Delmarva Power and Light Company

Name

Delmarva Power and Light Company

Legal name

Delmarva Power and Light Company

Website

https://delmarva.com

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Regulated Electric and Gas Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Multi-Utility Distribution Companies (Electric + Gas/Water Distribution) (EUADABAJ)

akta.pro secondary industry

Interconnection, Permitting & Grid Services for DERs (EUAMAJAH)

Keywords

• Regulated electric utility
• Electricity distribution services
• Natural gas distribution
• Utility rate services
• Energy delivery services

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. Electricity Distribution Services: Delmarva Power operates as a regulated investor-owned utility generating revenue through state-approved electricity distribution rates. Revenue is derived from base rate cases filed with the Delaware Public Service Commission, with recent filings seeking $67.8 million in annual base rate increases and separate electricity supply rate adjustments of 18-20% for Standard Offer Service customers.
2. Load Flexibility Programs: The utility has filed for a $37 million load flexibility program as part of its rate request, potentially including demand response and grid management services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Delmarva Power and Light Company is a regulated investor-owned electric and natural gas utility serving over 300,000 customers across Delaware and Maryland's Eastern Shore. The company transmits and distributes electricity through the PJM Interconnection grid and provides natural gas distribution services, with rates set through state Public Service Commission proceedings. Its offerings include Standard Offer Service (default electricity supply), natural gas distribution, load flexibility programs, and Vehicle-to-Grid (V2G) technology pilots.

Product overview

Delmarva Power and Light Company is a regulated electric and natural gas utility company serving over 300,000 customers in Delaware and Maryland's Eastern Shore. The company operates as a subsidiary of Exelon Corporation and provides core electricity distribution and natural gas services through its regulated utility infrastructure. Its product portfolio centers on Standard Offer Service for electricity supply, natural gas distribution, and emerging load flexibility programs. A notable innovation initiative includes Vehicle-to-Grid (V2G) technology pilots that enable electric vehicles to supply energy back to the grid during peak demand periods.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• V2G-enabled passenger EVs could earn up to $3,359 per year and heavier fleet vehicles over $9,000 per year by storing and supplying energy to the grid during peak demand

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• University of DelawarecoreStrategic or Co-development Partner · 16 April 2026The University of Delaware collaborated with Exelon Corporation/Delmarva Power on a vehicle-to-grid (V2G) technology pilot program completed at Delmarva Power offices. The research confirmed V2G technology is profitable and scalable, demonstrating that EV batteries remained fully functional after a year of market operation with no measurable reduction in battery health.
• PJM Board of DirectorscoreStrategic or Co-development Partner · 17 February 2026Exelon received approval from the PJM Board of Directors alongside NextEra Energy Transmission for a 220-mile, 765-kV transmission line project designed to enhance electric reliability across West Virginia, Pennsylvania, and the Mid-Atlantic region.
• Siemens EnergyminorStrategic or Co-development PartnerSiemens Energy conducted an analysis commissioned by the State of Delaware examining the impact of data centers on electricity demand and wholesale prices. The analysis found that a projected doubling of electricity demand by 2029, driven by planned data centers, could cause average wholesale electricity prices to rise more than 80%.
• NextEra Energy TransmissioncoreStrategic or Co-development PartnerJoint development of a 220-mile, 765-kV transmission line project to enhance electric reliability across West Virginia, Pennsylvania, and the Mid-Atlantic region, approved by PJM Board of Directors.
• State of DelawarecoreStrategic or Co-development PartnerDelaware commissioned Siemens Energy analysis on data center impact and is developing large-load tariff requiring data centers to pay deposits for infrastructure improvements. Delaware Public Service Commission opened docket on September 3, 2025, to develop tariff for data centers 25 MW or larger.
• Delaware Sea GrantminorStrategic or Co-development PartnerDelaware Sea Grant hosted public panel discussion 'Delaware's Energy Future: A Conversation with Experts' addressing rising energy prices, nuclear energy expansion, and electricity reliability concerns, with Delmarva Power serving northern Delaware customers mentioned in discussions.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Exelon Corporation: Exelon is the publicly traded parent holding company (NASDAQ: EXC) of Delmarva Power and Light. While a parent rather than a peer, Exelon is the controlling entity that defines Delmarva's capital allocation, regulatory strategy, and earnings outlook, making it the most relevant broad incumbent reference for the subsidiary's valuation and operating trajectory.
• Eversource Energy: Eversource is a large New England regulated electric, natural gas, and water utility serving Connecticut, Massachusetts, and New Hampshire. It is comparable to Delmarva Power as a multi-utility regulated operator with similar rate-case-driven earnings growth, grid modernization investments, and exposure to rising winter peak demand.
• Dominion Energy Virginia: Dominion Energy is a large multi-state regulated utility serving Virginia, the Carolinas, and Utah. It is comparable to Delmarva Power as a regulated investor-owned electric and gas utility in the broader Mid-Atlantic region with significant data center exposure (Northern Virginia) and similar PJM/wholesale market dynamics.

Direct peers

• ComEd: ComEd is the largest Exelon regulated electric utility, serving northern Illinois. While geographically distant, it is directly comparable to Delmarva Power as the flagship Exelon T&D subsidiary — same holding company, same rate-base-growth investment thesis, and a key reference point for Exelon capital allocation across its utility portfolio.
• Pepco: Pepco is a sister Exelon regulated electric utility serving Washington, D.C., and Maryland suburbs. It is directly comparable as an Exelon Mid-Atlantic regulated T&D utility, sharing parent-company governance, regulatory frameworks, and the PJM wholesale market exposure that drives Delmarva Power's Standard Offer Service pricing.
• PECO: PECO is a sister Exelon regulated electric and natural gas utility serving southeastern Pennsylvania. It is comparable to Delmarva Power as a multi-utility Exelon subsidiary with overlapping PJM market exposure, similar rate-base growth profile, and the same dual-fuel distribution operating model.
• Atlantic City Electric: Atlantic City Electric is a sister Exelon regulated electric utility serving southern New Jersey. It is directly comparable to Delmarva Power as another Exelon Mid-Atlantic T&D subsidiary operating in an adjacent PJM-connected service territory with a similar regulatory structure and customer mix.
• Baltimore Gas and Electric (BGE): BGE is a sister Exelon regulated electric and natural gas utility serving central Maryland, including the Baltimore area. It is the closest direct peer — same holding company, same dual electric/gas distribution model, same PJM Interconnection participation, and overlapping service territory with Delmarva Power on the Eastern Shore.

Regional players

• Delaware Electric Cooperative: Delaware Electric Cooperative is a member-owned electric distribution cooperative serving central and southern Delaware. It is comparable to Delmarva Power as a regulated electric distributor in Delaware but operates a non-overlapping service territory and competes for large-load customers and renewable interconnection requests in the same state.
• Choptank Electric Cooperative: Choptank Electric Cooperative is a member-owned electric distribution cooperative serving the Eastern Shore of Maryland and Delaware. It is comparable to Delmarva Power as a regulated electric distribution operator in the same Delmarva Peninsula geography, though structured as a cooperative rather than an investor-owned utility.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/delmarvaconnect
• Facebookfacebook.com/delmarvapower

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Delmarva Power and Light Company