Group decries utility regulatorsÂ’ cap on rates
So says a group of commercial and industrial electric customers that challenged state utility regulators, who approved a cap on rates for 17,000 Maryland businesses May 29.
The Maryland Public Service Commission is requiring many of the state's small commercial customers to transition to a new utility rate by June. That transition, combined with rising energy costs, could levy a 40 percent increase in electric rates on businesses in service areas for Baltimore Gas & Electric, Delmarva Power & Light Co., and Allegheny Power.
The PSC is capping the increase at 15 percent for the companies from June to August. To help fund the rate cap, the PSC will require all commercial and industrial electric customers to pay an increase in distribution rates, a roughly 1 percent to 3 percent increase in their overall electric bills, during that time.
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SAINT JOHN - When Mike Holland talks about small modular nuclear reactors, he sees dollar signs.
When the Green Party hears about them, they see danger signs.
The loquacious Progressive Conservative minister of energy development recently quoted NB Power's eye-popping estimates of the potential economic impact of the reactors: thousands of jobs and a $1 billion boost to the provincial economy.
"New Brunswick is positioned to not only participate in this opportunity, but to be a world leader in the SMR field," Holland said in the legislature last month.
'Huge risk' nuclear deal could let Ontario push N.B. aside, says consultant
'Many issues' with…
