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Multi-Year Infrastructure Investment Plan (2024-2026)

BGE's multi-year energy infrastructure investment plan is designed to continue improvements that will enhance reliability, safety, and resiliency of the electric and natural gas systems serving 1.3 million electric customers and 700,000 natural gas customers in central Maryland. This plan includes major investments that will also begin to lay the foundation for the infrastructure work necessary for the State of Maryland to be able to meet its net-zero emissions by 2045 goal.

The plan details how BGE will make significant investments in the electric grid and natural gas system over the next several years. BGE filed the plan for review with the Maryland Public Service Commission in February 2023 and the Commission is expected to make a decision on the filing in December 2023.

Investing in better service for customers

Our energy infrastructure investment plan includes hundreds of projects and maintenance programs to improve the reliability and safety of the energy delivery service we provide customers—powering a smarter, stronger, cleaner energy future. That means:

  • Enhancing energy infrastructure supporting the growth of important economic development sites, and the reliability needs of customers throughout central Maryland.
  • Installing smart automation equipment to identify and circumvent damage to the electric grid and reduce the frequency and duration of power outages faster.
  • Replacing outmoded technologies, such as limited capacity 4kV electric systems to improve reliability, enable greater adoption of solar energy and electric vehicle charging and increased capacity in areas where redevelopment adds additional customer demand.
  • Preparing the grid for extreme weather and threat-actor actions with continued tree trimming and vegetation management to ensure power line clearance and cyber security enhancements to improve resiliency against manmade and natural threats.
  • Replacing more natural gas pipeline segments and installing over-pressurization protection equipment to improve safety and reliability for our customers while reducing greenhouse gas emissions by more than 210,000 metric tons annually.

Powering the local economy

Our three-year plan contributes to our region’s economic strength. Here's how:

  • 72,000 jobs supported
  • Nearly $36 billion in economic impact
  • $8 billion in labor income
  • Steady employment and financial assurance for our 900+ suppliers

Potential impact on your bill

BGE has proposed a $243.1 million rate increase in 2024, a $180.3 million increase in 2025, and a $179 million increase in 2026. By the end of 2026, the average BGE residential gas and electric customer’s monthly bill will have increased by 5% annually (i.e., monthly bills will increase by an average of $10.36 in each of the three plan years).

Plan resources

Regulatory materials and related external documents

Multi-year plans give regulators the opportunity to review and approve planned utility investments and corresponding requests for rate changes in advance—a forward-looking approach to authorizing new rates, giving customers more certainty about future changes in their gas and electric bill.

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