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House passes HB 1 limiting utility cost recovery for some executive pay after heated debate
Summary
The Maryland House passed HB 1 on Feb. 5, 2026, 97–30, a bill that bars investor-owned utilities from passing specified executive compensation and related costs onto ratepayers. Lawmakers clashed over whether the Public Service Commission already has the authority and whether the bill will produce meaningful savings for households.
ANNAPOLIS, Md. — The Maryland House passed House Bill 1 on Feb. 5, 2026, by a 97–30 vote, clearing a bill that blocks investor-owned electric utilities from recovering some executive compensation and related costs from customers. The clerk announced the vote after an hours-long floor debate and comments from members across the state.
Supporters said HB 1 is a straightforward accountability measure that prevents utilities from shifting the cost of executive bonuses and perks onto ratepayers. The floor leader urged colleagues to back the bill as a cost-saving measure and policy signal, saying, "If you wanna reduce the cost to rate payers, you should vote for…
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