EXHIBIT 10(B)

                                   SUMMARY OF
                                AMENDMENT TO THE
                       BALTIMORE GAS AND ELECTRIC COMPANY
                            EXECUTIVE BENEFITS PLAN

    During  1993, the Board  of Directors of Baltimore  Gas and Electric Company
granted management the authority to  amend the Executive Benefits Plan  ("Plan")
to  secure the supplemental pension benefits of Plan participants. The amendment
will not increase the amount of supplemental pension benefits under the Plan. In
the past, the supplemental  pension benefits were unfunded  (i.e., no money  was
set  aside  on behalf  of  the executive  as the  benefit  was earned),  and the
benefits were paid from the Company's general funds when the executive  retired.
To  provide security, supplemental  pension benefits under the  Plan will now be
accrued and funded through  a trust at  the time they  are earned. An  executive
officer's  accrued benefits in the trust become  vested when any of these events
occur:  retirement  eligibility;  termination,  demotion  or  loss  of   benefit
eligibility  without cause; a  change of control of  the Company followed within
two  years  by  the  executive's  demotion,  termination  or  loss  of   benefit
eligibility;  or  reduction  of  previously accrued  benefits.  As  a  result of
becoming vested,  the executive  would be  entitled to  a payout  of the  vested
amount from the trust upon the later of age 55 or employment termination. Payout
of  supplemental pension benefits  will be available  in the form  of a lump sum
payment. To date, no payments have been made to the trust.

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