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Delmarva Power to Issue RFP for Wholesale Electric Power for Delaware Customers Pre-Bid Conference To Be Announced

Monday, October 01, 2007

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 300 MW for the combined Residential, Small Commercial and Industrial customers; 200 MW for the Medium General Service-Secondary (MGS-S) customers; 60 MW for the Large General Service-Secondary (LGS-S) customers; and 30 MW for the General Service-Primary (GS-P) customers.

A pre-bid conference for prospective bidders will be held in late October or early November. 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, 2008 . It is structured as a multi-phase bidding process with pre-bid preparation activities which started on October 1, 2007 . The first round of bidding will begin on November 26, 2007 and the final round will conclude in February 200 8 . The winning bidders will be awarded service contracts to supply electricity for Delmarva Power customers beginning on June 1, 2008 .

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.

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D elmarva 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 .