And frankly, that's a tough sell! Thank goodness for them, their profits means they have Superbowl and Olympic ad money to make the sell.

However, credit where its due, while all this seems like a grim cash grab, they do have enough of a sense of humor to call the bill the affordable energy act.

And Uncertainty means risk! And while they want that $, they don't want the risk, so their bill to re-reg now in the MD legislature specifically says that all the risk for stranded assets land on the general public!

(so private profit, socialized risk)

Basically, electricity is getting expensive due to large load build out, and they want in.

BUT! They also know there is a lotta uncertainty! Who knows which data centers will online, or stay online. PJM, cut its load estimates used in the December capacity auction by over 4 GW just months later....

Pointing instead to surging commodity costs tied to load growth across the region (data centers) as the cause.

But, they have a solution! Let them rate-base generation in Maryland again. Note: Exelon can, and has always been able to build gen instate, but not get a guaranteed return on investment.

Meanwhile, BGE took to the press to complain that its unfair that MD OPC points to their spiraling distribution costs (which are capital expenses they make a return on) - www.baltimoresun.com/2026/02/12/b...

And says lets not point fingers, but look for solutions, which has big hot dog suit energy