Filed Pursuant to Rule 424(b)(2)
                                Registration File No 33-61297

PRICING SUPPLEMENT NO. 3
Dated December 6, 1995 to
Prospectus dated September 8, 1995.



               BALTIMORE GAS AND ELECTRIC COMPANY

                          $225,000,000
                   Medium-Term Notes, Series D
         Due from 1 year to 30 years from Date of Issue
             (Interest Payable May 1 and November 1)
                                
                                
                                
Principal
Amount:                           $10,000,000

Interest
Rate:                                   6.25%

Original
Issue Date:                           12/8/95

Stated
Maturity:                           12/8/2005

Initial
Redemption
Date (if any):                           None

Price
to Public:                        $10,000,000

Agent's
Commission:                           $60,000

Net Proceeds
to Company:                        $9,940,000


     This Pricing Supplement relates to the original issuance and
sale by Baltimore Gas and Electric Company (the "Company") of the
Medium-Term  Notes,  Series D, described  herein  through  Lehman
Brothers or Goldman, Sachs & Co., as agents.

       Medium-Term   Notes,  Series  D,  may  be   issued   under
Registration Statement No. 33-61297 (which also serves  as  Post-
Effective Amendment No. 1 to Registration Statement No. 33-57704)
by  the  Company  in a principal amount of up to $225,000,000  in
gross  proceeds  and,  to  date,  including  this  offering,   an
aggregate of $28,000,000 has been issued.