Baltimore Gas and Electric Company - Power Plants and SWOT Analysis

 Published On: Aug, 2016 |    No of Pages: 102 |  Published By: GlobalData | Format: PDF
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Summary

The report contains a detailed description of the power generation company’s business operations, history, corporate strategy, and business structure. This report contains a detailed SWOT analysis, information on key employees (executives), and major products and services.

Scope

- Major Power Plants (assets) - summarized and detailed information about the power plants (assets).
- Operational Metrics (capacity, generation, revenue, sales, number of consumers).
- Business description - A detailed description of the company’s operations and business divisions.
- Corporate strategy - GlobalData’s summarization of the company’s business strategy.
- SWOT analysis - A detailed analysis of the company’s strengths, weakness, opportunities and threats.
- Company history - Progression of key events associated with the company.
- Major products and services - A list of major products, services and brands
- Key employees - A list of the key executives and personnel heading key departments/functions.
- Executive biographies - A brief summary of the executives’ employment history.
- Financial deals - Coverage of key financial deals from 2006 onwards, depending upon information availability
- Important locations and subsidiaries - A list of key locations and subsidiaries of the company, including contact details.

* Note: Some sections may be missing if data is unavailable for the company.

Reasons to buy

- Gain key insights into the company for academic or business research purposes. Key elements such as SWOT analysis, corporate strategy and major products and services are incorporated in the profile to assist in various business decisions (M&A and JV).
- Identify potential customers and suppliers with this report’s analysis of the company’s business structure, operations, major products and services and business strategy.
- Understand and respond to competitors’ business structure and strategies with GlobalData’s detailed SWOT analysis. In this, the company’s core strengths, weaknesses, opportunities and threats are analyzed, providing an up to date objective view of the company.

