Delmarva Power Completes Sale of Virginia Operations - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Written by Kye Parsons

Delmarva Power Completes Sale of Virginia Operations

01/02/2008 3:10 PM ET

EXMORE, Va.- Delmarva Power on Wednesday transferred control of its Virginia operations to A&N Electric Cooperative and Old Dominion Electric Cooperative.

According to the utility, this completed an approximately $44 million transaction that was approved by the Virginia State Corporation Commission and the Federal Energy Regulatory Commission.

Under terms of the sale, A&N Electric Cooperative will acquire all of Delmarva Power's distribution assets as well as other related assets in Virginia.

Delmarva Power will continue to own and operate the 138kV (kilovolt) and 69 kV transmission lines near the border of Maryland and Virginia. Old Dominion Electric Cooperative will own and operate the remainder of the Virginia transmission assets.

Conectiv Energy will continue to own and operate the generation facilities located in Bayview and Tasley.

According to Delmarva Power, there were no layoffs of its Virginia employees as a result of these transactions. Delmarva Power offered positions at locations in Maryland and Delaware to its management and union employees who currently work in Virginia. Those employees who have chosen to stay with Delmarva Power will move to their new jobs this month. Some Delmarva Power employees opted to work for A&N Electric Cooperative.

"This transaction enables Delmarva Power to focus on Maryland and Delaware where the majority of our customers reside," said Gary Stockbridge, president of Delmarva Power. 

The original electric service provider on Virginia's Eastern Shore was Eastern Shore Public Service Company, which was acquired by Delaware Power & Light in 1943. Delaware Power & Light changed its name to Delmarva Power & Light in 1966. The company shortened its corporate signature to Delmarva Power in 1972. Until today, Delmarva Power had served approximately 22,000 customers in Virginia.

A&N Electric Cooperative was incorporated in 1940 and is a not-for-profit, member-owned energy provider with headquarters in Tasley, Va. A&N Electric Cooperative will now serve approximately 33,000 customers in Accomack and Northampton counties in Virginia and Somerset County, Md.


 

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Fire Demonstration Highlights Importance of Home Sprinkler Systems

    Fire Demonstration Highlights Importance of Home Sprinkler Systems

    Sunday, February 17 2019 4:00 PM EST2019-02-17 21:00:00 GMT
    Sunday, February 17 2019 4:00 PM EST2019-02-17 21:00:00 GMT
    On Sunday the Pittsville Volunteer Fire Department hosted a unique demonstration to highlight the importance of home sprinkler systems.More
    On Sunday the Pittsville Volunteer Fire Department hosted a unique demonstration to highlight the importance of home sprinkler systems. More
  • State Police Investigate Stabbing in Lincoln

    State Police Investigate Stabbing in Lincoln

    Sunday, February 17 2019 4:02 PM EST2019-02-17 21:02:24 GMT
    Sunday, February 17 2019 4:02 PM EST2019-02-17 21:02:24 GMT
    Authorities say a Delaware man has been found dead after a domestic incident in which his wife was stabbed.More
    Authorities say a Delaware man has been found dead after a domestic incident in which his wife was stabbed.More
  • "Family Ties" Stars Visit WBOC

    "Family Ties" Stars Visit WBOC

    Sunday, February 17 2019 7:28 AM EST2019-02-17 12:28:56 GMT
    Sunday, February 17 2019 7:28 AM EST2019-02-17 12:28:56 GMT
    (Photo: WBOC)(Photo: WBOC)
    (Photo: WBOC)(Photo: WBOC)
    For TV viewers in the 1980s, there was one sit-com that millions of families could relate to: "Family Ties." Two of the stars, Meredith Baxter and Michael Gross, paid a visit to the WBOC Newsplex.More
    For TV viewers in the 1980s, there was one sit-com that millions of families could relate to: "Family Ties." Two of the stars, Meredith Baxter and Michael Gross, paid a visit to the WBOC Newsplex.More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Seaford Man Charged with Home Improvement Fraud

    Seaford Man Charged with Home Improvement Fraud

    Sunday, February 17 2019 12:05 AM EST2019-02-17 05:05:59 GMT
    Sunday, February 17 2019 12:05 AM EST2019-02-17 05:05:59 GMT
    William ParlierWilliam Parlier
    William ParlierWilliam Parlier
    Delaware State Police have arrested a Seaford man on multiple count of home improvement fraud and related charges.More
    Delaware State Police have arrested a Seaford man on multiple count of home improvement fraud and related charges.More
  • State Police Discover Meth Lab In Harrington

    State Police Discover Meth Lab In Harrington

    Sunday, February 17 2019 12:23 AM EST2019-02-17 05:23:47 GMT
    Sunday, February 17 2019 12:24 AM EST2019-02-17 05:24:30 GMT
    Delaware State Police arrest two men on multiple drug charges and one in connection with the operation of a meth lab.More
    Delaware State Police arrest two men on multiple drug charges and one in connection with the operation of a meth lab.More
  • "Family Ties" Stars Visit WBOC

    "Family Ties" Stars Visit WBOC

    Sunday, February 17 2019 7:28 AM EST2019-02-17 12:28:56 GMT
    Sunday, February 17 2019 7:28 AM EST2019-02-17 12:28:56 GMT
    (Photo: WBOC)(Photo: WBOC)
    (Photo: WBOC)(Photo: WBOC)
    For TV viewers in the 1980s, there was one sit-com that millions of families could relate to: "Family Ties." Two of the stars, Meredith Baxter and Michael Gross, paid a visit to the WBOC Newsplex.More
    For TV viewers in the 1980s, there was one sit-com that millions of families could relate to: "Family Ties." Two of the stars, Meredith Baxter and Michael Gross, paid a visit to the WBOC Newsplex.More
Powered by Frankly

All content © Copyright 2000 - 2019 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices