• Delmarva Power Residential Customers in Maryland Receive First of Two $50 Bill Credit from Exelon Merger Commitment

    Apr 12, 2016

    NEWARK, DE (April 12, 2016) - Starting today, Delmarva Power-Maryland residential customers will receive the first of two $50 installments in rate credits as a result of the merger between Exelon and Pepco Holdings which is the parent company of Delmarva Power. The more than $17 million in credits will be distributed in two $50 installments for Delmarva Power-Maryland customers.

    The credits will be automatically applied to each household’s bill as part of a broader package of benefits that will make energy more affordable for Delmarva Power-Maryland customers as a direct result of the merger. The credits are applied to the bill balance, and will be reflected on each customer’s bill.

    “This is the beginning of the many benefits resulting from our merger with Exelon,” said Gary Stockbridge, Delmarva Power region president.  “These include financial, environmental, and reliability benefits as well as additional assistance programs and guaranteed ongoing philanthropic benefits for the next 10 years in the communities we serve to help those most in need,” Stockbridge added.

    Residential customers will receive a second rate credit of $50 in 12 months. For more information about the Exelon Rate Credit, visit delmarva.com/billcredit or call 1-800-375-7117.

    Other merger benefits for Delmarva Power-Maryland customers include:

    • $11.7 million for energy efficiency, including 20 percent to programs dedicated to energy efficiency benefits in affordable multifamily housing.
    • Higher standards for the reliability of electric service for our customers.
    • More than $1 million in workforce development investments
    • Development of 5MW of solar and other Tier 1 renewables in Delmarva
    • Improvements to the interconnection process

    Exelon and Pepco Holdings completed their merger transaction on March 23, following the approval of the merger by the Public Service Commission of the District of Columbia. The merger has brought together Exelon’s three electric and gas utilities — BGE, ComEd and PECO — and Pepco Holdings’ three electric and gas utilities — Atlantic City Electric, Delmarva Power and Pepco — to create the leading mid-Atlantic electric and gas utility company.