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Delmarva Power Delivers on its Promises: Maryland Residential Customers Will Receive Second $50 Rate Credit

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03/30/2017 | 03:23pm CEST

Release date- 29032017 - SALISBURY, MD - On March 27, 2017, Delmarva Power-Maryland residential customers began to receive the second $50 rate credit as a result of the merger between Exelon and Pepco Holdings (which is the parent company of Delmarva Power).

After receiving the first rate credit in April 2016, to date, Maryland customers have received more than $17 million in credits.

This final round of credits will be automatically applied to each household's bill as part of a broader package of benefits that will make energy more affordable for Delmarva Power Maryland customers as a direct result of the merger. The credits are applied to the bill balance and will be reflected on each customer's account.

'We're excited to provide our customers with their second bill credit as a result of our merger with Exelon,' said Gary Stockbridge, Delmarva Power region president. 'This recent credit is another merger promise that we are proud to meet for our customers. We encourage customers to consider using the $50 they saved on this month's bill to take advantage of energy efficiency programs available to Maryland customers,' Stockbridge added.

To learn more about energy efficiency programs, rebates and incentives that can help you save money and energy, visit: delmarva.com/saveenergy or call 1-800-375-7117.

Other merger benefits for DelmarvaPower-Maryland customers include:

$11.7 million for energy efficiency, including 20 percent to programs dedicated to energy efficiency benefits in affordable multifamily housing

Higher standards for the reliability of electric service for our customers

More than $1 million in workforce development investments

Development of 5MW of solar and other Tier 1 renewables in Delmarva

Improvements to the interconnection process

As a result of the Exelon merger, Exelon's three electric and gas utilities - BGE, ComEd and PECO - and Pepco Holdings' three electric and gas utilities - Atlantic City Electric, Delmarva Power and Pepco - share best practices, identify energy efficiencies and form the nation's largest electric and gas utility company.

Find additional information by visiting www.delmarva.com, on Facebook atwww.facebook.com/delmarvapowerand on Twitter at www.twitter.com/delmarvaconnect. Our mobile app is available at www.delmarva.com/mobileapp.

Contact:

Tel: (302) 454-4374

Email: nicholas.morici@pepcoholdings.com

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2017 31 163 M
EBIT 2017 5 239 M
Net income 2017 2 506 M
Debt 2017 36 437 M
Yield 2017 3,64%
P/E ratio 2017 13,61
P/E ratio 2018 12,53
EV / Sales 2017 2,24x
EV / Sales 2018 2,20x
Capitalization 33 263 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 38,6 $
Spread / Average Target 7,4%
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Christopher M. Crane President, Chief Executive Officer & Director
Mayo A. Shattuck Independent Chairman
Jonathan W. Thayer Chief Financial Officer & Senior Executive VP
Michael R. Koehler Chief Information & Digital Officer
John Washington Rogers Independent Director
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