Bill Positions

Bill Number: SB 794

Bill Title: Public Service Commission - Required Approval - Acquisition of Generation Facility

Bill Sponsor(s): Sen. Pipkin & Rosapepe

Subject: Environment & Energy

Committee: FIN

Bill Summary: This bill would have prohibited a person, without prior approval of the Public Service Commission, from acquiring a generation facility or acquiring an ownership interest in a generation facility in the State.

History: This bill was withdrawn by the sponsor.

Chamber Position: Oppose

Position Summary: Government should not get involved in mergers and acquisitions of the private sector. This bill would have discouraged companies outside of Maryland from investing in Maryland based companies that are the cornerstones of Maryland's economy. Good investment in Maryland companies should be encouraged to help strengthen the economy. For these reasons, the Maryland Chamber opposed this bill.

Position Statement: Coming Soon

Chamber Staff: Allyson Black

General Assembly: Click here to view the bill on the Maryland General Assembly's website.