Exhibit 10(k)


                                     FORM OF
                        AMENDMENT TO SEVERANCE AGREEMENTS
                   BETWEEN BALTIMORE GAS AND ELECTRIC COMPANY
                             AND EIGHT KEY EMPLOYEES


         AMENDMENT authorized by the Board of Directors of Baltimore Gas and
Electric Company (the "Board"), to the Severance Agreement made the [ ] day of [
], by and between Baltimore Gas and Electric Company (the "Company") and
[EMPLOYEE NAME]("Agreement").

                              W I T N E S S E T H:

         WHEREAS, Section 8 of the Agreement gives the Board the authority to
make certain amendments to the Agreement.

         WHEREAS, the Agreement is being amended to modify the benefits provided
thereunder.

         NOW, THEREFORE, the Agreement is amended effective January 15, 1999 by
the Board as authorized at its January 15, 1999 meeting as follows:

         1. Section 2(a) is deleted and replaced with the following:

                  "(a) Severance Payment. The Company shall pay to the Executive
         an amount equal to two times the Executive's annual base salary (as in
         effect on the date of the Qualifying Termination, not reduced by any
         reduction described in Section 1.6(b) above) and Annual Award Amount.
         The payment shall be made in twenty-four equal monthly installments
         beginning on the first day of the month following the Qualifying
         Termination."

         2. Section 2(b) is deleted and replaced with the following:

                  "(b) Supplemental Retirement Benefits. For purposes of
         determining the Executive's supplemental retirement benefits which the
         Executive is entitled to under the Company's Executive Benefits Plan
         (or the supplemental retirement plan maintained by a successor

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         company), (i) the Executive's age shall be deemed equal to the greater
         of (A) age 55 or (B) the Executive's actual age, (ii) the Executive's
         service shall be deemed equal to the greater of (A) 10 or (B) the
         Executive's actual service plus 3, and (iii) any minimum service
         eligibility requirements for such benefits shall be waived."

         3. Section 2(c) is renamed Section 2(d).

         4. New Section 2(c) is added as follows:

                  "(d) Severance Health Benefits. The Company shall provide to
         the Executive and the Executive's family medical and dental benefits on
         the same basis and on the same terms as any retiree who has attained
         the deemed age and service used to compute supplemental retirement
         benefits in Section 2(b) above."


         5. Section 3(b) is deleted and replaced with the following:

                  "(b) Supplemental Retirement Benefits. For purposes of
         determining the Executive's supplemental retirement benefits which the
         Executive is entitled to under the Company's Executive Benefits Plan
         (or the supplemental retirement plan maintained by a successor
         company), (i) the Executive's service shall be deemed equal to the
         greater of (A) 10 or (B) the Executive's actual service, and (ii) the
         Early Retirement Adjustment Factor (as such term is defined in the
         Company's Pension Plan or within the meaning of the tax qualified
         retirement plan maintained by a successor company) will be one (1)."


                                    Amendment Acknowledged:

                                    Baltimore Gas and Electric Company


                                    By:  _____________________________


                                    ----------------------------------
                                    [EMPLOYEE NAME]