1. (a) This section applies only to a public institution of higher education that owns, manages, or maintains a steam system or an electric system for the purpose of providing services exclusively for the benefit of the institution.
2. (b) A person that enters into an agreement or lease with a public institution of higher education to facilitate or undertake the financing, whole or partial ownership, operation, generation, construction, distribution, or maintenance of an on-site steam or electric generation, production, or distribution system for the institution may not be considered a public service company, as defined in § 1-101 of the Public Utilities Article, subject to the jurisdiction of the Public Service Commission as a result of the financing, leasing, ownership, operation, control, management, construction, distribution, or maintenance of the steam or electric system.

Added by Acts 1999, c. 573, § 1, eff. July 1, 1999. Amended by Acts 2010, c. 52, § 1, eff. Oct. 1, 2010.