Delmarva Power & Light Co, founded in 1909 and headquartered in Wilmington, Delaware, is a subsidiary of Exelon Corporation dedicated to providing reliable electricity and natural gas services to residential and commercial customers across the Delmarva Peninsula. The company serves over 500,000 customers, overseeing a comprehensive energy delivery network that emphasizes sustainability and innovation in energy management.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Delmarva Power began issuing bonds to finance its infrastructure developments and expansion efforts in the mid-20th century, and notable issuances include a $250 million bond offering in 2021 used for grid modernization projects. Current bond yields are competitive within the utility sector, reflecting stable credit ratings historically maintained by the company. Recently, Delmarva Power announced plans to issue green bonds aimed at funding sustainable energy projects, which are expected to attract environmentally conscious investors and further enhance its commitment to sustainability initiatives.