Maryland has joined the growing list of states with strengthened renewable generation standards for the next
decade after Governor Hogan allowed SB 516 to pass without his signature in May 2019. The bill requires the
state to procure 50% of its energy from renewable resources, including a 14.5% solar carve-out requirement, and
mandate 1,200 MW of new offshore wind, all by 2030. The renewable portfolio standard (RPS) would double
from the 25% in 2020 directive passed back in 2016 after the Governor’s veto then was overturned.

Under the passed legislation RPS costs on electric supply bills will increase by more than $0.002 in 2019 and 2020
to $0.0047/kWh and $0.0055/kWh respectively, and eventually reach an estimated $0.007/kWh by 2022, more
than double the costs under the existing law.

The new RPS standards will become effective October 1, 2019.