For Immediate Release
BALTIMORE (May 9, 2018) – BGE purchased $283 million in goods and services from diversity-certified suppliers in 2017, which equates to 29 percent of total purchases. This is an increase of $26 million over the amount spent in 2016.
"Engaging with diverse suppliers and contractors enhances our ability to serve our customers and strengthens our community. The growth in our spending with these companies shows our commitment to both," said Calvin G. Butler Jr., chief executive officer for BGE. "As we've expanded our network of suppliers, we have also recorded our best performance in reliability, safety, financials and customer satisfaction. This shows it's an investment worth making."
In 2009, BGE voluntarily committed to the Maryland Public Service Commission (PSC) to allocate 25 percent of company spending with diverse suppliers. To help meet this goal, BGE created the Focus Forward supplier diversity academy to educate small businesses on how to navigate large business processes and competitively bid for contract opportunities. Since its launch in 2013, 29 companies have completed the program and 13 more are currently enrolled.
BGE is sharing the Focus Forward program with its BLocal partners to help them meet their commitments to build, hire, buy and invest in Baltimore City. Maryland businesses accounted for $78 million of BGE's diverse spending.
Exelon also enables businesses to register with the company and include pertinent information, including their diversity status. To be considered as a supplier, companies can access the SMART by GEP tool via http://www.exeloncorp.com/suppliers.
BGE, founded in 1816 as the nation's first gas utility, is Maryland's largest natural gas and electric utility. Headquartered in Baltimore, BGE delivers power to more than 1.25 million electric customers and more than 650,000 natural gas customers in central Maryland. The company's approximately 3,200 employees are committed to the safe and reliable delivery of natural gas and electricity, as well as enhanced energy management, conservation, environmental stewardship and community assistance. The company also has an estimated annual economic impact of $5 billion of output in its service area, supporting more than 9,500 local jobs and producing $923 million in labor income. BGE is a subsidiary of Exelon Corporation (NYSE: EXC), the nation's leading competitive energy provider. Like us on Facebook and follow us on Twitter, YouTube and Flickr.