September 29, 2016 4:33 PM ET

Electric Utilities

Company Overview of Baltimore Gas and Electric Company

Company Overview

Baltimore Gas and Electric Company engages in the purchase and regulated retail sale of electricity and natural gas for residential, commercial, and industrial customers in central Maryland, including the City of Baltimore. The company is also involved in the provision of electricity transmission and distribution services, as well as natural gas distribution services for retail customers. Its electric distribution system comprises 9,190 circuit miles of overhead lines and 16,841 circuit miles of underground lines. The company also operates liquefied natural gas facility for the storage of natural gas with a storage capacity of 1,055 million cubic feet (mmcf); a liquefied natural gas facility...

2 Center Plaza

110 West Fayette Street

Baltimore, MD 21202

United States

Founded in 1816

3,293 Employees

Phone:

410-234-5000

Key Executives for Baltimore Gas and Electric Company

Chief Executive Officer
Age: 46
President and Chief Operating Officer
Age: 48
Chief Financial Officer, Senior Vice President and Treasurer
Age: 44
Vice President, General Counsel and Member of Risk Management Committee
Age: 62
Senior Vice President of Regulatory & External Affairs
Age: 44
Compensation as of Fiscal Year 2016.

Baltimore Gas and Electric Company Key Developments

Baltimore Gas and Electric Company Appoints Maria Harris Tildon as Board of Director

Baltimore Gas and Electric Company announced that Maria Harris Tildon has appointed the company’s board of directors. Tildon is the senior vice president for public policy and community affairs for CareFirst BlueCross BlueShield (CareFirst), the healthcare insurer in the Mid-Atlantic. Tildon’s responsibilities at CareFirst include all matters related to public policy, government relations, external and internal communications, strategic medical communications and community outreach and corporate giving. She joined the company in 2006, after holding senior positions at The Century Council and with the Clinton administration. Tildon succeeds former BGE board member Dr. Carla Hayden, previously chief executive officer of the Enoch Pratt Free Library, who was sworn in as the United States 14th Librarian of Congress on September 14, 2016.

BGE Reports Earnings Results for the Second Quarter of 2016

BGE reported earnings results for the second quarter of 2016. For the quarter, the company’s GAAP Net Income was $31 million, compared with $44 million in the second quarter of 2015. Adjusted (non-GAAP) Operating Earnings were $29 million compared to $45 million a year ago.

Exelon Corporation, Exelon Generation Company, LLC, Commonwealth Edison Company, PECO Energy Company and Baltimore Gas and Electric Company Enter into Amendments to Syndicated Revolving Credit Facilities

On May 26, 2016, Exelon Corporation, Exelon Generation Company, LLC, Commonwealth Edison Company, PECO Energy Company and Baltimore Gas and Electric Company entered into amendments to each of their respective syndicated revolving credit facilities, which extended the maturity of each of the facilities to May 26, 2021. Exelon also increased the size of its facility from $500 million to $600 million.

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