MD HB1

Investor-owned electric, gas, and combination gas and electric companies are prohibited from recovering through customer rates any supervisor compensation exceeding 110% of the Public Service Commission Chair's annual salary

Companies cannot recover costs for industry trade association memberships/dues (501(c)(6) organizations) or private planes owned or leased by the company or its holding company

Boards of directors must adopt company-wide policies placing reasonable cost limitations on entertainment, facility renovations, transportation services, staff development, performance incentives, and other non-routine business activities

The Public Service Commission must publish guidance defining "reasonable cost limitations" for these expenditures, and companies must submit their policies to the Commission upon adoption and at least every 5 years

Effective date: June 1, 2026