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BG&E ANNOUNCES REDEMPTION OF 7.88 PERCENT CUMULATIVE PREFERENCE STOCK, 1971 SERIES, $100 PAR VALUE

 BALTIMORE, July 28 /PRNewswire/ -- Baltimore Gas and Electric Company (NYSE: BGE) announced today its intention to redeem all 500,000 shares outstanding of its 7.88 percent Cumulative Preference Stock, 1971 Series, $100 par value on Sept. 1, 1993.
 The Preference Stock will be redeemed at $101 per share, plus accrued dividends to, but not including, Sept. 1, 1993.
 The redemption will be effected through Baltimore Gas and Electric Company, the redemption agent. A formal Notice of Redemption will be mailed to all holders of the Series on or before Aug. 2, 1993. The notice will provide all the necessary information to effect the redemption on Sept. 1, 1993.
 -0- 7/28/93
 /CONTACT: Arthur J. Slusark, director of public information of Baltimore Gas and Electric, 410-234-7433/
 (BGE)


CO: Baltimore Gas and Electric Company ST: Maryland IN: UTI SU:

MK-LJ -- PH031 -- 6799 07/28/93 14:14 EDT
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Publication:PR Newswire
Date:Jul 28, 1993
Words:148
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