Maryland SB2 limits cost recovery for certain bonuses and expenditures by investor-owned electric, gas, and gas and electric companies.

Maryland SB2 prohibits investor-owned electric, gas, and gas and electric companies from recovering costs through rates for paying bonuses to employees unless specific conditions are met. It also restricts recovery of costs for certain expenditures, including entertainment, renovations, transportation, and activities outside normal business operations. The bill mandates that boards of directors adopt policies to limit costs for these areas. The provisions take effect on October 1, 2026.

Maryland SB2 limits cost recovery for certain bonuses and expenditures by investor-owned electric, gas, and gas and electric companies.

Maryland SB2 prohibits investor-owned electric, gas, and gas and electric companies from recovering costs through rates for paying bonuses to employees unless specific conditions are met. It also restricts recovery of costs for certain expenditures, including entertainment, renovations, transportation, and activities outside normal business operations. The bill mandates that boards of directors adopt policies to limit costs for these areas. The provisions take effect on October 1, 2026.