Delmarva Power & Light Company $200 Million First Mortgage Bond Offering

Hunton & Williams LLP advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotia Capital (USA) Inc. as joint book-running managers on an SEC-registered offering by Delmarva Power & Light Company (“Delmarva Power”) of $200 million aggregate principal amount of first mortgage bonds due 2045.

Delmarva Power is a regulated public utility company engaged in the transmission, distribution and default supply of electricity in the State of Delaware and in Caroline, Cecil, Dorchester, Harford, Kent, Queen Anne’s, Somerset, Talbot, Wicomico and Worcester counties in Maryland. Delmarva Power also supplies and delivers natural gas to retail customers and provides transportation-only services to retail customers that purchase natural gas from another supplier and have the natural gas delivered through Delmarva Power’s distribution facilities. As of December 31, 2014, Delmarva Power delivered electricity to 510,000 electric customers and 128,000 natural gas customers.

The Hunton & Williams LLP team included Steve Friend and Christina Kwon.