For Immediate Release
Delmarva Power today issued a Request for Proposals (RFP) for wholesale electric power supplies to meet its Standard Offer Service SOS obligation in Maryland. Delmarva Power provides market-based supply service to its electric customers who do not choose to receive service from competing retail suppliers.
The RFP is being issued in accordance with orders from the Public Service Commission of Maryland (MDPSC). The PSC oversees Delmarva Power's procurement and delivery of electricity under Maryland's Standard Offer Service (SOS) provisions, which oblige Delmarva Power to supply electricity to those Maryland customers who do not choose an alternative supplier.
The RFP will consist of supply contracts ranging in term from quarterly to twenty-four months. The bidding for Residential and Type I contracts will occur in three procurements. The first two procurements are scheduled for January 2007 and February 2007 for supply services to begin June 1, 2007, and the third procurement is scheduled for April 2007 for supply services to begin October 1, 2007. The quarterly bidding for three month term contracts will occur in one procurement prior to the calendar quarter. Bid due dates for this multi-procurement process can be found in the RFP documents Delmarva Power will concurrently conduct their bidding processes under uniform rules and timetables that other Maryland utilities will follow. Delmarva Power is requesting electric supply proposals totaling approximately 560 megawatts (MW).
A joint-utility pre-bid conference for prospective bidders will be held on December 12, 2006 at the Hyatt Regency Hotel in downtown Baltimore. The conference will review the general RFP structure and process, the specific utility bid plans, and the power supply contract.
Additional details regarding the RFP process, the pre-bid conference and utility contact information can be found by visiting Delmarva Power's Web site at www.delmarva.com/mdrfp
____________________________ 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.