SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    FORM 8-K
                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): March 17, 2000

 Commission              Exact name of registrant             IRS Employer
 File Number            as specified in its charter         Identification No.
 -----------           ----------------------------         ------------------

 1-12869               CONSTELLATION ENERGY GROUP, INC.            52-1964611

 1-1910               BALTIMORE GAS AND ELECTRIC COMPANY           52-0280210



                                    Maryland
                       -----------------------------------
       (State or other jurisdiction of incorporation for each registrant)


                 250 W. Pratt Street, Baltimore, Maryland            21201
   --------------------------------------------------------------- ----------
               (Address of principal executive offices)             (Zip Code)


       Registrants' telephone number, including area code: (410) 234-5000

                                 Not Applicable
         ---------------------------------------------------------------
          (Former name or former address, if changed since last report)


                                       1
<PAGE>




ITEM 5.  Other Events
---------------------

Attached  to this  Current  Report on Form 8-K as  Exhibit 99 are 1999 pro forma
financial  statements for Baltimore Gas and Electric Company (BGE), a subsidiary
of Constellation Energy Group, Inc.  (Constellation  Energy). As a result of the
deregulation of BGE's electric  generation,  we expect BGE to transfer,  at book
value, certain generation assets and liabilities to nonregulated subsidiaries of
Constellation  Energy  no  earlier  than July 1,  2000 and upon  receipt  of all
regulatory approvals.  The pro forma financial statements and description of the
pro forma adjustments  presented in Exhibit 99 reflect these transfers and other
financial  impacts  surrounding the  deregulation  of BGE's electric  generation
business.


ITEM 7.  Financial Statements and Exhibits
------------------------------------------


   (c)      Exhibit No. 99    BGE 1999 Pro Forma Financial Statements -
                              Generation Asset Transfer.





                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of 1934,  each
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                         CONSTELLATION ENERGY GROUP, INC.
                                         --------------------------------
                                                    (Registrant)


                                         BALTIMORE GAS AND ELECTRIC COMPANY
                                         -----------------------------------
                                                    (Registrant)







Date:   March 17, 2000                              /s/ David A. Brune
        --------------                   ------------------------------------
                                David A. Brune, Vice President on behalf of each
                                Registrant and as Principal Financial Officer
                                of each Registrant



                                       2
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): March 17, 2000

 Commission              Exact name of registrant             IRS Employer
 File Number            as specified in its charter         Identification No.
 -----------           ----------------------------         ------------------

 1-12869               CONSTELLATION ENERGY GROUP, INC.            52-1964611

 1-1910               BALTIMORE GAS AND ELECTRIC COMPANY           52-0280210

                                    Maryland
                       -----------------------------------
       (State or other jurisdiction of incorporation for each registrant)

                 250 W. Pratt Street, Baltimore, Maryland            21201
   --------------------------------------------------------------- ----------
               (Address of principal executive offices)             (Zip Code)

       Registrants' telephone number, including area code: (410) 234-5000

                                 Not Applicable
         ---------------------------------------------------------------
          (Former name or former address, if changed since last report)

                                       1
ITEM 5.  Other Events
---------------------

Attached  to this  Current  Report on Form 8-K as  Exhibit 99 are 1999 pro forma
financial  statements for Baltimore Gas and Electric Company (BGE), a subsidiary
of Constellation Energy Group, Inc.  (Constellation  Energy). As a result of the
deregulation of BGE's electric  generation,  we expect BGE to transfer,  at book
value, certain generation assets and liabilities to nonregulated subsidiaries of
Constellation  Energy  no  earlier  than July 1,  2000 and upon  receipt  of all
regulatory approvals.  The pro forma financial statements and description of the
pro forma adjustments  presented in Exhibit 99 reflect these transfers and other
financial  impacts  surrounding the  deregulation  of BGE's electric  generation
business.

ITEM 7.  Financial Statements and Exhibits
------------------------------------------

   (c)      Exhibit No. 99    BGE 1999 Pro Forma Financial Statements -
                              Generation Asset Transfer.

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of 1934,  each
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                         CONSTELLATION ENERGY GROUP, INC.
                                         --------------------------------
                                                    (Registrant)

                                         BALTIMORE GAS AND ELECTRIC COMPANY
                                         -----------------------------------
                                                    (Registrant)

Date:   March 17, 2000                              /s/ David A. Brune
        --------------                   ------------------------------------
                                David A. Brune, Vice President on behalf of each
                                Registrant and as Principal Financial Officer
                                of each Registrant

                                       2