My electric bill (BGE) has gone through the roof the last few months. And on top of that the Boy Governor is raising taxes - the misery quotient is getting pretty high in the People’s Republic of Maryland!
forward to the past
When you regulate the hell out of an industry, there’s no cheap way of getting out of the box you eventually find yourself in.
“The credits were approved by lawmakers in a June 2006 General Assembly special session to address rising costs because of Maryland’s decision to deregulate the electricity market in 1999.”
In other words, it’s eight years later and they’re still paying for the sins of earlier greedy politicians. Same thing happened when the Iron Curtain fell in Eastern Europe. There was a lot of economic suffering, but the countries that didn’t deal with it back then are still suffering.
I would guess, though I haven’t seen the details, that that earlier “deregulation” was like the one produced by Pete Wilson and Gray Davis in California, where they deregulated at the wholesale level but kept the clamps on at the retail level. The longer you wait to fix it, the worse the suffering that results.
Maryland “Freak State” PING!
And pay for the lawsuit on top. It won't matter if he wins; to a Democrat, succeeding doesn't matter; looking like you're trying is good enough. He can always blame it all on Ehrlich.