Baltimore Gas and Electric (BGE), a subsidiary of Exelon, provides electricity and natural gas services to the Monument City and surrounding areas. The company not only provides services in Baltimore, but to all or parts of 10 surrounding central Maryland counties as well in a service area of 2,300 square miles. The company's regulated power transmission and distribution system consists of almost 24,000 circuit miles of distribution lines, and 1,300 circuit miles of transmission lines, and serves more than 1.2 million customers; its gas system of more than 7,100 miles of gas mains serves more than 650,000 homes and businesses in an 800 square-mile service area.
BGE is a regulated electric transmission and distribution utility company and a regulated gas distribution utility company. It operates 24,000 circuit miles of power distribution lines, 1,300 circuit miles of power transmission lines, and more than 7,100 miles of gas mains.
The company provides services in Baltimore and to 10 surrounding central Maryland counties in a service area of 2,300 square miles.
Revenues and income declined in the year 2011 over 2010 as a result of decrease in the distribution of electricity and gas to residential customers and industrial customers, which was affected by the milder weather tamping down demand and by lower gas prices in the gas division. BGE's revenue decreased by 13.54% in 2011.
It's net income position was not as bad, down only 9% in 2011, thanks to a 14% decline in expenses, led by a major drop in the costs of electricity purchased for resale.
BGE focuses on enhancing reliability and customer satisfaction, and is implementing customer demand response initiatives, including a comprehensive smart grid initiative and a portfolio of conservation programs.
Since 2002, BGE has invested more than $3 billion to maintain and upgrade its gas and electric transmission and distribution systems to meet its customers' service and reliability needs. Its investments include improving infrastructure to reduce power outages, enhancing training to ensure a skilled workforce, and implementing a smart grid program to give customers and the company better control over energy use.
In 2012, BGE launched a three-year project to change install Smart Meters (digital electric meters that allow two-way communication with BGE through a wireless network) for all of its residential and small commercial customers.
In 2010 BGE announced its plans for a full-fledged implementation of its smart grid program across its service area, supported by a $200 million grant from the Department of Energy (DOE) to defray customers' costs. As of December 31, 2011, BGE had received $95.3 million of the $200 million grant from the DOE.
BGE is a subsidiary of Exelon, which acquired BGE's former parent Constellation Energy in 2012.
When BGE was founded in 1816 it was the nation's first gas utility and one of the country's handful of electric utilities.