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BG&E AUTHORIZES 3-FOR-2 COMMON STOCK SPLIT

 BG&E AUTHORIZES 3-FOR-2 COMMON STOCK SPLIT
 BALTIMORE, Jan. 17 /PRNewswire/ -- Baltimore Gas and Electric


Company (NYSE: BGE) said its board of directors today authorized a 3-for-2 common stock split, subject to shareholder approval of an increase in the authorized number of common shares.
 Shareholders will be asked to approve an increase in the authorized shares of common stock from 100 million shares to 175 million shares at the company's Annual Meeting of Shareholders to be held on April 15, 1992. If the increase in authorized shares is approved, common shareholders of record on April 23, 1992, will receive one additional share for each two shares owned.
 George V. McGowan, chairman of the board, said, "The proposed 3-for-2 stock split will make BG&E's stock more attractive to a broader base of individual investors." At Dec. 31, 1991, there were 84.5 million shares of BG&E common stock outstanding.
 The board of directors is also asking shareholders to increase the authorized number of shares of preference stock from 6 million to 6.5 million shares. Charles W. Shivery, vice president-Corporate Finance, said, "The 500,000 share increase in preference stock will provide sufficient shares for the company to maintain an appropriate mix of capital while meeting its future financing needs."
 Information concerning the 3-for-2 stock split and the proposed increase in the authorized number of shares of common stock and preference stock will be included in the proxy materials which will be sent to company shareholders in early March.
 -0- 1/17/92
 /CONTACT: Arthur J. Slusark of Baltimore Gas and Electric, 410-234-7433/
 (BGE) CO: Baltimore Gas and Electric Company ST: Maryland IN: UTI SU:


MK-JS -- PH028 -- 1119 01/17/92 16:27 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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