Private company

Baltimore Gas and Electric

Logo: Exelon Corporation, Public domain, via Wikimedia Commons3

American gas and electric utility

Baltimore Gas and Electric Company (BGE) is a subsidiary of the Exelon Corporation and Maryland’s largest gas and electric utility. BGE earlier had created the holding company Constellation Energy in 1999. Constellation Energy was acquired by Exelon in 2012.2 It was founded by Rembrandt Peale.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1816Founded1
  • Industryelectric power, electric power industry, gas industry1
  • HeadquartersBaltimore1
  • Websitewww.bge.com

Baltimore Gas and Electric Company (BGE) is a subsidiary of the Exelon Corporation and Maryland’s largest gas and electric utility. BGE earlier had created the holding company Constellation Energy in 1999. Constellation Energy was acquired by Exelon in 2012.2

Corporate structure

Baltimore Gas and Electric is part of a group headed by Exelon. 67 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Exelon Chicago, Illinois, United States
    • Baltimore Gas and Electric Baltimore
    • Commonwealth Edison Chicago, Illinois, United States
      • Commonwealth Subsidiary Corporation Subsidiary · United States
    • PECO Energy Company Philadelphia, Pennsylvania, United States
    • Pepco Holdings, Inc. Washington, the District of Columbia, United States
      • AMP Funding, L.L.C. Subsidiary · Delaware, United States
      • Atlantic City Electric Company Subsidiary · New Jersey, United States
      • Atlantic City Electric Transition Funding LLC Subsidiary · Delaware, United States
      • Atlantic Generation, Inc. Subsidiary · New Jersey, United States
      • Atlantic Southern Properties, Inc. Subsidiary · New Jersey, United States
      • ATNP Finance Company Subsidiary · Delaware, United States
      • Clean Jobs for Pennsylvania, LLC Subsidiary · Delaware, United States
      • ComEd Financing III Subsidiary · Delaware, United States
      • Commonwealth Edison Company of Indiana, Inc. Subsidiary · Indiana, United States
      • Conectiv Communications, Inc. Subsidiary · Delaware, United States
      • Conectiv Energy Supply, Inc. Subsidiary · Delaware, United States
      • Conectiv Properties and Investments, Inc. Subsidiary · Delaware, United States
      • Conectiv Solutions LLC Subsidiary · Delaware, United States
      • Conectiv, LLC Subsidiary · Delaware, United States
      • Data Center Enterprise, LLC Subsidiary · Delaware, United States
      • Delaware Operating Services Company, LLC Subsidiary · Delaware, United States
      • E&W Development Corporation Subsidiary · Florida, United States
      • EdiSun, LLC Subsidiary · Delaware, United States
      • ETT Canada, Inc. Subsidiary · New Brunswick, Canada
      • Ex-FM, Inc. Subsidiary · New York, United States
      • Ex-FME, Inc. Subsidiary · Delaware, United States
      • Exelon Business Services Company, LLC Subsidiary · Delaware, United States
      • Exelon Energy Delivery Company, LLC Subsidiary · Delaware, United States
      • Exelon Enterprises Company, LLC Subsidiary · Pennsylvania, United States
      • Exelon Genesis, LLC Subsidiary · Delaware, United States
      • and 32 more
    • Delmarva Power Subsidiary · Wilmington
    • Potomac Electric Power Company Subsidiary · Washington, the District of Columbia, United States
    • BALTIMORE GAS AND ELECTRIC COMPANY Subsidiary · Baltimore, Maryland, United States
    • DELMARVA POWER & LIGHT COMPANY Subsidiary · Newark, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Founded by Rembrandt Peale in 1816.1

Artist / sculptor /museum operator Rembrandt Peale, (1778-1860), incorporated the "Gas Light Company of Baltimore" on June 17, 1816, after having exhibited gas lighting at his Holliday Street museum, designed by famed local architect Robert Cary Long, Jr. and built and opened in 1814 (between East Saratoga and East Lexington Streets - after a variety of uses including as Baltimore's City Hall, 1830–1875, in 1931 it became the Municipal Museum of the City of Baltimore, popularly known once again as the Peale Museum into 1997). This was the first gas company in the Americas. The first streetlamp installed by the Gas Light Company of Baltimore stood at the corner of North Holliday and East Baltimore streets and was lit on February 7, 1817. By February 1818, only 28 gas-lit lamps existed. The Belvidere Theatre became the first public building to be lit using gas. Over the next decades the company experimented with piping, meters, and other mechanical technology. Baltimore committed to gas for municipal use, including the installation of gas service in all public markets between by 1851. Private subscription also steadily increased; by 1870, the company had 15,301 customers in Baltimore.

Safe Harbor

In 1930 the Safe Harbor Water and Power Corporation was incorporated in order to construct and operate the Safe Harbor Dam. There were two shareholders: Baltimore Gas and Electric (then as Consolidated Gas Electric Light and Power Company of Baltimore) held a 2/3rd share and Pennsylvania Water & Power Company the other third. The dam, lake and generating plant were all constructed and operational within two years. Seven generating units were installed with a total capacity of 230 MW, costing $34 million.

