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MD HB974
Bill
Status
Introduced
2/6/2026
Primary Sponsor
Brian Chisholm
Click for details
AI Summary
- Repeals licensing requirements for energy salespersons and energy vendors, leaving only electricity suppliers and gas suppliers subject to Public Service Commission licensing
- Reduces the maximum assessment charge on public service companies from 0.50% to 0.25% of gross operating revenues for Commission costs and expenses
- Renames the "Education and Protection Fund" to the "Retail Choice Customer Education and Protection Fund" and removes provisions related to climate commitments and green energy education from the fund's purposes
- Lowers maximum civil penalties for electricity supplier violations from $25,000 to $10,000 and eliminates the ability to deny or refuse to renew licenses (only revocation or suspension remains)
- Abolishes a division within the Public Service Commission established by Chapter 537 of the Acts of 2024, with affected employees reassigned without reduction in pay or benefits; takes effect October 1, 2026
Legislative Description
Electricity and Gas - Retail Supply (Freedom From Monopolies Act)
Disclosure
Last Action
Hearing 3/06 at 1:30 p.m.
3/3/2026
Committee Referrals
Environment and Transportation2/6/2026
Full Bill Text
No bill text available