BGE announces Customer Relief and Energy Infrastructure Investment Plan

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.

Source: BGE