Baltimore Court Keeps Merger Case

Fortnightly Magazine - October 1 1997
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The chief executive officers of Baltimore Gas and Electric Co. and Potomac Electric Power Co. have expressed disappointment over a July 28 decision by a Baltimore County judge denying a motion to return their proposed merger case to the Maryland Public Service Commission.

The judge's decision will keep the merger proceeding before the Baltimore County Circuit Court.

"As we previously stated and made very clear to the court, we cannot merge in accordance with the terms of the current PSC order," said BGE Chair Christian Poindexter and PEPCO Chair Edward F. Mitchell.

The Maryland PSC had approved the merger on April 16, but ordered a $56-million rate cut and a three-year rate freeze. Local 1900 of the International Brotherhood of Electrical Workers, which opposes the merger, had appealed the PSC order to the court. IBEW represents workers at PEPCO, but was not successful at efforts to represent the workers at BGE.

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