Shattuck at the State House
For the first time since ratepayers learned that their energy bills could jump as much as 72 percent this summer, Republican Gov. Robert L. Ehrlich Jr. (R) and the top Democrats in the General Assembly met together with Constellation Energy officials to hear the company's latest proposal to soften pending electricity rate hikes.
Constellation's Chairman Mayo A. Shattuck III made his first appearance at the State House since word of the rising rates broke. Shattuck has become the target of criticism, particularly from Democratic legislators, who believe the company's planned merger with a Florida power company will do nothing to help Maryland customers, while enriching executives.
Shattuck and other company representatives slipped out a back hallway from the governor's office, leaving a spokesman to answer questions from waiting reporters. But the company later issued a statement, calling its latest proposal "aggressive."
The pending merger, according to the company, gives Constellation more resources to help reduce rate increases for its Baltimore Gas and Electric Co. customers.
"We're drawing upon all resources company-wide to support a far-reaching plan that is in line with electric rate increases seen in Maryland during the past two years," Shattuck said in the press release.
In other words, BGE customers would see no more increase than Pepco's customers in Montgomery and Prince George's have already experienced. Still no word on rate relief for Pepco ratepayers, who will see a 38.5 percent increase this summer.
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