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BG&E REQUESTS APPROVAL FROM THE PSC FOR A 7.1 PERCENT DECREASE IN ELECTRIC FUEL RATE

 BG&E REQUESTS APPROVAL FROM THE PSC FOR A
 7.1 PERCENT DECREASE IN ELECTRIC FUEL RATE
 BALTIMORE, Feb. 4 /PRNewswire/ -- Baltimore Gas & Electric Company (NYSE: BGE) has requested approval from the Maryland Public Service Commission (PSC) to decrease the electric fuel rate by 7.1 percent effective March 1, 1992.
 This change would be equivalent to a $36 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 $0.83 (83 cents) per month beginning with March 1992 billings. This would represent the second fuel rate decrease in 1992, equivalent to a $64 million annual decrease and producing a total monthly savings of $1.50 for the typical customer. The PSC's action would reduce the fuel rate for residential and small commercial customers from 1.964 cents to 1.824 cents per kilowatt sold.
 BG&E officials indicated that the primary reasons for the fuel rate decrease was a lower cost for coal-fired generation and 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 nearly $5 billion in fuel costs.
 Since the startup of Brandon Shores Unit 2 coal-fired generating plant last May, the company will have implemented decreases in the electric fuel rate equivalent to over $136 million annually. This amounts to a decrease of more than $3 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- 2/4/92
 /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 -- PH004 -- 6509 02/04/92 08:32 EST
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Publication:PR Newswire
Date:Feb 4, 1992
Words:362
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