Table of Contents
Table of Contents 2
List of Tables 6
Company Snapshot 7
Key Information 7
Company Overview 7
SWOT Snapshot 7
Operational Metrics 8
Baltimore Gas and Electric Company, Operational Metrics, By Capacity 8
Baltimore Gas and Electric Company, Operational Metrics, By Transmission 8
Baltimore Gas and Electric Company, Operational Metrics, By Distribution 8
Baltimore Gas and Electric Company, Operational Metrics, By Customers 8
Baltimore Gas and Electric Company, Operational Metrics, By Segmental Information 9
Baltimore Gas and Electric Company, Operational Metrics, By Sales 10
Baltimore Gas and Electric Company, Solar PV Parks 11
Baltimore Gas and Electric Company, Solar PV Parks, United States 11
Business Description 12
Business Overview 12
Major Products and Services 13
History 14
SWOT Analysis 18
Overview 18
Baltimore Gas and Electric Company Strengths 18
Wide Customer Base 18
Business Performance: Electricity Distribution 18
Leading Market Position: Maryland 18
Baltimore Gas and Electric Company Weaknesses 19
Decline in Net Working Capital 19
Baltimore Gas and Electric Company Opportunities 19
Positive US Electricity Market 19
Growing Demand for Natural Gas: the US 19
Strategic Initiatives 19
Baltimore Gas and Electric Company Threats 19
Seasonal Variations and Climatic Conditions 19
Theft of Electricity 20
Operational Issues 20
Transmission and Distribution Network Security 20
Financial Ratios - Capital Market Ratios 21
Financial Ratios - Annual Ratios 22
Financial Ratios - Interim Ratios 23
Key Employees 24
Key Employee Biographies 25
Company Statement 26
Locations And Subsidiaries 28
Head Office 28
Financial Deals Landscape 29
Baltimore Gas and Electric Company, Deals Summary 29
Baltimore Gas and Electric Company, Power, Deal Details 30
Debt Offering 30
Baltimore Gas and Electric Completes Public Offering Of 3.35% Notes Due 2023 For US$300 Million 30
Baltimore Gas and Electric Completes Public Offering Of 2.8% Notes Due 2022 For US$250 Million 32
Baltimore Gas and Electric Completes Public Offering Of 3.5% Notes Due 2021 For US$300 Million 34
Recent Developments 36
Baltimore Gas and Electric Company - Recent Developments 36
Sep 08, 2011: Champion Energy Receives Approval To Supply Electricity In Maryland 36
Aug 23, 2010: BGE And Pepco Receive Approval To Install Smart Meters In Washington 36
Dec 01, 2015: BGE to Collaborate with Power52 to Increase Access to Solar Energy for Low Income Customers 36
Dec 12, 2014: BGE Teams Up with the Baltimore Ravens and Green Street Academy to Support ‘Recycling with the Ravens’ and GamePlanEarth at this Sunday’s Ravens Home Game 37
Sep 27, 2013: Baltimore Gas and Electric Company Signs Agreement with U.S. Department of Labor, Office of Federal Contract Compliance Programs 37
Jan 23, 2013: GRIDiant And BGE Establish Joint Technology Agreement On Fault Circuit Indicator Software 38
Apr 05, 2011: Stream Energy Commences Operations In Pepco Service Area Of Maryland Electricity Market 38
Mar 07, 2011: Stream Energy Announces Expansion Into Maryland Electricity Market 38
Sep 20, 2010: BGE Teams With Accenture And Oracle For Smart Meter Implementation Throughout Central Maryland 39
Jun 07, 2010: Direct Energy Expands Service In BGE Territory 39
Nov 04, 2013: Baltimore Gas and Electric Company Declares Quarterly Preference Dividends 40
Aug 28, 2013: Baltimore Gas and Electric Company Declares Quarterly Preference Dividends 40
Jun 07, 2016: BGE’s Smart Energy Economic Development Program Results In Up To 1,100 Planned Jobs 40
May 26, 2016: BGE Continues To Accelerate Modernization Of Natural Gas Infrastructure Through Its STRIDE Program 40
May 25, 2016: Duration of Power Outages Decreasing Due to BGE Electric System Upgrades 41
May 12, 2016: BGE Smart Energy Savers Program Rebate Aids Columbia Association Installation of Energy-Efficient Combined Heat and Power Unit 42
Apr 22, 2016: BGE Announces Key Senior Leadership Appointments 42
Apr 08, 2016: BGE Announces Key Executive Appointments in Regulatory and External Affairs 43
Mar 31, 2016: BGE Green Grants Program Opens April 1 for 2016 Applications 43
Mar 28, 2016: BGE Continues to Invest in Tree Trimming and Vegetation Management to Help Ensure Reliable Electric Service for Customers 44
Mar 09, 2016: BGE Launches Program to Protect Ospreys and Electric Service Reliability 44
Mar 08, 2016: BGE Inspecting 38,500 Poles in 2016 to Ensure Reliable Electric Service 44
Dec 18, 2015: BGE Proposes Testing Microgrids at Two Maryland Locations 45
Nov 24, 2015: PSC Orders BGE to Reduce Smart Meter Opt-Out Charge 45
Nov 06, 2015: BGE Completes Smart Grid Project; Savings Will Exceed One and a Half Billion Dollars 46
Oct 27, 2015: Exelon Secures Credit Agreements With 28 Minority and Community Banks in Program's Thirteenth Year 47
Oct 01, 2015: Florida Power & Light Company sends crews to Baltimore to support anticipated power restoration efforts from Hurricane Joaquin 47
