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Maryland Code, Public Utilities § 6-308

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The cost of an improvement that an acquiring entity places in service after the acquisition shall accrue a construction allowance after the date the cost was incurred until the earlier of:

(1) 3 years after the improvement is placed in service; or

(2) the date the improvement is included in the acquiring entity's next base rate case.

(b) Depreciation on an acquiring entity's improvements after the acquisition shall be deferred for book and rate making purposes.

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Cite this article: FindLaw.com - Maryland Code, Public Utilities § 6-308 - last updated January 01, 2025 | https://codes.findlaw.com/md/public-utilities/md-code-public-util-sect-6-308/

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