Website www.bge.com | ||
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Parent organization Constellation Energy Group Subsidiaries BGE Home Products & Services, Inc Profiles | ||
Baltimore Gas and Electric Company (BGE) is a subsidiary of Exelon Corporation and Maryland’s largest gas and electric utility. BGE created the holding company Constellation Energy in 1999. Constellation Energy was acquired by Exelon in 2012.
Contents
Headquartered in Baltimore, BGE provides service to more than 1.2 million electric customers and more than 650,000 natural gas customers in central Maryland.
Origin
Rembrandt Peale incorporated the Gas Light Company of Baltimore on 1816 June 17, after having exhibited gas lighting at his Holliday Street museum; this was the first gas company in the Americas.
Operations
BGE’s electric service territory includes Baltimore City and all or part of Anne Arundel, Baltimore, Calvert, Carroll, Harford, Howard, Montgomery, and Prince George’s counties.
Exelon-Pepco merger
The Maryland Public Service Commission approved the merger of Exelon and Pepco Holdings in May 2015; their approval was required due to BGE's subsidiary status relative to Exelon. The merger, which would set Exelon as the controlling interest for 80% of Maryland's consumer electricity market, has been met with significant opposition within Maryland due to concerns over the potential for major electricity cost increases.