+	CLEAN ENERGY GOALS ; 5
388	525
389		-	(3) THE POWER PLANT RESEARCH PROGRAM; 3
	526	+	(III) DISCUSS THE POTENTIA L FINANCIAL IMPACTS OF THE 6
	527	+	DIFFERENT S CENARIOS EXAMINED UN DER SUBSECTION (C) OF THIS SECTION ON 7
	528	+	THE STATE AND RATEPAYERS ; 8
390	529
391		-	(4) THE MARYLAND CLEAN ENERGY CENTER; AND 4
	530	+	(IV) IDENTIFY THE FINANCI AL, RESOURCE ADEQUACY , AND 9
	531	+	RELIABILITY RISKS OF THE WHOLESALE ENERGY MARKETS AND BULK POW ER 10
	532	+	SYSTEM ON RATEPAYERS ; AND 11
392	533
393		-	(5) THE DEPARTMENT OF THE ENVIRONMENT . 5
	534	+	(V) SPECIFY THE INPUT S AND ASSUMPTIONS US ED IN 12
	535	+	DEVELOPING THE RISK REPORT. 13
394	536
395		-	(E) THE OFFICE SHALL COORDINA TE WITH THE COMMISSION TO 6
396		-	ESTABLISH PROCEDURES AND RULES TO OBTAIN INFORMATION FROM ELE CTRIC 7
397		-	COMPANIES AND GAS CO MPANIES NECESSARY TO ACCOMPLISH THE OFFICE’S 8
398		-	DUTIES UNDER THIS SU BTITLE. 9
	537	+	(2) (I) THE RISK REPORT SHALL ALSO INC LUDE ANY 14
	538	+	RECOMMENDATIONS OF T HE OFFICE REGARDING SHOR T– AND LONG –TERM 15
	539	+	SOLUTIONS TO MINIMIZ E WHOLESALE ENERGY M ARKET AND BULK POWER SYSTEM 16
	540	+	FINANCIAL, RESOURCE ADEQUACY, AND RELIABILITY RISK S, INCLUDING 17
	541	+	STRATEGIES TO IMPLEM ENT ANY RECOMMENDATI ONS. 18
399	542
400		-	~~7–1203. 10~~
	543	+	(II) THE RECOMMENDATIONS M AY INCLUDE: 19
401	544
402		-	~~(A) (1) EVERY 3 YEARS~~, ~~THE OFFICE SHALL DEVELOP A 11~~
403		-	~~COMPREHENSIVE WHOLESALE ENERGY MARKETS AND BULK POWER SYSTEM RISK 12~~
404		-	~~REPORT. 13~~
	545	+	1. ENERGY GENERATION , TRANSMISSION , OR 20
	546	+	DISTRIBUTION RESOURC E DEPLOYMENT OR DEMA ND–SIDE MANAGEMENT 21
	547	+	SOLUTIONS; 22
405	548
406		-	(2~~) THE PURPOSE OF THE RISK REPORT IS TO~~: 14
	549	+	2. PROGRAM DEVELOPMENT , INCLUDING: 23
407	550
408		-	(I) ASSESS WHOLESALE ENE RGY MARKET FINANCIAL , 15
409		-	RESOURCE ADEQUACY , AND RELIABILITY RISK S ASSOCIATED WITH SE RVING THE 16
410		-	STATE’S LONG–TERM ENERGY NEEDS ; AND 17
	551	+	A. ALTERING OR ADDING T O EXISTING PROGRAMS ; OR 24
411	552
412		-	(II) IDENTIFY ANY NECESSA RY COST–EFFECTIVE SOLUTIONS 18
413		-	THAT ENSURE ELECTRIC SYSTEM RELIABILITY W HILE MEETING THE STATE’S 19
414		-	ENERGY POLICY GOALS . 20
	553	+	B. PROPOSING NEW PROGRA MS; 25
415	554
416		-	(3) THE SOLUTIONS IDENTIF IED IN THE RISK REPORT SHALL SEEK 21
417		-	TO: 22
	555	+	3. STATUTORY OR REGULAT ORY CHANGES ; AND 26
418	556
419		-	(I) MINIMIZE THE GROWTH OF THE COST OF ELECTRICITY OR 23
420		-	LOWER THE COST OF EL ECTRICITY; AND 24
	557	+	4. RECOMMENDATIONS TO T HE GENERAL ASSEMBLY TO 27
	558	+	IMPLEMENT SHORT – AND LONG –TERM RECOMMENDATIONS IDENTIFIED IN 28
	559	+	SUBPARAGRAPH (I) OF THIS PARAGRAPH , INCLUDING: 29
421	560
422		-	(II) MINIMIZE ENERGY RESO URCE RELIABILITY RIS KS. 25
423		-
424		-	(B) (1) THE RISK REPORT SHALL INCLUDE ENERGY AND DEMAND 26
425		-	FORECASTS THAT CONTA IN: 27
426		-
427		-	(I) REASONABLE , 20–YEAR PROJECTIONS FOR ELECTRICITY 28
428		-	LOAD AND ENERGY DEMA NDS FOR: 29 10 SENATE BILL 909
	561	+	A. UTILIZING EXISTING O R CREATING NEW MARKE T 30
	562	+	STRUCTURES ; 31 SENATE BILL 909 13
429	563
430	564
431	565
432		-	1. TRANSMISSION ZONES ; AND 1
	566	+	B. UTILIZING EXISTING O R CREATING NEW STATE 1
	567	+	PROGRAMS; 2
433	568
434		-	2. ELECTRIC SERVICE TER RITORIES; AND 2
	569	+	C. STATE FINANCING OPTIO NS, INCLUDING STATE 3
	570	+	PROCUREMENT AND MULTISTATE PROCUREME NT; 4
435	571
436		-	(II) PROJECTIONS FOR MEET ING STATE ENERGY NEEDS AN D 3
437		-	CLEAN ENERGY GOALS A ND LOAD FORECASTS IN THE PJM REGION, INCLUDING: 4
	572	+	D. ELECTRIC COMPANY PRO CUREMENT OR PROGRAMS ; 5
438	573
439		-	1. LOW, AVERAGE, AND HIGH PROJECTIONS OF ENERGY 5
440		-	DEMAND BASED ON STATE POLICIES AND OT HER REASONABLE ASSUM PTIONS THAT 6
441		-	IMPACT THE PROVISION OF ELECTRICITY IN TH E STATE; AND 7
	574	+	E. EXAMINING THE MIX OF IN–STATE GENERATION 6
	575	+	VERSUS RELYING ON IM PORTS AND DEMAND –SIDE MANAGEMENT ; AND 7
442	576
443		-	2. OTHER PROJECTIONS AS NECESSARY. 8
	577	+	F. ANY OTHER RECOMMENDA TIONS THAT THE OFFICE 8
	578	+	CONSIDERS APPROPRIAT E. 9
444	579
445		-	(2) IN COLLECTING THE DATA FOR THE FOR ECASTS UNDER 9
446		-	PARAGRAPH (1) OF THIS SUBSECTION , THE OFFICE SHOULD, BUT IS NOT REQUIRED 10
447		-	TO, USE: 11
	580	+	(III) IF THE OFFICE DETERMINES THA T THE IDENTIFIED RIS KS 10
	581	+	ARE ACCEPTABLE OR TH AT EXISTING MARKET D ESIGNS, PROCESSES, OR POLICIES 11
	582	+	WILL ADEQUATELY ADDR ESS THE RISKS IDENTI FIED IN THE RISK REPORT, THE 12
	583	+	OFFICE MAY RECOMMEND THAT NO ACTIONS BE T AKEN. 13
448	584
449		-	(I) HISTORICAL AND PROJE CTED INFORMATION FRO M 12
450		-	ELECTRIC COMPANIES ; 13
	585	+	(IV) THE OFFICE SHALL SUPPORT THE RECOMMENDATIONS BY 14
	586	+	ANALYSES THAT BALANC E AFFORDABILITY , RELIABILITY, AND GREENHOUSE GAS 15
	587	+	EMISSIONS REDUCTIONS . 16
451	588
452		-	~~(II) LOAD FORECASTS FOR T HE PJM REGION; 14~~
	589	+	7–1204. 17
453	590
454		-	(~~III~~) ~~APPROPRIATE ECON OMETRIC DATA FOR~~ THE ~~STATE; AND 15~~
	591	+	(A) (1) THE OFFICE SHALL: 18
455	592
456		-	(IV) ~~ANY OTHER INFORMATIO N~~ THE ~~OFFICE CONSIDERS 16~~
457		-	~~APPROPRIATE . 17~~
	593	+	(I) DEVELOP AND MAINTAIN THE TOOLS AND RESOUR CES 19
	594	+	NECESSARY TO COMPLET E THE ANALYSES REQUIRED UNDE R THIS SUBTITLE; 20
458	595
459		-	(C) ~~(1) THE OFFICE SHALL EXAMINE DIFFERENT WHOLESALE ENERGY 18~~
460		-	~~MARKET~~ AND ~~BULK POWE R SYSTEM SCENARIOS T O SERVE~~ THE ~~FORECAST S UNDER 19~~
461		-	~~SUBSECTION (B) OF~~ THIS ~~SECTION. 20~~
	596	+	(II) COORDINATE WITH PJM INTERCONNECTION , LLC TO 21
	597	+	DEVELOP AND MAINTAIN THE TOOLS NECESSARY TO COMPLETE THE ANAL YSES 22
	598	+	REQUIRED UNDER THIS SUBTITLE; 23
462	599
463		-	(2) EACH SCENARIO EXAMINE D SHALL: 21
	600	+	(III) HAVE THE ABILITY TO CONDUCT COST –BENEFIT ANALYSES 24
	601	+	OF: 25
464	602
465		-	(I) IDENTIFY THE RESULTI NG WHOLESALE ENERGY MARKET 22
466		-	AND BULK POWER SYSTE M FINANCIAL AND RESO URCE ADEQUACY IMPACT S OF 23
467		-	SERVING THE FORECAST S WITH THE EXISTING ELECTRIC SYSTEM , KNOWN 24
468		-	ADDITIONS TO THE ELE CTRIC SYSTEM, AND ELECTRIC SYSTEM RESOURCE 25
469		-	RETIREMENTS ; AND 26
	603	+	1. ENERGY GENERATION RE SOURCES IN WHOLESALE 26