Post WWII

In 1955, the company rebranded to become Baltimore Gas and Electric, and began to recognize the acronym BGE sometime during the 1990s.

Baltimore Gas and Electric is under common control with Maryland's second and third largest electric utilities after the Maryland Public Service Commission approved the acquisition of Pepco Holdings by Exelon in 2015. The acquisition of Pepco Holdings by Exelon was completed in 2016.

From Wikipedia’s article on Baltimore Gas and Electric, shared under CC BY-SA 4.0.4

Leadership

Who has led Baltimore Gas and Electric, and when. Pick a name to see everywhere that person has worked.

Products and brands

BGE's electric service territory includes Baltimore City and all part of the Central Maryland counties including: Anne Arundel, Baltimore, Calvert, Carroll, Harford, and Howard counties

BGE is a member of two shared-crew networks in the Southeast and Mid-Atlantic regions and frequently sends crews to help restore power to customers across those regions after severe weather events. The utility has dealt with major outages following meteorological events in the mid-Atlantic region, including the June 2012 derecho and Hurricane Sandy in October of the same year. In the aftermath of Hurricane Sandy, BGE restored power to more than 300,000 customers. The utility has proposed the construction and operation of microgrids, capable of generating and distributing electricity during larger outages to the centralized electrical grid; however, in July 2016, the Maryland Public Service Commission rejected BGE's request to construct microgrids.

In 2012, the company began replacing analog electric meters with smart meters to create a less expensive grid system. In June 2016, the Maryland Public Service Commission turned down BGE's request for a rate increase to recover the $48 million cost of installing smart meters, granting them instead an increase that was only 50% of what the utility requested. The $2.80 rate increase went into effect in June 2016 and raised BGE customers’ average electric bill to $134.33 per month.

In October 2015, BGE filed a lawsuit against the city of Baltimore over the city's attempt to increase the fee it charges the utility for the use of its underground conduit system. In November 2016, BGE and the city settled the suit, with the utility accepting an increase to $24 million a year to use the city's 741 miles (1,193 km) long conduit system.

From Wikipedia’s article on Baltimore Gas and Electric, shared under CC BY-SA 4.0.4

Timeline

  1. 1816Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$392.3M 2008–2026
Figures by year
YearFederal grantsFederal contractsTotal
2026–$25.6M$25.6M
2025–$6.1M$6.1M
2024$50.0M$6.7M$56.7M
2023$15.4M$14.7M$30.2M
2022–$10.6M$10.6M
2021–$9.4M$9.4M
2020–$2.5M$2.5M
2019–$3.4M$3.4M
2018–$4.0M$4.0M
2017–$3.3M$3.3M
2016–$3.6M$3.6M
2015–$1.6M$1.6M
2014–$2.1M$2.1M
2013–$1.9M$1.9M
2011–$2.7M$2.7M
2010–$5.5M$5.5M
2009$200.0M$15.5M$215.5M
2008–$7.6M$7.6M

Federal awards

Obligated amounts from USAspending.gov5, by calendar year, 2008–2026, for 2 registered units. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest grants

  1. Dec 24, 2009$200.0M from Department of Energy: Electricity Delivery And Energy Reliability, Research, Development And Analysis6 To BALTIMORE GAS & ELECTRIC COMPANY Award DEOE0000216
  2. Jan 1, 2025$50.0M from Department of Energy: Grid Infrastructure Deployment And Resilience7 To BALTIMORE GAS & ELECTRIC COMPANY Award DEGD0001009
  3. Jul 1, 2023$15.4M from National Institute of Standards and Technology: Middle Mile (Broadband) Grant Program8 To BALTIMORE GAS AND ELECTRIC COMPANY Award 2409MM521

Largest contracts

  1. Aug 22, 2016$30.2M from Department of the Army: Uesc ecms dpw fort meade md igf::ot::igf9 To BALTIMORE GAS AND ELECTRIC COMPANY Award W9124J16F0030
  2. Oct 20, 2021$24.1M from National Institutes of Health: Bge (gas & electric bills) meter# 1 & 2 contract# 75n99022f0000110 To BALTIMORE GAS AND ELECTRIC COMPANY Award 75N99022F00001
  3. Mar 9, 2026$20.0M from U.S. Coast Guard: Utility energy service contract, united states coast guard baltimore yard11 To BALTIMORE GAS & ELECTRIC COMPANY Award 70Z05326FENG50001
  4. Sep 19, 2013$8.2M from Department of the Navy: Igf::ot::igf12 To BALTIMORE GAS AND ELECTRIC COMPANY Award N4008013C0301
  5. Jan 30, 2017$4.3M from National Institutes of Health: Igf::ot::ige base period 8608100000 bge (electric bills) nih can 8023569. jan 201713 To BALTIMORE GAS AND ELECTRIC COMPANY Award HHSN292201700009U