ANNAPOLIS, Md. — Legislation recently introduced in the Maryland General Assembly would establish new transparency and notification requirements for certain public service companies operating in the state.
The Public Service Company Transparency Act (HB 540) was introduced on Jan. 27 and referred to the House Environment and Transportation Committee. The bill applies to investor-owned electric companies, gas companies, and combination gas and electric companies regulated by the Maryland Public Service Commission, according to the bill text.
Under the proposed legislation, covered utilities would be required to provide advance notice to customers before initiating certain regulatory proceedings that could result in changes to utility rates. The bill outlines requirements for how and when customers must be notified, including written communications prior to the filing of rate-related cases.
HB 540 would also require utilities to include a specified statement in customer billing materials, including monthly bills and automatic payment correspondence. In addition, utilities would be required to distribute an annual report to customers containing information related to rates and other matters identified in the bill.
The legislation further directs the Maryland Public Service Commission, in consultation with the Office of People’s Counsel, to develop a report related to utility rate transparency. Details regarding the content and timing of the report are specified in the bill text.
The proposal is part of broader legislative efforts in recent years focused on utility regulation, customer awareness, and oversight of rate-setting processes. Lawmakers have continued to review utility practices amid ongoing discussions about energy costs and affordability for Maryland residents.
As of early February, HB 540 remains pending in the House Environment and Transportation Committee, with a hearing scheduled later in the session. No vote has yet been taken on the bill.
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