Sign up today and save up to 83% on a Hartford Courant digital subscription
Topics

Anirban Basu

BGE offers city $100M for underground system

BGE offers city $100M for underground system

Baltimore Gas and Electric Co. is attempting to buy the city's vast underground conduit system for $100 million, according to documents obtained by The Baltimore Sun. BGE's offer comes as the city is considering tripling the rate it charges the utility and other businesses that use the underground ducts to carry power and telecommunications lines — a move that could increase revenue from about $8 million a year to $24 million a year. Currently, the city makes enough money off its conduit system only to pay for its upkeep. But a large rate increase could provide money for other city services, officials argue. BGE officials, the largest users of the conduit system, say...

Loading
65°