#Power utility companies in delaware professional

Moody's Investors Services, Standard & Poor's Corporation, and Fitch Ratings have assigned ratings of 'A2', 'A', and 'A', respectively, to DEMEC.

#Power utility companies in delaware professional

DEMEC also assists member utilities with technical and professional training programs, project development, customer retention, economic development, customer education, capital finance, infrastructure improvements and technical information sharing efforts for improved operating efficiency and reliability in their individual systems.ĭEMEC maintains a strong balance sheet and efficient, well-managed business operations. DEMEC provides its members with the benefits of joint and combined buying power. In addition to power supply, DEMEC provides legal and technical consulting services to its members, as well as representation in the federal and regional arenas regarding electric industry regulation and operation.

DEMEC supplies these requirements from a portfolio of owned generation assets, including utility scale solar and wind generation facilities, bilateral contracts with third-party suppliers, and through participation in the PJM Interconnection, LLC regional markets. The City of Newark is the second largest municipality in the DEMEC service territory with a peak load of 93.4MW and over 13,000 meters serving 33,000 residents.Įight of the nine members receive 100% of their power requirements from DEMEC and one member receives partial requirements service. The largest is Dover, with 23,200 meters, while the smallest, Clayton, has only 1,372 meters. The DEMEC member distribution systems vary in size and character. The nine DEMEC member utilities combined serve about 67,200 end-use meters and a population of about 129,217, with a combined peak demand of 468 MW in 2016. The President directs the efforts of the staff members and various contractual relationships in place to meet the service requirements of the members. The responsibility for day-to-day operations of the Agency resides with a President appointed by the Board. The ultimate mission of DEMEC is to advance the principles of public power community ownership and provide competitive, reliable energy supply and services to our member’s stakeholders and customers.ĭEMEC is governed by a nine-member Board of Directors, with one director from each of the nine member municipal electric utilities. The municipal electric utilities and Joint Action Agencies are nationally represented by the American Public Power Association (APPA), (). In total, there are over 2,000 municipal electric utilities in operation in the United States today. The DEMEC members are: Clayton, Dover, Lewes, Middletown, Milford, Newark, New Castle, Seaford, and Smyrna.Ībout 29 similar Joint Action Agencies exist in the United States. The members of DEMEC comprise all the major towns in Delaware except Wilmington. The creation of DEMEC was made possible by an act of the Delaware General Assembly on June 6, 1978, and the entity was incorporated on July 12, 1979. DEMEC represents the nine municipal electric distribution utilities located in the state of Delaware. (DEMEC) is a public corporation constituted as a Joint Action Agency and a wholesale electric utility. Delaware Municipal Electric Corporation (DEMEC)ĭelaware Municipal Electric Corporation, Inc.