New rules are needed to avoid power shortages, PSC says
But it rules out re-regulation
Maryland residents could face power shortages and higher electric rates unless the state moves to reimpose some regulation on the industry, the state Public Service Commission concluded in a preliminary report to lawmakers. The commission, however, stopped short of recommending full re-regulation of the power industry.
BCSB delays stock offering
Baltimore County Savings Bank, struggling to drum up investor interest in its stock sale amid a market that is wary of financial companies, plans to delay the offering for three months while it seeks a new appraisal of the bank's value. BCSB Bankcorp Inc., the bank's parent company, said it has sought federal approval for its plan.