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
Delmarva Power to Start New Reliability Projects in Ocean City
Jan 28 14
In order to continue to provide safe and reliable service in Ocean City, Delmarva Power soon will begin to upgrade the underground electric cable serving the communities in the bayside area of 32nd street and on the south side of 94th street. The projects are expected to cost a total of approximately $3 million and involve the following: Installation of new and improved cable; replacement of some pad mount transformers (green boxes); relocation of switch gear from the north to the south side of 32nd street to prevent water and salt from harming this equipment; planned power outages of several hours while improvement work takes place. Work will take place during daytime hours and will be coordinated with the Ocean City Public Works Department in order to minimize traffic disruption. Customers will be notified of planned power outages. The 32nd Street project is targeted to be completed by April 2014, while the first portion of the 94th street project is expected to be finished by the end of 2014. At the conclusion of each project Delmarva Power will coordinate property restoration for areas that were disturbed during the process. Work on the remainder of the 94th Street project is scheduled for sometime in 2015.
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.
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