(Baltimore, MD) -- Baltimore City and Baltimore Gas and Electric have finalized an agreement for use of the underground conduit system.
According to the Baltimore Sun, BGE will pay $134 million for capital improvements to the system over the next four years along with an occupancy fee of $1.-5 million a year.
The deal must still be approved by the Baltimore Board of Estimates.
City Council President Nick Mosby wants an investigative committee to look into the agreement, arguing that it violates the spirit of a charter amendment approved by voters that does not allow for the sale or lease of the conduit system.
Mayor Scott says the agreement is not a sale or a lease.
Article contributed by source.metronetworks.com
