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Delmarva Power
Delmarva Power is an energy company that provides electricity and natural gas to customers on portions of the Delmarva Peninsula in the states of Delaware and Maryland. The company is a subsidiary of Exelon. Electricity and natural gas Delmarva Power has a service area located on the Delmarva Peninsula, serving much of the state of Delaware and the Eastern Shore region of Maryland. The company provides electricity to 312,000 customers in Delaware and 203,000 customers in Maryland as well as natural gas to 129,000 customers in northern Delaware. Delmarva Power has 961 employees and operates 10 facilities and 160 substations. Transmission voltages are 500kV, 230kV, 138kV and 69kV. The company is a member of the PJM Interconnection. History The company was founded in 1909 as Delaware Power & Light, which served Delaware. In 1943, Delaware Power & Light acquired Eastern Shore Public Service Company, which served the Eastern Shore region of Maryland and the Eastern Shore region of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |