News is breaking on the BGE rate increase today

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Baltimore Sun columnist Jay Hancock is blogging from the Maryland General Assembly’s hearing on the BGE rate increase today. He posted a couple of hours ago with what looks like good news for our BGE bills next month. It looks like the parties are leaning toward a 15 percent rate increase come July (and for the next 11 months) rather than a scary 72 percent jump. After that the issue gets murky as ever. Read him here. For more background on the deal that’s being negotiated see The Baltimore Sun’s story from this morning.