Maryland HB540 mandates transparency for investor-owned electric, gas, and gas and electric companies regarding rate changes.

Maryland HB540 requires investor-owned electric, gas, and gas and electric companies to notify customers before initiating a rate change proceeding. Companies must include a statement in each customer bill and automatic payment email, and distribute an annual rate report. The Public Service Commission, in consultation with the Office of People’s Counsel, must develop and publish an annual rate report for each public service company. The Office of People’s Counsel can bring a case to the Commission if it determines that an annual rate report includes incorrect or misleading information.

Maryland HB540 mandates transparency for investor-owned electric, gas, and gas and electric companies regarding rate changes.

Maryland HB540 requires investor-owned electric, gas, and gas and electric companies to notify customers before initiating a rate change proceeding. Companies must include a statement in each customer bill and automatic payment email, and distribute an annual rate report. The Public Service Commission, in consultation with the Office of People’s Counsel, must develop and publish an annual rate report for each public service company. The Office of People’s Counsel can bring a case to the Commission if it determines that an annual rate report includes incorrect or misleading information.