Delmarva Power Submits Bidders’ Proposed Term Sheets

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Wilmington, Del.-headquartered Delmarva Power, a public utility held by Pepco Holdings Inc., has submitted to the Delaware Public Service Commission (DPSC) and Delaware state agencies proposed term sheets from the three bidding parties involved in negotiations over a potential 25-year power supply arrangement for Delmarva's Delaware electricity customers.

The potential power supply arrangement is a hybrid structure that would consist of a primary 450 MW offshore wind farm proposed by Bluewater Wind and 200 MW to 300 MW of natural gas backup generation provided by either Conectiv or NRG Energy, according to Delmarva. The two contracts in the hybrid structure, if implemented, could be among the largest the state of Delaware has ever considered.

Now that the proposed term sheets have been submitted, both DPSC staff and Delmarva Power will begin carefully evaluating the offers, the utility adds.

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