	604	+	ENERGY MARKETS ; AND 27
470	605
471		-	(II) IDENTIFY RESOURCE AN D DEMAND –SIDE MANAGEMENT 27
472		-	SOLUTIONS THAT MAY R ESOLVE POTENTIAL RES OURCE ADEQUACY ISSUE S AT THE 28
473		-	LEAST COST. 29
474		-	SENATE BILL 909 11
	606	+	2. DIFFERENT FORMS OF L EVELIZED COSTS OF 28
	607	+	ELECTRICITY AND LEVE LIZED FULL SYSTEM CO STS OF ELECTRICITY ; AND 29
	608	+	14 SENATE BILL 909
475	609
476	610
477		-	(3) FOR A SUBSET OF SCENA RIOS THAT ARE PRIMAR ILY RELIED ON 1
478		-	WITHIN THE RISK REPORT, THE OFFICE SHALL , IN ADDITION TO THE 2
479		-	REQUIREMENTS OF PARA GRAPH (2) OF THIS SUBSECTION : 3
	611	+	(IV) PROVIDE AN OPPORTUNI TY FOR STAKEHOLDER F EEDBACK 1
	612	+	ON ANY REPORTS DEVEL OPED BY THE OFFICE. 2
480	613
481		-	(I) ~~IDENTIFY~~ THE ~~RESULTI NG WHOLESALE MARKET AND BULK 4~~
482		-	~~POWER SYSTEM RELIABI LITY IMPACTS OF SERV ING~~ THE ~~FORECASTS WI TH THE 5~~
483		-	~~EXISTING ELECTRIC SY STEM, KNOWN ADDITIONS TO~~ T HE ~~ELECTRIC SYSTEM , AND 6~~
484		-	~~ELECTRIC SYSTEM RESO URCE RETIREMENTS ;~~ AND 7
	614	+	(2) (I) FOR THE RISK REPORT REQUIRED UNDER § 7–1203 OF THIS 3
	615	+	SUBTITLE, THE OFFICE SHALL CONDUCT A STAKEHOLDER PROCES S TO SOLICIT 4
	616	+	FEEDBACK REGARDING T HE DEVELOPMENT OF DA TA INPUTS THAT WILL INFORM 5
	617	+	THE FORECASTS AND SC ENARIOS FOR DEVELOPI NG THE RISK REPORT. 6
485	618
486		-	(II) IDENTIFY RESOURCE AN D DEMAND –SIDE MANAGEMENT 8
487		-	SOLUTIONS THAT MAY R ESOLVE POTENTIAL REL IABILITY CONSTRAINTS AT THE 9
488		-	LEAST COST. 10
	619	+	(II) THE OFFICE IS NOT REQUIRE D TO UTILIZE THE FEE DBACK 7
	620	+	RECEIVED FROM THE ST AKEHOLDER PROCESS CO NDUCTED UNDER PARAGR APH 8
	621	+	(1)(II) OF THIS SUBSECTION , BUT SHALL PROVIDE DO CUMENTATION OF THE 9
	622	+	STAKEHOLDER PROCESS IN THE RISK REPORT. 10
489	623
490		-	(4) EACH SCENARIO SHALL A LSO EXAMINE: 11
	624	+	(3) (I) IN ADDITION TO THE PU BLIC HEARING REQUIRE D IN § 11
	625	+	7–1206 OF THIS SUBTITLE , AFTER THE PUBLICATIO N OF THE RISK REPORT OR ANY 12
	626	+	UPDATE TO THE REPORT , THE OFFICE SHALL CONDUCT A STAKEHOLDER PROCES S 13
	627	+	TO DEVELOP A REPORT THAT ASSESSES STRATE GIES TO ADDRESS THE IDENTIFIED 14
	628	+	RISKS AND RECOMMENDA TIONS IN THE RISK REPORT. 15
491	629
492		-	(I) ~~DIFFERENT ENERGY RES OURCE MIXES TO MEET THE 12~~
493		-	~~STATE’S ENERGY NEEDS~~ , ~~INCLUDING THE USE~~ OF ~~DEMAND–SIDE MANAGEMENT ; 13~~
	630	+	(II) WHEN ASSESSING STRATE GIES UNDER SUBPARAGR APH (I) 16
	631	+	OF THIS PARAGRAPH , THERE SHALL BE CONSI DERATION OF: 17
494	632
495		-	(II) DIFFERENT APPROACHES FOR MEETING THE STATE’S 14
496		-	CLEAN ENERGY GOALS ; 15
	633	+	1. NEW OR EXISTING PROG RAMS; 18
497	634
498		-	(III) IMPROVEMENTS TO EXIS TING ENERGY RESOURCE S AS 16
499		-	OPPOSED TO THE DEPLOYM ENT OF NEW ENERGY RE SOURCES; 17
	635	+	2. LEVERAGING TECHNOLOG Y ENHANCEMENTS ; 19
500	636
501		-	(IV) BALANCING THE USE OF ELECTRICITY IMPORTED FROM 18
502		-	OUTSIDE THE STATE WITH THE DEVELO PMENT OF NEW ENERGY RESOURCES IN THE 19
503		-	STATE; 20
	637	+	3. REVISED REGULATORY S TRUCTURES; 20
504	638
505		-	(V) FINANCIAL AND OTHER RISKS ASSOCIATED WIT H RETIRING 21
506		-	ENERGY GENERATION RE SOURCES; 22
	639	+	4. STATE COORDINATION OF FEDERAL SOLUTIONS ; 21
507	640
508		-	(VI) DIRECTIONAL ASSESSIN G OF COST RISKS TO R ATEPAYERS; 23
509		-	AND 24
	641	+	5. UTILIZING MARKET MEC HANISMS; AND 22
510	642
511		-	(VII) IMPACTS TO THE WHOLE SALE ENERGY MARKET A ND BULK 25
512		-	POWER SYSTEM IN MEET ING THE STATE’S POLICY GOALS RELA TED TO ELECTRICITY . 26
	643	+	6. ANY OTHER FACTORS CO NSIDERED APPROPRIATE . 23
513	644
514		-	(5) THE SCENARIOS REQUIRE D UNDER PARAGRAPH (1) OF THIS 27
515		-	SUBSECTION SHALL INC LUDE: 28
	645	+	(B) THE OFFICE, IN CONSULTATION WITH THE COMMISSION AND THE 24
	646	+	MARYLAND ENERGY ADMINISTRATION, SHALL COMPLETE ENERG Y MODELING FOR 25
	647	+	THE RISK REPORT. 26
516	648
517		-	(I) AT LEAST ONE SCENARI O THAT EXAMINES THE 29
518		-	ACHIEVEMENT OF THE STATE’S CLEAN ENERGY GOALS ; 30
519		-	12 SENATE BILL 909
	649	+	(C) (1) ON OR BEFORE NOVEMBER 1 EACH YEAR , THE SENATE 27
	650	+	COMMITTEE ON EDUCATION, ENERGY, AND THE ENVIRONMENT AND THE HOUSE 28
	651	+	ECONOMIC MATTERS COMMITTEE MAY JOINTLY REQUEST THE OFFICE TO ASSESS 29
	652	+	UP TO FIVE POLICY SCENARIO S. 30
	653	+	SENATE BILL 909 15
520	654
521	655
522		-	(II) AT LEAST ONE SCENARI O THAT EXAMINES A LE AST–COST 1
523		-	APPROACH TO MEETING THE STATE’S PROJECTED ENERGY N EEDS; AND 2
	656	+	(2) NOT LATER THAN 1 YEAR AFTER THE DATE THE OFFICE RECEIVES 1
	657	+	A REQUEST UNDER PARA GRAPH (1) OF THIS SUBSECTION , THE OFFICE SHALL 2
	658	+	SUBMIT A REPORT OF T HE RESULTS OF THE RE QUESTED POLICY SCENA RIOS TO THE 3
	659	+	SENATE COMMITTEE ON EDUCATION, ENERGY, AND THE ENVIRONMENT A ND THE 4
	660	+	HOUSE ECONOMIC MATTERS COMMITTEE IN ACCORDAN CE WITH § 2–1257 OF THE 5
	661	+	STATE GOVERNMENT ARTICLE. 6
524	662
525		-	(III) AT LEAST ONE SCENARI O THAT ASSUMES NO CH ANGES IN 3
526		-	STATE ENERGY AND CLIM ATE POLICIES. 4
	663	+	7–1205. 7
527	664
528		-	(D) (1) THE RISK REPORT SHALL: 5
	665	+	(A) ON OR BEFORE SEPTEMBER 1, 2028, AND EVERY 3 YEARS THEREAFTER , 8
	666	+	THE OFFICE SHALL SUBMIT T HE RISK REPORT TO THE GOVERNOR AND , IN 9
	667	+	ACCORDANCE WI TH § 2–1257 OF THE STATE GOVERNMENT ARTICLE, THE GENERAL 10
	668	+	ASSEMBLY. 11
529	669
530		-	(I) BE INFORMED BY THE F ORECASTS AND SCENARI OS 6
531		-	REQUIRED UNDER THIS SECTION; 7
	670	+	(B) (1) THE OFFICE MAY SUBMIT TO THE GOVERNOR AND , IN 12
	671	+	ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE, THE GENERAL 13
	672	+	ASSEMBLY ANY ADDITION AL UPDATES TO THE RISK REPORT AT ANY TIME . 14
532	673
533		-	(II) PROVIDE INFORMATION ON THE RISKS ASSOCIA TED WITH 8
534		-	SERVING THE IDENTIFI ED ENERGY FORECASTS AND ACHIEVEMENT OF T HE STATE’S 9
535		-	CLEAN ENERGY GOALS ; 10
	674	+	(2) THE UPDATES SHALL INC LUDE: 15
536	675
537		-	(III) DISCUSS THE POTENTIA L FINANCIAL IMPACTS OF T HE 11
538		-	DIFFERENT SCENARIOS EXAMINED UNDER SUBSE CTION (C) OF THIS SECTION ON 12
539		-	THE STATE AND RATEPAYERS ; 13
	676	+	(I) THE STATUS OF AND AN Y CHANGES TO THE FOR ECASTS AND 16
	677	+	SCENARIOS DEVELOPED UNDER § 7–1203 OF THIS SUBTITLE; 17
