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Delmarva Power to Issue RFP for Wholesale Electric Power for Delaware Customers

Monday, October 17, 2005

FOR IMMEDIATE RELEASE
October 17, 2005  
Contact: Tim Brown, 302-283-5803, 866-655-2237 (pager)
tim.brown@pepcoholdings.com
             

Delmarva Power to Issue RFP for Wholesale Electric Power for Delaware Customers
Pre-Bid Conference Set for November 3, 2005

Delmarva Power today announced a Request for Proposals (RFP) for wholesale electric power supplies to meet its Standard Offer Service (SOS) obligation in the state of Delaware. Delmarva Power will provide market-based fixed-price supply service to its electric customers who do not take service from competing retail suppliers and who do not choose the option of hourly priced service from Delmarva Power.

Delmarva Power is requesting proposals to supply a total of approximately 1,700 megawatts (MW). Peak load contributions by customer class include approximately 950 MW for the combined Residential, Small Commercial and Industrial classes; 190 MW for the Medium General Service-Secondary (MGS-S) class; 110 MW for the Large General Service-Secondary (LGS-S) class; and 450 MW for the General Service-Primary (GS-P) class.

A pre-bid conference for prospective bidders will be held on November 3 at Delmarva Power's Conference Center in Newark, Delaware. The conference will review the general RFP structure and process, the Delmarva Power bid plan for its Delaware customers and the power supply contract.

The RFP is being issued in accordance with the Delaware Public Service Commission (DPSC) terms and conditions established in Docket No. 04-391 for the competitive provision of electric service beginning on and after May 1, 2006. It is structured as a multi-phase bidding process with pre-bid preparation activities scheduled to begin on October 12, 2005. The first round of bidding will begin on December 12, 2005 and the final round will conclude in February 2006. The winning bidders will be awarded service contracts for supply to begin on May 1, 2006.

Additional details regarding the RFP or the pre-bid conference can be found by visiting the RFP website: www.delmarva.com/derfp. The Web site is available effective October 12, 2005, and interested parties will find additional contact information listed there.

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Delmarva Power, a public utility owned by Pepco Holdings, Inc. (NYSE: POM), provides safe, reliable and affordable regulated electric and natural gas delivery services to more than 500,000 customers in Delaware, Maryland, and Virginia.