BGE is Maryland’s largest natural gas and electric utility, and one of the 25 largest private employers in the state with approximately 3,200 employees. BGE delivers safe and reliable power to more than 1.25 million electric customers and more than 650,000 natural gas customers, across an economically and geographically diverse 2,300-square-mile area in central Maryland.
Labor Income: $1.1 Billion
Output: $5.4 Billion
State & Local Taxes: $532 Million
In its most recent study on BGE’s Economic Impact on the Service Area, the Economic Alliance of Greater Baltimore (EAGB) estimated BGE’s impact from General Operations to be nearly $5.4 billion of output, more than 11,200 jobs, and more than $1 billion in labor income. These estimates account for BGE’s direct economic contributions, as well as the indirect and induced economic activity. EAGB also found that BGE’s ongoing energy management programs and charitable giving have a positive economic impact on our communities.
Employment: 1,910 jobs
Labor Income: $111 million in labor income
Output: $463 million in output
State & Local Taxes: $20 Million
BGE generated an energy management savings for its customers of $175 million in the service area. Customers experienced more than 600,000 MWh of electricity savings equivalent to powering more than 50,000 homes for a year.
The total impacts of BGE’s dedication to customer energy management in the service area equates to 1,910 jobs, $111 million in labor income, and $463 million in output. For every dollar of savings that BGE passed on to customers through energy management programs within the service area, $2.65 of output was generated in the service area economy.
Charitable Giving: $5 Million
Labor Income: $2 Million
Output: $8 Million
State & Local Taxes: $297,000
Through BGE’s shareholder-funded charitable giving program, the company supports education, environmentalism, community development, and arts and culture programs. In addition to assistance to maintain existing programs and launch new programs, these funds support the internal operations of the recipient organizations, which generates economic benefit. $4.6 million of donations from BGE’s charitable giving program to recipient organizations within the service area supported $2 million in labor income and $8 million of output. For every dollar of giving within the service area, $1.72 of output was generated in the service area economy.
Learn more about BGE’s positive economic impact on Maryland through a recent analysis conducted by the Economic Alliance of Greater Baltimore.Key Findings | Full Impact Study
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