Maryland Code, Public Utilities § 7-223

(1) covers appropriate ratepayer classes;

(2) starting in 2027, covers a 3-year program cycle; and

(3) achieves the greenhouse gas emissions reduction target established for the electric company or gas company under subsection (b) of this section through cost-effective energy efficiency and conservation programs and services, demand response programs and services, and beneficial electrification programs and services.

(b)(1) For 2025 and 2026, and for each 3-year program cycle starting in 2027, the Commission shall establish a greenhouse gas emissions reduction target for each electric company and each gas company subject to § 7-222(a) of this subtitle as provided in this subsection.

(2) When establishing greenhouse gas emissions reduction targets under this subsection, the Commission shall measure the greenhouse gas emissions from electricity and gas, and the intensities of those emissions, using current data and projections from the Department of the Environment.

(3) The greenhouse gas emissions reduction targets established under this subsection shall be measured:

(4) By the dates specified in § 7-225(a) of this subtitle, the Commission shall establish greenhouse gas emissions reduction targets for each electric company plan that will achieve at least the greenhouse gas emissions reduction equivalent, measured on a lifecycle basis using the emission intensities under paragraph (2) of this subsection, of the following annual electricity savings percentages, calculated as a percentage of the electric company's 2016 weather-normalized gross retail sales and electricity losses:

(5) On or before January 1, 2025, and on or before January 1 every 3 years, starting in 2027, the Commission shall establish greenhouse gas emissions reduction targets for each gas company plan that will achieve at least the greenhouse gas emissions reduction equivalent, measured on a lifecycle basis using the emission intensities under paragraph (2) of this subsection, of the gas savings achieved by the gas company for the 2021-2023 program cycle.

(6) The Commission shall take into consideration the most recent final plan adopted under § 2-1205 of the Environment Article when establishing the greenhouse gas emissions reduction targets under this subsection.

(7) For 2025 and 2026:

(1) may, notwithstanding § 7-222(d)(2) of this subtitle, include recovery of the reasonable and prudent costs from programs that are not behind-the-meter programs in a base rate proceeding, subject to Commission approval; and

(2) may not include the increased adoption of electric vehicles.