Maryland HB981 mandates the Public Service Commission to determine the equity market return in base rate proceedings for certain public service.

Maryland HB981 requires the Public Service Commission to determine the current average expected 10-year United States equity market return in base rate proceedings for investor-owned gas, electric, or combination gas and electric companies. The Commission must use multiple objective sources to ascertain this return. Additionally, the bill authorizes the Commission to adjust rates based on the risks to the public service company compared to the determined equity market return. This Act is set to take effect on October 1, 2026.

Maryland HB981 mandates the Public Service Commission to determine the equity market return in base rate proceedings for certain public service.

Maryland HB981 requires the Public Service Commission to determine the current average expected 10-year United States equity market return in base rate proceedings for investor-owned gas, electric, or combination gas and electric companies. The Commission must use multiple objective sources to ascertain this return. Additionally, the bill authorizes the Commission to adjust rates based on the risks to the public service company compared to the determined equity market return. This Act is set to take effect on October 1, 2026.