From The Banner · Clara Longo de Freitas · · 1m 10s
Maryland Power Companies Return $160M Tax Refunds
Maryland utility companies may refund $160 million in taxes to customers after court order.
In brief
Maryland utility companies may refund $160 million in taxes to customers after court order. Maryland power companies could return $160 million in tax refunds to customers following a court ruling that ordered the state to pay $250 million back to energy firms. Originally reported by The Banner.
Maryland Power Companies Seek Tax Refunds
Maryland power companies may return $160 million in tax refunds to customers after a court ruling ordered the state to pay $250 million back to energy firms.
Refund Breakdown by Company
BGE customers get $110 million, Delmarva Power customers $20 million, and Pepco customers $30 million in tax refunds.
Public Service Commission Review
The Maryland Public Service Commission will review the refund proposal and determine timing, structure, and allocation of the refunds.
BGE Rate Increase Proposal
BGE seeks to raise customer electricity rates by $8 a month to sustain a safe and reliable system, though approval is pending.
Comptroller Opposes Refund
Comptroller Brooke Lierman says the refund money belongs to ratepayers and should be issued as credits to all customers.
Customer Impact
Over 115,000 utility shut-offs occurred last year due to nonpayment, up from 100,000 in 2024, as energy costs rise.
The main idea
Maryland power companies could return $160 million in tax refunds to customers following a court ruling that ordered the state to pay $250 million back to energy firms.