Sep 11, 2015: Maryland Utilities Issue Request for Proposals for the Supply of Wholesale Electric Power 48
Aug 28, 2015: BGE Announces Major Milestone in Residential Energy Efficiency 48
Jun 22, 2015: BGE to Launch First Energy Savings Day of the Summer Tomorrow to Help Customers Save on Summer Energy Bills 49
Jun 16, 2015: June is National Safety Month and BGE Offers Tips to Help Customers and Local Contractors Stay Safe around Electric and Gas Facilities and Work Zones 49
May 21, 2015: BGE Reminds Customers to Celebrate Graduations Safely by Securing Mylar Balloons Away from Power Lines 50
May 13, 2015: BGE Prepares for Summer and Provides Customers with Tips to Beat the Heat 50
Apr 02, 2015: BGE Names Rob Biagiotti New Chief Customer Officer 51
Mar 19, 2015: BGE Encourages Customers to Kick Off Spring Cleaning with a $50 Reward for Recycling Old Appliances through the BGE Smart Energy Savers Program 52
Feb 24, 2015: BGE, CPower, Tetra Tech, General Microgrids, Innovari, OhmConnect, and DVI join the Association for DR & Smart Grid 52
Feb 23, 2015: BGE Offers Billing Options to Customers Managing Higher-than-Normal Bills in Response to Spikes in Energy Usage as a Result of Record Cold Temperatures 53
Feb 11, 2015: utiliVisor to Provide Energy Services for BGE’s Smart Energy Savers Program in Maryland 55
Feb 11, 2015: BGE Reminds Customers to Shop Maryland’s Upcoming Tax-Free Weekend, Shop Maryland Energy, to Save on New ENERGY STAR Certified Products 55
Jan 14, 2015: BGE Presents $30,000 to Eleven Schools Across Central Maryland for Their Renditions of the Original Emmy Award Winning BGE ‘Wires Down’ Commercial through its Third Annual Wires Down Video Challenge 56
Jan 06, 2015: BGE Prepared for Consecutive Days of Frigid Temperatures and Provides Customers with Tips for Saving Energy Even During Extremely Cold Weather 57
Dec 15, 2014: BGE Provides 360 Energy Saving Trees to Baltimore City through the Arbor Day Foundation to Promote Energy Efficiency and Make a Positive Impact on the Environment and the Chesapeake Bay Watershed 58
Dec 15, 2014: BGE Provides 360 Energy Saving Trees to Baltimore City through the Arbor Day Foundation to Promote Energy Efficiency 59
Nov 26, 2014: BGE Provides Customers with Important Safety Tips on Holiday Lighting and Winter Fire Prevention 59
Nov 04, 2014: BGE Encourages Customers to Prepare Homes and Businesses for Winter Months and Provides Important Energy Saving Tips for Cold Weather 61
Oct 14, 2014: BGE Celebrates National Hispanic Heritage Month in Support of Diverse and Inclusive Communities, Customers and Employees 63
Sep 15, 2014: BGE Congratulates Customers on Achieving Significant Energy Savings Milestones of $2 Billion in Savings through the BGE Smart Energy Savers Program 64
Sep 05, 2014: MD Utilities Issue RFP for Wholesale Electric Power 65
Sep 02, 2014: Baltimore Gas and Electric Selects OSI Technology for Advanced Distribution Volt/VAR Control Solution 65
Aug 28, 2014: BGE Reminds Customers Shopping Labor Day Weekend Sales to Double Savings on New ENERGY STAR Certified Appliances with Rebates through the BGE Smart Energy Savers Program 66
Jul 29, 2014: BGE Customers Receive More Than $2.5 Million in Credits During the Company’s First Energy Savings Day of the Summer 66
Jul 02, 2014: BGE Files to Adjust Electric and Gas Distribution Rates 67
Jun 11, 2014: Nordic Energy Expands Service into Maryland plus 9 More States in 2014 68
May 15, 2014: BGE to use helicopter to replace overhead power lines in US 68
May 13, 2014: Baltimore Gas and Electric Deploys C3 Energy Smart Grid Analytics 68
Apr 17, 2014: BGE and Towson University Team Up for Significant Energy Efficiency Savings of more than 8.2 million kWh and $1 Million in Annual Energy Costs Savings 69
Apr 07, 2014: BGE to Upgrade Natural Gas Main Along Wilkens Ave. in Catonsville 70
Mar 19, 2014: BGE Begins Route 27 Natural Gas Reinforcement Project 71
Mar 05, 2014: BGE Announces Key Appointments in Regulatory and External Affairs 71
Feb 28, 2014: BGE Ready to Implement Maryland Public Service Commission Order on Smart Meter Opt Out and Fees 71
Feb 26, 2014: Maryland PSC Establishes Smart Meter Opt-Out Fees 72
Feb 12, 2014: BGE President and Chief Executive Officer Ken DeFontes Announces Retirement 72
Jan 29, 2014: Maryland PSC Conditionally Approves BGE's Plan to Modernize Gas Distribution Infrastructure 73
Jan 27, 2014: BGE Begins Improvements to Electric Transmission System in Northeastern Maryland 74
Jan 23, 2014: PJM Asks Consumers In BGE And Pepco Regions To Conserve Electricity 74
Sep 05, 2013: BGE Smart Energy Savers Program Receives Approval for Additional Funding for Combined Heat and Power Projects 74
Aug 09, 2013: BGE To Start Smart Meters Installation In Carroll County In October 2013 75
Aug 02, 2013: BGE Company Files Plan to Accelerate the Modernization of Natural Gas Infrastructure 75
Jul 26, 2013: BGE Invests More Than $15 Million in Customer Reliability Through Pole Inspection and Treatment Program in 2013 76
