Campaign Finance - Contributions by Gas and Electric Utility Companies - Prohibition

HB 509 prohibits gas and electric utility companies doing business in Maryland from making campaign contributions to candidates for nonfederal state offices. It bans both direct and indirect contributions to political campaigns or campaign finance entities supporting these candidates. The bill defines "utility company" as electric or gas companies under Maryland law and applies only to companies operating within the state. The prohibition takes effect June 1, 2026.