Gov. Martin O'Malley said that BGE customers would benefit more from the creation of new power in Maryland than the immediate $100 rate credit if the proposed merger between Constellation and Exelon approved.
In a settlement with Gov. Martin O'Malley, Exelon Corp. promised to develop significantly more natural gas, wind and solar power in Maryland, contribute more money to help low-income electricity customers and provide more protection for Baltimore Gas and Electric.
Jay Hancock: Maryland has been waiting for energy companies to build new generation capacity without getting ratepayers to foot the bill. Only when a $7.9 billion merger and a retiring executive's legacy were at stake did the commitments finally get made.