Member access

4-Traders Homepage  >  Shares  >  Nyse  >  BGE CAP T 6.2% 43    BGE.PRB   US05541Q2066

BGE CAP T 6.2% 43 (BGE.PRB)

0
SummaryQuotesChart AnalysisNews 
News SummaryMost relevantAll news 

BGE CAP T 6.2% 43 : Maryland Public Service Commission sets opt-out fees for smart meters

02/28/2014 | 11:27am US/Eastern
Recommend:
0

Baltimore Gas and Electric Co. customers will have to pay more than $130 a year if they want to opt out of plans to install smart meters at their homes, the Maryland Public Service Commission has ruled.

The regulatory panel determined that BGE, Potomac Electric Power, Delmarva Power and Light and Southern Maryland Electric Cooperative must let customers keep existing meter technology in exchange for an upfront charge, followed by monthly fees.

The fees, lower than those originally proposed by the utilities, will take effect after July 1.

BGE, which serves all of Anne Arundel County, would charge $75 up front and then $11 a month. The fees would total $207 in the first year, and then $132 in the following years.

BGE's monthly rate was the lowest of those approved by the commission.

Utilities have been rolling out smart meter technology over the last few years, saying it will save money by providing better understanding of use patterns and outages, and will cut the expenses involved in having meter readers visit properties monthly.

Opponents of the technology have said the meters infringe on privacy because they transmit information about power use, and that there may be health risks associated with the transmissions.

(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

Recommend :
0
React to this article
Latest news on BGE CAP T 6.2% 43
1d ago BGE CAP T 6 2% 43 : FERC Issues Notice Rescheduling Settlement Conference for 10..
09/24 BGE CAP T 6 2% 43 : Launches 2014 Emergency Response and Safety Grant Program an..
09/18 BGE CAP T 6 2% 43 : to Conduct a PeakRewardsSM Cycling Event to Test the Perform..
09/17 BGE, CareFirst, Constellation, Legg Mason, T. Rowe Price, Transamerica and Un..
09/13 BGE CAP T 6 2% 43 : Shows its Baltimore Pride and Supports the 200th Anniversary..
09/12 BGE CAP T 6 2% 43 : Correlli Appoints Ramsundar as Sales Manager
09/09 BGE CAP T 6 2% 43 : Delmarva Power - MD Utilities Issue RFP for Wholesale Electr..
09/06 BGE CAP T 6 2% 43 : Maryland Utilities Issue Request for Proposals for the Suppl..
09/05 BGE CAP T 6 2% 43 : Announces a Voluntary Energy Savings Day for Friday for Cust..
08/29 BGE CAP T 6 2% 43 : Reminds Customers Shopping Labor Day Weekend Sales to Double..
Advertisement
Chart
Duration : Period :
BGE CAP T 6.2% 43 Technical Analysis Chart | BGE.PRB | US05541Q2066 | 4-Traders
Dynamic quotes  
ON
| OFF