540	678
541		-	(IV) IDENTIFY THE FINANCI AL, RESOURCE ADEQUACY , AND 14
542		-	RELIABILITY RISKS OF THE WHOLESALE ENERGY MARKETS AND BULK POW ER 15
543		-	SYSTEM ON RATEPAY ERS; AND 16
	679	+	(II) INFORMATION ON ANY N EW FORECASTS AND SCE NARIOS 18
	680	+	THE OFFICE HAS DEVELOPED ; AND 19
544	681
545		-	(V) SPECIFY THE INPUTS A ND ASSUMPTIONS USED IN 17
546		-	DEVELOPING THE RISK REPORT. 18
	682	+	(III) ANY OTHER CHANGES TO THE INFOR MATION OR 20
	683	+	RECOMMENDATIONS CONT AINED IN THE REPORT OR ANY PRECEDING UPD ATES TO 21
	684	+	THE REPORT. 22
547	685
548		-	(2) (I) THE RISK REPORT SHALL ALSO INC LUDE ANY 19
549		-	RECOMMENDATIONS OF T HE OFFICE REGARDING SHOR T– AND LONG –TERM 20
550		-	SOLUTIONS TO MINIMIZ E WHOLESALE ENERGY M ARKET AND BULK P OWER SYSTEM 21
551		-	FINANCIAL, RESOURCE ADEQUACY , AND RELIABILITY RISK S, INCLUDING 22
552		-	STRATEGIES TO IMPLEM ENT ANY RECOMMENDATI ONS. 23
	686	+	(C) ON OR BEFORE SEPTEMBER 1, 2028, AND EVERY 3 YEARS THEREAFTER , 23
	687	+	THE OFFICE SHALL SUBMIT T O THE GOVERNOR AND , IN ACCORDANCE WITH § 24
	688	+	2–1257 OF THE STATE GOVERNMENT ARTICLE, THE GENERAL ASSEMBLY THE 25
	689	+	REPORT REQUIRED UNDE R § 7–1204(A)(3) OF THIS SUBTITLE. 26
553	690
554		-	~~(II) THE RECOMMENDATIONS M AY INCLUDE: 24~~
	691	+	7–1206. 27
555	692
556		-	1. ENERGY GENERATION , TRANSMISSION , OR 25
557		-	DISTRIBUTION RESOURC E DEPLOYMENT OR DEMA ND–SIDE MANAGEMENT 26
558		-	SOLUTIONS; 27
559		-
560		-	2. PROGRAM DEVELOPMENT , INCLUDING: 28
561		-
562		-	A. ALTERING OR ADDING T O EXISTING PROGRAMS ; OR 29
563		-
564		-	B. PROPOSING NEW PROGRA MS; 30
565		-	SENATE BILL 909 13
	693	+	(A) BEGINNING ON OR BEFOR E SEPTEMBER 1, 2030, AND AT LEAST ONCE 28
	694	+	EVERY 3 YEARS THEREAFTER , AFTER RECEIVING A RE QUEST BY THE OFFICE, THE 29
	695	+	COMMISSION, IN CONSULTATION WITH THE OFFICE, SHALL CONDUCT A PUBL IC 30
	696	+	PROCEEDING TO ASSESS THE RESULTS AND RECO MMENDATIONS CONTAINE D IN THE 31
	697	+	RISK REPORT AND ANY UPDATE S TO THE REPORT . 32
	698	+	16 SENATE BILL 909
566	699
567	700
568		-	3. STATUTORY OR REGULAT ORY CHANGES ; AND 1
	701	+	(B) THE PUBLIC PROCEEDING SHALL INCLUDE A PUBL IC HEARING AND AN 1
	702	+	OPPORTUNIT Y FOR PUBLIC COMMENT ON THE RECOMMENDATIO NS OF THE RISK 2
	703	+	REPORT AND ANY UPDATE S TO THE REPORT . 3
569	704
570		-	4~~. RECOMMENDATIONS TO T HE GENERAL ASSEMBLY TO 2~~
571		-	~~IMPLEMENT SHORT–~~ AND ~~LONG –TERM~~ ~~RECOMMENDATIONS IDENTIFIED IN 3~~
572		-	~~SUBPARAGRAPH (I) OF THIS PARAGRAPH , INCLUDING: 4~~
	705	+	(C) THE OFFICE SHALL CONSIDER ANY FEEDBACK RECEIVE D THROUGH 4
	706	+	THE PUBLIC PROCEEDIN G AND DETERMINE IF A NY FURTHER CHANGES T O THE RISK 5
	707	+	REPORT ARE NECESSARY . 6
573	708
574		-	A. UTILIZING EXISTING O R CREATING NEW MARKE T 5
575		-	STRUCTURES ; 6
	709	+	(D) THE COMMISSION SHALL CONS IDER ANY FEEDBACK RE CEIVED 7
	710	+	THROUGH THE PUBLIC P ROCEEDING AND DETERM INE WHETHER ANY ACTI ON 8
	711	+	UNDER ITS JURISDICTI ON IS WARRANTED . 9
576	712
577		-	B. UTILIZING EXISTING O R CREATING NEW STATE 7
578		-	PROGRAMS; 8
	713	+	7–1207. 10
579	714
580		-	C. STATE FINANCING OPTIO NS, INCLUDING STATE 9
581		-	PROCUREMENT AND MULT ISTATE PROCUREMENT ; 10
	715	+	(A) THIS SECTION DOES NOT APPLY TO: 11
582	716
583		-	D. ELECTRIC COMPANY PRO CUREMENT OR PROGRAMS ; 11
	717	+	(1) THE REPORT REQUIRED UNDER § 7–1204(A)(3) OF THIS 12
	718	+	SUBTITLE; AND 13
584	719
585		-	~~E. EXAMINING~~ THE ~~MIX~~ OF ~~IN–STATE GENERATION 12~~
586		-	~~VERSUS RELYING ON IM PORTS AND DEMAND –SIDE MANAGEMENT ; AND 13~~
	720	+	(2) THE REPORT REQUIRED UNDER § 7–1204(C)(2) OF THIS 14
	721	+	SUBTITLE. 15
587	722
588		-	F. ANY OTHER RECOMMENDA TIONS THAT THE OFFICE 14
589		-	CONSIDERS APPROPRIAT E. 15
	723	+	(B) EACH REPORT REQUIRED UNDER THIS SUBTITLE SHALL INCLUDE 16
	724	+	DOCUMENTATION OF STA KEHOLDER ENGAGEMENT AND ANY FEEDBACK REC EIVED 17
	725	+	RELATED TO THE DEVEL OPMENT OF THAT REPOR T. 18
590	726
591		-	(III) IF THE OFFICE DETERMINES THA T THE IDENTIFIED RIS KS 16
592		-	ARE ACCEPTABLE OR TH AT EXISTING MARKET D ESIGNS, PROCESSES, OR POLICIES 17
593		-	WILL ADEQUATELY ADDR ESS THE RISKS IDENTI FIED IN THE RISK REPORT, THE 18
594		-	OFFICE MAY RECOMMEND THAT NO ACTIONS BE TAKEN . 19
	727	+	7–1203. 19
595	728
596		-	(IV) THE OFFICE SHALL SUPPORT THE RECOMMENDATIONS BY 20
597		-	ANALYSES THAT BALANC E AFFORDABILITY , RELIABILITY, AND GREENHOUSE GAS 21
598		-	EMISSIONS REDUCTIONS . 22
	729	+	(A) THE OFFICE SHALL DEVELOP A 25–YEAR COMPREHENSIVE ENERGY 20
	730	+	FORECAST. 21
	731	+
	732	+	(B) THE PURPOSE OF THE FORECAST IS TO ANALYZ E ENERGY SCENARIOS 22
	733	+	AND POLICY OPTIONS F OR MEETING THE STATE’S ENERGY NEEDS AND 23
	734	+	GREENHOUSE GAS EMISS IONS REDUCTION GOALS WHILE ENSU RING ELECTRIC 24
	735	+	DISTRIBUTION SYSTEM RELIABILITY AND COST –EFFECTIVENESS CONSIS TENT WITH 25
	736	+	THE LONG–TERM ENERGY NEEDS OF THE STATE. 26
	737	+
	738	+	(C) THE FORECAST SHALL INCLUD E: 27
	739	+
	740	+	(1) REASONABLE PROJECTIO NS FOR ELECTRICITY L OAD AND 28
	741	+	DEMAND FROM 2025 THROUGH 2050 THAT INCLUDE : 29
	742	+
	743	+	(I) STATEWIDE DEMAND ELE MENTS; AND 30
	744	+	SENATE BILL 909 17
	745	+
	746	+
	747	+	(II) DEMAND ELEMENTS FOR SPECIFIC ELECTRIC SE RVICE 1
	748	+	TERRITORIES; 2
	749	+
	750	+	(2) SCENARIOS FOR MEETIN G: 3
	751	+
	752	+	(I) STATE ENERGY NEEDS AN D GREENHOUSE GAS EMI SSIONS 4
	753	+	REDUCTION GOALS ; AND 5
	754	+
	755	+	(II) LOAD FORECASTS IN TH E PJM REGION, AS DEFINED IN § 6
	756	+	7–101 OF THIS TITLE; AND 7
	757	+
	758	+	(3) A STRATEGY TO MEET T HE SCENARIO THAT THE OFFICE 8
	759	+	DETERMINES BEST MEET S THE NEEDS STATED I N ITEM (2) OF THIS SUBSECTION A ND 9
	760	+	THAT INCLUDES : 10
	761	+
	762	+	(I) INFORMATION ON THE SCENARIO ’S IMPACT ON ENERGY 11
	763	+	RELIABILITY AND GREE NHOUSE GAS EMISSIONS REDUCTIONS ; 12
	764	+
	765	+	(II) THE FINANCIAL IMPACT OF THE SCENARIO ON T HE STATE 13
	766	+	AND RATEPAYERS ; 14
	767	+
	768	+	(III) 1. SHORT– AND LONG–TERM RECOMMENDATIONS FOR 15
	769	+	THE GENERATION , DISTRIBUTION, TRANSMISSION , AND STORAGE OF ELECT RICITY, 16
	770	+	SUPPORTED BY ANALYSE S THAT BALANCE AFFOR DABILITY, RELIABILITY, AND 17
