Electricity Transmission and Distribution, Energy Storage, and Maryland Strategic Energy Investment Fund (Lower Bills and Local Power Act of 2026)

SB 386 (Lower Bills and Local Power Act of 2026) requires electric companies operating high-voltage transmission lines (over 69,000 volts) in Maryland to join a regional transmission organization. It mandates that applicants seeking permits for new transmission lines must include alternative proposals using advanced transmission technologies and compare their cost-effectiveness. The bill creates a new Solar and Energy Storage Market Stabilization Program within the Maryland Energy Administration and directs funds from the Strategic Energy Investment Fund to provide refunds or credits to residential customers. These changes aim to modernize transmission infrastructure, promote technology adoption, and reduce costs for Maryland ratepayers.