February 26, 2015 6:00 PM ET

Electric Utilities

Company Overview of Baltimore Gas and Electric Company

Company Overview

Baltimore Gas and Electric Company is primarily engaged in the purchase and regulated retail sale of electricity and natural gas in the United States. It is also involved in the provision of transmission and distribution services to retail customers. The company’s electric distribution system includes approximately 9,391 circuit miles of overhead lines and approximately 15,933 circuit miles of underground lines. It owns 12 natural gas city gate stations and 20 direct pipeline customer delivery points. The company also operates a liquefied natural gas facility for the liquefaction and storage of natural gas with a total storage capacity of 1,055 million cubic feet (mmcf); a liquefied natural ...

2 Center Plaza

110 West Fayette Street

Baltimore, MD 21202

United States

Founded in 1906

3,252 Employees

Phone:

410-234-5000

Key Executives for Baltimore Gas and Electric Company

Chief Executive Officer
Age: 44
President and Chief Operating Officer
Age: 46
Chief Financial Officer and Treasurer
Age: 42
Chief Executive Officer of Constellation Energy Nuclear Group, President of Constellation Energy Nuclear Group and Executive Vice President of Constellation Energy Group Inc
Age: 63
Vice President, General Counsel and Member of Risk Management Committee
Age: 60
Compensation as of Fiscal Year 2014.

Baltimore Gas and Electric Company Key Developments

Baltimore Gas and Electric Company Reports Unaudited Earnings Results for the Third Quarter Ended September 30, 2014

Baltimore Gas and Electric Company reported unaudited earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported GAAP net income of $46 million, compared with $50 million in the third quarter of 2013. Adjusted (non-GAAP) operating earnings were $46 million compared with $51 million in the third quarter of 2013. Company’s adjusted (non-GAAP) operating earnings in the third quarter of 2014 decreased $5 million from the same quarter in 2013, primarily due to increased contracting as a result of an increase in maintenance related activities and incremental storm costs, which were partially offset by increased distribution revenues pursuant to increased rates effective in December 2013.

Baltimore Gas and Electric Company Teams Up with University of Maryland Upper Chesapeake Health for Significant Energy Efficiency Savings with New Combined Heat and Power Plant

Baltimore Gas and Electric Company's Smart Energy Savers Program recently teamed up with University of Maryland Upper Chesapeake Health to help Upper Chesapeake Health better manage their energy use through BGE's Combined Heat and Power Program. Upper Chesapeake Health unveiled its new combined heat and power plant, which is located on site at the medical campus in Bel Air, Maryland. BGE presents University of Maryland Upper Chesapeake Health with $1.5 million in incentives through the BGE Smart Energy Savers Program Combined Heat and Power Program. Overall, the completed combined heat and power energy efficiency project is expected to save Upper Chesapeake $9 million over 20 years and will generate approximate 13 million kilowatt hours annually, making a positive impact on the electric grid, the local environment and importantly, the employees and patients of Upper Chesapeake Health.

Baltimore Gas and Electric Company Names Matthew Bauer as Vice President and Controller

Effective June 2, 2014, Matthew Bauer, Vice President, Power Finance, Exelon Power, will be named Baltimore Gas and Electric Company's (BGE) Vice President and Controller. Mr. Bauer succeeds David M. Vahos, who was recently elected as BGE's interim Treasurer and Chief Financial Officer. Mr. Bauer, 37, has served as Vice President, Power Finance, Exelon Power since 2012. Previously, Mr. Bauer served as the Director of Retail Financial Planning and Analysis for Constellation Energy Group Inc. (CEG) in 2012, Executive Director of Corporate Development for CEG from 2010 to 2012, and Director of Corporate Planning for CEG from 2009 to 2010.

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