§ 7-318
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/md/public-utilities/7-318A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–318.
(a)Beginning July 1, 2025, a person may not engage in the business of an energy vendor in the State unless the person holds a license issued by the Commission.
(1)An application for an energy vendor license shall:
(i)be made to the Commission in writing on a form adopted by the Commission;
(ii)be verified by oath or affirmation; and
(iii)contain information that the Commission requires, including payment of the applicable licensing fee.
(i)The term of an energy vendor license is 3 years.
(ii)The terms of licenses may be staggered as determined by the Commission.
(iii)Unless a license is renewed for a 3–year term in accordance with this subsection, the license expires on the date that the Commission sets.
(iv)A licensee may renew a license for a 3–year term before the license expires if the licensee:
1. otherwise is entitled to be licensed;
2. submits to the Commission a renewal application on the form that the Commission provides; and
3. pays to the Commission the applicable renewal fee set by the Commission.
(c)The Commission shall, by regulation or order:
(1)require proof of financial integrity;
(2)require a licensee to post a bond or other similar instrument if, in the Commission’s judgment, the bond or similar instrument is necessary to ensure an energy vendor’s financial integrity; and
(3)adopt any other requirements the Commission finds to be in the public interest.
(d)A license issued under this section may not be transferred without prior Commission approval.