Monday, May 01, 2006

BGE Decision

The Maryland Public Service Commission has handed down its Order (#80764) regarding the BGE deregulation rate hike and phase in. (The full text is linked as the 83rd item on this page.)

After listening to the news reports and scanning the order, I think the most significant part - and the major change from previous versions - is there will be no interest charge for deferred payment. In effect, it's an interest-free loan. It's hard to pass up an offer like that, so I'll probably opt-in.

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