I never thought the day would come that we would praise BGE for lowering their rates, but it is about to happen.
BGE explained that as a result of President Donald Trump’s new tax plan (that lowers the corporate tax rate from 35 percent to 21 percent) they have the ability to lower rates up to five percent for customers.
Much like a rate hike, BGE still has to meet with the Maryland Public Service Commission before rates can be lowered. Although I don’t think anyone is going to oppose this request.
We always fairly criticize BGE for increases but we should give them kudos if our BGE bill does decrease.
This also shows that maybe corporations are not so evil and they can actually give back to their employees/the public if their taxes are reduced.