Hey, General Assembly of MD: ”Reverse Deregulation!” (tags)
Most Marylanders can expect their electric bills to go up by $743 a year-a 74 % increase! In 1999, the legislature deregulated the industry. In a sweetheart deal, BGE was absorbed by Constellation Energy and required to begin buying its electricity on the open market. Meanwhile, BGE’s electric-generating assets, originally paid for by the people, were turned over to Constellation in “a cash-free shuffle.” The ratepayers are now being asked to pay again!