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DELMARVA POWER PROPOSES REDUCTION IN THE PRICE OF ELECTRICITY

 WILMINGTON, Del., Oct. 29 /PRNewswire/ -- Delmarva Power & Light Company (NYSE: DEW) submitted a proposal to the Delaware Public Service Commission yesterday asking to decrease the price of electricity to more than 239,000 customers in Delaware by lowering the fuel adjustment rate.
 If the proposed decrease is approved, the price of electricity for a residential non-space-heating customer using 750-kilowatt hours of electricity per month would drop from $71.13 to $70.62 per month -- a decrease of about 1 percent, or 51 cents per month, effective Jan. 1, 1994.
 Delmarva Power said it does not profit from the fuel adjustment rate. Each autumn the company is required to present the Public Service Commission with a proposed fuel adjustment rate for the upcoming year. To help customers budget their energy costs, the commission and the company try to establish a rate which is expected to remain constant for the entire year unless an unusual event occurs affecting the price or supply of fuel. Any over- or under-collections are tabulated and reflected in the next year's rate.
 The primary reason for the proposed fuel adjustment decrease is that current tabulations show the balance is currently in the customer's favor resulting mainly from lower-than-expected delivered oil prices, the company said.
 /delval/
 -0- 10/29/93
 /CONTACT: Wallace C. Judd Jr., manager of media relations, of Delmarva Power, 302-429-3595/
 (DEW)


CO: Delmarva Power & Light Company ST: Delaware IN: UTI SU:

MK-MS -- PH031 -- 8596 10/29/93 14:48 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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