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Filed Under Rule 424(b)(2)
Registration File No. 333-32311
PRICING SUPPLEMENT NO. 4
Dated September 29, 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. and Goldman, Sachs & Co., as agents.
Principal
Amount: $25,000,000 $25,000,000
Interest
Rate: 5.78% 5.78%
Original
Issue Date: 10/1/98 10/1/98
Stated
Maturity: 10/1/2008 10/1/2008
Price
to Public: $25,000,000 $ 25,000,000
Agent: Lehman Brothers, Inc. Goldman, Sachs & Co.
Agent's
Commission: $142,500 $142,500
Net Proceeds
to Company: $24,857,500 $24,857,500
CUSIP: 05916M AN 3 05916M AN 3
We registered a total of $200,000,000 worth of Notes. So
far, we have issued $140,000,000, including these $50,000,000.
We still have $60,000,000 worth of Notes available to issue.
