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BALTIMORE GAS AND ELECTRIC COMPANY SELLS 6,750,000 SHARES OF COMMON STOCK

 BALTIMORE GAS AND ELECTRIC COMPANY SELLS
 6,750,000 SHARES OF COMMON STOCK
 BALTIMORE, Sept. 22 /PRNewswire/ -- Baltimore Gas and Electric Company (NYSE: BGE) completed the public offering of 6,750,000 shares of its common stock, George V. McGowan, chairman of the board announced today.
 The stock was sold to a group of underwriters led by Merrill Lynch, Pierce, Fenner & Smith Incorporated; Alex. Brown & Sons Incorporated; and Legg Mason Wood Walker, Incorporated. The new shares are being offered to the public at a price of $21-5/8 per share. The closing price of the company's common stock on the New York Stock Exchange was $21-5/8 on Sept. 22, 1992. The net proceeds to be received by the company from the financing will be used to meet capital requirements or for other general corporate purposes relating to the company's utility business.
 -0- 9/22/92
 /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:


JS-CC -- PH047 -- 2384 09/22/92 17:10 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
Words:181
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