Maryland Public Service Commission

SB 841 utility relief package — Senate Bill 841 (2026) enacted immediate ratepayer relief measures: $150 utility bill rebates for residential customers, an executive compensation cap of $250,000 chargeable to ratepayers, and a prohibition on recovering certain lobbying costs from rates. The legislation reflects legislative frustration with Exelon utilities' rate increase trajectory and executive pay practices. PSC is implementing compliance rulemaking.

Pepco Case No. 9820 rate case — Pepco's pending rate case before the Maryland PSC (Case No. 9820) seeks recovery of grid modernization and infrastructure investment. The case is contested by the Office of People's Counsel and the Maryland Energy Administration. Key issues include the appropriate capital structure, allowed ROE, and whether AMI and EV charging investments should be included in rate base. Decision expected 2026.

EmPOWER Maryland and climate mandates — Maryland's Climate Solutions Now Act (2022) requires 60% GHG reduction by 2031 and 100% clean electricity by 2035. EmPOWER Maryland energy efficiency programs are funded through utility cost recovery. PSC is reviewing whether current efficiency investment levels are sufficient to meet statutory targets on the 2035 timeline.

Exelon multi-utility coordination scrutiny — Pepco, BGE, and Delmarva are all Exelon subsidiaries; their rate cases and capital programs are developed through a centralized parent-company planning process. The PSC, the Office of People's Counsel, and the Maryland legislature have raised concerns about whether Maryland ratepayers cross-subsidize Exelon's other regulated utilities. SB 841 cost-allocation provisions directly respond to this concern.

Offshore wind cost recovery — Maryland PSC is administering cost recovery for offshore wind renewable energy credits (RECs) purchased by Maryland utilities under the Maryland Offshore Wind Energy Act. US Wind (MarWin project) and Ørsted (Skipjack Wind) are the primary Maryland-designated projects; developer cost pressures have reopened REC price negotiations.