Maryland’s utility regulator denied roughly half of a BGE rate increase request as part of a 2023 reconciliation process, but ratepayers can still expect to see bill increases in the new year.
BGE submitted a claim with the Maryland Public Service Commission (PSC), asking that customers help foot the bill for its proposed utility projects that came in hundreds of millions of dollars over budget.
In 2023, BGE spent $323 million on capital investments for gas and electric systems infrastructure above what the PSC had authorized, leading the utility to request $152 million more from customers to help compensate for what it under-recovered…