SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 24, 2001
Commission File Exact name of registrant IRS Employer
Number as specified in its charter Identification No.
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1-1910 BALTIMORE GAS AND ELECTRIC COMPANY 52-0280210
Maryland
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(State or other jurisdiction of incorporation for each registrant)
39 W. Lexington Street, Baltimore, Maryland 21201
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(Address of principal executive offices) (Zip Code)
Registrants' telephone number, including area code: (410) 234-5000
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. Other Events
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On August 24, 2001, Baltimore Gas and Electric Company (BGE), a subsidiary of
Constellation Energy Group, announced that it has executed contracts with
Allegheny Energy Supply Company, LLC and Constellation Power Source (CPS) for
wholesale electricity to supply its standard offer service customers for the
final three years of its electric deregulation transition period. CPS is also a
subsidiary of Constellation Energy Group.
The contracts will run from July 1, 2003 to June 30, 2006 and will provide BGE
with electricity to serve those customers who have not elected to receive
electricity from an alternative supplier. Under the terms of the contracts, CPS
will provide 90% of BGE's electric supply needs and Allegheny Energy Supply will
provide 10%.
The contracts were awarded following a competitive bidding process during which
BGE contacted more than seventy electric suppliers and received offers from a
number of suppliers. The Maryland Public Service Commission will review the
results of the bidding process. The competitive bidding process is consistent
with the 1999 electric restructuring law and settlement agreement approved by
the Commission to institute deregulation and customer choice of electric supply
in BGE's service territory.
Further information regarding the awards of the standard offer service is set
forth in the press release included as an exhibit to this Current Report on Form
8-K.
ITEM 7. Financial Statements and Exhibits
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(c) Exhibit No. 99 Press Release of Baltimore Gas and Electric Company
issued on August 24, 2001.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BALTIMORE GAS AND ELECTRIC COMPANY
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(Registrant)
Date: August 24, 2001 /s/ Thomas F. Brady
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Thomas F. Brady, on behalf of
Baltimore Gas and Electric Company
as Principal Financial Officer
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