Table of Contents
Table of Contents 2
List of Tables 6
Company Snapshot 7
Key Information 7
Company Overview 7
SWOT Snapshot 7
Operational Metrics 8
Baltimore Gas and Electric Company, Operational Metrics, By Capacity 8
Baltimore Gas and Electric Company, Operational Metrics, By Transmission 8
Baltimore Gas and Electric Company, Operational Metrics, By Distribution 8
Baltimore Gas and Electric Company, Operational Metrics, By Customers 8
Baltimore Gas and Electric Company, Operational Metrics, By Segmental Information 9
Baltimore Gas and Electric Company, Operational Metrics, By Sales 9
Baltimore Gas and Electric Company, Solar PV Parks 10
Baltimore Gas and Electric Company, Solar PV Parks, United States 10
Business Description 11
Business Overview 11
Major Products and Services 12
History 13
SWOT Analysis 18
Overview 18
Baltimore Gas and Electric Company Strengths 18
Customer Base 18
Business Performance: Electricity Distribution 18
Market Position: Maryland 18
Increasing Working Capital 19
Baltimore Gas and Electric Company Weaknesses 19
Cost Efficiency 19
Baltimore Gas and Electric Company Opportunities 19
Prospects for Growth in Demand for Electricity: the US 19
Global Natural Gas Consumption 19
Baltimore Gas and Electric Company Threats 19
Seasonal Variations and Climatic Conditions 19
Theft of Electricity 20
Operational Issues 20
Key Employees 21
Key Employee Biographies 22
Company Statement 23
Locations And Subsidiaries 24
Head Office 24
Financial Deals Landscape 25
Baltimore Gas and Electric Company, Deals Summary 25
Baltimore Gas and Electric Company, 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
Baltimore Gas and Electric Completes Public Offering Of 3.5% Notes Due 2021 For US$300 Million 36
Recent Developments 37
Baltimore Gas and Electric Company – Recent Developments 37
Sep 08, 2011: Champion Energy Receives Approval To Supply Electricity In Maryland 37
Aug 23, 2010: BGE And Pepco Receive Approval To Install Smart Meters In Washington 37
Dec 01, 2015: BGE to Collaborate with Power52 to Increase Access to Solar Energy for Low Income Customers 37
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 38
Sep 27, 2013: Baltimore Gas and Electric Company Signs Agreement with U.S. Department of Labor, Office of Federal Contract Compliance Programs 38
Jan 23, 2013: GRIDiant And BGE Establish Joint Technology Agreement On Fault Circuit Indicator Software 39
Apr 05, 2011: Stream Energy Commences Operations In Pepco Service Area Of Maryland Electricity Market 39
Mar 07, 2011: Stream Energy Announces Expansion Into Maryland Electricity Market 39
Sep 20, 2010: BGE Teams With Accenture And Oracle For Smart Meter Implementation Throughout Central Maryland 40
Jun 07, 2010: Direct Energy Expands Service In BGE Territory 40
Nov 04, 2013: Baltimore Gas and Electric Company Declares Quarterly Preference Dividends 40
Aug 28, 2013: Baltimore Gas and Electric Company Declares Quarterly Preference Dividends 41
Oct 17, 2017: Utilities Look to RF Mesh to Address Network Optimization for Next-Generation Distribution Grid 41
Sep 15, 2017: Maryland Utilities issue requests for proposals for supply of wholesale electric power 42
Mar 27, 2017: Five Exelon Utilities Issue Request for Proposals Regarding Aggregation of Capacity Resources in PJM 42
Mar 22, 2017: BGE Residential Customers’ Winter Electric Bills 25 Percent Lower 42
Mar 14, 2017: Utilities Overwhelmingly Select FirstFuel for Business Customer Engagement in 2016 43
Dec 07, 2016: BGE Customers Have Installed 25 Million LED and CFL Light Bulbs and Scheduled 200,000 Quick Home Energy Check-ups 44
Dec 05, 2016: Five Exelon Utilities Issue Request for Information Regarding Aggregation of Capacity Resources in PJM 44
Nov 02, 2016: Customers Experience Historically Low Power Outages as BGE Completes Cycle of Tree Trimming Under Maryland Reliability Standard 44
