Electricity Generation and Storage - Investor-Owned Electric Companies and Front-of-the-Meter Storage (Affordable Energy Act)

HB 1561 requires Maryland's Public Service Commission to mandate investor-owned electric utilities to develop resource adequacy plans if the state faces insufficient power supply capacity or experiences severe price spikes in the PJM electricity market. The bill directs utilities to prioritize renewable energy investments in these plans and allows them to recover reasonable costs (including stranded investments) through regulated surcharges. It modifies how utilities can recover expenses for building power generation facilities and transmission infrastructure, ensuring cost recovery aligns with federal rate base approvals. This directly affects Maryland's major electric utilities (like Potomac Electric Power Company) and their ratepayers through potential cost adjustments.