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<section article="gpu" article_name="Public Utilities" number="7-508" title_number="7" title_name="Gas, Electric, and Water Companies" subtitle_number="5" subtitle_name="Electric Industry Restructuring">
  <level label="a">
    <text>An electric company may transfer any of its generation facilities or generation assets to an affiliate.</text>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
  <level label="c">
    <level label="1">
      <text>This subsection is in effect until the later of the date when:</text>
      <level label="i">
        <text>all customers of the electric company are eligible for customer choice under § 7-510 of this subtitle; and</text>
      </level>
      <level label="ii">
        <text>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.</text>
      </level>
    </level>
    <level label="2">
      <text>The Commission may review and approve the transfer for the sole purpose of determining:</text>
      <level label="i">
        <text>that the appropriate accounting has been followed;</text>
      </level>
      <level label="ii">
        <text>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</text>
      </level>
      <level label="iii">
        <text>the appropriate transfer price and rate making treatment.</text>
      </level>
    </level>
    <level label="3">
      <text>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.</text>
    </level>
  </level>
</section>
