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BALTIMORE GAS AND ELECTRIC COMPANY ANNOUNCES CALL OF FIRST REFUNDING MORTGAGE BONDS IN CONNECTION WITH ANNUAL SINKING FUND REDEMPTION

 BALTIMORE, July 27 /PRNewswire/ -- Baltimore Gas and Electric Company (NYSE: BGE) announced today a full call for sinking fund redemption of $12,711,000 of its 9-3/8 percent Series due July 1, 2008 First Refunding Mortgage Bonds and a partial call for sinking fund redemption of $6,492,000 of its 7-1/2 percent Series due July 1, 2002 First Refunding Mortgage Bonds.
 These calls for sinking fund redemption will be made by Bankers Trust Company, Trustee, pursuant to the sinking fund provisions of the company's First Refunding Mortgage. The 9-3/8 percent Series Bonds and those 7-1/2 percent Series Bonds called for the sinking fund will be redeemed on Aug. 30, 1993, at 100.00 percent and 100.20 percent of principal, respectively, plus accrued interest from July 1, 1993, to, but not including, Aug. 30, 1993.
 The transfer books for the 9-3/8 percent Series Bonds will not be closed prior to the sinking fund redemption date, but will be closed permanently at the opening of business on Aug. 30, 1993.
 The 7-1/2 percent Series Bonds to be called for the sinking fund redemption will be randomly selected by lot by the Trustee overnight on July 27, 1993. The transfer books for the 7-1/2 percent Series Bonds will not be closed prior to the sinking fund redemption date, but will be closed permanently at the opening of business on Aug. 30, 1993, for those Bonds called for sinking fund redemption.
 Bondholders whose 9-3/8 percent Series and 7-1/2 percent Series Bonds are selected for the sinking fund redemption will receive a Notice of Redemption which will be mailed to them by the Trustee on July 29, 1993. Bonds selected for sinking fund redemption may be presented in person to Bankers Trust Company, Corporate Trust and Agency Group, Securities Processing Services Division, at 123 Washington St., Receipt and Delivery, First Floor, New York, N.Y., 10006; or by mail to Bankers Trust Company, Corporate Trust and Agency Group, Securities Processing Services Division, Post Office Box 2579, Church Street Station, New York, N.Y., 10008. Bonds may also be presented in person to Mercantile- Safe Deposit and Trust Company, Corporate Trust Department, 2 Hopkins Plaza -- G Level, Baltimore, Md., 21201; or by mail to Mercantile-Safe Deposit and Trust Company, Corporate Trust Department, Post Office Box 2258, Baltimore, Md., 21203.
 -0- 7/27/93
 /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:

JM-LJ -- PH028 -- 6408 07/27/93 16:22 EDT
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Date:Jul 27, 1993
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