(a) This section applies:
(1) to a project undertaken by an investor–owned electric company or gas and electric company that:
(i) involves the construction, reconstruction, installation, demolition, restoration, or alteration of any electric infrastructure of the company, and any related traffic control activities; and
(ii) is funded by federal funds to meet the State’s policy goals for electric system planning under Title 7, Subtitle 8 of the Public Utilities Article, including funds made available under the federal Infrastructure Investment and Jobs Act or the federal Inflation Reduction Act; and
(2) only to the portion of the project supported by the federal funds.
(b) An investor–owned electric company or gas and electric company shall require a contractor or subcontractor on a project described in subsection (a) of this section to:
(1) pay the area prevailing wage for each trade employed, including wages and fringe benefits;
(2) offer health care and retirement benefits to the employees working on the project;
(3) participate in an apprenticeship program registered with the State for each trade employed on the project;
(4) establish and execute a plan for outreach, recruitment, and retention of State residents to perform work on the project, with an aspirational goal of 25% of total work hours performed by Maryland residents, including residents who are:
(i) returning citizens;
(ii) women;
(iii) minority individuals; or
(iv) veterans;
(5) have been in compliance with federal and State wage and hour laws for the previous 3 years;
(6) be subject to all State reporting and compliance requirements; and
(7) maintain all appropriate licenses in good standing.