Monday, October 02, 2006

Constellation Rate Cut

The Baltimore Sun:
Legislation aimed at lowering electric rates for 1.1 million Maryland consumers starting next year may face a court challenge if the proposed merger by Constellation Energy Group and a Florida utility owner falls apart amid regulatory delays, legal experts say.

Constellation, the corporate parent of Baltimore Gas and Electric Co., in a recent regulatory filing questioned the legality of a state law forcing the utility to forgo $386 million in fees it previously was allowed to collect from customers. The legislation passed in June ordered BGE to stop collecting certain fees for 10 years in order to reduce a 72 percent electric rate increase.