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Filed Under Rule 424(b)(2)
Registration File No. 333-32311
PRICING SUPPLEMENT NO. 1
Dated March 17, 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
Goldman, Sachs & Co., as agent.
Principal
Amount: $25,000,000
Interest
Rate: 6.36%
Original
Issue Date: 3/18/98
Stated
Maturity: 3/18/2008
Price
to Public: $25,000,000
Agent's
Commission: $150,000
Net Proceeds
to Company: $24,850,000
CUSIP: 05916M AJ 2
We registered a total of $200,000,000 worth of Notes. So
far, we have issued $25,000,000, including these $25,000,000. We
still have $175,000,000 worth of Notes available to issue.