Jun 04, 2013: Dynamic Energy Completes Two Maryland Solar Projects For Estes Express Lines 76
May 17, 2013: BGE Files To Adjust Electric And Natural Gas Distribution Base Rates 76
Apr 01, 2013: BGE To Install Natural Gas Main Upgrade In Howard County, US 77
Mar 01, 2013: Delaware PSC Joins FERC Transmission Rate Complaint Against BGE And Pepco Holdings Affiliates 78
Feb 27, 2013: Maryland PSC Orders Utilities To Improve Resiliency And Reliability Of Electric Utility Distribution Infrastructure 78
Feb 22, 2013: Maryland PSC Grants Partial Rate Increase To BGE 79
Oct 25, 2012: BGE Works To Improve Electric Reliability In Baltimore County Communities 79
Oct 01, 2012: BGE Announces Support For Second Phase Of Green Button Initiative 80
Sep 07, 2012: Maryland Utilities Issue Request For Proposals For Supply Of Wholesale Electric Power 80
Jul 12, 2012: GridSense Unveils New Application For Volt/VAR Control Monitoring 81
May 24, 2012: Maryland PSC Allows Customers To Defer Smart Meters Installations 81
Apr 20, 2012: BGE To Begin Providing Residential Customers With Exelon Rate Credit In May 2012 81
Apr 12, 2012: Maryland PSC Orders New Natural Gas-fired Power Generation 82
Mar 22, 2012: US Government Announces New Commitments Of Nine Companies To Give 15 Million Households Tools To Shrink Their Energy Bills 82
Mar 18, 2012: BG&E To Install Smart Meters In Maryland 84
Feb 06, 2012: PPL EnergyPlus Expands Energy Supply Choice In Maryland 84
Aug 23, 2011: BGE Issues Statement Following Earthquake Felt In Central Maryland 84
Aug 15, 2011: BGE Outlines Details Of Electric Service Reliability Project For Residents Of Forest Hill, Maryland 84
Apr 26, 2011: BGE’s Residential Electric Customers Can Expect Decline In Commodity Portion Of Bill 84
Mar 14, 2011: BGE's Customers Continue To Support BGE Smart Energy Savers Program 85
Mar 07, 2011: BGE Appoints Jeannette M. Mills As Chief Customer Officer 86
Feb 27, 2011: BGE Restores Electric Service To Over 93,000 Customers 87
Jan 25, 2011: BGE Residential Customers Reach New Milestone Of Over 200,000 Purchasing Power From Third-Party Energy Suppliers 87
Nov 04, 2010: Baltimore Gas and Electric Company Announces End Of Federally-Funded Rebates On Energy Efficient Appliances 87
Oct 29, 2010: BGE Customers Can Expect Further Significant Decreases In Total Electric Bills 88
Oct 19, 2010: BGE Announces Tour Of Government Agencies In Sections Of Its 230kV And 500kV Transmission Lines In Howard And Anne Arundel Counties, US 88
Sep 29, 2010: BGE Preparing For Likely Power Outages Associated With Approaching Weather System 89
Aug 16, 2010: BGE To Proceed With Smart Grid Implementation 89
Aug 09, 2010: BGE Teams Up With Baltimore Ravens To Promote PeakRewards Program 90
Aug 05, 2010: BGE Encourages Customers To Take Advantage Of Expanded Rebate Program For Energy Efficient Appliances And Heating And Cooling Systems 90
Jul 12, 2010: BGE Requests Rehearing Of Smart Grid Proposal 90
Jun 21, 2010: BGE’s Smart Grid Proposal Denied By State Regulators 91
May 27, 2010: BGE Prepares For Possible Power Outages In Central Maryland Service Area, US 91
May 10, 2010: PJM And 12 Transmission Owners Install More Than 80 Phasor Measurement Units Across North America 91
May 07, 2010: BGE Files Electric Distribution Rate Adjustment With Maryland PSC 92
Jan 27, 2010: BGE Launches Multiyear PHEV Demonstration Project Using GridPoint’s Smart Charging Software 93
Oct 05, 2009: BGE's Residential Natural Gas Customers Can Anticipate About 25% Reduction In Winter Heating Bills 93
Jul 13, 2009: BGE Files Smart Grid Initiative With Maryland PSC 94
Feb 09, 2015: U.S. Investor Owned Utilities Choose Silver Spring for Networked Street Lights 95
Oct 27, 2014: ICF International Awarded Three New Contracts with Combined Capacity of up to $61 Million from Baltimore Gas & Electric 95
Sep 02, 2014: Baltimore Gas and Electric Selects OSI Technology for Advanced Distribution Volt/VAR Control Solution 96
Jan 29, 2014: Baltimore Gas and Electric Selects C3 Energy Smart Grid Analytics 96
Oct 07, 2011: Maryland Utilities Issue RFPs For Generation Capacity Resources Under Long-term Contract 97
Sep 21, 2011: ICF International Wins Contracts From BGE To Provide Services For Energy Efficiency Programs 97
Sep 09, 2011: Maryland Utilities Issue RFPs For Supply Of Wholesale Electric Power 98
Apr 07, 2011: OPOWER To Provide ACE Platform To BGE For Smart Meter Rollout 98
Sep 08, 2010: Maryland Utilities In US Issue Request For Proposals For Supply Of Wholesale Electric Power 99
Sep 01, 2010: Silver Spring Signs Definitive Agreement With BGE For Smart Grid Initiative 99
Apr 22, 2008: BGE Selects Accenture To Assist With Rollout Of Its Smart Energy Savers Program 100
Appendix 101
Report Scope 101
GlobalData Coverage 101
Benchmarking 101
GlobalData’s Methodology 101
Secondary Research 101
Primary Research 101
Contact Us 102
Disclaimer 102

