2020 
                                                                                                                                                                                         MARYLAND 
STATE OF MARYLAND                                                                                                      PUBLIC SERVICE COMPANY FRANCHISE TAX RETURN                       FORM 
DEPARTMENT                                                                                OF ASSESSMENTS & TAXATION    ELECTRIC AND GAS COMPANIES                                        No.11
FRANCHISE                                      TAX UNIT                                                                Report for the Calendar Year 2020                                 Date Received 
301 West Preston Street                                                                                                                                                                  by Department  
Baltimore,                                                 Maryland 21201-2395                                         (File this report on or before April 15, 2021) 
                                                                                                                             This date may not be extended  
__________________________________________________________________________________________________________ 

1. Name of Taxpayer ________________________________________________________________________________________________
2. Mailing Address ____________________________________________________________________Zip Code ______________________
3. State & Year of Incorporation (if Incorporated) _________________________________________________________________________
4. Department I.D. # __ __ __ __ __ __ __ __ __                                                                                                Federal I.D. # __ __ __ __ __ __ __ __ __ 
                                                                   (Required) 
5.Franchise Tax Computation: As part of this return, attach financial statements and a copy of the entity’s annual report as submitted to the
regulatory authorities.  FAILURE TO FILE THE REQUIRED SUPPORTING DOCUMENTS WILL CAUSE THE RETURN TO BE INCOMPLETE.

PUBLIC SERVICE COMPANY - ELECTRIC
A-I.  Gross Receipts:
1. Total Electric Operating Revenues ……………………………………………………………………………… _____________________ 
2. Less: Gross charges from the sale of electricity ………………………………………. __________________ 
3. Less: Other Exclusion (Attach detailed schedule) ……………………...…………...... __________________ 
4. Total Operating Revenues excluded from gross receipts (Add lines 2 & 3) ..………………………………….. _____________________ 
5. Total Electric Operating Revenues subject to Franchise Tax (Subtract line 4 from line 1) ……………………. _____________________ 
6.  Franchise Tax Rate ……………………………………………………………………………………………..     x                                                                                                                            2% 

7.  Franchise Tax based on Gross Receipts (Multiply line 5 by line 6) ………………………………………… _____________________ 

A-II.  Delivery:
8. Number of kilowatt hours of electricity delivered for final consumption in Maryland ………………………... _____________________ 
9. Franchise Tax Rate for each kWh ……………………………………………………………………………...       x                                                                                                              .00062 
10. Franchise Tax Due based on Delivery (Multiply line 8 by line 9) …………………………………………….. _____________________ 
      Credit for electricity delivered for final consumption to a single industrial 
      customer for use in a production activity at the same location in the State 
 11a. .00002 per kWh in excess of 500 million up to 1,500 million kWh ………………. __________________ 
b. .000455 per kWh in excess of 1,500 million kWh ………………………………... __________________ 
c. Total credit (Add lines 11a and 11b) ………………………………………………………………………… ______________________ 

12. Franchise Tax Due after Credit based on Delivery (Subtract line 11c from line 10) ……………………… ______________________ 

A-III.  Total Franchise Tax Due:
13. Franchise Tax Due based on Gross Receipts (Enter line 7) ………………………………………………….. ______________________ 
14. Franchise Tax Due based on Delivery (Enter line 12) ……………………………………………………….. ______________________ 
15. Total Franchise Tax Due-Electric (Add lines 13 & 14) ……………………………………....... ______________________ 

PUBLIC SERVICE COMPANY - NATURAL GAS 
B-I.  Gross Receipts:
1. Total Natural Gas Operating Revenues ………………………………………………………………………. ______________________ 
2. Less: Gross charges from sale of natural gas ……………………………………… ___________________ 
3. Less: Other Exclusion (Attach detailed schedule) ………………………………… ___________________ 
4. Total Operating Revenues excluded from gross receipts (Add lines 2 & 3) …………………………………. ______________________ 
5. Total Natural Gas Operating Revenues subject to Franchise Tax (Subtract line 4 from line 1) ……………... ______________________ 
6.  Franchise Tax Rate …………………………………………………………………………………………...      x                                                                                                                          2% 
7.  Franchise Tax based on Gross Receipts (Multiply line 5 by line 6) ……………………………………… ______________________ 

