Rob Gould
Rob Gould
below choice customers deferred dollar electric fact industry invested law lower market maryland might paid parts passage power prevailing rate rates since structure
The fact is that since the passage of the Maryland electric industry restructuring law in 1999, BGE residential customers have benefited from a substantially lower rate structure ... well below the market rates paid in other parts of the country. BGE has no choice but to procure power at prevailing market rates. Every dollar deferred is a dollar that might not be invested in infrastructure for the utility.
attempting extremely hold including legal merger proposed prospect troubled
We're extremely troubled by the prospect that the legislature is attempting to hold our proposed merger hostage, and to that end we will be considering all options, including the legal route.
attack continue
We're just going to have to continue to attack it.
broader customers driving maryland understand
What we want our customers to understand is that there is something broader than just Baltimore, Maryland that's driving all these costs.