<TABLE> <S> <C>

<ARTICLE>                       UT
<LEGEND>

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BGE'S
CONSOLIDATED AUDITED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER
31, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.

</LEGEND>
<MULTIPLIER>                                                   1,000,000
       
<S>                                                            <C>
<PERIOD-TYPE>                                                  12-MOS
<FISCAL-YEAR-END>                                              DEC-31-1998
<PERIOD-START>                                                 JAN-01-1998
<PERIOD-END>                                                   DEC-31-1998
<BOOK-VALUE>                                                   PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                                      5,657
<OTHER-PROPERTY-AND-INVEST>                                    1,741
<TOTAL-CURRENT-ASSETS>                                         1,176
<TOTAL-DEFERRED-CHARGES>                                         621
<OTHER-ASSETS>                                                     0
<TOTAL-ASSETS>                                                 9,195
<COMMON>                                                       1,485
<CAPITAL-SURPLUS-PAID-IN>                                          0
<RETAINED-EARNINGS>                                            1,490
<TOTAL-COMMON-STOCKHOLDERS-EQ>                                 2,981
<PREFERRED-MANDATORY>                                              0
<PREFERRED>                                                      190
<LONG-TERM-DEBT-NET>                                           3,128
<SHORT-TERM-NOTES>                                                 0
<LONG-TERM-NOTES-PAYABLE>                                          0
<COMMERCIAL-PAPER-OBLIGATIONS>                                     0
<LONG-TERM-DEBT-CURRENT-PORT>                                    535
<PREFERRED-STOCK-CURRENT>                                          7
<CAPITAL-LEASE-OBLIGATIONS>                                        0
<LEASES-CURRENT>                                                   0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                                 2,354
<TOT-CAPITALIZATION-AND-LIAB>                                  9,195
<GROSS-OPERATING-REVENUE>                                      3,358
<INCOME-TAX-EXPENSE>                                             178
<OTHER-OPERATING-EXPENSES>                                     2,617
<TOTAL-OPERATING-EXPENSES>                                     2,795
<OPERATING-INCOME-LOSS>                                          563
<OTHER-INCOME-NET>                                                 6
<INCOME-BEFORE-INTEREST-EXPEN>                                   569
<TOTAL-INTEREST-EXPENSE>                                         241
<NET-INCOME>                                                     328
<PREFERRED-STOCK-DIVIDENDS>                                       22
<EARNINGS-AVAILABLE-FOR-COMM>                                    306
<COMMON-STOCK-DIVIDENDS>                                         246
<TOTAL-INTEREST-ON-BONDS>                                        248
<CASH-FLOW-OPERATIONS>                                           821
<EPS-PRIMARY>                                                   2.06
<EPS-DILUTED>                                                   2.06
        

</TABLE>