City of Dover, Delmarva Power, Partnering for 10 MW Solar Park

Utilities Enter Final Negotiations for Region`s Largest Solar Facility
DOVER, Del.--(Business Wire)--
The City of Dover and Delmarva Power are finalizing agreements that would lead
to the construction of a 10 megawatt, solar power plant on the city`s Garrison
Oak Technology Park, to be named Dover SUN Park. Dover`s Utility Committee will
be reviewing one of the foundational contracts, a solar energy purchase
agreement, at its regularly scheduled Committee meeting July 13, 2009 at 5pm
followed by a recommendation to City Council.

The Dover SUN Park would be the first, utility-scale, solar power plant in the
region and would be owned by White Oak Solar Energy, LLC, an affiliate of LS
Power. The project would supply enough clean power for more than 1,700 homes and
create about 150 local jobs during construction. In addition to Delmarva Power,
the Delaware Municipal Electric Corporation (DEMEC) and the state`s Sustainable
Energy Utility (SEU) are also considering participation in the project.

"This is a very exciting project for the City of Dover, the State of Delaware
and our nation as we all work together to reduce carbon dioxide emissions by
investing in clean energy," said Dover Mayor Carleton E. Carey, Sr. "Dover`s
leadership in this project demonstrates not only our commitment to renewable
energy but also the wisdom of the State`s legislators who allowed for the
creation of voluntary renewable energy programs. We look forward to finalizing
this agreement with LS Power and working with Delmarva Power, as well as other
utilities, and state and federal agencies."

"Dover also wishes to recognize Pace Global Energy Services for its guidance and
expertise - Pace represents our interests and has managed the process for all
participants and stakeholders," Mayor Carleton said.

Delmarva Power President Gary Stockbridge said: ""The Dover SUN Park, when
finalized and combined with our four wind energy projects, will go a long way
toward ensuring Delmarva Power meets the state of Delaware`s clean energy goals,
which is for 20 percent of our power supply to come from renewable sources by
2019.

"Delmarva Power is extremely proud to partner with the City of Dover and LS
Power for such a ground-breaking renewable energy project," Stockbridge said.

Dover has already initiated reduction of its carbon footprint by constructing a
5kW photovoltaic solar array at its Electric Administration building; a second
photovoltaic solar array at the Dover Power plant is currently planned. Dover
has also upgraded its power plants to utilize a cleaner fuel mix. The City
recently began offering to all residents a free residential energy audit, where
they will come to your home and, with the aid of a thermal image camera,
identify cost effective upgrades to conserve energy. In experimenting with
energy efficiency, the city also has installed LED street lights which can be
viewed along Walker Road.

Delmarva Power ranks among the first of its Mid-Atlantic Region peer utilities
to meet the aggressive, renewable energy goals mandated by any one state. For
instance, the company expects to be receiving energy for the first of its three
new land-based wind farms by the end of this year; the solar project to be
completed in 2010; and the offshore wind project to be up and running between
2012 and 2014.

The SEU and Dr. John Byrne are thanked for innovative suggestions and efforts to
support this project. As Senator Harris B. McDowell notes, "The Dover SUN Park
is exactly the sort of initiative we need to move our State toward a sustainable
energy future and the SEU is proud to promote its development."

The proposed Dover SUN Park resulted from a request for proposals initiated by
the City in March 2008 seeking power-generating sources that were reliable, cost
competitive and environmentally prudent. Following nine months of careful
analysis, in December Dover selected a leading developer, LS Power, as its
partner in planning and constructing the 90-acre solar pv project, the largest
planned for the region to date. Dover, Delmarva Power, DEMEC, the SEU and LS
Power with support from the State legislative and executive branches have been
developing this project for the last six months to be a model of cooperation in
the pursuit of innovative solutions to our collective energy and climate
challenges. The Dover Sun Park will be the first tenant within the 389 acre
Garrison Oak Technology Park, owned by The City of Dover.

About City of Dover

The City of Dover is located in Central Delaware in Kent County and is the
capital of Delaware. Dover is approximately 90 miles south of Philadelphia, PA,
and 90 miles east of Washington, DC. While its population is significantly less
than that of Wilmington, Delaware, Dover encompasses a larger area than any
other city on the Delmarva Peninsula. In contrast to most major cities in the
Northeast United States, Dover is continuing to grow economically, in
population, and in land area. The City has an estimated population of 36,359.

About Delmarva Power

Delmarva Power, a public utility owned by Pepco Holdings, Inc. (NYSE:POM),
provides safe and reliable energy to nearly 500,000 electric delivery customers
in Delaware and Maryland and over 121,000 natural gas delivery customers in
northern Delaware.

About DEMEC

The Delaware Municipal Electric Corporation, Inc (DEMEC) (www.demecinc.net) is a
joint action agency providing power supply to nine municipally-owned
distribution utilities in Delaware through owned generation assets and power
purchased from other generators in the PJM region. For information call Patrick
E. McCullar at 302 653-2733.

About SEU

The Sustainable Energy Utility serves the green energy needs of all households
and businesses through a comprehensive package of services that includes high
efficiency technologies and appliances, expansion of weatherization services,
and implementation of distributed renewable energy such as solar electric
systems. The SEU has been described as "perhaps the most comprehensive energy
savings and distributed renewables program in the United States" by the
Institute for Electrical and Electronic Engineers. Visit http://www.seu-de.org/

About LS Power

LS Power is a power generation and transmission group with a proven track record
of successful development activities, operations management and commercial
execution. LS Power has been involved in the development, construction, or
operations of over 20,000 MW of power generation throughout the United States.
LS Power is actively developing both power generation and transmission
infrastructure to serve the need for new generation and improve the aging
transmission system. Highly regarded in the financial community, LS Power has
raised over $11 billion in debt and equity since 2005. For more information,
see: www.lspower.com.

About Pace Global Energy Services

Since 1979, Pace has provided innovative energy services to support execution of
business strategies, complex energy transactions, asset development and
operations in over 40 countries on six continents.Headquartered outside
Washington, D.C., Pace provides expertise and represents clients in all segments
of the energy value chain from exploration, production and generation through
transportation and distribution down to end use consumption.For more
information, please visit (http://www.paceglobal.com) or call 703.818.9100.

MEDIA:
City of Dover:
Kay Sass
Direct: 302-736-7003
kdietzsass@dover.de.us
or
Delmarva Power
Bridget Shelton
302-283-5808
Pager: 866-655-2237
Bridget.shelton@pepcoholdings.com
or
DEMEC
Patrick E. McCullar
302-653-2733

Copyright Business Wire 2009