List of Tables
Baltimore Gas and Electric Company, Key Facts 7
Baltimore Gas and Electric Company, Operational Metrics, Capacity 8
Baltimore Gas and Electric Company, Operational Metrics, Transmission 8
Baltimore Gas and Electric Company, Operational Metrics, Distribution 8
Baltimore Gas and Electric Company, Operational Metrics, Customers 8
Baltimore Gas and Electric Company, Operational Metrics, Segmental Information 9
Baltimore Gas and Electric Company, Operational Metrics, Sales 10
Baltimore Gas and Electric Company, Solar PV Parks, United States 11
Major Products and Services 13
Baltimore Gas and Electric Company, SWOT Analysis 18
Baltimore Gas and Electric Company, Ratios based on current share price 21
Baltimore Gas and Electric Company, Annual Ratios 22
Baltimore Gas and Electric Company, Interim Ratios 23
Baltimore Gas and Electric Company, Key Employees 24
Baltimore Gas and Electric Company, Deals Summary 29
Baltimore Gas and Electric Completes Public Offering Of 3.35% Notes Due 2023 For US$300 Million 30
Baltimore Gas and Electric Completes Public Offering Of 2.8% Notes Due 2022 For US$250 Million 32
Baltimore Gas and Electric Completes Public Offering Of 3.5% Notes Due 2021 For US$300 Million 34


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