Fiscal and Policy Note- Maryland Offshore Wind Energy Act of 2012 (Senate Bill 237)

This Fiscal and Policy Note analyzes the state fiscal effect and policy framework of the proposed Maryland Offshore Wind Energy Act of 2012. Over a five-year period, the Public Service Commission's (PSC) anticipated administrative expenditures would amount to $3.4 million, which would be covered by a special assessment fee between fiscal years 2013-2016. State expenditures on electricity would increase to $3.57 million in fiscal year 2017.