Feb 27, 2006
Baltimore Gas and Electric (BGE) says electric rates will shoot up between 40% and 80% in July, when the legal cap on rate increases ends.
Constellation Energy, the parent company of BGE, is a major power company. It earns good profits and the price of its stock has been going up. Constellation bosses are making plenty of money.
Why will they try to boost our rates so high? Because there is no limit to their greed . . . only some small legal limits on how much they can satisfy their greed at our expense.