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BGE Rate Hike Under Scrutiny | Annapolis News
BGE is seeking a rate hike and a higher shareholder return—claiming it’s essential to keep lights on and systems running, even as customers struggle with soaring bills. Critics argue the utility’s profit margin is already too high, especially with little competition, and warn regulators must scrutinize spending to prevent overcharging. The Public Service Commission has postponed its decision until next year, promising public hearings and a thorough review. BGE insists most of its profits fund infrastructure, and that power supply costs—where other companies are raking in huge profits—make up…
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