	771	+	GREENHOUSE GAS EMISS IONS REDUCTIONS ; AND 18
	772	+
	773	+	2. RECOMMENDATIONS TO T HE GENERAL ASSEMBLY TO 19
	774	+	IMPLEMENT THE SHORT – AND LONG–TERM RECOMMENDATIONS ; 20
	775	+
	776	+	(IV) LOCATIONAL VALUE EST IMATIONS INCLUDING P RIORITY 21
	777	+	GENERATION AND TRANS MISSION ZONES ATTRAC TIVE FOR RESOURCE 22
	778	+	DEVELOPMENT ; 23
	779	+
	780	+	(V) A SUMMARY OF RELEVAN T REGULATORY AND 24
	781	+	ADMINISTRATIVE PROCE DURES THAT COULD BE STREAMLINED OR MODER NIZED 25
	782	+	FOR GREATER EFFICIEN CY; 26
	783	+
	784	+	(VI) THE USE OF ALL BEST AVAILABLE TECHNOLOGI ES AND 27
	785	+	TECHNOLOGIES THAT MA Y BECOME AVAILABLE I N THE FUTURE; 28
	786	+
	787	+	(VII) SENSITIVITIES RELATE D TO VARIOUS LEVELS OF 29
	788	+	ELECTRIFICATION AND THE ADOPTION OF LOAD FLEXIBILITY AND DIST RIBUTED 30
	789	+	ENERGY RESOURCES ; 31
	790	+	18 SENATE BILL 909
	791	+
	792	+
	793	+	(VIII) METHODS FOR ACHIEVIN G 60%, 80%, AND 100% OF THE 1
	794	+	STATE’S ENERGY NEEDS THROU GH IN–STATE GENERATION ; 2
	795	+
	796	+	(IX) AN INDEPENDENT RATEP AYER IMPACT ANALYSIS ; 3
	797	+
	798	+	(X) RELATED INVESTMENTS IN ELECTRICITY AND G AS 4
	799	+	INFRASTRUCTURE , INCLUDING ANY INTERP LAY BETWEEN THE TWO; 5
	800	+
	801	+	(XI) ECONOMIC DEVELOPMENT AND WORKFORCE 6
	802	+	OPPORTUNITIES ; 7
	803	+
	804	+	(XII) STATE FINANCING OPTIO NS, INCLUDING STATE 8
	805	+	PROCUREMENT AND MULT ISTATE PROCUREMENT ; 9
	806	+
	807	+	(XIII) UTILITY BUSINESS MOD ELS, TARIFFS, AND COST RECOVERY ; 10
	808	+
	809	+	(XIV) SUPPORTIVE MARKET ST UDIES; 11
	810	+
	811	+	(XV) PLANS FOR LEVERAGING AVAILABLE FEDERAL FU NDS; AND 12
	812	+
	813	+	(XVI) KEY FINDINGS FROM TH E STUDY REQUIRED UND ER 13
	814	+	SUBSECTION (D) OF THIS SECTION. 14
	815	+
	816	+	(D) (1) ON OR BEFORE SEPTEMBER 30, 2026, THE OFFICE SHALL 15
	817	+	CONDUCT A STUDY TO S UPPORT THE DEVELOPME NT OF THE FORECAST. 16
	818	+
	819	+	(2) THE OFFICE SHALL HIRE A P RIVATE CONSULTANT TO MEET THE 17
	820	+	REQUIREMENTS OF THIS SECTION. 18
	821	+
	822	+	(3) AS PART OF THE STUDY : 19
	823	+
	824	+	(I) THE COMMISSION SHALL STUD Y: 20
	825	+
	826	+	1. THE VIABILITY OF ENE RGY STORAGE AS A 21
	827	+	TRANSMISSION ASSET ; 22
	828	+
	829	+	2. THE NECESSIT Y OF AN INDEPENDENT DISTRIBUTION 23
	830	+	OPERATOR; AND 24
	831	+
	832	+	3. IN CONSULTATION WITH THE MARYLAND ENERGY 25
	833	+	ADMINISTRATION , RECONDUCTORING OPPOR TUNITIES IN THE STATE; 26
	834	+
	835	+	(II) THE MARYLAND ENERGY ADMINISTRATION SHALL STUDY 27
	836	+	THE FEASIBILITY OF P LACING SMALL MODULAR REACTORS ON FORMER 28
	837	+	ELECTRICITY GENERATI ON SITES; AND 29 SENATE BILL 909 19
	838	+
	839	+
	840	+
	841	+	(III) THE POWER PLANT RESEARCH PROGRAM SHALL STUDY 1
	842	+	STATE LAND SUITABLE F OR SOLAR ENERGY DEVE LOPMENT. 2
	843	+
	844	+	(4) THE STUDY SHALL : 3
	845	+
	846	+	(I) INCLUDE AN ANALYSIS , MADE IN CONSULTATION WITH THE 4
	847	+	DEPARTMENT OF TRANSPORTATION , OF METHODS FOR REDUC ING 5
	848	+	TRANSMISSION –CONSTRAINED AREAS TH ROUGH THE USE OF EXI STING 6
	849	+	RIGHTS–OF–WAY; 7
	850	+
	851	+	(II) INCLUDE THE FEASIBIL ITY AND EFFICACY OF : 8
	852	+
	853	+	1. BROADENING THE STATE’S POWER PURCHASE 9
	854	+	AGREEMENT AUTHORITY ; 10
	855	+
	856	+	2. DEVELOPING ELECTRICITY PROCUREM ENT PLANS TO 11
	857	+	ENSURE ADEQUATE , RELIABLE, AFFORDABLE , EFFICIENT, AND ENVIRONMENTALLY 12
	858	+	SUSTAINABLE ELECTRIC ITY SERVICE AT THE L OWEST TOTAL COST OVE R TIME, 13
	859	+	TAKING INTO ACCOUNT ANY PRICE STABILITY BENEFITS; AND 14
	860	+
	861	+	3. CONDUCTING COMPETITI VE PROCUREMENT 15
	862	+	PROCESSES TO PROCURE THE RESOURCES IDENTI FIED IN THE PROCUREM ENT 16
	863	+	PLANS UNDER ITEM (II) OF THIS ITEM; AND 17
	864	+
	865	+	(III) INCLUDE AND INCORPOR ATE THE RESULTS OF T HE STUDIES 18
	866	+	REQUIRED UNDER PARAG RAPH (3) OF THIS SUBSECTION . 19
	867	+
	868	+	(5) ON OR BEFORE DECEMBER 31, 2026, THE OFFICE SHALL SUBMIT 20
	869	+	A REPORT OF ITS FIND INGS AND ANY RECOMME NDATIONS TO THE GENERAL 21
	870	+	ASSEMBLY IN ACCORDANC E WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE. 22
599	871
600	872		7–1204. 23
601	873
602		-	(A) (1) THE OFFICE SHALL: 24
	874	+	(A) THE OFFICE, IN CONSULTATION WITH THE COMMISSION AND THE 24
	875	+	MARYLAND ENERGY ADMINISTRATION , SHALL COMPLETE ENERG Y MODELING FOR 25
	876	+	THE STRATEGY AND SCE NARIOS INCLUDED IN T HE FORECAST UNDER § 7–1203 OF 26
	877	+	THIS SUBTITLE, AND FOR ANY CHANGES TO THE STRATEGY SET FORTH IN THE 27
	878	+	FORECAST, THAT: 28
603	879
604		-	(I) DEVELOP AND MAINTAIN THE TOOLS AND RESOUR CES 25
605		-	NECESSARY TO COMPLET E THE ANALYSES REQUI RED UNDER THIS SUBTI TLE; 26
606		-
607		-	(II) COORDINATE WITH PJM INTERCONNECTION , LLC TO 27
608		-	DEVELOP AND MAINTAIN THE TOOLS NECESSARY TO COMPLETE THE ANAL YSES 28
609		-	REQUIRED UNDER THIS SUBTITLE; 29
610		-	14 SENATE BILL 909
	880	+	(1) ENABLES COST –BENEFIT ANALYSES OF ELECTRICITY PRICES BY 29
	881	+	RESOURCE MIX TYPE ; 30
	882	+	20 SENATE BILL 909
611	883
612	884
613		-	(~~III~~) ~~HAVE~~ THE ~~ABILITY TO CONDUCT COST–BENEFIT ANALYSES~~ 1
614		-	~~OF:~~ 2
	885	+	(2) CONSIDERS THE TIMELI NE FOR COMMERCIALIZA TION OF ENERGY 1
	886	+	TECHNOLOGIES AND WHE N THOSE TECHNOLOGIES MAY BECOME COST –EFFECTIVE; 2
615	887
616		-	1. ENERGY GENERATION RE SOURCES IN WHOLESALE 3
617		-	ENERGY MARKETS ; AND 4
	888	+	(3) PROVIDES LOCATIONAL VALUE PLANNING ; 3
618	889
619		-	~~2. DIFFERENT FORMS OF L EVELIZED COSTS OF 5~~
620		-	~~ELECTRICITY AND LEVE LIZED FULL SYSTEM CO STS OF ELECTRICITY~~ ; ~~AND 6~~
	890	+	(4) HAS THE ABILITY TO R UN POLICY SCENARIOS ANNUALLY IN 4
	891	+	ORDER TO PROVIDE EFF ECTIVE FEEDBACK TO T HE GENERAL ASSEMBLY; 5
621	892
622		-	(IV) PROVIDE AN OPPORTUNI TY FOR STAKEHOLDER F EEDBACK 7
623		-	ON ANY REPORTS DEVEL OPED BY THE OFFICE. 8
	893	+	(5) CONSIDERS WHETHER TH E TRANSITION TO DIST RIBUTED 6
	894	+	RENEWABLE ENERGY IS DELIVERING SUFFICIEN T ELECTRIC DISTRIBUT ION SYSTEM 7
	895	+	RELIABILITY OR WHETH ER THERE ARE VULNERA BILITIES THAT NEE D TO BE 8
	896	+	ADDRESSED; 9
624	897
625		-	(2) (I) FOR THE RISK REPORT REQUIRED UNDER § 7–1203 OF THIS 9
626		-	SUBTITLE, THE OFFICE SHALL CONDUCT A STAKEHOLDER PROCES S TO SOLICIT 10
627		-	FEEDBACK REGARDING T HE DEVELOPMENT OF DA TA INPUTS THAT WILL INFORM 11
