State regulators don?t see any prospect of keeping electric rates down in Maryland, but they are recommending some ways to keep the lights on, as power shortages loom and no generating plants are being built.
Public Service Commission Chairman Steven Larsen presented to legislators the first of several reports that conclude the most cost-effective way to supply Maryland?s 1,500-megawatt shortfall is to establish long-term contracts with electricity suppliers to encourage them to build more powerplants.
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