BGE’s multi-year customer relief and energy infrastructure investment plan is designed to aid in the region’s recovery from the COVID-19 pandemic while continuing to improve the energy delivery systems serving 1.3 million electric customers and more than 680,000 natural gas customers in central Maryland.
The proposed plan details how BGE will invest $5 billion in the electric grid and natural gas system over the three-year period from 2021 to 2023. BGE
filed the plan for review with the Maryland Public Service Commission in May 2020, and a decision from the commission is expected in December 2020.
Our proposed energy infrastructure investment plan includes more than 300 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:
During the next three years, our work will contribute to our region’s economic recovery from the COVID-19 pandemic. This includes:
In conjunction with our three-year plan, we’ll do more to ensure our communities have the resources to serve those most in need. This includes:
Our nonprofit contributions are made using shareholder dollars and are not reflected in customer bills.
If the full 2023 upward rate adjustment is approved, the bill for an average residential customer receiving both electric and gas service from BGE will still be 22 percent
lower than it was more than a decade ago.
BGE’s proposed energy infrastructure plan was filed under the
multi-year plan pilot announced by the Maryland Public Service Commission in February 2020. Prior to the pilot, utilities were allowed to seek recovery of investments only after those investments were made, and regulators authorized future rates using those historical costs. 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.