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BG&E RECEIVES APPROVAL FROM THE PSC FOR 5.3 PERCENT DECREASE IN ELECTRIC FUEL RATE

 BG&E RECEIVES APPROVAL FROM THE PSC FOR
 5.3 PERCENT DECREASE IN ELECTRIC FUEL RATE
 BALTIMORE, Jan. 3 /PRNewswire/ -- Baltimore Gas and Electric Co. (NYSE: BGE) announced today it has received approval from the Maryland Public Service Commission for a 5.3 percent decrease in the electric fuel rate, which is equivalent to a $28 million annual reduction in fuel rate revenues.
 With this approval by the PSC, the typical residential customer using 600 kilowatt hours per month can expect a decrease of $.67 per month beginning with January 1992 billings. The PSC's action reduced the fuel rate for residential and small commercial customers from 2.076 cents to 1.964 cents per kilowatt sold.
 BG&E officials pointed to increased generation from the Calvert Cliffs Nuclear Power Plant as the primary reason for the fuel rate decrease, reducing both the amount of purchased power and power generated at higher-cost oil and gas-fired plants. Since it began commercial operation in 1975, Calvert Cliffs has saved BG&E customers more than $5 billion in fuel costs.
 Since the startup of Brandon Shores Unit 2 coal-fired generating plant last May, the company has implemented decreases in the electric fuel rate equivalent to more than $100 million annually.
 The fuel rate, which contains no element of profit, is designed to collect the cost of the fuel used to produce the electricity sold to BG&E customers. It is based on the latest 24-month generation mix and the last three-month average cost at each generating station. The fuel rate changes only if these costs differ by more than 5 percent.
 -0- 1/3/92
 /CONTACT: Arthur J. Slusark of Baltimore Gas and Electric, 410-234-7433/
 (BGE) CO: Baltimore Gas and Electric Company ST: Maryland IN: UTI SU:


MP-KA -- PH004 -- 6415 01/03/92 09:58 EST
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Publication:PR Newswire
Date:Jan 3, 1992
Words:302
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