Compound rates & BGE
Thanks to many alert readers (see comments) who noted that a 50 percent increase on top of a 15 percent increase does NOT equal 65 percent. There is such a thing as compounding, which most of us (me too, I swear!) learned about in sixth grade. My assumption was that the 50 percent was not compounded on top of the 15 percent, that both were calculated from the BGE base price of pre-July 2006. I still think that's correct, but I will go check and report back in the next day or so. Now I gotta go write a Sunday column.
