Statement by Governor Martin O'Malley on Successful PSC Complaint on Unfair Electricity Market Rules
ANNAPOLIS, MD (May 15, 2008) – Governor Martin O’Malley today issued the following statement regarding the Public Service Commission’s successful complaint on unfair electricity market rules:
“I want to commend the Public Service Commission for its ongoing efforts to secure more rate relief for Maryland’s families.”
“The Federal Energy Regulatory Commission (FERC) today, in response to a complaint filed by the Maryland PSC, concluded that ‘unjust and unreasonable’ market rules cost Maryland ratepayers an additional $87.5 million in 2006. Due to the PSC’s complaint FERC has ordered a discontinuation of the pricing structure which produced this imbalance.”
“At a time when energy costs continue to increase nationwide, Maryland’s PSC has secured well-over $2 billion in rate-relief for our families, making it clear that a watchdog for ratepayers is back on the job.”
“Chairman Larsen and the PSC will continue to act aggressively to protect Maryland’s ratepayers from unjust and unreasonable electricity markets.”
