"Today is a bad day for consumers, and a great day for monopolies. This merger -- which the PSC approved by the slimmest of margins -- would create a company controlling service to 80 percent of Maryland’s electric consumers, with the incentive and ability to stifle competition and suppress innovation. Ratepayers will be paying the nearly $1 billion price-tag for improving electric system reliability for decades to come. While a narrow majority of the commission ignored these concerns, the risks and dangers were well-recognized by the two commissioners who wrote a detailed 52-page dissent. The Office of the Attorney General, which offered substantial evidence on the nature and scope of these harms, is deeply troubled by this decision and is exploring all options to protect the interests of Maryland consumers."
5 comments:
its politics those on the comission don't represent the consumer. just their friends in annapolis!
customers dont have a choice anyway - that is why there is the Public Service commission to control the rates. The commission has allowed these rates and has mandated the reliablity improvements (to be like NY) which will raise rates to the consumer. blame your PSC and your Liberal Government
And just how did all of the commissioners get their position?
Appointed by whom? Approved by whom?
Democrats perhaps?
Let's just say that Exelon is known for giving extremely large monetary gifts through "sham" charitible organizations (read articles in the Chicago Tribune.) No one is taking into consideration the number of lost jobs this merger will immediately bring. Also, except for the Sr. Management, all severance payments and pension expenses are recoverable from ratepayers. With an estimated loss of 200 jobs -- they are planning them right as we speak, that's going to be a lot of money. Also, the pensions are all now "cash" pensions, which means it will be paid for by ratepayers all at once. Thankfully I live in an area that has a "Muncipal Electric Coop" and not a customer!!
Exelon promises to use "best practices" but never says what they are. Everyone always complains about customer service. A recent Customer Satisfaction Survey done at the end of May 2015 (again, Chicago Tribune), rates Exelon as the worst of any utility Company in the country. Worse even than Comcast, and that is saying something.
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