Delmarva Power to Issue RFP for Wholesale Electric Power for Delaware Customers
Tuesday, October 17, 2006
Pre-Bid Conference Set for November 2, 2006
WILMINGTON, DE - 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. Standard Offer Service is the market-based fixed-price electricity Delmarva Power buys on behalf of its customers who do not purchase their electricity from competing retail suppliers and who do not choose the option of hourly priced service.
Delmarva Power is requesting proposals to supply some 590 megawatts (MW) of electricity. Peak load contributions by customer class include approximately 310 MW for the combined Residential, Small Commercial and Industrial customers; 190 MW for the Medium General Service-Secondary (MGS-S) customers; 40 MW for the Large General Service-Secondary (LGS-S) customers; and 50 MW for the General Service-Primary (GS-P) customers.
A pre-bid conference for prospective bidders will be held November 2, 2006 at Delmarva Power's Conference Center in Newark, Delaware. The conference will review the general RFP structure, process improvements, 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 June 1, 2007. It is structured as a multi-phase bidding process with pre-bid preparation activities which started on October 16, 2006. The first round of bidding will begin on November 27, 2006 and the final round will conclude in February 2007. The winning bidders will be awarded service contracts to supply electricity for Delmarva Power customers beginning on June 1, 2007.
Later this year, Delmarva will be sending out a separate RFP for longer term supply contracts as a result of recent legislation in Delaware that requires the company to explore all supply options, including buying from generating facilities in Delaware. Until such time as these other longer term supply options are found to be a better option for customers, Delmarva Power will continue to conduct its normal Standard Offer Service bids to ensure that the lowest supply price is secured for its customers from the wholesale market.
Further details regarding the RFP or the pre-bid conference can be found by visiting the RFP website: www.delmarva.com/derfp. The Web site will provide interested parties with additional contact information.
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 .