Merger trig­gers $50 cred­its for Del­marva cus­tomers

Cecil Whig - - LOCAL - WHIG STAFF RE­PORT

— Del­marva Power Com­pany will be is­su­ing two $50 cred­its to its 43,000 Ce­cil County cus­tomers as part of its merger with Ex­elon Cor­po­ra­tion, a com­pany

NE­WARK

spokesman an­nounced last week.

Pepco Hold­ings, Del­marva’s par­ent com­pany, com­pleted the merger trans­ac­tion on March 23 cre­at­ing a util­ity gi­ant with Bal­ti­more Gas and Elec­tric and PECO among the com­pa­nies now un­der the same cor­po­rate um­brella.

As part of the merger agree­ment, more than $17 mil­lion in cred­its will be given to cus­tomers in two in­stall­ments. The first was is­sued im­me­di­ately. The sec­ond will ap­pear on an­other bill within the next 12 months.

“This is the be­gin­ning of many ben­e­fits re­sult­ing from our merger with Ex­elon,” said Gary Stock­bridge, Del­marva Power re­gion president, in a statement is­sued last week.

Other ben­e­fits, ac­cord- ing to Stock­bridge, in­clude higher stan­dards for ser­vice re­li­a­bil­ity, more than $1 mil­lion in work­force de­vel­op­ment, and $11.7 mil­lion in en­ergy ef­fi­ciency pro­grams, es­pe­cially tar­get­ing af­ford­able multi-fam­ily hous­ing.

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