Maryland Public Utility Companies Section 7-508

      (a)      An electric company may transfer any of its generation facilities or generation assets to an affiliate.

      (b)      The transfer of a generation facility or generation asset to an affiliate may not affect or restrict the Commission's determination of the value of a generation asset for purposes of transition costs or benefits under § 7-513(b) of this subtitle.

      (c)      (1)      This subsection is in effect until the later of the date when:

                  (i)      all customers of the electric company are eligible for customer choice under § 7-510 of this subtitle; and

                  (ii)      the amount of transition costs or benefits arising from the generation to be transferred has been finally determined by the Commission under § 7-513(a) through (c) of this subtitle.

            (2)      The Commission may review and approve the transfer for the sole purpose of determining:

                  (i)      that the appropriate accounting has been followed;

                  (ii)      that the transfer does not or would not result in an undue adverse effect on the proper functioning of a competitive electricity supply market; and

                  (iii)      the appropriate transfer price and rate making treatment.

            (3)      The Commission shall act on the transfer of a generation facility or generation asset under this subsection within 180 days after the electric company files its proposed transfer application and any required supporting information.