628		-	THE FORECAST S AND SCENARIOS FOR DEVELOPING THE RISK REPORT. 12
	898	+	(6) STRENGTHENS THE DIVE RSITY, SUSTAINABILITY , AND 10
	899	+	RESILIENCE OF THE EL ECTRIC TRANSMISSION SYSTEM; 11
629	900
630		-	(II) THE OFFICE IS NOT REQUIRE D TO UTILIZE THE FEE DBACK 13
631		-	RECEIVED FROM THE ST AKEHOLDER PROCESS CO NDUCTED UNDER PARAGR APH 14
632		-	(1)(II) OF THIS SUBSECTION , BUT SHALL PROVIDE DO CUMENTATION OF THE 15
633		-	STAKEHOLDER PROCE SS IN THE RISK REPORT. 16
	901	+	(7) ENHANCES THE ELECTRI C DISTRIBUTION SYSTE M AND 12
	902	+	DEMAND–SIDE MANAGEMENT ; AND 13
634	903
635		-	(3) (I) IN ADDITION TO THE PU BLIC HEARING REQUIRE D IN § 17
636		-	7–1206 OF THIS SUBTITLE , AFTER THE PUBLICATIO N OF THE RISK REPORT OR ANY 18
637		-	UPDATE TO THE REPORT , THE OFFICE SHALL CONDUCT A STAKEHOLDER PROCES S 19
638		-	TO DEVELOP A REPORT THAT ASSESS ES STRATEGIES TO ADD RESS THE IDENTIFIED 20
639		-	RISKS AND RECOMMENDA TIONS IN THE RISK REPORT. 21
	904	+	(8) MAY BE UPDATED ANNUA LLY BASED ON STRATEG IES, POLICY 14
	905	+	DECISIONS, AND PERIODIC REASSES SMENTS OF THE STATE’S ENERGY PORTFOLIO 15
	906	+	TO REMAIN UP –TO–DATE WITH THE EVOLUT ION OF ENERGY GENERA TION AND 16
	907	+	TRANSMISSION . 17
640	908
641		-	(II) ~~WHEN ASSESSING STRATE GIES UNDER SUBPARAGR APH (I) 22~~
642		-	~~OF THIS PARAGRAPH , THERE SHALL BE CONSI DERATION OF:~~ 23
	909	+	(B) THE OFFICE SHALL PROVIDE A 45–DAY PERIOD FOR PUBLI C COMMENT 18
	910	+	ON ANY MODELING COMP LETED UNDER T HIS SECTION. 19
643	911
644		-	1. ~~NEW OR EXISTING PROG RAMS; 24~~
	912	+	7–1205. 20
645	913
646		-	2. LEVERAGING TECHNOLOGY ENHANCEME NTS; 25
	914	+	ON OR BEFORE SEPTEMBER 1, 2027, AND EVERY 2 YEARS THEREAFTER , THE 21
	915	+	OFFICE SHALL SUBMIT T O THE GOVERNOR AND , IN ACCORDANCE WITH § 2–1257 OF 22
	916	+	THE STATE GOVERNMENT ARTICLE, THE GENERAL ASSEMBLY A REPORT ON : 23
647	917
648		-	3. REVISED REGULATORY S TRUCTURES; 26
	918	+	(1) THE STATUS OF THE FORECAST DEVELOPED UN DER § 7–1203 OF 24
	919	+	THIS SUBTITLE AND AN Y CHANGES TO THE STR ATEGY SET FORTH IN T HE FORECAST; 25
	920	+	AND 26
649	921
650		-	4. STATE COORDINATION OF FEDERAL SOLUTIONS ; 27
	922	+	(2) (I) ANY ENERGY MODELING COMPLETED UNDER § 7–1204 OF 27
	923	+	THIS SUBTITLE IN THE IMMEDIATELY PRECEDIN G 2–YEAR PERIOD; AND 28
651	924
652		-	5. UTILIZING MARKET MEC HANISMS; AND 28
	925	+	(II) ANY PUBLIC COMMENTS SUBMITTED I N RELATION TO THE 29
	926	+	MODELING. 30
653	927
654		-	6. ANY OTHER FACTORS CO NSIDERED APPROPRIATE . 29
655		-	SENATE BILL 909 15
656		-
657		-
658		-	(B) THE OFFICE, IN CONSULTATION WITH THE COMMISSION AND THE 1
659		-	MARYLAND ENERGY ADMINISTRATION , SHALL COMPLETE ENERG Y MODELING FOR 2
660		-	THE RISK REPORT. 3
661		-
662		-	(C) (1) ON OR BEFORE NOVEMBER 1 EACH YEAR , THE SENATE 4
663		-	COMMITTEE ON EDUCATION, ENERGY, AND THE ENVIRONMENT AND THE HOUSE 5
664		-	ECONOMIC MATTERS COMMITTEE MAY JOINTLY REQUEST THE OFFICE TO ASSESS 6
665		-	UP TO FIVE POLICY SC ENARIOS. 7
666		-
667		-	(2) NOT LATER THAN 1 YEAR AFTER THE DATE THE OFFICE RECEIVES 8
668		-	A REQUEST UNDER PARA GRAPH (1) OF THIS SUBSECTION , THE OFFICE SHALL 9
669		-	SUBMIT A REPORT OF T HE RESULTS OF THE RE QUESTED POLICY SCEN ARIOS TO THE 10
670		-	SENATE COMMITTEE ON EDUCATION, ENERGY, AND THE ENVIRONMENT AND THE 11
671		-	HOUSE ECONOMIC MATTERS COMMITTEE IN ACCORDAN CE WITH § 2–1257 OF THE 12
672		-	STATE GOVERNMENT ARTICLE. 13
673		-
674		-	7–1205. 14
675		-
676		-	(A) ON OR BEFORE SEPTEMBER 1, 2028, AND EVERY 3 YEARS THEREAFTER , 15
677		-	THE OFFICE SHALL SUBMIT T HE RISK REPORT TO THE GOVERNOR AND , IN 16
678		-	ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE, THE GENERAL 17
679		-	ASSEMBLY. 18
680		-
681		-	(B) (1) THE OFFICE MAY SUBMIT TO THE GOVERNOR AND , IN 19
682		-	ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE, THE GENERAL 20
683		-	ASSEMBLY ANY ADDITION AL UPDATES TO THE RISK REPORT AT ANY TIME . 21
684		-
685		-	(2) THE UPDATES SHALL INC LUDE: 22
686		-
687		-	(I) THE STATUS OF AND AN Y CHANGES TO THE FOR ECASTS AND 23
688		-	SCENARIOS DEVELOPED UNDER § 7–1203 OF THIS SUBTITLE; 24
689		-
690		-	(II) INFORMATION ON ANY N EW FORECASTS AND SCENAR IOS 25
691		-	THE OFFICE HAS DEVELOPED ; AND 26
692		-
693		-	(III) ANY OTHER CHANGES TO THE INFORMATION OR 27
694		-	RECOMMENDATIONS CONT AINED IN THE REPORT OR ANY PRECEDING UPD ATES TO 28
695		-	THE REPORT. 29
696		-
697		-	(C) ON OR BEFORE SEPTEMBER 1, 2028, AND EVERY 3 YEARS THEREAFTER , 30
698		-	THE OFFICE SHALL SUBMIT T O THE GOVERNOR AND , IN ACCORDANCE WITH § 31
699		-	2–1257 OF THE STATE GOVERNMENT ARTICLE, THE GENERAL ASSEMBLY THE 32
700		-	REPORT REQUIRED UNDE R § 7–1204(A)(3) OF THIS SUBTITLE. 33
701		-	16 SENATE BILL 909
702		-
703		-
704		-	7–1206. 1
705		-
706		-	(A) BEGINNING ON OR BEFOR E SEPTEMBER 1, 2030, AND AT LEAST ONCE 2
707		-	EVERY 3 YEARS THEREAFTER , AFTER RECEIVING A RE QUEST BY THE OFFICE, THE 3
708		-	COMMISSION, IN CONSULTATION WITH THE OFFICE, SHALL CONDUCT A PUBL IC 4
709		-	PROCEEDING TO ASSESS THE RESULTS AND RECO MMENDATI ONS CONTAINED IN THE 5
710		-	RISK REPORT AND ANY UPDATE S TO THE REPORT . 6
711		-
712		-	(B) THE PUBLIC PROCEEDING SHALL INCLUDE A PUBL IC HEARING AND AN 7
713		-	OPPORTUNITY FOR PUBL IC COMMENT ON THE RE COMMENDATIONS OF THE RISK 8
714		-	REPORT AND ANY UPDATE S TO THE REPORT . 9
715		-
716		-	(C) THE OFFICE SHALL CONSIDER ANY FEEDBAC K RECEIVED THROUGH 10
717		-	THE PUBLIC PROCEEDIN G AND DETERMINE IF A NY FURTHER CHANGES T O THE RISK 11
718		-	REPORT ARE NECESSARY . 12
719		-
720		-	(D) THE COMMISSION SHALL CONS IDER ANY FEEDBACK RE CEIVED 13
721		-	THROUGH THE PUBLIC P ROCEEDING AND DETERM INE WHETHER ANY ACTI ON 14
722		-	UNDER ITS JURISDICTION IS WARRANTED . 15
723		-
724		-	7–1207. 16
725		-
726		-	(A) THIS SECTION DOES NOT APPLY TO: 17
727		-
728		-	(1) THE REPORT REQUIRED UNDER § 7–1204(A)(3) OF THIS 18
729		-	SUBTITLE; AND 19
730		-
731		-	(2) THE REPORT REQUIRED UNDER § 7–1204(C)(2) OF THIS 20
732		-	SUBTITLE. 21
733		-
734		-	(B) EACH REPORT REQUIRED UNDER THIS SUBTITLE SHALL INCLU DE 22
735		-	DOCUMENTATION OF STA KEHOLDER ENGAGEMENT AND ANY FEEDBACK REC EIVED 23
