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May 15, 2008 7:12 am US/Eastern

PSC Hears Pros & Cons Of Regulating Electricity

BALTIMORE (AP) ―

The Maryland Public Service Commission has heard from both sides in the debate over whether to re-regulate the state's electric power market.

Consumer advocates argued at a hearing Wednesday that electric deregulation has failed, while the Baltimore Gas and Electric and parent Constellation Energy Group insisted deregulation isn't to blame for rising electricity rates.

Both sides said each other's proposals would cause electric rates to go higher.

A preliminary report from the PSC in December indicated the commission is poised to impose some type of re-regulation.

The state People's Counsel favors a system giving partial control back to the state. But BGE and Constellation argued that soaring fuel costs are to blame for higher electricity rates.

(© 2008 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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