January 21, 2017 6:31 AM ET

Multi-Utilities

Company Overview of Delmarva Power & Light Co.

Company Overview

Delmarva Power & Light Company, a regulated public utility, engages in the transmission, distribution, and supply of electricity in portions of Delaware and Maryland. The company also distributes and supplies natural gas in portions of New Castle County, Delaware; and provides transportation-only services to retail customers that purchase natural gas from other suppliers. It distributes a total of 12,474,000 megawatt hours of electricity. The company was incorporated in 1909 and is based in Newark, Delaware. Delmarva Power & Light Co. operates as a subsidiary of Conectiv, LLC.

500 North Wakefield Drive

2nd Floor

Newark, DE 19702

United States

Founded in 1909

898 Employees

Phone:

202 872 2000

Key Executives for Delmarva Power & Light Co.

Chief Executive Officer, President and Director
Age: 56
Chief Financial Officer and Senior Vice President
Age: 59
Chairman, Chairman of ACE, Chairman of Pepso, Chairman of PHI, Chief Executive Officer of PHI and President of PHI
Age: 59
Chief Executive Officer of Pepco Energy Services Inc and President of Pepco Energy Services Inc
Age: 56
President of the Delmarva Safety Association
Compensation as of Fiscal Year 2016.

Delmarva Power & Light Co. Key Developments

Pepco Holdings LLC, Potomac Electric Power Company, Delmarva Power & Light Company and Atlantic City Electric Company Enter into an Amendment to Their Second Amended and Restated Credit Agreement

On May 26, 2016, Pepco Holdings LLC, Potomac Electric Power Company, Delmarva Power & Light Company and Atlantic City Electric Company entered into an amendment to their Second Amended and Restated Credit Agreement dated as of August 1, 2011, which (i) extended the maturity date of the facility to May 26, 2021, (ii) removed PHI as a borrower under the facility and (iii) decreased the size of the facility from $1.5 billion to $900 million.

Delmarva Power Plans to Enhance Electric Service in Kent and Sussex Counties

Delmarva Power has announced plans to enhance electric service in Kent and Sussex counties by rebuilding a 69kV transmission line between Bridgeville and Harrington, Delaware. Delmarva Power will invest approximately $21 million in the 11-mile project. The existing 300, 60 foot tall wooden structures will be replaced with 236 galvanized steel poles that range in height from 80 to 100 feet. Steel poles are more durable, require less maintenance and can withstand hurricane force winds up to 120 mph. Work is scheduled to begin in March with completion targeted for the end of May 2017.

Delmarva Power to Enhance Electric Service in Worcester and Accomack Counties

Delmarva Power announced plans to enhance electric service in Worcester and Accomack counties by building a new 138 kV transmission line and rebuilding an old 69 kV line between Piney Grove substation in Salisbury, Maryland and Wattsville substation in Virginia. The new infrastructure will carry both the 138 kV and 69 kV circuits on one power line. Delmarva Power will invest approximately $45 million in the nearly 31-mile project. A total of 447 wooden structures, ranging in height from 45 to 75 feet, will be replaced with new, single steel pole structures that are 60 to 135 feet tall. Steel poles are more durable, require less maintenance and can withstand hurricane force winds of 120 mph. Work is scheduled to begin in October 2016 with completion targeted for June 2018.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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