Current Events > Excelon is making an interesting choice with their tax cut.

(+) Yeah! (+)

https://tinyurl.com/y8ckwbmu

tl;dr: BGE is giving $82 million to BGE customers.

For reference since the article didn't share it: Excelon (parent company) pretax profit in 2016 was 3.1 billion. Estimated gain from tax bill: 434 million. BGE is about a tenth of their customer base, so potentially all of the BGE-region tax benefits are being given to customers, along with some in other areas.

What I'm curious about, as a BGE customer, is 'why us?'

It does not affect me personally, of course- they're lowering power rates, not their fee to be on the grid. As a solar household, I only pay their flat fee to be on the grid, so their decision has reduced the value of my solar investment.

Which is okay: I don't need the money.

I applaud their choice. Many are over-eager to pat WF and BoA on the back; these companies are handing a tiny fraction of their profits to their workers/customers; the lion's share is still going to shareholders. Excelon deserves credit, especially if they follow this up with other customers.
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it's going to pay off someday if it already hasn't.
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That's why.
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