Final Report of the Public Service Commission (PSC) of Maryland to the Maryland General Assembly- Options for Re-Regulation and New Generation

This final report studies whether and how Maryland might ﾓre-regulateﾔ its electricity markets. As part of its inquiry, the Public Service Commission (PSC) analyzed options for new electricity generation. The Commission concluded that offshore wind, while using a more reliable wind source than onshore wind and producing greater carbon dioxide reductions (747,000 to 975,000 tons per year, as compared to the full-year Regional Greenhouse Gas Initiative (RGGI) target for 2015 of 937,600), is roughly twice as expensive to build and operate and is thus projected to result in economic loss to ratepayers, not a net benefit. The Commission relied on Levitan & Associates' modeling of the terms of the NRG BlueWater Wind contract in Delaware.