736		-	RELATED TO THE DEVEL OPMENT OF THAT REPOR T. 24
737		-
738		-	7–1203. 25
739		-
740		-	(A) THE OFFICE SHALL DEVELOP A 25–YEAR COMPREHENSIVE ENERGY 26
741		-	FORECAST. 27
742		-
743		-	(B) THE PURPOSE OF THE FORECAST IS TO ANALYZE ENERGY SCENA RIOS 28
744		-	AND POLICY OPTIONS F OR MEETING THE STATE’S ENERGY NEEDS AND 29
745		-	GREENHOUSE GAS EMISS IONS REDUCTION GOALS WHILE ENSURING ELECT RIC 30
746		-	DISTRIBUTION SYSTEM RELIABILITY AND COST –EFFECTIVENESS CONSIS TENT WITH 31
747		-	THE LONG–TERM ENERGY NEEDS OF THE STATE. 32 SENATE BILL 909 17
	928	+	7–1206. 31 SENATE BILL 909 21
748	929
749	930
750	931
751		-	(C) THE FORECAST SHALL INCLUD E: 1
	932	+	(A) ON OR BEFORE DECEMBER 1, 2025, THE COMMISSION, IN 1
	933	+	CONSULTATION WITH TH E OFFICE, SHALL ADOPT REGULATI ONS REQUIRING EACH 2
	934	+	ELECTRIC COMPANY TO DEVELOP AN INTEGRATE D RESOURCE PLAN TO : 3
752	935
753		-	(1) ~~REASONABLE PROJECTIO NS FOR ELECTRICITY L OAD AND 2~~
754		-	~~DEMAND FROM 2025 THROUGH 2050 THAT INCLUDE : 3~~
	936	+	(1) FACILITATE ACHIEVING THE STATE’S GREENHOUSE GAS 4
	937	+	EMISSIONS REDUCTIONS GOALS; 5
755	938
756		-	(I) STATEWIDE DEMAND ELE MENTS; AND 4
	939	+	(2) FULFILL THE COMPANY ’S OBLIGATION TO CHAR GE JUST AND 6
	940	+	REASONABLE RATES ; 7
757	941
758		-	(II) DEMAND ELEMENTS FOR SPECIFIC ELECTRIC SE RVICE 5
759		-	TERRITORIES; 6
	942	+	(3) MINIMIZE OR MITIGATE IMPACTS ON RATEPAYER S IN THE STATE; 8
760	943
761		-	(2) SCENARIOS FOR MEETING : 7
	944	+	(4) ENSURE BOTH SHORT –TERM AND LONG –TERM ELECTRIC 9
	945	+	DISTRIBUTION SYSTEM RELIABILITY, INCLUDING MEETING TH E RESOURCE 10
	946	+	ADEQUACY NEEDS OF TH E STATE; 11
762	947
763		-	(I) ~~STATE ENERGY NEEDS AN D GREENHOUSE GAS EMI SSIONS 8~~
764		-	~~REDUCTION GOALS~~ ; ~~AND 9~~
	948	+	(5) STRENGTHEN THE DIVER SITY, SUSTAINABILITY , AND RESILIENCE 12
	949	+	OF THE ELECTRIC TRAN SMISSION SYSTEM ; 13
765	950
766		-	(II) ~~LOAD FORECASTS IN TH E PJM REGION, AS DEFINED IN § 10~~
767		-	7–~~101 OF THIS TITLE~~; AND 11
	951	+	(6) ENHANCE THE ELECTRIC DISTRIBUTION SYSTEM AND 14
	952	+	DEMAND–SIDE MANAGEMENT ; AND 15
768	953
769		-	(3) A STRATEGY TO MEET T HE SCENARIO THAT THE OFFICE 12
770		-	DETERMINES BEST MEETS THE NEEDS STAT ED IN ITEM (2) OF THIS SUBSECTION A ND 13
771		-	THAT INCLUDES : 14
	954	+	(7) MINIMIZE LOCALIZED A IR POLLUTANTS AND OT HER GREENHOUSE 16
	955	+	GAS EMISSIONS, WITH PRIORITY INITIA LLY GIVEN TO UNDERSE RVED COMMUNITIES 17
	956	+	OR OVERBURDENED COMM UNITIES AS DEFINED I N § 1–701 OF THE ENVIRONMENT 18
	957	+	ARTICLE. 19
772	958
773		-	(I) INFORMATION ON THE S CENARIO’S IMPACT ON ENERGY 15
774		-	RELIABILITY AND GREE NHOUSE GAS EMISSIONS REDUCTIONS ; 16
	959	+	(B) (1) ON OR BEFORE JULY 1, 2026, EACH ELECTRIC COMPAN Y SHALL 20
	960	+	SUBMIT TO THE COMMISSION THE INTEGR ATED RESOURCE PLAN R EQUIRED UNDER 21
	961	+	THIS SECTION. 22
775	962
776		-	(II) THE FINANCIAL IMPACT OF THE SCENARIO ON T HE STATE 17
777		-	AND RATEPAYERS ; 18
	963	+	(2) ON OR BEFORE JULY 1, 2031, AND EVERY 5 YEARS THEREAFTER , 23
	964	+	EACH ELECTRIC COMPAN Y SHALL PROVIDE TO T HE COMMISSION AN UPDATE ON 24
	965	+	THE INTEGRATED RESOU RCE PLAN REQUIRED UN DER THIS SECTION . 25
778	966
779		-	(III) 1. SHORT– AND LONG–TERM RECOMMENDATIONS FOR 19
780		-	THE GENERATION , DISTRIBUTION, TRANSMISSION , AND STORAGE OF ELECT RICITY, 20
781		-	SUPPORTED BY ANALYSE S THAT BALANCE AFFOR DABILITY, RELIABILITY, AND 21
782		-	GREENHOUSE GAS EMISS IONS REDUCTIONS ; AND 22
	967	+	SECTION 2. AND BE IT FURTHER ENACTED, That: 26
783	968
784		-	~~2. RECOMMENDATIONS TO T HE GENERAL ASSEMBLY TO 23~~
785		-	~~IMPLEMENT THE SHORT – AND LONG–TERM RECOMMENDATIONS ; 24~~
	969	+	(a) (1) The Public Service Commission shall study the effectiveness of an 27
	970	+	independent distribution operator. 28
786	971
787		-	(IV) LOCATIONAL VALUE EST IMATIONS INCLUDING P RIORITY 25
788		-	GENERATION AND TRANS MISSION ZONES ATTRAC TIVE FOR RESOURCE 26
789		-	DEVELOPMENT ; 27
790		-
791		-	(V) A SUMMARY OF RELEVAN T REG ULATORY AND 28
792		-	ADMINISTRATIVE PROCE DURES THAT COULD BE STREAMLINED OR MODER NIZED 29
793		-	FOR GREATER EFFICIEN CY; 30 18 SENATE BILL 909
794		-
795		-
796		-
797		-	(VI) THE USE OF ALL BEST AVAILABLE TECHNOLOGI ES AND 1
798		-	TECHNOLOGIES THAT MA Y BECOME AVAILABLE I N THE FUTURE; 2
799		-
800		-	(VII) SENSITIVITIES RELATE D TO VARIOUS LEVELS OF 3
801		-	ELECTRIFICATION AND THE ADOPTION OF LOAD FLEXIBILITY AND DIST RIBUTED 4
802		-	ENERGY RESOURCES ; 5
803		-
804		-	(VIII) METHODS FOR ACHIEVIN G 60%, 80%, AND 100% OF THE 6
805		-	STATE’S ENERGY NEEDS THROU GH IN–STATE GENERATION ; 7
806		-
807		-	(IX) AN INDEPENDENT RATEP AYER IMPACT ANALYSIS ; 8
808		-
809		-	(X) RELATED INVESTMENTS IN ELECTRICITY AND G AS 9
810		-	INFRASTRUCTURE , INCLUDING ANY INTERP LAY BETWEEN THE TWO ; 10
811		-
812		-	(XI) ECONOMIC DEVELOPMENT AND WORKFORCE 11
813		-	OPPORTUNITIES ; 12
814		-
815		-	(XII) STATE FINANCING OPTIO NS, INCLUDING STATE 13
816		-	PROCUREMENT AND MULT ISTATE PROCUREMEN T; 14
817		-
818		-	(XIII) UTILITY BUSINESS MOD ELS, TARIFFS, AND COST RECOVERY ; 15
819		-
820		-	(XIV) SUPPORTIVE MARKET ST UDIES; 16
821		-
822		-	(XV) PLANS FOR LEVERAGING AVAILABLE FEDERAL FU NDS; AND 17
823		-
824		-	(XVI) KEY FINDINGS FROM TH E STUDY REQUIRED UND ER 18
825		-	SUBSECTION (D) OF THIS SECTION. 19
826		-
827		-	(D) (1) ON OR BEFORE SEPTEMBER 30, 2026, THE OFFICE SHALL 20
828		-	CONDUCT A STUDY TO S UPPORT THE DEVELOPME NT OF THE FORECAST. 21
829		-
830		-	(2) THE OFFICE SHALL HIRE A P RIVATE CONSULTANT TO MEET THE 22
831		-	REQUIREMENTS OF THIS SECTION. 23
832		-
833		-	(3) AS PART OF THE STUDY : 24
834		-
835		-	(I) THE COMMISSION SHALL STUDY: 25
836		-
837		-	1. THE VIABILITY OF ENE RGY STORAGE AS A 26
838		-	TRANSMISSION ASSET ; 27
839		-	SENATE BILL 909 19
840		-
841		-
842		-	2. THE NECESSITY OF AN INDEPENDENT DISTRIBU TION 1
843		-	OPERATOR; AND 2
844		-
845		-	3. IN CONSULTATION WITH THE MARYLAND ENERGY 3
846		-	ADMINISTRATION , RECONDUCTORING OPPOR TUNITIES IN THE STATE; 4
847		-
848		-	(II) THE MARYLAND ENERGY ADMINISTRATION SHALL STUDY 5
849		-	THE FEASIBILITY OF P LACING SMALL MODULAR REACTORS ON FORMER 6
