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May 31, 2007

Compound rates & BGE II

The commenters are correct. This year's 50 percent increase comes on top of last year's 15 percent increase, which gives you a total, two-year increase of more than 70 percent. See an expanded version of the Q&A below in Friday's Sun.

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter