Synopsis
This amendment to HB 470 does the following: (1) Clarifies the definition of a utility battery energy storage system. (2) Requires any approval to include consideration of cost-effectiveness. (3) Removes cost recovery language more favorable to Exelon shareholders than Delmarva Power customers. (4) Adds language providing that PSC-approved cost recovery be recovered through a non-bypassable surcharge applicable to all Delmarva customers, including customers served by third-party suppliers. (5) Requires Delmarva Power to submit reports detailing cost effectiveness.