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BG&E REQUESTS APPROVAL FROM THE PSC FOR A 5.7 PERCENT DECREASE IN ELECTRIC FUEL RATE

 BALTIMORE, Feb. 4 /PRNewswire/ --Baltimore Gas and Electric Company (NYSE: BGE) has requested approval from the Maryland Public Service Commission (PSC) to decrease the electric fuel rate by 5.7 percent effective March 1, 1993.
 This change would be equivalent to a $23 million annual reduction in fuel rate revenues.
 If the PSC approves this request, the typical residential customer using 600 kilowatt hours per month can expect a decrease of $0.56 per month beginning with March 1993 billings. This would represent the fifth fuel rate decrease in the past 14 months, producing a total monthly savings of $3.29 in that time span. The PSC's action would reduce the fuel rate for residential and small commercial customers from 1.619 cents to 1.526 cents per kilowatt sold.
 BG&E officials indicated that the primary reason for the fuel rate decrease was the increased generation from the Calvert Cliffs Nuclear Power Plant, which reduced 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 in May 1991, the company has implemented decreases in the electric fuel rate equivalent to over $210 million annually. This amounts to a decrease of $5.09 per month for the typical residential customer.
 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- 2/4/93
 /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 -- PH031 -- 3124 02/04/93 15:25 EST
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Date:Feb 4, 1993
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