Delmarva Power customers could be seeing a $40 million one-time credit on their utility bills in the near future.
It’s part of a concession in the proposed $6.8 billion Exelon-Pepco Holdings merger.
The money would be the result of the two companies bringing their operations together.
The credit is an alternative to a larger credit that would have been spread out over a decade.
The deal also appears to give a boost to renewable energy.
The Wilmington News Journal reports that the merger would result in a study of wind energy in Kent and Sussex counties as well as buying three 40 megawatt land-based wind energy credits between 2017 through 2023.
The Public Service Commission still has to approve Delaware’s portion of the deal.
If it goes through it would make it the largest electric and gas utility in the Mid-Atlantic region.
