Md. Moves 1 Step Closer To Re-Regulating Electricity

Law360, New York (March 25, 2009, 12:00 AM EDT) -- Maryland's Senate Finance Committee gave the green light to a bill backed by the state's governor that would give state regulators authority to direct utilities to construct new power plants when it is in the public interest.

The committee approved the legislation, which was sponsored by Democrat and committee chairman Thomas Middleton, on Tuesday. The bill is backed by Maryland Gov. Martin O'Malley, also a Democrat, and opposed by critics who say re-regulation doesn't guarantee lower energy prices or reliability.

The legislation is Senate Bill 844,...
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