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

HB 897 (the "Lower Bills and Local Power Act of 2026") requires electric companies operating high-voltage transmission lines (>69,000 volts) in Maryland to join regional transmission organizations. It mandates new application details for certain utility projects, creates a Solar and Energy Storage Market Stabilization Program within the Maryland Energy Administration, and redirects funds from the Maryland Strategic Energy Investment Fund to provide refunds or credits to residential electricity customers. The bill also requires studies on siting transmission lines and battery storage systems within existing rights-of-way and sets deadlines for the Public Service Commission to review project certificates. These provisions directly affect electric utilities, the Public Service Commission, and residential electricity customers through cost adjustments.