BGE filed a multi-year customer relief and energy infrastructure investment plan with the Maryland Public Service Commission (PSC) designed to aid in the region’s recovery from the pandemic and to continue improvements to the electric and natural gas systems serving 1.3 million electric customers and more than 680,000 natural gas customers in central Maryland.
Covering the years 2021 through 2023, the plan details how BGE will invest $5 billion in the electric grid and natural gas system.
The Economic Alliance of Greater Baltimore calculates that these investments will have an economic impact of $15 billion, supporting more than 26,000 jobs. The multi-year customer relief and energy infrastructure investment plan includes:
- Customer rates frozen at current levels through end of 2022 with deferral of any rate increase to 2023.
- Customer total bills decreasing in June 2020 due to dropping electricity supply costs.
- More than 300 energy infrastructure projects and BGE operations in central Maryland support $15 billion in local economic impact and 26,000 jobs over the next three years.
- $1.5 million contribution to Fuel Fund in 2020 to assist limited income customers with energy bills
- Maryland and establishment of small business assistance grants in 2021.
- Extending suspension of service disconnections and late fees to July 1, 2020.