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Lewes, Delaware
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January 3, 1997     Cape Gazette
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January 3, 1997
 

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Delmarva Power Continued from page 36 New Jersey and on the Delmarva Peninsula and will continue to use our local brand names in many sit- uations, the name Connectiv will give us a broader reach into the re- gion." Once the merger process is complete, Connectiv will be a di- versified energy company with over one million customers, more than 5,500 megawatts of electric generation resources, approxi- mately $2.2 billion in annual rev- enues and assets exceeding $6 bil- lion. In making the announcement, Cosgrove said the name Connec- tie will reflect the company's con- nections to all of its stakeholders. "Whether it's energy through wires and pipes to homes and businesses; connecting service technicians, service trucks, and solutions to people with energy- related problems; connecting phone signals from friend to friend; connecting employees to Telecommunications Continued from page 36 area providers over a fiber optic network. The new company will also pro- vide engineering and construction services for copper and both dark and lit fiber optic cable through- out the Delmarva Peninsula and neighboring states to both telecommunications and private corporate and institutional cus- tomers. Laird Levinson, vice-president and chief operating officer of the new subsidiary, said the formation of Delmarva Telecommunica- tions, Inc., is a natural extension of Delmarva Power's in-house ex- pertise. "Delmarva Power began build- ing a fiber optic telecommunica- tions system in 1987 to serve our own communications needs. We've just completed our SONET network which connects all of our sites in a telecommunications ring from Newark, Del., to Salisbury, Md. We'll be adding a Wilming- ton-Newark ring in the near fu- ture." REAL ESTATE SETTLEMENTS That system, he said, has re- ceived international attention. "We've had telecommunications experts from all over the world - Great Britain, Europe and even RuSsia and China, come to us to learn how to build a solid net- work," Levinson added. "It's just natural that we should extend that in-house communications exper- tise as a service for business cus- tomers." Levinson said numerous loca- tions were built into the existing communications ring where voice, data, and even Internet providers will be able to connect to the existing information high- way structure, rather than building their own. To further support its offering to telecommunications and private customers, a five-mile fiber optic ring is currently under construc- the many communities we serve; or connecting increased value to our shareholders; our combined company will literally be in touch with our customers, communities, and shareholders," Cosgrove said. Jacobs said the Connectiv name will evolve as the two companies continue to work to come togeth- er. "Developing the identity for our new combined company is one part of an ongoing .merger process," Jacobs said. "Our next steps include creating the logo and new look for Connectiv." Atlantic Energy, headquartered in Egg Harbor Township, N.J., is an investor-owned holding com- pany for Atlantic Electric and sev- eral non-regulated affiliates. Atlantic Electric, a regulated electric utility, is Atlantic Ener- gy's primary subsidiary and makes up 94 percent of the com- pany's total assets of more than $2.6 billion. Atlantic Electric serves more than 473,000 cus- tomers in Southern New Jersey. The company has nearly $1 bil- lion in annual revenues. I tion in the city of Wilmington. That ring will be accessible to 35 of the largest office buildings in the city. Final engineering plans have also been completed for a Wilmington-Newark fiber optic ring, as well as a build-out to the Bell Atlantic Central office in Together, the Atlantic Energy companies provide a wide variety of energy-related products and services, including home energy management, commercial utility services, fuel management, and bulk power marketing. Delmarva Power & Light Com- pany is an investor owned utility providing service to approximate- ly 440,000 electric customers and 100,000 gas customers. The com- pany has more than $1 billion in annual revenue and $3 billion in assets. In addition, Delmarva Power owns and operates service-orient- ed subsidiaries which offer re- gional home and business cus- tomers heating, air-conditioning and mechanical services, electri- cal contracting, telecommunica- tions services, various energy management services, and a grow- ing portfolio of energy-related products. In August, 1996, Delmarva Power and Atlantic Energy an- nounced their intent to merge, calling the strategic pairing a "nat- uraIfit." I Newark. Levinson said future DTI plans include construction of communi- cations rings in Cecil County, Md., from Perryman, Md., to Gloucester, NJ, and a telecommu- nications network to serve York County and Harrisburg, Pa. ROBERT V. WITSIL, JR. ATrORNEY AT LAW EVENING AND WEEKEND SETI'LBMENTS BY APPOINTMENT 120 SOUTH BEDFORD ST. 420 REHOBOTH AVE. GEORGETOWN, DE 19947 REHOBOTH BEACH, DE 19971 TEL. (302)855-0120 TEL. (302) 227-4107 FAX (302)855-0395 - Listing of areas o practice does not represent speclizatlon in these areas. CAPE GAZETTE,.Friday, January 3 - Jantary 9, 1997 - 37 DeVries BPW Club to meet Jan. 7 The DeVries Business and Professional Women's Club of Lewes will hold its next meeting on Tuesday, Jan. 7 at the Lamp Post Restaurant, Midway. 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