Baltimore Gas & Electric Co (BGE), founded in 1816 and headquartered in Baltimore, Maryland, serves as one of the oldest utility companies in the United States, providing essential energy services to residential and commercial customers in the region. The company primarily offers electricity and natural gas distribution services, ensuring reliable access to energy for its patrons while also facilitating energy efficiency programs and renewable energy initiatives.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
BGE commenced its bond issuance program in the late 20th century, becoming an essential player in the municipal bond market. Noteworthy issuances include their $200 million bond offering in 2017, aimed at funding infrastructure improvements, which carried a 4% coupon rate. Currently, BGE's bonds yield around 2.5%, aligning closely with industry averages while offering investors the security of a well-established utility. Recent news highlights BGE's commitment to sustainability, reflected in its innovative green bond offerings, which fund environmentally-friendly projects.