bge seed (smart energy for economic development) program

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1 BGE: Bringing Value to our Communities

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Page 1: BGE SEED (Smart Energy for Economic Development) Program

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BGE: Bringing Value to our Communities

Page 2: BGE SEED (Smart Energy for Economic Development) Program

The Leading Gas and Electric Provider in Maryland

Founded: 1816 — nation’s first gas utility and one of the first electric utilities

Employees: 3,200 Customers Served: 1.25 million+ electric

and 650,000+ gas customers Region: State of Maryland

– Electric service ~2,300 square miles– Gas service ~800 square miles

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BGE: At-a-Glance

Page 3: BGE SEED (Smart Energy for Economic Development) Program

BGE: A History of Safety, Reliability and Innovation 2016 marks 200 years of excellent

service, growth and innovation.– BGE supported and facilitated

Maryland’s growth into a national economic and educational leader.

– We continue to invest and innovate to meet the challenges of the next 200 years.

BGE is a subsidiary of Exelon Corporation, the nation’s leading competitive energy provider.

– Access to Exelon’s enterprise wide expertise

– Shares best practices with Exelon’s other utilities, PECO and ComEd

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Who We Are

Page 4: BGE SEED (Smart Energy for Economic Development) Program

Scale and Strength in Our Service Territories

Service area Electric Customers Gas Customers

Anne Arundel County 243,549 103,415

Baltimore City 266,090 204,509

Baltimore County 365,060 220,174

Calvert County 7,864 n/a

Carroll County 58,231 15,789

Cecil County n/a 585

Frederick County n/a 1,059

Harford County 102,625 46,425

Howard County 126,127 59,839

Montgomery County 13,900 46

Prince George’s County 82,541 7,680

Maryland’s largest provider of electricity, serving 1.25 million+ electric customers, and the nation’s first provider of gas.

Services Maryland’s Major Population Centers

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Who We Are

Page 5: BGE SEED (Smart Energy for Economic Development) Program

BGE and Economic Development History

Survey and Management

Development and

Construction

Engineering and Design

Page 6: BGE SEED (Smart Energy for Economic Development) Program

BGE and Economic Development Today

Thought Leadership

Charitable Contributions

Site Development

Energy Efficiency Consultation

Project Management

Supplier Diversity

VolunteerismWorkforce Development

Page 7: BGE SEED (Smart Energy for Economic Development) Program

Economic Impact

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$3.8BILLIONBGE’s general operations produces an impressive economic output in the Greater Baltimore region.

$1B I L L I O N

Each year, BGE purchase material and services such as gas pipes, wire, poles, office supplies, safety equipment, janitorial services and more.

1:2

For every one full-time job BGE employs, another two indirect jobs are supported

10,000Through hiring and vendor & contract spending, BGE’s job sustainability support is significant.

$79 MILLIONBGE customers achieved key savings through our Smart Energy Savers program

1 1.53More than $3.5 MILLION was provided to charity in 2014. Every dollar contributed created another 53 cents for not profits.

25,000 HOURSBGE volunteers donated labor hours to countless charities

Page 8: BGE SEED (Smart Energy for Economic Development) Program

BGE supports Maryland’s economic development communities by:– Providing programs, services and the Smart Energy for

Economic Development (SEED) incentive to encourage eligible employers to keep, expand or launch new operations

BGE’s investments to strengthen our systems financially impact the region

– Spent more than $831.8 million in the region in 2015

More than $300 million paid in annual employee wages and benefits

Maryland and Maryland jurisdictional taxes in 2015 included:– > $294 million in non-pass through taxes, including nearly

$123 million in property tax

Helping Maryland’s Economy Thrive and Grow

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A Driver of Maryland’s Economic Growth

Page 9: BGE SEED (Smart Energy for Economic Development) Program

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Increased Employment

Rate

Sustained Consumerism

Thriving Businesses• Energy Management

• Economic Development

Incentives

• Reliability

• Energy-Efficiency

• New Business

Construction

• Supplier Diversity

The Importance of Economic Development

Page 10: BGE SEED (Smart Energy for Economic Development) Program

Smart Energy Savers Program through 2015 (C&I only)

