Table of Contents
Table of Contents 2
List of Tables 7
Company Snapshot 8
Key Information 8
Company Overview 8
SWOT Snapshot 8
Operational Metrics 9
Baltimore Gas and Electric Co, Operational Metrics, By Capacity 9
Baltimore Gas and Electric Co, Operational Metrics, By Transmission 9
Baltimore Gas and Electric Co, Operational Metrics, By Distribution 9
Baltimore Gas and Electric Co, Operational Metrics, By Customers 9
Baltimore Gas and Electric Co, Operational Metrics, By Segmental Information 10
Baltimore Gas and Electric Co, Operational Metrics, By Sales 10
Baltimore Gas and Electric Co, Solar PV Parks 11
Baltimore Gas and Electric Co, Solar PV Parks, United States 11
Business Description 13
Business Overview 13
Electricity Transmission and Distribution 13
Overview 13
Gas Distribution 13
Overview 13
Major Products and Services 14
History 15
SWOT Analysis 20
Overview 20
Baltimore Gas and Electric Co Strengths 20
Customer Base 20
Market Position: Maryland 20
Cost Efficiency 20
Baltimore Gas and Electric Co Weaknesses 21
Declining Working Capital 21
Baltimore Gas and Electric Co Opportunities 21
Increase in Demand for Electricity: the US 21
Global Natural Gas Consumption 21
Baltimore Gas and Electric Co Threats 21
Seasonal Variations and Climatic Conditions 21
Theft of Electricity 21
Operational Issues 21
Key Employees 22
Key Employee Biographies 23
Locations And Subsidiaries 24
Head Office 24
Financial Deals Landscape 25
Baltimore Gas and Electric Co, Deals Summary 25
Baltimore Gas and Electric Co, Power, Deal Details 26
Debt Offering 26
Baltimore Gas and Electric Raises USD300 Million in Public Offering of 3.75% Notes Due 2047 26
Baltimore Gas and Electric Raises USD350 Million in Public Offering of 2.4% Notes Due 2026 28
Baltimore Gas and Electric Raises USD500 Million in Public Offering of 3.5% Notes Due 2046 30
Baltimore Gas and Electric Completes Public Offering Of 3.35% Notes Due 2023 For US$300 Million 32
Baltimore Gas and Electric Completes Public Offering Of 2.8% Notes Due 2022 For US$250 Million 34
Recent Developments 35
Baltimore Gas and Electric Co – Recent Developments 35
Sep 08, 2011: Champion Energy Receives Approval To Supply Electricity In Maryland 35
Aug 23, 2010: BGE And Pepco Receive Approval To Install Smart Meters In Washington 35
Dec 01, 2015: BGE to Collaborate with Power52 to Increase Access to Solar Energy for Low Income Customers 35
Dec 12, 2014: BGE Teams Up with the Baltimore Ravens and Green Street Academy to Support ‘Recycling with the Ravens’ and GamePlanEarth at this Sunday’s Ravens Home Game 36
Sep 27, 2013: Baltimore Gas and Electric Company Signs Agreement with U.S. Department of Labor, Office of Federal Contract Compliance Programs 36
Jan 23, 2013: GRIDiant And BGE Establish Joint Technology Agreement On Fault Circuit Indicator Software 37
Apr 05, 2011: Stream Energy Commences Operations In Pepco Service Area Of Maryland Electricity Market 37
Mar 07, 2011: Stream Energy Announces Expansion Into Maryland Electricity Market 37
Sep 20, 2010: BGE Teams With Accenture And Oracle For Smart Meter Implementation Throughout Central Maryland 38
Jun 07, 2010: Direct Energy Expands Service In BGE Territory 38
Nov 04, 2013: Baltimore Gas and Electric Company Declares Quarterly Preference Dividends 38
Aug 28, 2013: Baltimore Gas and Electric Company Declares Quarterly Preference Dividends 39
Sep 13, 2018: ABB microgrid and battery energy storage systems provide innovative solutions in the US 39
Aug 21, 2018: CleanChoice Energy launches Community solar in Maryland 39
Jun 12, 2018: BGE Provides 500,000 LED Light Bulbs to Maryland Food Bank to Help Food Pantry Customers Save Energy 40
May 16, 2018: BGE Residential Customers’ Electric Bills to Decrease $11 Per Month 40
May 15, 2018: BGE Expands Incentives for Electric Vehicle Shoppers 41
Apr 27, 2018: BGE Helps Customers Grow Energy Savings with Tree Giveaway 41
