Squeezed between revenue shortfalls resulting from deregulation of the power industry in Maryland and escalating capital spending and debt servicing needs, Baltimore Gas & Electric is planning a $635 million deferred energy balance ABS deal.

The electric company is pushing to complete its securitization deal by March 2007, unusual timing for an asset class wherein deals can take up to a year to price. The company filed its initial application on Nov. 3, and the commission, by state law, must make a decision on the plan by Jan. 2.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.