Filed Pursuant to Rule 424(b)(2)
                                     Registration File No. 33-45258

PRICING SUPPLEMENT NO. 31
Dated September 1, 1995 to Prospectus
dated February 11, 1993.



                BALTIMORE GAS AND ELECTRIC COMPANY

                           $200,000,000
                    Medium-Term Notes, Series C
          Due from 1 year to 30 years from Date of Issue
              (Interest Payable May 1 and November 1)
                                 
                                 
                                 
                                 
Principal Amount:                $14,000,000


Interest Rate:                   6.31%


Original Issue Date:             September 6, 1995


Stated Maturity:                 December 1, 1998


Initial redemption date
  (if any):                      None


Price to Public:                 $14,000,000


Agent's Commission:              $49,000


Net Proceeds to Company:         $13,951,000





      This Pricing Supplement relates to the original issuance  and
sale  by Baltimore Gas and Electric Company (the "Company") of  the
Medium-Term  Notes,  Series  C,  described  herein  through  Lehman
Brothers or The First Boston Corporation, as agents.

      Medium-Term Notes, Series C, may be issued under Registration
File  No.  33-45258 by the Company in a principal amount of  up  to
$200,000,000  in  gross  proceeds  and,  to  date,  including  this
offering,  an  aggregate of $200,000,000  has  been  issued.   This
completes the sale of Medium-Term Notes, Series C.