Mar 21, 2018: BGE Expects to Restore Service to Vast Majority of Customers 42
Mar 15, 2018: BGE Adds State-of-the-Art Electric Buses to Company Vehicle Fleet 42
Mar 09, 2018: BGE Thanks Customers as Winter Storm Restorations are Completed 43
Mar 06, 2018: Crews Working to Complete Restorations from Winter Storm Riley and Preparing to Respond to Approaching Winter Storm Quinn 43
Mar 05, 2018: More than 2,800 BGE Employees, Contractors and External Crews Working to Restore Electric Service Following Last Week’s Wind Storm 44
Mar 04, 2018: BGE Crews Restore Power to More Than 395,000 Customers affected by Powerful Nor’easter 45
Mar 03, 2018: BGE Crews Restore Power to More Than 300,000 Customers as Damaging High Winds Continue to Impact Central Maryland 45
Mar 03, 2018: BGE Crews Restore Power to More Than 250,000 Customers as Damaging High Winds Continue to Impact Central Maryland 46
Mar 02, 2018: BGE Crews Restore Power to More Than 173,000 Customers as Nor’easter Continues to Inflict Damaging High Winds in Central Maryland 46
Mar 02, 2018: BGE Crews Working to Restore Service to More than 225,000 Customers Affected by Powerful Nor’easter Storm 47
Mar 02, 2018: Hydro One sending approximately 175 highly skilled storm responders to help restore power in Massachusetts and Maryland 47
Feb 01, 2018: BGE Customers Experience Record Electricity Reliability in 2017 48
Jan 29, 2018: BGE Crews Aiding in Puerto Rico Recovery Efforts 48
Jan 11, 2018: BGE Updates Filing to Provide Additional Federal Tax Reduction Benefits to Customers 48
Jan 05, 2018: BGE to deliver federal tax reduction benefits to customers 49
Jan 04, 2018: BGE Names Rodney Oddoye Chief Customer Officer and Announces Executive Leadership Rotations in Gas and Electric Operations 49
Nov 06, 2017: BGE Ready to Provide Safe and Reliable Service this Winter 50
Oct 17, 2017: Utilities Look to RF Mesh to Address Network Optimization for Next-Generation Distribution Grid 51
Sep 15, 2017: Maryland Utilities issue requests for proposals for supply of wholesale electric power 51
Mar 27, 2017: Five Exelon Utilities Issue Request for Proposals Regarding Aggregation of Capacity Resources in PJM 52
Mar 22, 2017: BGE Residential Customers’ Winter Electric Bills 25 Percent Lower 52
Mar 14, 2017: Utilities Overwhelmingly Select FirstFuel for Business Customer Engagement in 2016 53
Dec 07, 2016: BGE Customers Have Installed 25 Million LED and CFL Light Bulbs and Scheduled 200,000 Quick Home Energy Check-ups 53
Dec 05, 2016: Five Exelon Utilities Issue Request for Information Regarding Aggregation of Capacity Resources in PJM 54
Nov 02, 2016: Customers Experience Historically Low Power Outages as BGE Completes Cycle of Tree Trimming Under Maryland Reliability Standard 54
Sep 16, 2016: BGE Appoints Maria Harris Tildon to Board of Directors 55
Sep 09, 2016: Maryland Utilities Issue Request for Proposals for the Supply of Wholesale Electric Power 55
Jun 07, 2016: BGE’s Smart Energy Economic Development Program Results In Up To 1,100 Planned Jobs 55
May 26, 2016: BGE Continues To Accelerate Modernization Of Natural Gas Infrastructure Through Its STRIDE Program 56
May 25, 2016: Duration of Power Outages Decreasing Due to BGE Electric System Upgrades 56
May 12, 2016: BGE Smart Energy Savers Program Rebate Aids Columbia Association Installation of Energy-Efficient Combined Heat and Power Unit 57
Apr 22, 2016: BGE Announces Key Senior Leadership Appointments 58
Apr 08, 2016: BGE Announces Key Executive Appointments in Regulatory and External Affairs 58
Mar 31, 2016: BGE Green Grants Program Opens April 1 for 2016 Applications 59
Mar 28, 2016: BGE Continues to Invest in Tree Trimming and Vegetation Management to Help Ensure Reliable Electric Service for Customers 59
Mar 09, 2016: BGE Launches Program to Protect Ospreys and Electric Service Reliability 59
Mar 08, 2016: BGE Inspecting 38,500 Poles in 2016 to Ensure Reliable Electric Service 60
