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BGE’s Rate Hike Sparks Public Outcry | Annapolis News
BGE is seeking a $156 million rate hike after six years of increases, sparking outrage as residents struggle with basic costs and call the utility a predatory monopoly. While BGE claims the funds are essential for grid reliability and safety, consumer advocates question why customers should pay more when the company reported over $1 billion in profits in just two years. BGE also wants to raise its profit margin from 9.5% to 10.4%, calling it standard practice — but critics argue the current rate is already too high. The Maryland Public Service Commission is now reviewing the request, with…
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