850		-	ELECTRICITY GENERATI ON SITES; AND 7
851		-
852		-	(III) THE POWER PLANT RESEARCH PROGRAM SHALL STUDY 8
853		-	STATE LAND SUITABLE F OR SOLAR ENERGY DEVE LOPMENT. 9
854		-
855		-	(4) THE STUDY SHALL : 10
856		-
857		-	(I) INCLUDE AN ANALYSIS , MADE IN CONSULTATION WITH THE 11
858		-	DEPARTMENT OF TRANSPORTATION , OF METHODS FOR REDUC ING 12
859		-	TRANSMISSION –CONSTRAINED AREAS TH ROUGH THE USE OF EXI STING 13
860		-	RIGHTS–OF–WAY; 14
861		-
862		-	(II) INCLUDE THE FEASIBIL ITY AND EFFICAC Y OF: 15
863		-
864		-	1. BROADENING THE STATE’S POWER PURCHASE 16
865		-	AGREEMENT AUTHORITY ; 17
866		-
867		-	2. DEVELOPING ELECTRICI TY PROCUREMENT PLANS TO 18
868		-	ENSURE ADEQUATE , RELIABLE, AFFORDABLE , EFFICIENT, AND ENVIRONMENTALLY 19
869		-	SUSTAINABLE ELECTRIC ITY SERVICE AT THE L OWEST TOTAL COST OVE R TIME, 20
870		-	TAKING INTO ACCOUNT ANY PRICE STABILITY BENEFITS; AND 21
871		-
872		-	3. CONDUCTING COMPETITI VE PROCUREMENT 22
873		-	PROCESSES TO PROCURE THE RESOURCES IDENTI FIED IN THE PROCUREM ENT 23
874		-	PLANS UNDER ITEM (II) OF THIS ITEM; AND 24
875		-
876		-	(III) INCLUDE AND INCORPOR ATE THE RESULTS OF THE STUDIES 25
877		-	REQUIRED UNDER PARAG RAPH (3) OF THIS SUBSECTION . 26
878		-
879		-	(5) ON OR BEFORE DECEMBER 31, 2026, THE OFFICE SHALL SUBMIT 27
880		-	A REPORT OF ITS FIND INGS AND ANY RECOMME NDATIONS TO THE GENERAL 28
881		-	ASSEMBLY IN ACCORDANC E WITH § 2–1257 OF THE STATE GOVERNMENT ARTICLE. 29
882		-
883		-	7–1204. 30
884		-	20 SENATE BILL 909
885		-
886		-
887		-	(A) THE OFFICE, IN CONSULTATION WITH THE COMMISSION AND THE 1
888		-	MARYLAND ENERGY ADMINISTRATION , SHALL COMPLETE ENERG Y MODELING FOR 2
889		-	THE STRATEGY AND SCE NARIOS INCLUDED IN T HE FORECAST UNDER § 7–1203 OF 3
890		-	THIS SUBTITLE, AND FOR ANY CHANGES TO THE STRATEGY SET FORTH IN THE 4
891		-	FORECAST, THAT: 5
892		-
893		-	(1) ENABLES COST –BENEFIT ANALYSES OF ELECTRICITY PRICES B Y 6
894		-	RESOURCE MIX TYPE ; 7
895		-
896		-	(2) CONSIDERS THE TIMELI NE FOR COMMERCIALIZA TION OF ENERGY 8
897		-	TECHNOLOGIES AND WHE N THOSE TECHNOLOGIES MAY BECOME COST –EFFECTIVE; 9
898		-
899		-	(3) PROVIDES LOCATIONAL VALUE PLANNING ; 10
900		-
901		-	(4) HAS THE ABILITY TO R UN POLICY SCENARIOS ANNUALLY IN 11
902		-	ORDER TO PROVIDE EFF ECTIVE FEEDBACK TO T HE GENERAL ASSEMBLY; 12
903		-
904		-	(5) CONSIDERS WHETHER TH E TRANSITION TO DIST RIBUTED 13
905		-	RENEWABLE ENERGY IS DELIVERING SUFFICIEN T ELECTRIC DISTRIBUTIO N SYSTEM 14
906		-	RELIABILITY OR WHETH ER THERE ARE VULNERA BILITIES THAT NEED T O BE 15
907		-	ADDRESSED; 16
908		-
909		-	(6) STRENGTHENS THE DIVE RSITY, SUSTAINABILITY , AND 17
910		-	RESILIENCE OF THE EL ECTRIC TRANSMISSION SYSTEM; 18
911		-
912		-	(7) ENHANCES THE ELECTRI C DISTRIBUTION SYST EM AND 19
913		-	DEMAND–SIDE MANAGEMENT ; AND 20
914		-
915		-	(8) MAY BE UPDATED ANNUA LLY BASED ON STRATEG IES, POLICY 21
916		-	DECISIONS, AND PERIODIC REASSES SMENTS OF THE STATE’S ENERGY PORTFOLIO 22
917		-	TO REMAIN UP –TO–DATE WITH THE EVOLUT ION OF ENERGY GENERA TION AND 23
918		-	TRANSMISSION . 24
919		-
920		-	(B) THE OFFICE SHALL PROVIDE A 45–DAY PERIOD FOR PUBLI C COMMENT 25
921		-	ON ANY MODELING COMP LETED UNDER THIS SEC TION. 26
922		-
923		-	7–1205. 27
924		-
925		-	ON OR BEFORE SEPTEMBER 1, 2027, AND EVERY 2 YEARS THEREAFTER , THE 28
926		-	OFFICE SHALL SUBMIT T O THE GOVERNOR AND , IN ACCORDANCE WITH § 2–1257 OF 29
927		-	THE STATE GOVERNMENT ARTICLE, THE GENERAL ASSEMBLY A REPORT ON : 30
928		-	SENATE BILL 909 21
929		-
930		-
931		-	(1) THE STATUS OF THE FORECAST DEVELOPED UN DER § 7–1203 OF 1
932		-	THIS SUBTITLE AND AN Y CHANGES TO THE STR ATEGY SET FORTH IN T HE FORECAST; 2
933		-	AND 3
934		-
935		-	(2) (I) ANY ENERGY MODELING COMPLETED UNDER § 7–1204 OF 4
936		-	THIS SUBTITLE IN THE IMMEDIATELY PRECEDIN G 2–YEAR PERIOD; AND 5
937		-
938		-	(II) ANY PUBLIC COMMENTS SUBMITTED IN RELATIO N TO THE 6
939		-	MODELING. 7
940		-
941		-	7–1206. 8
942		-
943		-	(A) ON OR BEFORE DECEMBER 1, 2025, THE COMMISSION, IN 9
944		-	CONSULTATION WITH TH E OFFICE, SHALL ADOPT REGULATI ONS REQUIRING EACH 10
945		-	ELECTRIC COMPANY TO DEVELOP AN INTEGRATE D RESOURCE PLAN TO : 11
946		-
947		-	(1) FACILITATE ACHIEVING THE STATE’S GREENHOUSE GAS 12
948		-	EMISSIONS REDUCTIONS GOALS; 13
949		-
950		-	(2) FULFILL THE COMPANY ’S OBLIGATION TO CHAR GE JUST AND 14
951		-	REASONABLE RATES ; 15
952		-
953		-	(3) MINIMIZE OR MITIGATE IMPACTS ON RATEPAYER S IN THE STATE; 16
954		-
955		-	(4) ENSURE BOTH SHORT –TERM AND LONG –TERM ELECTRIC 17
956		-	DISTRIBUTION SYSTEM RELIABILITY, INCLUDING MEETING TH E RESOURCE 18
957		-	ADEQUACY NEEDS OF TH E STATE; 19
958		-
959		-	(5) STRENGTHEN THE DIVER SITY, SUSTAINABILITY , AND RESILIENCE 20
960		-	OF THE ELECTRIC TRAN SMISSION SYSTEM ; 21
961		-
962		-	(6) ENHANCE THE ELECTRIC DISTRIBUTION SYSTEM AND 22
963		-	DEMAND–SIDE MANAGEMENT ; AND 23
964		-
965		-	(7) MINIMIZE LOCALIZED A IR POLLUTANTS AND OT HER GREENHOUSE 24
966		-	GAS EMISSIONS, WITH PRIORITY INITIA LLY GIVEN TO UNDERSE RVED COMMUNITIES 25
967		-	OR OVERBURDENED COMM UNITIES AS DEFINED I N § 1–701 OF THE ENVIRONMENT 26
968		-	ARTICLE. 27
969		-
970		-	(B) (1) ON OR BEFORE JULY 1, 2026, EACH ELECTRIC COMPAN Y SHALL 28
971		-	SUBMIT TO THE COMMISSION THE INTEGR ATED RESOURCE PLAN R EQUIRED UNDER 29
972		-	THIS SECTION. 30
	972	+	(2) On or before December 31, 2026, the Public Service Commission shall 29
	973	+	submit to the General Assembly, in accordance with § 2–1257 of the State Government 30
	974	+	Article, a report on the study required under paragraph (1) of this subsection. 31
973	975		22 SENATE BILL 909
974	976
975	977
976		-	(2) ON OR BEFORE JULY 1, 2031, AND EVERY 5 YEARS THEREAFTER , 1
977		-	EACH ELECTRIC COMPAN Y SHALL PROVIDE TO T HE COMMISSION AN UPDATE ON 2
978		-	THE INTEGRATED RESOU RCE PLAN REQUIRED UN DER THIS SECTION . 3
	978	+	(b) (1) The Department of Transportation shall study methods for reducing 1
	979	+	transmission–constrained areas through the use of existing rights–of–way. 2
979	980
980		-	SECTION 2. AND BE IT FURTHER ENACTED, That: 4
	981	+	(2) On or before December 31, 2026, the Department of Transportation 3
