I don't know much about the Public Service Commission, and how electric companies were capped. But recently the rate caps expired and according to an announcement put out by the Public Service Commission, BGE customers in Maryland can expect a 72% annual increase on their electric bill. Alleghany customers, who I have, can expect a 39% increase. (If you can help me make better sense...please tell me)
Alleghany sent out a bill stating that we no longer have to choose them as our electric supplier but that they would only be increasing their rates half of what BGE is... I thought, gee thank you. It's like they know people need electric, they have to pay for it no matter what...so let's increase it. Same with gas prices, same with health care. I wonder how many people are getting annual raises to cover the cost of living going up. Me, I haven't had one in 3 years.
Thank you O'Malley for keeping your promise to prevent the rate caps from increasing. Typical Democrat promise. Typical...hurting the people you promise to help. But I guess it doesn't put a ding in your wallet, does it?