Baltimore Gas and Electric Co. and Potomac Electric Power Co. have run into a speed bump as they look to change their formulas for calculating electricity transmission rates.
The utilities proposed changes to their ratemaking formulas in May as part of a planned consolidation of their transmission control centers. BGE and Pepco, both subsidiaries of Chicago-based Exelon, currently operate their own control centers and could save millions of dollars by consolidating.
Part of the rate calculation factors in wages and salaries, but it is not designed for shared employees. BGE and Pepco requested the changes to properly account for the work being performed on behalf of each of the utilities. Even though BGE and Pepco are both parts of Exelon (NASDAQ: EXC), they each operate independently with BGE customers paying BGE’s costs and Pepco’s customers paying for Pepco’s costs.
