Baltimore Gas & Electric (BGE) said that the DOE plans to take away the $200 million Smart Grid Investment Grant (SGIG) it awarded to BGE, if the Maryland PSC does not act favorably on BGE's smart grid proposal by July 30. The statement came as BGE has asked the PSC to consider its amended smart grid proposal, which withdraws its previous mandatory time-of-use (TOU) rate structure and which revises its tracker surcharge proposal. The revised proposal was filed after the PSC rejected its first proposal three weeks ago. BGE CEO Kenneth DeFontes, said that BGE is “not ready to give up on the promise of enhanced electric reliability and customer service, dramatic energy conservation, significant environmental benefits, achievement of the Empower Maryland goal to reduce energy consumption by 15% by 2015, and more than $2.6 billion in savings to our customers.” He added that “The per-customer cost of “roughly 30 cents/month on average over the life of the project is a small fraction of the expected customer savings of nearly $100/year.”