Maryland § 7-524
Full text of Maryland Maryland Code § 7-524, with citation guidance and answers to common questions.
§ 7-524.
(a) Tariffs implementing a rate stabilization plan may provide that:
(1) residential customers shall be charged the full cost of residential standard offer service necessary to recover the electric company’s costs under § 7- 510(c)(3) of this subtitle; and
(2) any credits or recoveries required or authorized under this part shall be reflected as nonbypassable credits or charges on the electric distribution portion of each residential customer’s bill.
(b) As part of the submission of a rate stabilization plan, an electric company may apply to the Commission for a qualified rate order for the financing and recovery of its approved rate stabilization costs in accordance with this part.
Frequently Asked Questions About Maryland § 7-524
What does Maryland Code § 7-524 cover?
Section 7-524 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 7-524?
A common citation format is "Maryland Code § 7-524" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 7-524 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.