Statement by Governor Martin O'Malley on Complaint Filed Today Seeking Relief for Maryland Ratepayers
ANNAPOLIS, MD (June 2, 2008) – Governor Martin O’Malley today issued the following statement regarding the complaint filed by Maryland’s Public Service Commission and regulators from several states charging that utility rates set for the next three years are unreasonably inflated. If successful, ratepayers in Maryland would save approximately $2 billion.
“I want to commend the Public Service Commission for its ongoing efforts to secure rate relief for the working families of Maryland.
“The complaint filed today with FERC estimates that electricity users in our region will pay about $12 billion in unjust and inflated charges over the next three years - $2 billion of which will come from the pockets of Maryland families. This is simply unacceptable, and Maryland’s PSC will continue to act aggressively to protect Maryland families from such practices.”
“In addition to the complaint filed today, Maryland’s PSC has already secured well-over $2 billion for Maryland families, setting a clear example that a PSC on the side of ratepayers has returned to Maryland”
