Exelon To Acquire Parent Company Of Delmarva Power - 47 ABC - Delmarva's Choice

Exelon To Acquire Parent Company Of Delmarva Power

Posted: Updated:

47 ABC - Utility company Exelon Corp. is set to acquire Pepco holdings Inc., the parent company of Delmarva Power.

The $6.83 billion cash deal would create the largest electric and gas utility company in the Mid-Atlantic region. The combined utility businesses will serve approximately 10 million customers when the transaction is complete in about 12 -15 months.

So what does this mean for Delmarva Power customers?

"There will be a $100 million customer investment fund which will be used to fund things such as rate credits, low income energy assistance, energy efficiency programs. So that's good news for customers," Delmarva Power Spokesperson Matt Likovich said.

The transition will also give the company extra manpower and resources, meaning faster restoration during severe weather. At this time, we're told there will be no changes to customer rates.

  • ContestsMore>>

  • Midway Speedway Giveaway

    Midway Speedway Giveaway

    Thursday, June 26 2014 7:57 AM EDT2014-06-26 11:57:18 GMT
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
  • Free Tuition Contest

    Free Tuition Contest

  • Most Popular StoriesMost Popular StoriesMore>>

  • Homeless Sex Offenders

    Homeless Sex Offenders

    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
  • One Of Wicomico Co.'s Most Wanted Arrested In PA

    One Of Wicomico Co.'s Most Wanted Arrested In PA

    Tuesday, July 29 2014 12:21 PM EDT2014-07-29 16:21:36 GMT
    WICOMICO CO., Md. - A man Police in Wicomico County have been searching for, for three years, has been apprehended. The Wicomico County Sheriff's Office says on July 23rd, an Officer from the Mt. JewettMore >>
    WICOMICO CO., Md. - A man Police in Wicomico County have been searching for, for three years, has been apprehended.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.