Public Service Commission - Full Costs and Benefits Analysis of Sources of Electricity Generation

HB 674 requires Maryland's Public Service Commission to analyze the full costs and benefits of different electricity generation sources for ratepayers. The commission must compare three scenarios: current natural gas and nuclear capacity, 8,500 megawatts of offshore wind plus storage, and calculate additional reliability costs for wind energy. Using the Levelized Full System Cost model, the analysis will identify the lowest-cost options and recommend policy changes to support them. The commission must submit findings to relevant legislative committees by December 1, 2027, with the bill taking effect October 1, 2026. This directly affects electricity ratepayers through potential cost comparisons for state energy choices.