	982	+	shall submit to the General Assembly, in accordance with § 2 –1257 of the State 4
	983	+	Government Article, a report on the study required under paragraph (1) of this subsection. 5
981	984
982		-	(a) (1) The Public Service Commission shall study the effectiveness of an 5
983		-	independent distribution operator. 6
	985	+	(c) (1) (i) The Maryland Energy Administration shall obtain existing 6
	986	+	power flow analyses for electric system reliability in the State that are related to currently 7
	987	+	known electric generation facility retirements. 8
984	988
985		-	(2) On or before December 31, 2026, the Public Service Commission shall 7
986		-	submit to the General Assembly, in accordance with § 2–1257 of the State Government 8
987		-	Article, a report on the study required under paragraph (1) of this subsection. 9
	989	+	(ii) If the Maryland Energy Administration is unable to obtain the 9
	990	+	existing power flow analyses under subparagraph (i) of this paragraph, then the 10
	991	+	Administration, with the support of the Public Service Commission, shall develop a power 11
	992	+	flow analysis for electric system reliability in the State that is related to currently known 12
	993	+	electric generation facility retirements. 13
988	994
989		-	(b) (1) The Department of Transportation shall study methods for reducing 10
990		-	transmission–constrained areas through the use of existing rights–of–way. 11
	995	+	(iii) On or before January 1, 2026, the Maryland Energy 14
	996	+	Administration shall submit to the Governor and, in accordance with § 2–1257 of the State 15
	997	+	Government Article, the General Assembly a report on the power flow analyses required 16
	998	+	under this paragraph. 17
991	999
992		-	(2) On or before December 31, 2026, the Department of Transportation 12
993		-	shall submit to the General Assembly, in accordance with § 2 –1257 of the State 13
994		-	Government Article, a report on the study required under paragraph (1) of this subsection. 14
	1000	+	(2) (i) On or before December 31, 2025, and on or before December 31, 18
	1001	+	2026, the Maryland Energy Administration shall provide to the General Assembly, in 19
	1002	+	accordance with § 2–1257 of the State Government Article, an update on the status of the 20
	1003	+	National Renewable Energy Laboratory’s analysis on resource adequacy conducted at the 21
	1004	+	request of the Administration. 22
995	1005
996		-	(c) (1) (i) The Maryland Energy Administration shall obtain existing 15
997		-	power flow analyses for electric system reliability in the State that are related to currently 16
998		-	known electric generation facility retirements. 17
	1006	+	(ii) On receipt of the National Renewable Energy Laboratory’s final 23
	1007	+	analysis on resource adequacy, the Maryland Energy Administration shall submit a final 24
	1008	+	report on the analysis to the General Assembly, in accordance with § 2–1257 of the State 25
	1009	+	Government Article. 26
999	1010
1000		-	(ii) If the Maryland Energy Administration is unable to obtain the 18
1001		-	existing power flow analyses under subparagraph (i) of this paragraph, then the 19
1002		-	Administration, with the support of the Public Service Commission, shall develop a power 20
1003		-	flow analysis for electric system reliability in the State that is related to currently known 21
1004		-	electric generation facility retirements. 22
	1011	+	SECTION 3. AND BE IT FURTHER ENACTED, That , on or before September 1, 27
	1012	+	2027, the Strategic Energy Planning Office shall submit to the Governor and, in accordance 28
	1013	+	with § 2–1257 of the State Government Article, the General Assembly a status update on 29
	1014	+	the development of the Comprehensive Wholesale Energy Markets and Bulk Power System 30
	1015	+	Risk Report developed under § 7–1203 of the Public Utilities Article, as enacted by Section 31
	1016	+	1 of this Act. 32
1005	1017
1006		-	(iii) On or before January 1, 2026, the Maryland Energy 23
1007		-	Administration shall submit to the Governor and, in accordance with § 2–1257 of the State 24
1008		-	Government Article, the General Assembly a report on the power flow analyses required 25
1009		-	under this paragraph. 26
1010		-
1011		-	(2) (i) On or before December 31, 2025, and on or before December 31, 27
1012		-	2026, the Maryland Energy Administration shall provide to the General Assembly, in 28
1013		-	accordance with § 2–1257 of the State Government Article, an update on the status of the 29
1014		-	National Renewable Energy Laboratory’s analysis on resource adequacy conducted at the 30
1015		-	request of the Administration. 31
1016		-
1017		-	(ii) On receipt of the National Renewable Energy Laboratory’s final 32
1018		-	analysis on resource adequacy, the Maryland Energy Administration shall submit a final 33
1019		-	report on the analysis to the General Assembly, in accordance with § 2–1257 of the State 34
1020		-	Government Article. 35
1021		-	SENATE BILL 909 23
1022		-
1023		-
1024		-	SECTION 3. AND BE IT FURTHER ENACTED, That, on or before September 1, 1
1025		-	2027, the Strategic Energy Planning Office shall submit to the Governor and, in accordance 2
1026		-	with § 2–1257 of the State Government Article, the General Assembly a status update on 3
1027		-	the development of the Comprehensive Wholesale Energy Markets and Bulk Power System 4
1028		-	Risk Report developed under § 7–1203 of the Public Utilities Article, as enacted by Section 5
1029		-	1 of this Act. 6
1030		-
1031		-	SECTION 2. 4. AND BE IT FURTHER ENACTED, That this Act shall take effect 7
1032		-	July 1, 2025. 8
1033		-
1034		-
1035		-
1036		-	Approved:
1037		-	________________________________________________________________________________
1038		-	Governor.
1039		-	________________________________________________________________________________
1040		-	President of the Senate.
1041		-	________________________________________________________________________________
1042		-	Speaker of the House of Delegates.
	1018	+	SECTION 2. 4. AND BE IT FURTHER ENACTED, That this Act shall take effect 33
	1019	+	July 1, 2025. 34