Filed Pursuant to Rule 424(b)(2)
Registration File No 333-19263
PRICING SUPPLEMENT NO. 1
Dated June 3, 1997 to
Prospectus dated January 6, 1997.
BALTIMORE GAS AND ELECTRIC COMPANY
$200,000,000
Medium-Term Notes, Series E
Due from 1 year to 30 years from Date of Issue
(Interest Payable May 1 and November 1)
Principal
Amount: $30,000,000
Interest
Rate: 6.75%
Original
Issue Date: 6/4/97
Stated
Maturity: 6/5/2012
Repurchase Dates at the
Option of the Holder: 6/5/2002 @ 100%
6/5/2007 @ 100%
Price
to Public: $30,000,000
Agent's
Commission: $150,000
Net Proceeds
to Company: $29,850,000
This Pricing Supplement relates to the original issuance and
sale by Baltimore Gas and Electric Company (the "Company") of the
Medium-Term Notes, Series E, described herein through Lehman
Brothers or Goldman, Sachs & Co., as agents.
Medium-Term Notes, Series E, may be issued under
Registration Statement No. 333-19263 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 $30,000,000 has
been issued.
<PAGE>
Filed Pursuant to Rule 424(b)(2)
Registration File No 333-19263
PRICING SUPPLEMENT NO. 2
Dated June 3, 1997 to
Prospectus dated January 6, 1997.
BALTIMORE GAS AND ELECTRIC COMPANY
$200,000,000
Medium-Term Notes, Series E
Due from 1 year to 30 years from Date of Issue
(Interest Payable May 1 and November 1)
Principal
Amount: $30,000,000
Interest
Rate: 6.75%
Original
Issue Date: 6/5/97
Stated
Maturity: 6/5/2012
Repurchase Dates at the
Option of the Holder: 6/5/2002 @ 100%
6/5/2007 @ 100%
Price
to Public: $30,000,000
Agent's
Commission: $150,000
Net Proceeds
to Company: $29,850,000
This Pricing Supplement relates to the original issuance and
sale by Baltimore Gas and Electric Company (the "Company") of the
Medium-Term Notes, Series E, described herein through Lehman
Brothers or Goldman, Sachs & Co., as agents.
Medium-Term Notes, Series E, may be issued under
Registration Statement No. 333-19263 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 $60,000,000 has
been issued.
