Yesterday the Maryland General Assembly began a special session aimed at curbing a 72 percent rate hike set to take place July 1 for many Baltimore Gas and Electric Co. customers.
We wish the lawmakers well, but it would have been nice if those who favored power deregulation in 1999 had opened the session by owning up to their bad call.
As a penance for that, it would also be good if lawmakers saw fit to allow local governments to negotiate better rates for their citizens. The power companies hate this idea and are pushing to keep the practice illegal.
As proposed, the latest electricity regulation bill would allow BGE to raise rates by only 15 percent for the next 11 months.