Maryland legislation · 2026 Regular Session
Maryland HB723: Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act)
Status: In committee, February 23, 2026
Requiring electric companies to submit to the Public Service Commission cost containment plans for electric distribution and transmission system planning on or before January 1, 2027, and every 3 years thereafter; requiring the plans to combine to reduce peak electric system loads in a certain manner; and requiring electric companies to submit certain progress reports on the implementation of the plan.
What the bill says
A bill ENTITLED AN ACT concerning Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act) FOR the purpose of requiring electric companies to submit to the Public Service Commission cost containment plans for electric distribution and transmission system planning at certain times; requiring the plans to combine to reduce peak electric system loads in a certain manner; requiring electric companies to submit certain progress reports on the implementation of the plan…
From the introduced text, February 2, 2026:
A BILL ENTITLED AN ACT concerning Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act) FOR the purpose of requiring electric companies to submit to the Public Service Commission cost containment plans for electric distribution and transmission system planning at certain times; requiring the plans to combine to reduce peak electric system loads in a certain manner; requiring electric companies to submit certain progress reports on the implementation of the plan; and generally relating to electric companies and electric system cost containment planning. BY adding to Article - Public Utilities Section 7-805 Annotated Code of Maryland (2025 Replacement Volume and 2025 Supplement) BY repealing and reenacting, without amendments, Article - Public Utilities Section 7-1001(a) and (d) Annotated Code of Maryland (2025 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Public Utilities 7-805. EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW. [Brackets] indicate matter deleted from exist in g l aw . *hb0723* HOUSE BILL (A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS INDICATED. (2) (I) "ADVANCED TRANSMISSION TECHNOLOGIES" MEANS INFRASTRUCTURE, HARDWARE, OR SOFTWARE THAT INCREASES THE CAPACITY, EFFICIENCY, RELIABILITY, OR RESILIENCE OF A NEW OR EXISTING TRANSMISSION LINE FACILITY. …