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BG&E REQUESTS APPROVAL FROM THE PSC FOR A 6.2 PERCENT DECREASE IN ELECTRIC FUEL RATE

 BG&E REQUESTS APPROVAL FROM THE PSC FOR A
 6.2 PERCENT DECREASE IN ELECTRIC FUEL RATE
 BALTIMORE, June 2 /PRNewswire/ -- Baltimore Gas & Electric Company (NYSE: BGE) has requested approval from the Maryland Public Service Commission (PSC) to decrease the electric fuel rate by 6.2 percent effective July 1, 1992.
 This change would be equivalent to a $29 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 $0.68 per month beginning with July 1992 billings. This would represent the third fuel rate decrease in 1992, producing a total monthly savings of $2.18. The PSC's action would reduce the fuel rate for residential and small commercial customers from 1.824 cents to 1.711 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 last May, the company has implemented decreases in the electric fuel rate equivalent to over $165 million annually. This amounts to a decrease of $3.98 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- 6/2/92
 /CONTACT: Arthur J. Slusark of Baltimore Gas and Electric, 410-234-7433/
 (BGE) CO: Baltimore Gas and Electric Company; Maryland Public Service
 Commission ST: Maryland IN: UTI SU:


JS -- PH011 -- 6162 06/02/92 10:45 EDT
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Publication:PR Newswire
Date:Jun 2, 1992
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