Sep 16, 2016: BGE Appoints Maria Harris Tildon to Board of Directors 45
Sep 09, 2016: Maryland Utilities Issue Request for Proposals for the Supply of Wholesale Electric Power 45
Jun 07, 2016: BGE’s Smart Energy Economic Development Program Results In Up To 1,100 Planned Jobs 46
May 26, 2016: BGE Continues To Accelerate Modernization Of Natural Gas Infrastructure Through Its STRIDE Program 46
May 25, 2016: Duration of Power Outages Decreasing Due to BGE Electric System Upgrades 47
May 12, 2016: BGE Smart Energy Savers Program Rebate Aids Columbia Association Installation of Energy-Efficient Combined Heat and Power Unit 47
Apr 22, 2016: BGE Announces Key Senior Leadership Appointments 48
Apr 08, 2016: BGE Announces Key Executive Appointments in Regulatory and External Affairs 48
Mar 31, 2016: BGE Green Grants Program Opens April 1 for 2016 Applications 49
Mar 28, 2016: BGE Continues to Invest in Tree Trimming and Vegetation Management to Help Ensure Reliable Electric Service for Customers 49
Mar 09, 2016: BGE Launches Program to Protect Ospreys and Electric Service Reliability 50
Mar 08, 2016: BGE Inspecting 38,500 Poles in 2016 to Ensure Reliable Electric Service 50
Dec 18, 2015: BGE Proposes Testing Microgrids at Two Maryland Locations 50
Nov 24, 2015: PSC Orders BGE to Reduce Smart Meter Opt-Out Charge 51
Nov 06, 2015: BGE Completes Smart Grid Project; Savings Will Exceed One and a Half Billion Dollars 51
Oct 27, 2015: Exelon Secures Credit Agreements With 28 Minority and Community Banks in Program’s Thirteenth Year 52
Oct 01, 2015: Florida Power & Light Company sends crews to Baltimore to support anticipated power restoration efforts from Hurricane Joaquin 53
Sep 11, 2015: Maryland Utilities Issue Request for Proposals for the Supply of Wholesale Electric Power 53
Aug 28, 2015: BGE Announces Major Milestone in Residential Energy Efficiency 54
Jun 22, 2015: BGE to Launch First Energy Savings Day of the Summer Tomorrow to Help Customers Save on Summer Energy Bills 54
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 54
May 21, 2015: BGE Reminds Customers to Celebrate Graduations Safely by Securing Mylar Balloons Away from Power Lines 55
May 13, 2015: BGE Prepares for Summer and Provides Customers with Tips to Beat the Heat 55
Apr 02, 2015: BGE Names Rob Biagiotti New Chief Customer Officer 56
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 57
Feb 24, 2015: BGE, CPower, Tetra Tech, General Microgrids, Innovari, OhmConnect, and DVI join the Association for DR & Smart Grid 57
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 58
Feb 11, 2015: utiliVisor to Provide Energy Services for BGE’s Smart Energy Savers Program in Maryland 60
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 60
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 61
Jan 06, 2015: BGE Prepared for Consecutive Days of Frigid Temperatures and Provides Customers with Tips for Saving Energy Even During Extremely Cold Weather 62
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 63
Dec 15, 2014: BGE Provides 360 Energy Saving Trees to Baltimore City through the Arbor Day Foundation to Promote Energy Efficiency 63
Nov 26, 2014: BGE Provides Customers with Important Safety Tips on Holiday Lighting and Winter Fire Prevention 64
Nov 04, 2014: BGE Encourages Customers to Prepare Homes and Businesses for Winter Months and Provides Important Energy Saving Tips for Cold Weather 66
Oct 14, 2014: BGE Celebrates National Hispanic Heritage Month in Support of Diverse and Inclusive Communities, Customers and Employees 67
Sep 15, 2014: BGE Congratulates Customers on Achieving Significant Energy Savings Milestones of $2 Billion in Savings through the BGE Smart Energy Savers Program 68
Sep 05, 2014: MD Utilities Issue RFP for Wholesale Electric Power 69
