Company Overview of Delmarva Power & Light Co.
Delmarva Power & Light Company, a regulated public utility, engages in the distribution, transmission, and default supply of electricity in Delaware and Maryland. The company also distributes and supplies natural gas to retail customers, as well as provides transportation-only services to retail customers that purchase natural gas from other suppliers. It owns and operates electric transmission facilities; distribution facilities; or common facilities used for transmission and distribution; and natural gas distribution facilities. As of December 31, 2011, the company distributed electricity to 501,000 residential, commercial, and industrial customers, which include 301,000 customers in Delaw...
500 North Wakefield Drive
Newark, DE 19702
Founded in 1909
Key Executives for Delmarva Power & Light Co.
Chief Executive Officer and President
Chief Executive Officer of Pepco Energy Services Inc and President of Pepco Energy Services Inc
Principal Accounting Officer
Compensation as of Fiscal Year 2013.
Delmarva Power & Light Co. Key Developments
Federal Energy Regulatory Commission Issues Order to PJM Interconnection, L.L.C., Potomac Electric Power Company, and Delmarva Power & Light Co. on Order Granting Rehearing for Further Consideration
Apr 29 13
Rehearing has been timely requested of the Federal Energy Regulatory Commission's order issued on February 28, 2013, in this proceeding. PJM Interconnection, L.L.C., Potomac Electric Power Company, and Delmarva Power & Light Co., 142 FERC s 61,156 (2013). In the absence of Commission action within 30 days from the date the rehearing request was filed, the request for rehearing (and any timely requests for rehearing filed subsequently) would be deemed denied.
Public Service Commissions and Public Advocates of the District of Columbia, Maryland, Delaware and New Jersey File a Joint Complaint with Federal Energy Regulatory Commission Against Potomac Electric Power Company, Delmarva Power & Light Co. and Atlantic City Electric Company
Mar 4 13
On February 27, 2013, the public service commissions and public advocates of the District of Columbia, Maryland, Delaware and New Jersey filed a joint complaint with the Federal Energy Regulatory Commission (FERC) against Potomac Electric Power Company, Delmarva Power & Light Co. and Atlantic City Electric Company. The complainants challenged the base return on equity (ROE) and the application of the formula rate process, each associated with the transmission service that Pepco Holdings’ utilities provide. The complainants claim to support an ROE within a zone of reasonableness of 6.78% and 10.33%, and they arrive at a base ROE of 8.7%. The currently authorized adjusted base ROE for Pepco Holdings’ utilities is 11.3%, which includes a base ROE of 10.8% plus a 50 basis point adder for being a member of a regional transmission organization. Pepco Holdings, Potomac Electric Power Company, Delmarva Power & Light Co. and Atlantic City Electric Company believe this complaint is unsupported and intend to vigorously defend the current ROE and the formula rate process. On February 28, 2013, FERC issued an order in Potomac Electric Power Company’s and Delmarva Power & Light Co.’s proceeding seeking recovery of approximately $88 million in abandoned costs related to the Mid-Atlantic Power Pathway (MAPP) project. The order concludes that the MAPP project was cancelled for reasons beyond the control of Potomac Electric Power Company and Delmarva Power & Light Co., and found that the prudently incurred costs associated with the abandonment of the MAPP project are eligible to be recovered, but set for hearing the prudence of the abandoned costs and the amortization period for those costs. FERC required the deduction of previously approved incentive adders amounting to 150 basis points, as well as a 50 basis point adder for being a member of a regional transmission organization, resulting in a 10.8% approved ROE with respect to the abandoned costs. FERC also denied recovery of approximately $2 million, or 50%, of the prudently incurred abandoned costs prior to November 1, 2008, the date of FERC’s MAPP incentive order. While Pepco Holdings continues to review the FERC order and assess its responses to it, Pepco Holdings believes that the FERC order is not consistent with prior precedent and will vigorously pursue its rights to recover all prudently incurred abandoned costs associated with the MAPP project, as well as the full ROE previously approved by FERC.
Federal Energy Regulatory Commission Issues Order to PJM Interconnection, L.L.C. on Original Service Agreement No. 3418 - Wholesale Market Participation Agreement
Jan 9 13
The U.S. Department of Energy's Federal Energy Regulatory Commission issued the following delegated order: On November 21, 2012, PJM Interconnection, L.L.C. (PJM) filed an executed Wholesale Market Participation Agreement (WMPA) among PJM, Syncarpha Solar, LLC (Syncarpha), and Delmarva Power and Light Company (DPL). PJM stated that Syncarpha intends to engage in wholesale sales in the PJM markets from its 10.0 MW Burbage Property facility located on the westerly side of Jones Road, Frankford, Sussex County, Delaware which is interconnected to Delaware Electric Cooperative's distribution facilities which are interconnected to DPL's transmission facilities. PJM also stated that the WMPA is a contractual means to address a generator interconnection request through the distribution system, both to enable PJM to properly track and study such an interconnection and to facilitate the generator's participation in PJM's wholesale markets. The filing was noticed on November 21, 2012, with comments, interventions, and protests due on or before December 12, 2012. Pursuant to Rule 214 (18 C.F.R. section 385.214 (2012)), to the extent that any timely filed motions to intervene and any motion to intervene out-of-time were filed before the issuance date of this order, such interventions are granted. Granting late interventions at this stage of the proceeding will not disrupt the proceeding or place additional burdens on existing parties. This acceptance for filing shall not be construed as constituting approval of the referenced filing or of any rate, charge, classification, or any rule, regulation, or practice affecting such rate or service contained in company's filing; nor shall such acceptance be deemed as recognition of any claimed contractual right or obligation associated therewith; and such acceptance is without prejudice to any findings or orders which have been or may hereafter be made by the Commission in any proceeding now pending or hereafter instituted by or against PJM. This order constitutes final agency action. Requests for rehearing by the Commission may be filed within 30 days of the date of issuance of this order, pursuant to 18 C.F.R. section 385.713.
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