RICHMOND — The State Corporation Commission (SCC) has approved a series of applications that collectively result in the withdrawal of Delmarva Power & Light Company from the Virginia market as a provider of retail electric service. The sale of Delmarva's Eastern Shore service territory and facilities to A&N Electric Cooperative involves 22,400 customers.
A&N currently serves over 11,000 customers in portions of Accomack and Northampton counties in Virginia. When the acquisition is complete, A&N will become the distributor of electric service for all residents of Virginia's Eastern Shore.
The Commission said that under the statute that must be followed, "We are satisfied that adequate service at just and reasonable rates will not be impaired or jeopardized by granting the requested transfers."
Delmarva's 69-kilovolt transmission facilities on the Eastern Shore will be purchased and operated by Old Dominion Electric Cooperative. Old Dominion is a utility aggregation cooperative that provides generation, transmission, and related services to electric distribution cooperatives serving customers in Virginia, Delaware, Maryland, and parts of West Virginia.
The SCC also approved special rates that apply to Delmarva's current Virginia customers during a four-year transition period following A&N's acquisition of Delmarva's service territory. According to A&N, no customer will receive an increase in rates on their first bill as compared to the Delmarva rates effective as of June 1, 2007, and many of Delmarva's residential customers in Virginia will see a rate decrease.
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Case Numbers:
- PUE-2007-00060 – Joint petition of ANEC and Delmarva Power for approval of purchase and sale of service territory and facilities
- PUE-2007-00061 – Joint application of ANEC and Delmarva Power for approval of certificates of public convenience and necessity
- PUE-2007-00062 – Joint petition of Old Dominion Electric Cooperative and Delmarva Power for approval of purchase and sale of transmission facilities
- PUE-2007-00063 – Joint application of Old Dominion Electric Cooperative and Delmarva Power for approval of certificates of public convenience and necessity
- PUE-2007-00065 – Application of ANEC for approval of special rates