Exelon wants Maryland to let utilities back into the power generation business—reversing 2+ decades of deregulation meant to separate grid operators from electricity producers. (Maryland Matters)
The company plans to ask lawmakers next year for permission to build and own a new gas-fired plant, arguing state regulators would have more control over prices and reliability as demand surges.
Consumer and climate groups oppose the move, warning it would force ratepayers to shoulder construction costs and guarantee returns on the infrastructure spending, even if the plant isn’t needed later.
Lawmakers are split along party lines—with some open to limited re-regulation, and others saying Exelon is using reliability fears to justify a new profit stream.
Want the low-down from the top brass? Exelon COO Mike Innocenzo will be on Power Perspectives this week explaining the case for regulated generation. Subscribe to the show on Spotify, Apple, or YouTube to make sure you don’t miss it.