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David M. Velazquez (President and CEO) J. Tyler Anthony (Senior Vice President and COO) Donna J. Kinzel (Senior Vice President and CFO) Paul R. Bonney (Senior Vice President) Gary R. Stockbridge ( Delmarva Power Region President)

Number of employees

961

Parent Exelon

Website https://www.delmarva.com/

Delmarva Power is an energy company that provides electricity and natural gas to customers on portions of the Delmarva Peninsula
Delmarva Peninsula
in the states of Delaware
Delaware
and Maryland.[1] The company is a subsidiary of Exelon.

Contents

1 Electricity and natural gas 2 History 3 Community 4 References 5 External links

Electricity and natural gas[edit] Delmarva Power has a 5,000-square-mile (13,000 km2) service area located on the Delmarva Peninsula, serving much of the state of Delaware
Delaware
and the Eastern Shore region of Maryland.[1] The company provides electricity to 312,000 customers in Delaware
Delaware
and 203,000 customers in Maryland
Maryland
as well as natural gas to 129,000 customers in northern Delaware. Delmarva Power has 898 employees and operates 10 facilities and 160 substations. History[edit] The company was founded in 1909[1] as Delaware
Delaware
Power & Light, which served Delaware. In 1943, Delaware
Delaware
Power & Light acquired Eastern Shore Public Service Company, which served the Eastern Shore region of Maryland
Maryland
and the Eastern Shore region of Virginia. The name of the company was changed to Delmarva Power & Light in 1966 and Delmarva Power in 1972.[2] In 1994, Delmarva Power announced it would acquire the Conowingo Power Company, the Maryland
Maryland
retail electric subsidiary of PECO Energy Company that served 35,000 customers in portions of Cecil and Harford counties, for $150 million.[3][4] This acquisition was completed on June 19, 1995.[5] In 1998, Delmarva Power acquired Atlantic Energy, which owned Atlantic City Electric in New Jersey, for $968 million. The merged utility company became known as Conectiv Power Delivery. Conectiv Power Delivery was acquired by the Potomac Electric Power Company
Potomac Electric Power Company
in 2002 for $5.4 billion, which resulted in Pepco Holdings
Pepco Holdings
being created as a holding company that owned both utility companies.[6] In 2005, Pepco Holdings brought back the Delmarva Power and Atlantic City Electric names in place of Conectiv Power Delivery.[7] Between 1981 and 2006, Delmarva Power operated and maintained the municipally-owned St. Michaels Electric Utility, which served 4,000 customers in the town of St. Michaels, Maryland
Maryland
and surrounding areas, under a lease agreement.[8][9] On October 15, 2006, the St. Michaels Electric Utility was acquired by Choptank Electric Cooperative
Choptank Electric Cooperative
for $12.2 million, ending Delmarva Power's lease of the system.[9] In 2008, Delmarva Power sold its service area in the Virginia
Virginia
portion of the Delmarva Peninsula, which consisted of 22,000 customers, to A&N Electric Cooperative and Old Dominion Electric Cooperative for $44 million.[2] On April 30, 2014, Exelon
Exelon
announced that it would acquire Pepco Holdings, the parent company of Delmarva Power. The merger was initially rejected by the District of Columbia Public Service Commission in August 2015, although other federal and state regulators approved of the merger. After revised terms, the District of Columbia Public Service Commission approved the merger on March 23, 2016, and the $6.8 billion acquisition of Pepco Holdings
Pepco Holdings
by Exelon
Exelon
was completed the same day. As a result, Exelon
Exelon
serves as the parent company of Delmarva Power.[10] Community[edit] Since 2012, Delmarva Power had donated over $4.7 million to more than 750 organizations.[11] Delmarva Power supports of educational, environmental, arts and culture, and community development organizations. Delmarva Power’s employees give thousands of hours in time and talent as board members, coaches, and volunteers to support community nonprofit organizations.[12] References[edit]

