Md. Gov. O’Malley Names Tyler as Insurance Commissioner

September 6, 2007

  • September 6, 2007 at 1:20 am
    Scott says:
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    The lawsuit against the MD PSC only enabled the MD General Assembly to defer the implementation of the rate increase. BGE customers were given no choice and were forced to accept the deferral. BGE customers must now repay BGE and in addition to the deferred amount they must also repay interest and fees over a ten-year period. Nice work Tyler, want to take credit for that?

    Moreover, the PSC was charged with determining whether $528 million in stranded costs, paid to Constellation for the expected but never realized decline in the value of its power plant assets, should be returned to BGE residential consumers. The PSC has yet to make a determination. Where’s our money Mr. Tyler? A “Steadfast advocate for working families of our State” would not allow Constellation Energy and BGE to steal our money. BGE is a regulated utility and as such the PSC and MD General Assembly have every right to demand that they repay their customers.

    That fact that this still remains an issue today is a slap in the face to all BGE customers and a testament to the corruption of our politicians and their appointees.

    Steven Larson, Maryland’s former insurance commissioner under then Governor Paris Glendening now heads the PSC. It just so happens that utility deregulation passed under the Glendening administration.



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