Helped 32,000 Maryland businesses be more competitive

Support more than 1,000 contractor Reduced business lifecycle energy costs

by over $1 Billion Reduced total consumption by over

1,000,000 MWh, This is equivalent to*

– One Medium Sized Peak Power Plant

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* Based on EPA calculations

Page 11: BGE SEED (Smart Energy for Economic Development) Program

Purpose of

Support state and local economic development agencies with tools to aid in

– Business Attraction– Expansion– Retention– Job creation

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Page 12: BGE SEED (Smart Energy for Economic Development) Program

What is SEED

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Smart Energy for Economic Development Program

Qualifying commercial customers will now receive a 25 percent reduction on their demand and distribution charges for both electric and natural gas service.

For qualifying enterprise zone customers - 75% waived of extension related construction charge.

NON ENTERPRISE500 kW of electric

demand per month and/ or 90,000 therms of

gas annually

ENTERPRISE ZONENo minimum load

requirement

Job Requirement 10 FTE’s 1 FTE

year 1 price reduction 25% 25%

year 2 price reduction 25% 25%

year 3 price reduction 25% 25%

year 4 price reduction 0 25%

year 5 price reduction 0 25%

Page 13: BGE SEED (Smart Energy for Economic Development) Program

Enterprise Zones within BGE Service Territory

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BGE serves electric and/or natural gas in eight of the 28 Enterprise Zones

1. Baltimore City2. Cecil County3. Prince George’s County4. Chesapeake (Baltimore Co)5. Southwest(Baltimore Co)6. Federal Center at Woodlawn (Baltimore Co)7. Aberdeen / Havre de Grace (Harford Co)8. Edgewood (Harford)

Page 14: BGE SEED (Smart Energy for Economic Development) Program

Qualifications

• Completed Application

• Certified Letter of Eligibility

• Credit Score

• Property Tax Evaluation

• Registration with State of MD

• Financial Information

• Approval from local Economic

Development Agency

• Approval from State Economic

Development Agency

Page 15: BGE SEED (Smart Energy for Economic Development) Program

More Information

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www.bge.com/economicdevelopment

www.bge.com/seed

Page 16: BGE SEED (Smart Energy for Economic Development) Program

Workforce Development

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Partnership with local high school to develop a talent pipeline for entry level positions. Includes:

• Field Trips • Mentoring• Internship• Apprenticeship

Page 17: BGE SEED (Smart Energy for Economic Development) Program

Supplier Diversity

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• $183M (22%) was spent with

minority, women or service-disabled,

veteran owned businesses

• $64 million of that amount spent

with businesses operating in

Maryland

Page 18: BGE SEED (Smart Energy for Economic Development) Program

Education and Awareness

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• Annual Customer Meeting

• Energizing Business Growth Breakfast

• Leadership Forum

Page 19: BGE SEED (Smart Energy for Economic Development) Program

3,200 employees live in 18 Maryland counties and Baltimore City. BGE executives and employees serve on 130 local nonprofit boards. Employees dedicated 22,800 volunteer hours to our communities in 2015.

We are an Active Part of Our Community

22,800Volunteer hours

230Volunteer events

211Nonprofit organizations

served165Employees recognized

through volunteer grants

$67,000In grants on behalf of employee volunteers

130Nonprofit Board Seats

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Dedicated to Supporting Our Communities

Page 20: BGE SEED (Smart Energy for Economic Development) Program

$4.5 million in grant support donated annually to non-profit organizations focused on:

– Education — The environment

– Arts and culture — Community development

Received Maryland Chamber of Commerce and Baltimore Business Journal Philanthropy Award for BGE’s Emergency Response and Safety Grant Program

Received Maryland Food Bank Corporate Volunteer Partner of the Year Award and Salvation Army Compassion in Action Award

72% of grants were classified as “diversity” in 2015

BGE Donated nearly $13 Million to Service Area Organizations since 2012

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Dedicated to Supporting Our Communities