Delmarva Power electric and gas residential customers, in the next two months, will see a $122.64 and $49.95 credit respectively on their monthly bill, the first of many benefits they will receive as part of the merger completed last month between Exelon and Pepco Holdings, Inc., the parent company of Delmarva Power.
The 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 customers in Delaware as a direct result of the merger. The credits are applied to the bill balance and will be reflected on each customer’s bill.
Under the terms of the merger agreement, the money goes only to residential customers.
“This is only the beginning of the many benefits resulting from our merger with Exelon,” said Gary Stockbridge, Delmarva Power region president. “Beyond the bill credit, there are financial, environmental, and reliability benefits as well as additional assistance programs for those most in need and guaranteed ongoing philanthropic contributions for the next 10 years in the communities we serve.”
For more information about the Exelon Rate Credit, visit delmarva.com/billcredit or call 1-800-375-7117.
According to a Delmarva release, other merger benefits for Delmarva Power customers in Delaware include:
- $2 million in workforce development over two years
- $2 million energy efficiency program for low-income customers
- Higher standards for the reliability of electric service for our customers
- Continued commitment to workforce diversity
- Debt forgiveness for accounts over three years past due for low-income families
Exelon and Pepco Holdings completed their merger transaction on March 23, following the approval of the deal by the Public Service Commission of the District of Columbia.
The merger has brought together 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.
The utilities will keep their identities, with Delmarva maintaining its headquarters near Newark.
