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January 30, 2008

PSC: Tell us what's wrong with our report, BGE

To hear the Public Service Commission tell it, Baltimore Gas & Electric and parent Constellation Energy have complained to everybody about the PSC's stranded-cost report except the PSC. Now the agency has called a hearing for next week for BGE to have its say.

Constellation Energy Group has made public statements indicating the reports contain inaccuracies. According to statements of the company’s CEO information has been distributed to Wall Street analysts, Maryland Legislators, and the Governor that allegedly rebuts the Commission’s reports. This information has not been provided to the PSC. In accordance with the provisions of Senate Bill 400, the PSC is initiating this proceeding to investigate further the issues identified in its report, and is holding this hearing at the outset to allow BGE to identify and explain the errors it claims the Commission has made.

The hearing is a week from today -- Feb. 6. Here is my column on the report.

Posted by Jay Hancock at 3:20 PM | | Comments (0)
Categories: BGE/electricity
        

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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 Wednesdays and Fridays.
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