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Md. Approves BGE Rate Increase, Surcharge

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Customers of Baltimore Gas and Electric Co. will start paying more for the delivery of electricity and natural gas after Maryland regulators approved this year's second rate increase Friday and also OK'd a monthly surcharge on electric bills over the protests of consumer advocates.

Maryland's Public Service Commission more than halved the company's request for an increase in the rates paid to maintain and improve its infrastructure. In approving the increase, the commissioners said work remains to be done in the wake of "extreme weather events" that caused widespread, lingering outages.

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Two of the five commissioners objected to the surcharge, which is the first levied on BGE customers for reliability-related work. But the other three called it necessary.

"The need for dramatic acceleration in the pace of infrastructure improvement causes us to look for new tools," they wrote.


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Source : http://www.baltimoresun.com/business/bs-bz-bge-rate-case-decision-20131213-story.html

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