Maryland HB702 alters the use of compliance fee revenue in the Maryland Strategic Energy Investment Fund to provide energy refunds to residential.
Maryland HB702 changes how compliance fee revenue in the Maryland Strategic Energy Investment Fund is used. It mandates that a portion of these fees be granted to electric companies for refunds or credits to residential distribution customers in fiscal year 2027. These refunds are specifically for members of cooperative housing corporations and unit owners of condominiums. The refunds are to be distributed by the governing body of the cooperative housing corporation or the board of directors of the condominium.
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