Taxes Other Than Income Taxes

6 Months Ended

Jun. 30, 2011

Taxes Other Than Income Taxes

Taxes Other Than Income Taxes

Taxes Other Than Income Taxes

Taxes other than income taxes primarily include property and gross receipts taxes along with franchise taxes and other non-income taxes, surcharges, and fees.

        BGE and our NewEnergy operations collect certain taxes from customers such as sales and gross receipts taxes, along with other taxes, surcharges, and fees that are levied by state or local governments on the sale or distribution of gas and electricity. Some of these taxes are imposed on the customer and others are imposed on BGE and our NewEnergy business. Where these taxes, such as sales taxes, are imposed on the customer, we account for these taxes on a net basis with no impact to our Consolidated Statements of Income. However, where these taxes, such as gross receipts taxes or other surcharges or fees, are imposed on BGE or our NewEnergy business, we account for these taxes on a gross basis. Accordingly, we recognize revenues for these taxes collected from customers along with an offsetting tax expense, which are both included in our and BGE's Consolidated Statements of Income. The taxes, surcharges, or fees that are included in revenues were as follows:

	Quarter Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
	(In millions)
Constellation Energy (including BGE)	$	35.5	$	30.5	$	70.2	$	61.5
BGE		19.6		19.3		42.6		41.2