More from the Maryland's PSC's statement this morning on electric-rate relief being sought from electricity generators.

If FERC grants the relief sought in the complaint, the PSC estimates that over the three year period in question, BGE ratepayers would save $1.068 billion, ratepayers in the PEPCO zone would save $544 million, ratepayers in the Delmarva zone would save $122 million and ratepayers in the Allegheny Power zone would save $170 million. “We could not escape or ignore the fact that the transitional auction results will, if left alone, force Maryland ratepayers to pay almost $2 billion for capacity that never materialized,” said Maryland PSC General Counsel Douglas R. M. Nazarian. “The complaint was careful not to mount a challenge RPM itself, but attacks the results of the transitional auctions, and the resulting wholesale prices. Under the circumstances, they cannot be just and reasonable.”