Maryland's ratepayer advocate is objecting to Exelon Corp.'s proposed buyout of Constellation Energy Group, telling federal regulators that the combined company would have too much control of electricity prices on the grid that serves much of the Mid-Atlantic region.
The Maryland Office of People's Counsel, which represents state consumers in matters involving utilities, joined with its Pennsylvania counterpart this week to ask the Federal Energy Regulatory Commission to hold a hearing on the issue.
"If market power can be exercised, it would have an effect on wholesale prices and transmission rates, and it's not a good thing for Maryland ratepayers," People's Counsel Paula Carmody said Thursday. "The natural expectation is that this can lead to an increase in prices."
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