Advocates are pushing the Public Service Commission to deny Baltimore Gas and Electric’s (BGE) $152 million reconciliation request, which would come in the form of rate increases.
The energy company is claiming financial losses from their last approved multi-year rate agreement.
When this happens, like in 2023, the energy provider can ask the State’s Public Service Commission to offset the losses by reconciling the last agreement.
In turn, those costs get passed onto the customer.
BGE says their plan would lift the financial burden off customers, because their proposed rate increase would occur over a longer period of time instead of having to be paid in one lump sum.
Advocates oppose this, demanding the commission to reject BGE’s $152 million request.
“Utility regulation may seem complicated but it’s pretty simple,” said Emily Scarr with Maryland PIRG. “The more utility companies spend on their infrastructure the more they profit. This creates a powerful incentive for wasteful spending and we rely on our utility regulators to keep a careful watch.”