Sep 02, 2014: Baltimore Gas and Electric Selects OSI Technology for Advanced Distribution Volt/VAR Control Solution 70
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 70
Jul 29, 2014: BGE Customers Receive More Than $2.5 Million in Credits During the Company’s First Energy Savings Day of the Summer 70
Jul 02, 2014: BGE Files to Adjust Electric and Gas Distribution Rates 71
Jun 11, 2014: Nordic Energy Expands Service into Maryland plus 9 More States in 2014 72
May 15, 2014: BGE to use helicopter to replace overhead power lines in US 72
May 13, 2014: Baltimore Gas and Electric Deploys C3 Energy Smart Grid Analytics 73
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 73
Apr 07, 2014: BGE to Upgrade Natural Gas Main Along Wilkens Ave. in Catonsville 74
Mar 19, 2014: BGE Begins Route 27 Natural Gas Reinforcement Project 75
Mar 05, 2014: BGE Announces Key Appointments in Regulatory and External Affairs 75
Feb 28, 2014: BGE Ready to Implement Maryland Public Service Commission Order on Smart Meter Opt Out and Fees 75
Feb 26, 2014: Maryland PSC Establishes Smart Meter Opt-Out Fees 76
Feb 12, 2014: BGE President and Chief Executive Officer Ken DeFontes Announces Retirement 76
Jan 29, 2014: Maryland PSC Conditionally Approves BGE’s Plan to Modernize Gas Distribution Infrastructure 77
Jan 27, 2014: BGE Begins Improvements to Electric Transmission System in Northeastern Maryland 78
Jan 23, 2014: PJM Asks Consumers In BGE And Pepco Regions To Conserve Electricity 78
Sep 05, 2013: BGE Smart Energy Savers Program Receives Approval for Additional Funding for Combined Heat and Power Projects 78
Aug 09, 2013: BGE To Start Smart Meters Installation In Carroll County In October 2013 79
Aug 02, 2013: BGE Company Files Plan to Accelerate the Modernization of Natural Gas Infrastructure 79
Jul 26, 2013: BGE Invests More Than $15 Million in Customer Reliability Through Pole Inspection and Treatment Program in 2013 79
Jun 04, 2013: Dynamic Energy Completes Two Maryland Solar Projects For Estes Express Lines 80
May 17, 2013: BGE Files To Adjust Electric And Natural Gas Distribution Base Rates 80
Apr 01, 2013: BGE To Install Natural Gas Main Upgrade In Howard County, US 81
Mar 01, 2013: Delaware PSC Joins FERC Transmission Rate Complaint Against BGE And Pepco Holdings Affiliates 82
Feb 27, 2013: Maryland PSC Orders Utilities To Improve Resiliency And Reliability Of Electric Utility Distribution Infrastructure 82
Feb 22, 2013: Maryland PSC Grants Partial Rate Increase To BGE 83
Oct 25, 2012: BGE Works To Improve Electric Reliability In Baltimore County Communities 83
Oct 01, 2012: BGE Announces Support For Second Phase Of Green Button Initiative 83
Sep 07, 2012: Maryland Utilities Issue Request For Proposals For Supply Of Wholesale Electric Power 84
Jul 12, 2012: GridSense Unveils New Application For Volt/VAR Control Monitoring 84
May 24, 2012: Maryland PSC Allows Customers To Defer Smart Meters Installations 85
Apr 20, 2012: BGE To Begin Providing Residential Customers With Exelon Rate Credit In May 2012 85
Apr 12, 2012: Maryland PSC Orders New Natural Gas-fired Power Generation 85
Mar 22, 2012: US Government Announces New Commitments Of Nine Companies To Give 15 Million Households Tools To Shrink Their Energy Bills 86
Mar 18, 2012: BG&E To Install Smart Meters In Maryland 87
Feb 06, 2012: PPL EnergyPlus Expands Energy Supply Choice In Maryland 87
Aug 23, 2011: BGE Issues Statement Following Earthquake Felt In Central Maryland 88
Aug 15, 2011: BGE Outlines Details Of Electric Service Reliability Project For Residents Of Forest Hill, Maryland 88
Apr 26, 2011: BGE’s Residential Electric Customers Can Expect Decline In Commodity Portion Of Bill 88
Mar 14, 2011: BGE’s Customers Continue To Support BGE Smart Energy Savers Program 89
Mar 07, 2011: BGE Appoints Jeannette M. Mills As Chief Customer Officer 90
