Baltimore Gas and Electric Company (BGE) announced its Customer Relief and Energy Infrastructure Plan on May 15. The plan, designed to aid the region in recovery from the COVID-19 pandemic and to make improvements in service, is a multi-year plan, spanning from 2021-2023. BGE will invest $5 billion in the electric grid and natural gas system, under direction of the plan.
Steps in the Customer Relief and Energy Infrastructure Plan include:
- Customer rates frozen at current levels through end of 2022 with deferral of any rate increase to 2023.
- Customer total bills decreasing in June 2020 due to dropping electricity supply costs.
- More than 300 energy infrastructure projects and BGE operations in central Maryland support $15 billion in local economic impact and 26,000 jobs over the next three years.
- $1.5 million contribution to Fuel Fund in 2020 to assist limited income customers with energy bills.
- $1 million contribution in 2020 to business relief funds administered by counties in central Maryland and establishment of small business assistance grants in 2021.
- Extending suspension of service disconnections and late fees to July 1, 2020.
BGE’s energy infrastructure investment plan includes more than 300 projects and maintenance programs for the period 2021-2023. Examples include:
- Enhancing energy infrastructure
- Installing smart automation equipment
- Replacing outmoded technologies
- Preparing the grid for extreme weather
- Replacing outmoded natural gas pipeline segments
For more information on the plan, visit BGE’s website.