SDAT_TPS_FT-Form 11                                                                                                                      Page 1 of 2   http://dat.maryland.gov

B-II.  Delivery:
  8. Number of therms of natural gas delivered for final consumption in Maryland …………………………… ______________________ 
  9. Franchise Tax Rate for each therm ………………………………………………………………………….      x                                         .00402 
 10. Franchise Tax Due based on Delivery (Multiply line 8 by line 9) …………………………………………. ______________________ 
 11. Credit for natural gas delivered for final consumption to an industrial
       customer for use in a production activity in the State (Multiply number of therms by .00402) ……….. _______________________ 

12. Franchise Tax Due after Credit based on Delivery (Subtract line 11 from line 10) ……………………. _______________________ 

B-III.  Total Franchise Tax Due:
 13. Franchise Tax Due based on Gross Receipts (Enter line 7) ………………………………………………. _______________________ 
 14. Franchise Tax Due based on Delivery (Enter line 12) ……………………………………………………. _______________________ 
15. Total Franchise Tax Due-Natural Gas (Add lines 13 & 14)...……………………………….. _______________________ 

C.FRANCHISE TAX COMPUTATION SUMMARY
  1. Total Franchise Tax Due - Electric (Enter line 15 of A-III) ……………………………………………… _______________________ 
  2. Total Franchise Tax Due - Natural Gas (Enter line 15 of B-III) ………………………………………….. _______________________ 
  3. Total Franchise Due - Electric & Natural Gas (Add lines 1 & 2) ……………………………………... _______________________ 
   PAYMENTS AND CREDITS: 
  4a. 2020 Estimated Franchise Tax Payments ……………………………………… __________________ 
  b. Maryland-Mined Coal Credit (Attach required certification from SDAT……..)   __________________ 
  c. Business Tax Credits as Computed on Form AT3-74, Part E, line 11 …………... __________________ 
  d. Total Payments and Credits (Add lines 4a through 4c) ……………………………………………….. _______________________ 
  5. Balance of Franchise Tax Due (If line 3 exceeds line 4d, enter the difference) ……………………….... _______________________ 
  6. Overpayment (If line 4d exceeds Line 3, enter the difference) Indicate if overpayment
     should be applied to estimated tax for 2021   or  be refunded                                _______________________ 
 ______________________________________________________________________________________________________________________ 
            I declare under the penalties of perjury that this return, including any accompanying schedules and statements, has been 
examined by me and to the best of my knowledge and belief is a true, correct, and complete return. 

Officer’s (print name)                                                               Preparer’s Signature      Date 

Officer’s Signature               Date 

Title

                                                                                     Firm’s Name, address, e-mail address and phone number 
                                  Make Checks Payable to Department of Assessments and Taxation 
                          Tax Payments of $10,000 or more must be remitted by Electronic Funds Transfer 
                                        If payment is made through EFT, check this box    
                    Please use the bank account number as indicated in the ACH credit tax payment instructions 
                                                    Mail this form with payment to: 
                                                   Department of Assessments and Taxation 
                                                             Franchise Tax Unit 
                                                             301 West Preston Street 
                                                   Baltimore, Maryland 21201-2395 
                                                  FOR ASSISTANCE ,CALL  : (410)767-1940 
                                                      FOR DEPARTMENT USE ONLY 

  REPORT  RECEIVED              POSTED                       AUDITED                 TAXDEFICIENCY             INTEREST/PENALTY 

            SDAT_TPS_FT-Form 11                                                           Page 2 of 2   http://dat.maryland.gov