For Immediate Release
NEWARK, Del. (May 9, 2018) – In 2017, Delmarva Power purchased $83 million in goods and services from diversity-certified suppliers, which is 23 percent of the energy company's total yearly purchases. This is an increase of $31 million over the amount spent in 2016.
For Delmarva Power and its parent company Exelon, diversity and inclusion is one of the core foundational values both in the workplace and in its engagement with customers and the communities it serves. Exelon has increased spending with women- and minority-owned businesses by more than 200 percent since 2011, reaching $2 billion in 2017.
"We are very proud of our commitment to diversity and inclusion," said Dave Velazquez, president and CEO, Pepco Holdings, which includes Delmarva Power. "Year in and year out, we partner with local and diversity-certified businesses owned by women, veterans, service-disabled veterans, and minorities because when we do, their wide range of perspectives, experiences and expertise helps make our company and our employees better at meeting the needs of our customers."
In 2017, Delmarva Power established "Target 25" to expand the company's procurement efforts to include a wider array of under-represented companies. "Target 25" provides diversity-certified vendors an opportunity to learn more about Delmarva Power's processes, as well as its parent company Exelon, advancing the growth and development of each vendor's relationship with the energy company.
Businesses interested in working with Exelon can register with the company and include pertinent information, including their diversity status, via www.exeloncorp.com/suppliers.
Find additional information by visiting www.delmarva.com, on Facebook at www.facebook.com/delmarvapower and on Twitter at www.twitter.com/delmarvaconnect. Delmarva Power's mobile app is available at www.delmarva.com/mobileapp.
About Delmarva Power: Delmarva Power, a public utility owned by Exelon Corporation (NYSE: EXC), provides safe and reliable energy to more than 520,000 electric delivery customers in Delaware and Maryland and approximately 132,000 natural gas delivery customers in northern Delaware.