^ a b c "Company Information". www.delmarva.com. Retrieved 2018-01-23.  ^ a b Parsons, Kye (January 2, 2008). " Delmarva Power Completes Sale of Virginia
Virginia
Operations". Salisbury, MD: WBOC-TV. Retrieved June 29, 2017.  ^ "Company News; Delmarva Power To Buy PECO Energy Unit". The New York Times. May 26, 1994. Retrieved August 20, 2017.  ^ "PECO Energy To Sell Conowingo Power Company To Delmarva Power and Light Company". PRNewswire. May 25, 1994. Retrieved August 20, 2017.  ^ "Federal Register Volume 60, Number 136". Office of the Federal Register. July 17, 1995. Retrieved August 20, 2017.  ^ Ianieri, Brian (June 7, 2014). " Atlantic City Electric
Atlantic City Electric
to become part of energy giant Exelon". Press of Atlantic City. Retrieved June 29, 2017.  ^ Brown, Tim (March 31, 2005). "PHI and Conectiv Power Delivery Announce New Executive Appointments and Name Change" (Press release). Conectiv Power Delivery. Retrieved June 29, 2017.  ^ "Choptank Electric Co-op Set to Buy St. Michaels Utility". WBOC-TV. March 3, 2006. Retrieved September 3, 2017.  ^ a b Nery, Steve (October 9, 2006). "Town's deal with Choptank OK'd Md. panel says co-op's purchase ensures stability for entire St. Michaels service area". The Star-Democrat. Easton, MD. Retrieved September 3, 2017.  ^ Anu Passary (March 25, 2016). " Exelon
Exelon
Closes $6.8 Billion Merger With Pepco Following Thumbs Up From Regulators". Tech Times. Retrieved June 28, 2016.  ^ "About Us". Delmarva Power. Retrieved 2017-07-03.  ^ " Delmarva Power Employees Celebrate Community Service Projects for National Volunteer Week". Delmarva Power. 2017-04-25. Retrieved 2017-07-03. 

External links[edit]

Delmarva Power Exelon
Exelon
Corporation

v t e

Philadelphia-area corporations (including the Delaware
Delaware
Valley)

List of companies based in the Philadelphia
Philadelphia
area

Philadelphia-based Fortune 500 corporations (rank in the 2017 list)

Comcast
Comcast
(31) Aramark
Aramark
(192) Crown Holdings
Crown Holdings
(333)

Delaware
Delaware
Valley-based Fortune 500 corporations (rank in the 2017 list)

AmerisourceBergen
AmerisourceBergen
(11) DuPont
DuPont
(113) Lincoln National (207) Universal Health Services (276) Campbell Soup (339) UGI (457) Burlington Stores Inc. (463)

Other notable Philadelphia-based businesses

Amoroso's Beneficial Bank Chemtura Day & Zimmermann FMC Corporation Independence Blue Cross Pennsylvania Real Estate Investment Trust Pep Boys Philadelphia
Philadelphia
Media Network Radian Group Urban Outfitters

Notable Philadelphia-based professional partnerships

Ballard Spahr Blank Rome Cozen O'Connor Dechert Drinker Biddle & Reath Duane Morris Morgan, Lewis & Bockius Pepper Hamilton Saul Ewing White and Williams

Other notable Delaware Valley-based businesses

Actua Corporation Airgas AlliedBarton Ametek Aqua America Asplundh Bentley Systems Brandywine Realty Trust Boscov's Carpenter Technology Cephalon Chemours Christiana Care Health System Crozer Keystone Health System David's Bridal DuckDuckGo EPAM Systems EnerSys Liberty Property Trust Penn Mutual Penn National Gaming Rita's Italian Ice SEI Investments SLM SunGard Susquehanna International Group Vanguard Toll Brothers Triumph Group Unisys ViroPharma Vishay Intertechnology VWR Wawa Wilmington Trust W. L. Gore and Associates WSFS Bank

Notable Delaware
Delaware
Valley-based US headquarters of foreign businesses

Aberdeen Asset Management ACE AgustaWestland AstraZeneca Delaware
Delaware
Investments GlaxoSmithKline ING Group Keystone Foods SAP America Siemens Medical Shire Pharmaceuticals Subaru Teva Pharmaceuticals TD Bank

Notable Delaware
Delaware
Valley-based division headquarters of US corporations

Acme (Cerberus Capital Management) Centocor
Centocor
(Johnson & Johnson) Colonial Penn (Conseco) Delmarva Power (Exelon) GSI Commerce (eBay) Hercules (Ashland) MAB Paints
MAB Paints
(Sherwin-Williams) McNeil Laboratories (J&J) Neoware (Hewlett-Packard) PECO (Exelon) QVC
QVC
(Liberty Media) Rohm and Haas
Rohm and Haas
(Dow Chemical) Sunoco
Sunoco
(Energy Transfer) Tasty Baki

.