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 25,320 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 13,360 miles of gas mains serves more than 655,000 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 more than 25,320 circuit miles of power distribution lines, 1,300 circuit miles of power transmission lines, and more than 13,360 miles of gas mains.
BGE’s electric distribution system includes 9,391 circuit miles of overhead lines and 15,933 circuit miles of underground lines. Its highest peak load during winter months occurred on January 7, 2014 and was 6,526 MW.
The company provides services in Baltimore and to 10 surrounding central Maryland counties in a service area of 2,300 square miles.
BGE had seen a slow decline in its revenues since 2010. However, in 2013 its revenue increased by 12% due to increased customer demand for electricity.
Net income has been moving with the company’s revenues trend. In 2013 the company’s net income increased to $210 million from $4 million in 2012 was primarily due to higher sales and increased operating income.
In 2013 BGE’s operating cash inflow increased to $561 million over $485 million in 2012 was due to a decrease in payables to suppliers.
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 2013 the company filed a plan with the Maryland Public Service Commission to accelerate the modernization of its natural gas distribution system. BGE’s Strategic Infrastructure Development and Enhancement plan responds to legislation signed into law on 2013, making Maryland one of more than 30 states with similar initiatives to modernize natural gas systems to enhance safety and reliability.
In 2012, BGE launched a three-year project to 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. The following year it announced plans for five major upgrade projects for gas mains, modernization of its gas distribution system, and enhancements for its tree management program.
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.