Energy Rate Hikes May Spell the End of Deregulation in Maryland
In 1999, at the height of the privatization/deregulation frenzy, Maryland put into effect an energy deregulation bill that capped energy costs for six years in exchange for exposure to the vagaries of the wholesale market thereafter. But when the caps expired last year, Baltimore Gas & Electric proposed a 72% rate hike. Maryland's Public Service Commission gave its approval to the move, which incensed citizens and led to legislative action to stave off the increase. But the legislative action was only a temporary measure.
Now BG&E is suggesting a 47% increase instead.
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