Dec 18, 2015: BGE Proposes Testing Microgrids at Two Maryland Locations 60
Nov 24, 2015: PSC Orders BGE to Reduce Smart Meter Opt-Out Charge 61
Nov 06, 2015: BGE Completes Smart Grid Project; Savings Will Exceed One and a Half Billion Dollars 61
Oct 27, 2015: Exelon Secures Credit Agreements With 28 Minority and Community Banks in Program’s Thirteenth Year 62
Oct 01, 2015: Florida Power & Light Company sends crews to Baltimore to support anticipated power restoration efforts from Hurricane Joaquin 63
Sep 11, 2015: Maryland Utilities Issue Request for Proposals for the Supply of Wholesale Electric Power 63
Aug 28, 2015: BGE Announces Major Milestone in Residential Energy Efficiency 63
Jun 22, 2015: BGE to Launch First Energy Savings Day of the Summer Tomorrow to Help Customers Save on Summer Energy Bills 64
Jun 16, 2015: June is National Safety Month and BGE Offers Tips to Help Customers and Local Contractors Stay Safe around Electric and Gas Facilities and Work Zones 64
May 21, 2015: BGE Reminds Customers to Celebrate Graduations Safely by Securing Mylar Balloons Away from Power Lines 65
May 13, 2015: BGE Prepares for Summer and Provides Customers with Tips to Beat the Heat 65
Apr 02, 2015: BGE Names Rob Biagiotti New Chief Customer Officer 66
Mar 19, 2015: BGE Encourages Customers to Kick Off Spring Cleaning with a $50 Reward for Recycling Old Appliances through the BGE Smart Energy Savers Program 67
Feb 24, 2015: BGE, CPower, Tetra Tech, General Microgrids, Innovari, OhmConnect, and DVI join the Association for DR & Smart Grid 67
Feb 23, 2015: BGE Offers Billing Options to Customers Managing Higher-than-Normal Bills in Response to Spikes in Energy Usage as a Result of Record Cold Temperatures 68
Feb 11, 2015: utiliVisor to Provide Energy Services for BGE’s Smart Energy Savers Program in Maryland 69
Feb 11, 2015: BGE Reminds Customers to Shop Maryland’s Upcoming Tax-Free Weekend, Shop Maryland Energy, to Save on New ENERGY STAR Certified Products 70
Jan 14, 2015: BGE Presents $30,000 to Eleven Schools Across Central Maryland for Their Renditions of the Original Emmy Award Winning BGE ‘Wires Down’ Commercial through its Third Annual Wires Down Video Challenge 71
Jan 06, 2015: BGE Prepared for Consecutive Days of Frigid Temperatures and Provides Customers with Tips for Saving Energy Even During Extremely Cold Weather 72
Dec 15, 2014: BGE Provides 360 Energy Saving Trees to Baltimore City through the Arbor Day Foundation to Promote Energy Efficiency and Make a Positive Impact on the Environment and the Chesapeake Bay Watershed 73
Dec 15, 2014: BGE Provides 360 Energy Saving Trees to Baltimore City through the Arbor Day Foundation to Promote Energy Efficiency 73
Nov 26, 2014: BGE Provides Customers with Important Safety Tips on Holiday Lighting and Winter Fire Prevention 74
Nov 04, 2014: BGE Encourages Customers to Prepare Homes and Businesses for Winter Months and Provides Important Energy Saving Tips for Cold Weather 75
Oct 14, 2014: BGE Celebrates National Hispanic Heritage Month in Support of Diverse and Inclusive Communities, Customers and Employees 77
Sep 15, 2014: BGE Congratulates Customers on Achieving Significant Energy Savings Milestones of $2 Billion in Savings through the BGE Smart Energy Savers Program 78
Sep 05, 2014: MD Utilities Issue RFP for Wholesale Electric Power 79
Sep 02, 2014: Baltimore Gas and Electric Selects OSI Technology for Advanced Distribution Volt/VAR Control Solution 80
Aug 28, 2014: BGE Reminds Customers Shopping Labor Day Weekend Sales to Double Savings on New ENERGY STAR Certified Appliances with Rebates through the BGE Smart Energy Savers Program 80
Jul 29, 2014: BGE Customers Receive More Than $2.5 Million in Credits During the Company’s First Energy Savings Day of the Summer 80
Jul 02, 2014: BGE Files to Adjust Electric and Gas Distribution Rates 81
