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PSC accepts BGE tariff revisions reflecting $636,000 reduction to 2026 revenue requirement
Summary
Staff told the Public Service Commission that an order reduced Baltimore Gas & Electric Co.’s 2026 revenue requirement by $636,000; staff recommended accepting revised tariff pages, and commissioners approved the filing to become effective Aug. 1, 2025.
The Public Service Commission approved revised tariff pages from Baltimore Gas & Electric Co. (BGE) after staff said an earlier commission order reduced the company’s 2026 revenue requirement by $636,000.
Staff presentation: Evan Thomas, representing commission staff, told commissioners that an order on a request for rehearing and clarification in the company’s multi-year rate plan reduced the 2026 revenue requirement by $636,000 and made smaller adjustments to prior years: a $3,000 decrease for 2024 and a $4,000 increase for 2025. Thomas said BGE’s filing updates rate‑year 3 rates to reflect the reduction and that the revised rates would become effective Jan. 1, 2026 for rate-year accounting purposes. Staff recommended the commission accept the tariff pages for filing with an effective date of Aug. 1, 2025.
Reconciliation and potential customer credit: Thomas also said the order revised reconciliation balances for 2021 and 2022 downward by $99,000; those balances were previously recovered through BGE’s NYP adjustment rider, which is no longer active. BGE proposed to incorporate the $99,000 reduction in its 2023 final reconciliation compliance filing once the commission issues an order on that matter. Staff presented an estimate of what a one‑time refund of $99,000 would look like by customer class and said the residential credit would be about $0.08 per account if issued as a one‑time refund.
Office of People’s Counsel: Michael Sammartino said the Office of People’s Counsel did not object to staff’s analysis and offered no additional substantive comment.
BGE: Beverly Secora of BGE spoke in agreement with staff’s presentation.
Commission action: Commissioners voted to accept the tariff provisions for filing with an effective date of Aug. 1, 2025; the vote was recorded as aye by Commissioners McLean, Linton, Sussman and Barbet.
Ending: Staff said it is available for questions; the commission approved the filing to update rates consistent with the amended revenue requirement and reconciliation adjustments.
