Business

Baltimore Gas & Electric busted its budget and is seeking a rate adjustment to recoup the cash. The company is asking the Public Service Commission to pass on that cost to customers. In any rate case, the utility has to show that the money was spent wisely — if they can’t, the Public Service Commission can reject the recovery of the amount sought.

After seeing coverage of the devastation caused by Hurricane Helene, two horsewomen in different states had the same thought: They had to help other farmers and horse owners like themselves. Each took action, independent of each other. In Maryland, Deana Tice, of En-Tice-Ment Stables in Harwood, figured she’d load up two 30-foot trailers with needed supplies for horses and their owners.

One of the Baltimore area’s largest public companies has named a new chief operating officer. Columbia’s BigBear.ai (NYSE:BBAI) disclosed the appointment of Carl Napoletano as COO on Friday. Napoletano is a familiar face at the cybersecurity firm. He has worked for the company since 2020 and helped spearhead the firm’s $70 million acquisition of facial recognition company Pangiam.

PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. The repercussions of the Quaker Foods North America recalls, weakening demand in the U.S. and business disruptions in some international markets weighed on the company’s performance in the quarter, CEO Ramon Laguarta said in a statement.

The state is moving closer to awarding a lucrative 20-year contract to run the concessions operations at BWI Thurgood Marshall Airport — a year and a half after Gov. Wes Moore (D) pulled the plug on the initial procurement process, which was laden with controversy. Maryland Matters has learned that an evaluation committee at the Maryland Department of Transportation has recommended granting the contract to URW/Harbor Bankshare, a partnership between the international development company Unibail-Rodamco-Westfield SE and Harbor Bank of Maryland.

The Savannah Bananas, a team with a fun approach to baseball that includes singing, dancing and gimmicks, are coming to Camden Yards next year. The Bananas will play at Camden Yards as part of their 2025 world tour on Aug. 1 and 2, they announced. The team was founded in 2016 as a collegiate baseball team in the Coastal Plain League, and Orioles starter Cade Povich pitched for them in the 2020 season.

The Everytown Community Safety Fund (CSF), part of Everytown for Gun Safety Support Fund, Friday announced $100,000 in funding for LifeBridge Health’s Center for Hope to advance its work of ending gun violence in Baltimore and better position the organization to access federal funding. This grant is part of the CSF’s more than $2 million investment in 20 gun violence intervention organizations nationwide.

The Port of Baltimore is expected to recover quickly and could even see a temporary spike in vessel traffic rerouting from larger ports as dockworkers at East and Gulf coast ports returned to work Friday after their union reached a deal to pause their strike. The International Longshoremen’s Association suspended its three-day strike until Jan. 15 to provide time to negotiate a new contract.