1. Uniformity of Dynamic Pricing Implementation: BGE and Pepco Smart Grid Working Group Meeting June 24, 2011

2. BGE ® Commission Directive in Case No. 9207 Agreed-Upon Aspects of Dynamic Pricing Non-Uniform Aspects of Dynamic Pricing Next Steps Agenda 2 BGE and Pepco Dynamic Pricing — 6/24/2011

3. BGE ® 3 Commission Directive in Case No. 9207 Ordering paragraph 10 states the following: “That Staff is directed to convene a working group to include, at a minimum, representatives from Baltimore Gas and Electric Company, Potomac Electric Power Company, Delmarva Power & Light Company (subject to subsequent authorization to Delmarva to deploy AMI in Maryland), and the Office of People’s Counsel to develop, and submit for the Commission’s consideration, a proposal for uniformity of critical peak period seasons, times, frequency, and duration, and other aspects of dynamic pricing implementation, to the extent feasible. All parties in this matter and Case No. 9208 are invited to participate, as are other interested stakeholders.” (Emphasis added) BGE and Pepco Dynamic Pricing — 6/24/2011

4. BGE ® BGE and Pepco have agreed upon the following aspects of dynamic pricing implementation: Agreed-Upon Aspects of Dynamic Pricing 4 BGE and Pepco Dynamic Pricing — 6/24/2011

5. BGE ® BGE and Pepco propose taking different approaches to certain aspects of dynamic pricing implementation: Non-Uniform Aspects of Dynamic Pricing 5 BGE and Pepco Dynamic Pricing — 6/24/2011

6. BGE ® Second Working Group meeting on July 12 th − Review proposed tariff changes for each company Draft a proposal to submit for Commission’s consideration − Circulate draft to Working Group members and incorporate edits Submit proposal to Commission Next Steps 6 BGE and Pepco Dynamic Pricing — 6/24/2011