Feb 27, 2011: BGE Restores Electric Service To Over 93,000 Customers 90
Jan 25, 2011: BGE Residential Customers Reach New Milestone Of Over 200,000 Purchasing Power From Third-Party Energy Suppliers 90
Nov 04, 2010: Baltimore Gas and Electric Company Announces End Of Federally-Funded Rebates On Energy Efficient Appliances 91
Oct 29, 2010: BGE Customers Can Expect Further Significant Decreases In Total Electric Bills 91
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 92
Sep 29, 2010: BGE Preparing For Likely Power Outages Associated With Approaching Weather System 92
Aug 16, 2010: BGE To Proceed With Smart Grid Implementation 92
Aug 09, 2010: BGE Teams Up With Baltimore Ravens To Promote PeakRewards Program 93
Aug 05, 2010: BGE Encourages Customers To Take Advantage Of Expanded Rebate Program For Energy Efficient Appliances And Heating And Cooling Systems 94
Jul 12, 2010: BGE Requests Rehearing Of Smart Grid Proposal 94
Jun 21, 2010: BGE’s Smart Grid Proposal Denied By State Regulators 94
May 27, 2010: BGE Prepares For Possible Power Outages In Central Maryland Service Area, US 95
May 10, 2010: PJM And 12 Transmission Owners Install More Than 80 Phasor Measurement Units Across North America 95
May 07, 2010: BGE Files Electric Distribution Rate Adjustment With Maryland PSC 95
Jan 27, 2010: BGE Launches Multiyear PHEV Demonstration Project Using GridPoint’s Smart Charging Software 96
Oct 05, 2009: BGE’s Residential Natural Gas Customers Can Anticipate About 25% Reduction In Winter Heating Bills 96
Jul 13, 2009: BGE Files Smart Grid Initiative With Maryland PSC 97
Nov 03, 2016: Silver Spring Networks to integrate distribution automation into Baltimore gas and electric smart grid 98
Feb 09, 2015: U.S. Investor Owned Utilities Choose Silver Spring for Networked Street Lights 99
Oct 27, 2014: ICF International Awarded Three New Contracts with Combined Capacity of up to $61 Million from Baltimore Gas & Electric 99
Sep 02, 2014: Baltimore Gas and Electric Selects OSI Technology for Advanced Distribution Volt/VAR Control Solution 100
Jan 29, 2014: Baltimore Gas and Electric Selects C3 Energy Smart Grid Analytics 100
Oct 07, 2011: Maryland Utilities Issue RFPs For Generation Capacity Resources Under Long-term Contract 101
Sep 21, 2011: ICF International Wins Contracts From BGE To Provide Services For Energy Efficiency Programs 101
Sep 09, 2011: Maryland Utilities Issue RFPs For Supply Of Wholesale Electric Power 102
Apr 07, 2011: OPOWER To Provide ACE Platform To BGE For Smart Meter Rollout 102
Sep 08, 2010: Maryland Utilities In US Issue Request For Proposals For Supply Of Wholesale Electric Power 102
Sep 01, 2010: Silver Spring Signs Definitive Agreement With BGE For Smart Grid Initiative 103
Apr 22, 2008: BGE Selects Accenture To Assist With Rollout Of Its Smart Energy Savers Program 103
Appendix 105
Report Scope 105
GlobalData Coverage 105
Benchmarking 105
GlobalData’s Methodology 105
Secondary Research 105
Primary Research 106
Contact Us 106
Disclaimer 106
Baltimore Gas and Electric Company, Key Facts 7
Baltimore Gas and Electric Company, Operational Metrics, Capacity 8
Baltimore Gas and Electric Company, Operational Metrics, Transmission 8
Baltimore Gas and Electric Company, Operational Metrics, Distribution 8
Baltimore Gas and Electric Company, Operational Metrics, Customers 8
Baltimore Gas and Electric Company, Operational Metrics, Segmental Information 9
Baltimore Gas and Electric Company, Operational Metrics, Sales 9
Baltimore Gas and Electric Company, Solar PV Parks, United States 10
Major Products and Services 12
Baltimore Gas and Electric Company, SWOT Analysis 18
Baltimore Gas and Electric Company, Key Employees 21
Baltimore Gas and Electric Company, 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
Baltimore Gas and Electric Completes Public Offering Of 3.5% Notes Due 2021 For US$300 Million 36
