HB 723 — Maryland
Electric Companies - Cost Containment Plans - Requirement (Securing Affordable, Valuable Investments in Next Generation Grid Solutions (SAVINGS) Act)
Requiring electric companies to submit to the Public Service Commission cost containment plans for electric distribution and transmission system planning on or before January 1, 2027, and every 3 years thereafter; requiring the plans to combine to reduce peak electric system loads in a certain manner; and requiring electric companies to submit certain progress reports on the implementation of the plan.
Latest action: Hearing 3/03 at 1:00 p.m. · Feb 23, 2026
Synopsis written by the legislature's own staff, as published on the official bill page. Status label is derived from the recorded actions. The full text below is the record.
Committees: Environment and Transportation (House of Delegates)
Updated Mar 17, 2026
Timeline
First Reading Environment and Transportation
Feb 2, 2026 · House of Delegates
Hearing 2/24 at 1:00 p.m.
Feb 5, 2026 · House of Delegates
Hearing canceled
Feb 23, 2026 · House of Delegates
Hearing 3/03 at 1:00 p.m.
Feb 23, 2026 · House of Delegates
Sponsored by Lily Qi, Regina Boyce, Linda Foley, David Fraser-Hidalgo, Michele Guyton, Robbyn Lewis, Lesley Lopez, Gabriel Moreno, Ryan Spiegel, Jen Terrasa, Courtney Watson, Greg Wims, Teresa Woorman
No recorded floor votes yet.
Official records. Maryland legislators, bills and roll-call votes from the Maryland General Assembly, imported through Open States on Oct 27, 2026 (partial import — not yet the full session). Accuracy review against the official site is still under way. Campaign-finance records for Maryland are not imported yet.