Maryland HB1 limits cost recovery for certain public service companies through rates.

Maryland HB1 prohibits public service companies from recovering costs through rates for memberships, dues, sponsorships, or contributions to industry trade associations. It also limits the recovery of costs for paying bonuses to employees, except for those with written employment contracts executed before December 31, 2025. The bill mandates that boards of directors adopt policies to limit expenditures on entertainment, renovations, transportation, and other activities. The act takes effect October 1, 2026.

Maryland HB1 limits cost recovery for certain public service companies through rates.

Maryland HB1 prohibits public service companies from recovering costs through rates for memberships, dues, sponsorships, or contributions to industry trade associations. It also limits the recovery of costs for paying bonuses to employees, except for those with written employment contracts executed before December 31, 2025. The bill mandates that boards of directors adopt policies to limit expenditures on entertainment, renovations, transportation, and other activities. The act takes effect October 1, 2026.