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Delmarva Power Donates $30,000 to South Coastal Library

Friday, May 11, 2007

President Gary Stockbridge presents first check of three-year commitment

BETHANY BEACH, Del. – Delmarva Power has committed $30,000 over three years to support the expansion of the South Coastal Library.

On May 11, Delmarva Power President Gary Stockbridge presented the first of three $10,000 annual payments to the Friends of the South Coastal Library (FOSCL), which embarked on a capital campaign in the fall of 2006 due to increased demand for programs and services. The project will double the size of the library, create a state-of-the-art community cultural center and improve the facility’s technological capabilities.

“Delmarva Power is proud to be a part of this exciting growth at the South Coastal Library,” said Stockbridge. “The library has a strong history of providing outstanding services to the residents of southeastern Sussex County and this expansion will only enhance those efforts.”

Accepting the check for the FOSCL was board member Ray Aumiller who said, “On behalf of the capital campaign of the Friends of the South Coastal Library, the library staff, and the visitors to the library, I want to thank Delmarva Power for its very generous donation in support of the library expansion.”

Aumiller said that the overall project cost is $7 million, half of which the FOSCL is responsible for raising. Thus far, nearly $1.1 million in campaign donations and pledges have been received for the expansion. The library, which attracts 134,000 visitors annually, will increase from 10,000 square feet to 22,000 square feet.

Aumiller added, “The library and the power businesses have a lot in common. Both are demand driven and require capital expansion to meet that demand. Furthermore, both provide services that help to enrich the areas in which we serve and the people that live there. We thank Delmarva Power for its response to our appeal.”

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Delmarva Power, a public utility owned by Pepco Holdings, Inc. (NYSE: POM), provides safe and reliable energy to more than 500,000 electric delivery customers in Delaware, Maryland and Virginia and over 118,000 natural gas delivery customers in northern Delaware .