Jun 11, 2014: Nordic Energy Expands Service into Maryland plus 9 More States in 2014 82
May 15, 2014: BGE to use helicopter to replace overhead power lines in US 82
May 13, 2014: Baltimore Gas and Electric Deploys C3 Energy Smart Grid Analytics 82
Apr 17, 2014: BGE and Towson University Team Up for Significant Energy Efficiency Savings of more than 8.2 million kWh and $1 Million in Annual Energy Costs Savings 83
Apr 07, 2014: BGE to Upgrade Natural Gas Main Along Wilkens Ave. in Catonsville 84
Mar 19, 2014: BGE Begins Route 27 Natural Gas Reinforcement Project 85
Mar 05, 2014: BGE Announces Key Appointments in Regulatory and External Affairs 85
Feb 28, 2014: BGE Ready to Implement Maryland Public Service Commission Order on Smart Meter Opt Out and Fees 85
Feb 26, 2014: Maryland PSC Establishes Smart Meter Opt-Out Fees 86
Feb 12, 2014: BGE President and Chief Executive Officer Ken DeFontes Announces Retirement 86
Jan 29, 2014: Maryland PSC Conditionally Approves BGE’s Plan to Modernize Gas Distribution Infrastructure 87
Jan 27, 2014: BGE Begins Improvements to Electric Transmission System in Northeastern Maryland 87
Jan 23, 2014: PJM Asks Consumers In BGE And Pepco Regions To Conserve Electricity 88
Sep 05, 2013: BGE Smart Energy Savers Program Receives Approval for Additional Funding for Combined Heat and Power Projects 88
Aug 09, 2013: BGE To Start Smart Meters Installation In Carroll County In October 2013 89
Aug 02, 2013: BGE Company Files Plan to Accelerate the Modernization of Natural Gas Infrastructure 89
Jul 26, 2013: BGE Invests More Than $15 Million in Customer Reliability Through Pole Inspection and Treatment Program in 2013 89
Jun 04, 2013: Dynamic Energy Completes Two Maryland Solar Projects For Estes Express Lines 90
May 17, 2013: BGE Files To Adjust Electric And Natural Gas Distribution Base Rates 90
Apr 01, 2013: BGE To Install Natural Gas Main Upgrade In Howard County, US 91
Mar 01, 2013: Delaware PSC Joins FERC Transmission Rate Complaint Against BGE And Pepco Holdings Affiliates 92
Feb 27, 2013: Maryland PSC Orders Utilities To Improve Resiliency And Reliability Of Electric Utility Distribution Infrastructure 92
Feb 22, 2013: Maryland PSC Grants Partial Rate Increase To BGE 93
Oct 25, 2012: BGE Works To Improve Electric Reliability In Baltimore County Communities 93
Oct 01, 2012: BGE Announces Support For Second Phase Of Green Button Initiative 93
Sep 07, 2012: Maryland Utilities Issue Request For Proposals For Supply Of Wholesale Electric Power 94
Jul 12, 2012: GridSense Unveils New Application For Volt/VAR Control Monitoring 94
May 24, 2012: Maryland PSC Allows Customers To Defer Smart Meters Installations 95
Apr 20, 2012: BGE To Begin Providing Residential Customers With Exelon Rate Credit In May 2012 95
Apr 12, 2012: Maryland PSC Orders New Natural Gas-fired Power Generation 95
Mar 22, 2012: US Government Announces New Commitments Of Nine Companies To Give 15 Million Households Tools To Shrink Their Energy Bills 96
Mar 18, 2012: BG&E To Install Smart Meters In Maryland 97
Feb 06, 2012: PPL EnergyPlus Expands Energy Supply Choice In Maryland 97
Aug 23, 2011: BGE Issues Statement Following Earthquake Felt In Central Maryland 97
Aug 15, 2011: BGE Outlines Details Of Electric Service Reliability Project For Residents Of Forest Hill, Maryland 98
Apr 26, 2011: BGE’s Residential Electric Customers Can Expect Decline In Commodity Portion Of Bill 98
Mar 14, 2011: BGE’s Customers Continue To Support BGE Smart Energy Savers Program 99
Mar 07, 2011: BGE Appoints Jeannette M. Mills As Chief Customer Officer 99
Feb 27, 2011: BGE Restores Electric Service To Over 93,000 Customers 100
Jan 25, 2011: BGE Residential Customers Reach New Milestone Of Over 200,000 Purchasing Power From Third-Party Energy Suppliers 100
Nov 04, 2010: Baltimore Gas and Electric Company Announces End Of Federally-Funded Rebates On Energy Efficient Appliances 101
