Maryland SB598 mandates electric companies to submit cost containment plans to reduce peak electric system loads by 20% by 2030.

Maryland SB598 requires electric companies to submit cost containment plans to the Public Service Commission. These plans must aim to reduce peak electric system loads by at least 20% from 2025 levels by 2030. The plans should include descriptions of ongoing and planned actions, initiatives, or projects, and an analysis of the decision-making process. The Commission may allow staggered submission schedules and adjust deadlines if needed. Companies must also submit progress reports on implementing the approved plans.

Maryland SB598 mandates electric companies to submit cost containment plans to reduce peak electric system loads by 20% by 2030.

Maryland SB598 requires electric companies to submit cost containment plans to the Public Service Commission. These plans must aim to reduce peak electric system loads by at least 20% from 2025 levels by 2030. The plans should include descriptions of ongoing and planned actions, initiatives, or projects, and an analysis of the decision-making process. The Commission may allow staggered submission schedules and adjust deadlines if needed. Companies must also submit progress reports on implementing the approved plans.