(a) (1) The Office shall: (i) develop and maintain the tools and resources necessary to complete the analyses required under this subtitle; (ii) coordinate with PJM Interconnection, LLC to develop and maintain the tools necessary to complete the analyses required under this subtitle; (iii) have the ability to conduct cost-benefit analyses of energy generation resources in wholesale energy markets; and (iv) provide an opportunity for stakeholder feedback on any reports developed by the Office. (2) (i) For the Risk Report required under § 7-1303 of this subtitle, the Office shall conduct a stakeholder process to solicit feedback regarding the development of data inputs that will inform the forecasts and scenarios for developing the Risk Report. (ii) The Office is not required to utilize the feedback received from the stakeholder process conducted under paragraph (1)(ii) of this subsection, but shall provide documentation of the stakeholder process in the Risk Report. (3) (i) In addition to the public hearing required in § 7-1306 of this subtitle, after the publication of the Risk Report or any update to the report, the Office shall conduct a stakeholder process to develop a report that assesses strategies to address the identified risks and recommendations in the Risk Report. (ii) When assessing strategies under subparagraph (i) of this paragraph, there shall be consideration of: 1. new or existing programs; 2. leveraging technology enhancements; 3. revised regulatory structures; 4. State coordination of federal solutions; 5. utilizing market mechanisms; and 6. any other factors considered appropriate. (b) The Office, in consultation with the Commission and the Maryland Energy Administration, shall complete energy modeling for the Risk Report. (c) (1) On or before November 1 each year, the Senate Committee on Education, Energy, and the Environment and the House Economic Matters Committee may jointly request the Office to assess up to five policy scenarios. (2) Not later than 1 year after the date the Office receives a request under paragraph (1) of this subsection, the Office shall submit a report of the results of the requested policy scenarios to the Senate Committee on Education, Energy, and the Environment and the House Economic Matters Committee in accordance with § 2-1257 of the State Government Article.
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