Oct 29, 2010: BGE Customers Can Expect Further Significant Decreases In Total Electric Bills 101
Oct 19, 2010: BGE Announces Tour Of Government Agencies In Sections Of Its 230kV And 500kV Transmission Lines In Howard And Anne Arundel Counties, US 102
Sep 29, 2010: BGE Preparing For Likely Power Outages Associated With Approaching Weather System 102
Aug 16, 2010: BGE To Proceed With Smart Grid Implementation 102
Aug 09, 2010: BGE Teams Up With Baltimore Ravens To Promote PeakRewards Program 103
Aug 05, 2010: BGE Encourages Customers To Take Advantage Of Expanded Rebate Program For Energy Efficient Appliances And Heating And Cooling Systems 103
Jul 12, 2010: BGE Requests Rehearing Of Smart Grid Proposal 104
Jun 21, 2010: BGE’s Smart Grid Proposal Denied By State Regulators 104
May 27, 2010: BGE Prepares For Possible Power Outages In Central Maryland Service Area, US 104
May 10, 2010: PJM And 12 Transmission Owners Install More Than 80 Phasor Measurement Units Across North America 105
May 07, 2010: BGE Files Electric Distribution Rate Adjustment With Maryland PSC 105
Jan 27, 2010: BGE Launches Multiyear PHEV Demonstration Project Using GridPoint’s Smart Charging Software 106
Oct 05, 2009: BGE’s Residential Natural Gas Customers Can Anticipate About 25% Reduction In Winter Heating Bills 106
Jul 13, 2009: BGE Files Smart Grid Initiative With Maryland PSC 107
Nov 03, 2016: Silver Spring Networks to integrate distribution automation into Baltimore gas and electric smart grid 108
Feb 09, 2015: U.S. Investor Owned Utilities Choose Silver Spring for Networked Street Lights 108
Oct 27, 2014: ICF International Awarded Three New Contracts with Combined Capacity of up to $61 Million from Baltimore Gas & Electric 109
Sep 02, 2014: Baltimore Gas and Electric Selects OSI Technology for Advanced Distribution Volt/VAR Control Solution 109
Jan 29, 2014: Baltimore Gas and Electric Selects C3 Energy Smart Grid Analytics 110
Oct 07, 2011: Maryland Utilities Issue RFPs For Generation Capacity Resources Under Long-term Contract 110
Sep 21, 2011: ICF International Wins Contracts From BGE To Provide Services For Energy Efficiency Programs 111
Sep 09, 2011: Maryland Utilities Issue RFPs For Supply Of Wholesale Electric Power 111
Apr 07, 2011: OPOWER To Provide ACE Platform To BGE For Smart Meter Rollout 112
Sep 08, 2010: Maryland Utilities In US Issue Request For Proposals For Supply Of Wholesale Electric Power 112
Sep 01, 2010: Silver Spring Signs Definitive Agreement With BGE For Smart Grid Initiative 113
Apr 22, 2008: BGE Selects Accenture To Assist With Rollout Of Its Smart Energy Savers Program 113
Appendix 114
Report Scope 114
GlobalData Coverage 114
Benchmarking 114
GlobalData’s Methodology 114
Secondary Research 114
Primary Research 115
Contact Us 115
Disclaimer 115
Baltimore Gas and Electric Co, Key Facts 8
Baltimore Gas and Electric Co, Operational Metrics, Capacity 9
Baltimore Gas and Electric Co, Operational Metrics, Transmission 9
Baltimore Gas and Electric Co, Operational Metrics, Distribution 9
Baltimore Gas and Electric Co, Operational Metrics, Customers 9
Baltimore Gas and Electric Co, Operational Metrics, Segmental Information 10
Baltimore Gas and Electric Co, Operational Metrics, Sales 10
Baltimore Gas and Electric Co, Solar PV Parks, United States 11
Major Products and Services 14
Baltimore Gas and Electric Co, SWOT Analysis 20
Baltimore Gas and Electric Co, Key Employees 22
Baltimore Gas and Electric Co, Deals Summary 25
Baltimore Gas and Electric Raises USD300 Million in Public Offering of 3.75% Notes Due 2047 26
Baltimore Gas and Electric Raises USD350 Million in Public Offering of 2.4% Notes Due 2026 28
Baltimore Gas and Electric Raises USD500 Million in Public Offering of 3.5% Notes Due 2046 30
Baltimore Gas and Electric Completes Public Offering Of 3.35% Notes Due 2023 For US$300 Million 32
Baltimore Gas and Electric Completes Public Offering Of 2.8% Notes Due 2022 For US$250 Million 34
