Who Owns Baltimore Gas and Electric?
Baltimore Gas and Electric (BGE) is owned by Exelon Corporation, a publicly traded American electric utility holding company. BGE operates as Exelon's primary subsidiary in Maryland, providing electricity to over 1.25 million customers and natural gas to over 650,000 customers. The company is headquartered in Baltimore, Maryland.
Parent Company
Exelon Corporation
Acquired
1999
Status
Private
Headquarters
Baltimore, Maryland, USA
Who Owns Baltimore Gas and Electric?
- Parent Company: Exelon Corporation
- Ownership Type: Subsidiary
- Acquisition Year: 1999
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: EXC
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Baltimore Gas and Electric | Exelon Corporation | Subsidiary |
History of Baltimore Gas and Electric
- Founded: 1816
- Founders: Baltimore Gas and Electric Company (internal development)
- Acquired by Exelon Corporation: 1999
Baltimore Gas and Electric Company was founded in 1816, making it one of the oldest utility companies in the United States. The company grew to become a major electric and natural gas utility serving the Baltimore metropolitan area and central Maryland.
BGE operated as an independent utility for much of its history before becoming part of Constellation Energy Group. In 2012, Exelon acquired Constellation Energy Group, bringing BGE into the Exelon family of utilities. This acquisition significantly expanded Exelon's presence in the Mid-Atlantic region.
Under Exelon's ownership, BGE has invested substantially in infrastructure modernisation, grid reliability improvements, and customer service enhancements. The company has implemented advanced metering infrastructure, smart grid technology, and distribution automation systems. BGE continues to support the clean energy transition through investments in renewable energy integration, energy efficiency programs, and electric vehicle charging infrastructure.
About Exelon Corporation
Exelon Corporation is an American electric utility holding company that operates through six regulated utility subsidiaries serving customers across the eastern and midwestern United States. The company is recognized as an industry leader with best-in-class operations, achieving top quartile or better performance in customer satisfaction, reduced outage frequency, and faster service restoration.
The company operates in the regulated utility business, providing electricity and natural gas services to residential, commercial, and industrial customers. Exelon's utilities serve over 10 million customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey, Washington, D.C., and surrounding regions.
Exelon employs approximately 34,000 people and maintains a strong focus on infrastructure investment, grid modernisation, and reliable energy delivery. The company is committed to supporting the clean energy transition and has made significant investments in renewable energy infrastructure and grid technology.
- Founded: 2000
- Headquarters: Chicago, Illinois, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: EXC
Where Is Baltimore Gas and Electric Made / Based?
- Headquarters: Baltimore, Maryland, USA
- Manufacturing / Operations: United States
Brands Owned by Exelon Corporation
- Atlantic City Electric - New Jersey-based electric utility company serving hundreds of thousands of custo...
- ComEd - Illinois-based electric utility company serving millions of customers in norther...
- Delmarva Power - Delaware and Maryland-based electric and natural gas utility company serving hun...
- PECO Energy Company - Pennsylvania-based electric and natural gas utility company serving millions of ...
- Pepco - Washington, D.C. and Maryland-based electric utility company serving hundreds of...
Baltimore Gas and Electric Ownership: Pros & Cons
Advantages
- +Access to Exelon's financial resources and operational expertise
- +Investment in infrastructure modernisation and grid reliability improvements
- +Integration with largest regulated utility company in the United States
- +Strong focus on customer service and operational excellence
- +Support for clean energy transition and renewable energy integration
- +Operational stability backed by Exelon's financial strength and experience
Considerations
- -Regulatory oversight from Maryland Public Service Commission
- -Dependency on parent company strategic decisions and capital allocation
- -Integration challenges managing Maryland-specific market conditions and regulations
- -Environmental compliance requirements across service territory
- -Exposure to weather-related impacts on customer demand and operations
- -Rate regulation limiting pricing flexibility
- -Political and regulatory risk in Maryland
Frequently Asked Questions About Baltimore Gas and Electric
Competitors to Baltimore Gas and Electric
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Southern Company | USA | 1906 | Mass Market | North America | All Genders | |
| Dte Energy | USA | 1903 | Mass Market | North America | All Genders | |
| Engie | Belgium | 1905 | Mass Market | Global | All Genders | |
| Southern Company | USA | 1902 | Mass Market | North America | All Genders | |
| Southern Company | USA | 1910 | Mass Market | North America | All Genders | |
| Southern Company | USA | 2001 | Mass Market | North America | All Genders |
Learn More About Competitors
Alabama Power
Owned by Southern Company
Alabama-based electric utility company serving millions of customers across the state, owned by Southern Company.
DTE Electric
Owned by DTE Energy Company
Michigan-based electric utility company serving millions of customers in Southeast Michigan and the thumb region, owned by DTE Energy Company.
Electrabel
Owned by ENGIE
Belgium-based electricity generation and supply company serving millions of customers, owned by ENGIE.
Georgia Power
Owned by Southern Company
Georgia-based electric utility company serving millions of customers across the state, owned by Southern Company.
Mississippi Power
Owned by Southern Company
Mississippi-based electric utility company serving customers along the Gulf Coast, owned by Southern Company.
Southern Power
Owned by Southern Company
Wholesale power generation company serving utilities and municipalities across the United States, owned by Southern Company.
Competitive Analysis
Market Positioning: Baltimore Gas and Electric competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Exelon Corporation Stock Information
Jobs at Exelon Corporation
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