Maryland Public Service Commission authorizes BGE rate increases WBAL TV Baltimore | Makemetechie.com Summary

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  • It will go down to 34 cents per month for electric and $2.80 a month for gas in year three.The PSC authorized the use of federal tax credits to partially offset the rate increases to customers in year one.BGE released a statement Thursday after the decision..
  • As we assess this order, we will continue to engage with the commission and all of our stakeholders, including our customers, to ensure transparency and clarity in implementing BGE's second multi-year plan," the statement said..
  • Importantly, the order ensures that BGE can continue to provide safe, reliable, and affordable services to our customers, while laying the foundation for the grid of the future..
  • We are reviewing the details of the order, which appears to represent a balanced and reasonable outcome that will provide many benefits to our customers and the state..
  • We understand the importance of balancing the needs of energy affordability with the advancement of our grid infrastructure transformation..
BALTIMORE The Maryland Public Service Commission unanimously authorized Baltimore Gas and Electrics multiyear rate plan Thursday.The plan features a rate increase over three years worth just und [+1361 chars]

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