The Maryland Public Service Commission (PSC) on Monday denied nearly $75.1 million of Baltimore Gas and Electric’s (BGE) $152.3 million request to support the final year of its rate increase plan.
The commission granted the company a total of $77.2 million, saying, “…granting a reconciliation of the magnitude BGE requested would risk increased utility unaffordability by many customers.”
According to PSC officials, BGE requested the funds to recover spending that it under-collected on 2023 utility rates…