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Filed Under Rule 424(b)(2)
Registration File No. 333-32311
PRICING SUPPLEMENT NO. 3
Dated April 7, 1998 to
Prospectus dated August 4, 1997.
BALTIMORE GAS AND ELECTRIC COMPANY
Medium-Term Notes, Series G
This Pricing Supplement describes our sale of Notes through
Lehman Brothers, Inc., as agent.
Principal
Amount: $40,000,000
Interest
Rate: 6.20%
Original
Issue Date: 4/8/98
Stated
Maturity: 4/8/2008
Price
to Public: $40,000,000
Agent's
Commission: $240,000
Net Proceeds
to Company: $39,760,000
CUSIP: 05916M AL 7
We registered a total of $200,000,000 worth of Notes. So
far, we have issued $90,000,000, including these $40,000,000. We
still have $110,000,000 worth of Notes available to issue.
