(a) The qualified rate order shall set forth the rate stabilization costs to be recovered and the period over which the nonbypassable qualified rate stabilization charges shall be recovered.
(b) The recovery period may not exceed 12 years.
Md. Code Ann., Pub. Util. § 7-527
Known as the Electric Customer Choice and Competition Act
The act spans §§ 7–7 (49 sections).
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.