Maryland’s Public Service Commission will hold a hearing Tuesday, to review lessons learned from Baltimore Gas and Electric’s (BGE) 2021-2023 multi-year rate plan. The hearing is part of the commission’s evaluation process, where feedback will be gathered to assess how well the plan met the goals set by the PSC.
In a multi-year plan (MYP), a utility asks regulators for approval to raise rates gradually over several years, instead of implementing a large, one-time increase. BGE filed its first multi-year rate plan under a pilot program in 2020. The plan launched in 2021, after receiving approval from the PSC in December 2020. The utility claims that gradual rate increases provide financial stability, enabling it to invest in critical infrastructure.
Read more (and listen) at WYPR.
