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Delmarva Power’s Land-Based Wind Contracts Scheduled for DE PSC Review

Tuesday, August 19, 2008

NEWARK, DE – An aggressive schedule for reviewing three, long-term wind power contracts was set Tuesday by the Delaware Public Service Commission. The contracts are critical to Delmarva Power meeting its ambitious clean energy goals for Delaware.

“We’re very pleased with the strong support for these land-based wind contracts. Our portfolio of offshore and land-based contracts makes Delmarva Power a leading utility in the nation for securing clean energy to meet Delaware’s goals,” said Delmarva Power Region President Gary Stockbridge. “I hope we’ll continue to see strong support from both regional and national environmental groups for these wind projects.”

Highlights of the land-based wind power contracts, recently filed with the Commission, include:

  • Two, 20-year contracts with Annapolis, Md.-based Synergics Wind Energy for up to 100 megawatts of wind energy and renewable energy credits. The wind farms would be built on land in western Maryland, with one scheduled for 2009 and the other for 2010.
  • A 15-year contract with Arlington, Virginia-based energy supplier AES Corporation for up to 70 megawatts of wind energy and renewable energy credits. The wind farm would be built on land in Pennsylvania, and is projected to be built by 2010.
  • Combined, the three, land-based wind contracts would generate up to 170 megawatts of wind energy and renewable energy credits for serving Delmarva Power’s customers who do not receive their energy from another supplier, most of whom are residential and small business customers. The total monthly impact to the typical residential customer for all three land-based wind contracts would be about $0.24.

The long-term contracts, combined with an already-approved 25-year contract for offshore wind power, are part of a green energy portfolio designed to meet Delaware’s clean energy goals for 20 percent of the utility’s energy supply to come from renewable sources by 2019.

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Delmarva Power, a public utility owned by Pepco Holdings, Inc. (NYSE: POM), provides safe and reliable energy to nearly 500,000 electric delivery customers in Delaware and Maryland and over 121,000 natural gas delivery customers in northern Delaware .