<ARTICLE> UT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BGE'S
CONSOLIDATED INCOME STATEMENT, BALANCE SHEET AND STATEMENT OF CASH FLOWS
AND IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-START>                             JAN-01-1994
<PERIOD-END>                               SEP-30-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    5,348,221
<OTHER-PROPERTY-AND-INVEST>                  1,181,284
<TOTAL-CURRENT-ASSETS>                         801,517
<TOTAL-DEFERRED-CHARGES>                       852,298
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               8,183,320
<COMMON>                                     1,425,254
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                          1,330,536
<TOTAL-COMMON-STOCKHOLDERS-EQ>               2,731,601
<PREFERRED-MANDATORY>                          341,000
<PREFERRED>                                    209,185
<LONG-TERM-DEBT-NET>                         2,808,589
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                  69,400
<LONG-TERM-DEBT-CURRENT-PORT>                   40,118
<PREFERRED-STOCK-CURRENT>                        1,500
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,981,927
<TOT-CAPITALIZATION-AND-LIAB>                8,183,320
<GROSS-OPERATING-REVENUE>                    2,172,818
<INCOME-TAX-EXPENSE>                           134,083
<OTHER-OPERATING-EXPENSES>                   1,640,959
<TOTAL-OPERATING-EXPENSES>                   1,775,042
<OPERATING-INCOME-LOSS>                        397,776
<OTHER-INCOME-NET>                              19,812
<INCOME-BEFORE-INTEREST-EXPEN>                 417,588
<TOTAL-INTEREST-EXPENSE>                       142,119
<NET-INCOME>                                   275,469
<PREFERRED-STOCK-DIVIDENDS>                     29,954
<EARNINGS-AVAILABLE-FOR-COMM>                  245,515
<COMMON-STOCK-DIVIDENDS>                       166,166
<TOTAL-INTEREST-ON-BONDS>                      159,840
<CASH-FLOW-OPERATIONS>                         508,499
<EPS-PRIMARY>                                     1.67
<EPS-DILUTED>                                     1.67