Bill Positions

Bill Number: SB 479

Bill Title: Electric Companies - Assessment Resulting From Default of Payments From Financial Speculation

Bill Sponsor(s): Sen. Della

Subject: Environment & Energy

Committee: FIN

Bill Summary: This bill authorizes that if an an electric company is assessed a sum of money by PJM Interconnection, L.LC., to offset losses caused by default by a financial speculator, the company may pay the sum from its corporate earnings, but may not recover the sum from its customers.

History: None

Chamber Position: Oppose

Position Summary: This legislation is essentially a tax bill specifically for electric companies.

For this reason, the Maryland Chamber opposes this legislation.

Position Statement: Coming Soon

Chamber Staff: Allyson Black

General Assembly: Click here to view the bill on the Maryland General Assembly's website.