(a) If the Commission determines that a site is needed, the Commission, on its own motion, may request the Secretary of Natural Resources to purchase a power plant site as provided in Title 3, Subtitle 3 of the Natural Resources Article.
(b) In determining whether a need exists for the State to purchase a power plant site, the Commission shall consider:
(1) the suitability of sites owned by an electric company, both within and outside the State;
(2) the anticipated growth of electric power demand and the alternative means and locations for meeting that demand, both within and outside the State; and
(3) any other factors required by law.
(c) (1) The Commission may determine that a power plant site is needed only after the Commission gives public notice and holds a public hearing.
(2) The hearing shall be held in the legislative district in which the site under consideration is located.