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BGE reaches settlement to reduce rate hike request
BGE reaches settlement to reduce rate hike request

The average monthly bill for Baltimore Gas and Electric Co. customers receiving both electric and gas services would jump by about $4 under a settlement the utility reached this month with state regulatory staff and other stakeholders. The settlement would increase BGE distribution rates by less than a third of what the utility sought in July. If approved by the Public Service Commission, the new rates would take effect in mid-December. BGE has sought to increase distribution rates each year for the last four years, adding $6.80 more in distribution charges on the average electric bill and $4.28 more on the average gas bill. The utility provider said it has invested $3 billion in...