Letter: Wasteful BGE spending behind rate increases
Baltimore Banner, January 16, 2025
Thank you for your coverage of Baltimore Gas and Electric Company’s budget-busting rate increases (Think your BGE bill is high? Rates are rising, Jan. 5, 2025). Your reporters note that BGE has thrown up its hands, claiming two-thirds of the factors leading to the rate hikes are out of its control.
But what BGE doesn’t want its customers to know is that the major cause of rising bills is the utility’s highly profitable multibillion-dollar “operation pipeline” program and other wasteful profit-driven capital spending that is delivering big for shareholders.
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