(a) Tariffs implementing a rate stabilization plan may provide that:
- (1) residential customers shall be charged the full cost of residential standard offer service necessary to recover the electric company's costs under § 7-510(c)(3) of this subtitle; and
- (2) any credits or recoveries required or authorized under this part shall be reflected as nonbypassable credits or charges on the electric distribution portion of each residential customer's bill.
- (b) As part of the submission of a rate stabilization plan, an electric company may apply to the Commission for a qualified rate order for the financing and recovery of its approved rate stabilization costs in accordance with this part.
Added by Acts 2006, 1st Sp. Sess., c. 5, § 1, eff. June 23, 2006.