State assails power costs


	State assails power costs

A53GG4

6-1-2008 4:10 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/75747f72-42ba-468b-bca2-d4c832d4e10f/A2FA603B-1983-432B-9DD6-46B6581DCAA6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story" href="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story" style="font-size: 11px;">www.baltimoresun.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story"><H1>State assails power costs</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story"><H2>Consumers in Md., elsewhere to overpay by about $12 billion, utility regulators say</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story"><DL class="byline">
<SPAN class="story-byline">By Paul Adams </SPAN><SPAN>|</SPAN>
<SPAN class="story-titleline">Sun reporter</SPAN>
<SPAN class="story-dateline"><DD> May 31, 2008</DD></SPAN>
</DL></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story"><DIV>Consumers in Maryland and 12 other states will overpay for electricity by an estimated $12 billion during the next few years because market rules to spur construction of power plants are instead enriching energy companies, state utility regulators said in a complaint yesterday.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story"><DIV>
The state Public Service Commission joined a coalition of regulators and power buyers throughout the Mid-Atlantic power grid asking federal regulators to refund the excess payments, which it says have resulted in "unjust" electricity prices.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.baltimoresun.com/business/bal-te.bz.psc31may31,0,6385691.story"><DIV>
The group says so-called wholesale "capacity" auctions for electricity generation committed for 2008 to 2011 did nothing but enrich power generators in Maryland and other states, while resulting in little or no new plant construction to help safeguard reliability of the grid.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A2FA603B-1983-432B-9DD6-46B6581DCAA6/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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