(a) In this section, “actual cost” means the costs and expenses deferred as regulatory assets multiplied by:
(1) the electric company’s cost of debt; or
(2) if the electric company secures the debt under Part III of this subtitle, the cost of the secured debt.
(b) An electric company shall recover, as an additional rate stabilization cost, the actual cost to the electric company of carrying the costs and expenses deferred as regulatory assets under the rate stabilization plan.
Structure Maryland Statutes
Division I - Public Services and Utilities
Title 7 - Gas, Electric, and Water Companies
Subtitle 5 - Electric Industry Restructuring
Part IV - Rate Stabilization -- Specific Provisions
Section 7-548 - Rate Stabilization Plans and Recovery of Costs
Section 7-549 - Recovery of Actual Costs of Carrying Costs and Expenses