<?xml version='1.0' encoding='utf-8'?>
<section article="gpu" article_name="Public Utilities" number="7-549" title_number="7" title_name="Gas, Electric, and Water Companies" subtitle_number="5" subtitle_name="Electric Industry Restructuring">
  <level label="a">
    <text>In this section, “actual cost” means the costs and expenses deferred as regulatory assets multiplied by:</text>
    <level label="1">
      <text>the electric company’s cost of debt; or</text>
    </level>
    <level label="2">
      <text>if the electric company secures the debt under Part III of this subtitle, the cost of the secured debt.</text>
    </level>
  </level>
  <level label="b">
    <text>An electric company shall recover, as an additional rate stabilization cost, the actual cost to the electric company of carrying the costs and expenses deferred as regulatory assets under the rate stabilization plan.</text>
  </level>
</section>
