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Filed Pursuant to Rule 424(b)(2)
Registration File No. 33-45258
PRICING SUPPLEMENT NO. 31
Dated September 1, 1995 to Prospectus
dated February 11, 1993.
BALTIMORE GAS AND ELECTRIC COMPANY
$200,000,000
Medium-Term Notes, Series C
Due from 1 year to 30 years from Date of Issue
(Interest Payable May 1 and November 1)
Principal Amount: $14,000,000
Interest Rate: 6.31%
Original Issue Date: September 6, 1995
Stated Maturity: December 1, 1998
Initial redemption date
(if any): None
Price to Public: $14,000,000
Agent's Commission: $49,000
Net Proceeds to Company: $13,951,000
This Pricing Supplement relates to the original issuance and
sale by Baltimore Gas and Electric Company (the "Company") of the
Medium-Term Notes, Series C, described herein through Lehman
Brothers or The First Boston Corporation, as agents.
Medium-Term Notes, Series C, may be issued under Registration
File No. 33-45258 by the Company in a principal amount of up to
$200,000,000 in gross proceeds and, to date, including this
offering, an aggregate of $200,000,000 has been issued. This
completes the sale of Medium-Term Notes, Series C.
