Delmarva Power buys $140M worth of goods from diverse suppliers

NEWARK – In 2022, Delmarva Power spent $140 million on products and services from diversity-certified suppliers, which was 40% of all expenditures made by the business. In the company’s more than 100-year history, this amount—up $28 million from 2021—is the highest ever spent with a variety of vendors.

According to Rodney Oddoye, senior vice president of Governmental, Regulatory and External Affairs at Pepco Holdings, which also comprises Delmarva Power, “We take tremendous pride in growing our commitments with local and diverse suppliers.” “Our dedication to diversity, equity, and inclusion benefits both our customers and the communities in which we operate, and these supplier diversity partnerships are just one of the many ways in which this is true. The local and diversified communities we serve depend on these investments to fuel their economies.

Diversity, equity, and inclusion are fundamental principles for Delmarva Power as well as its parent firm Exelon. These principles apply to both the company’s interactions with the communities it serves as well as its workplace. Exelon, the largest utility company in the US with over 10 million consumers, has spent over $13 billion with businesses that have diversity-certification over the last five years, including more than $2.8 billion in 2022. Exelon is a member of the Billion Dollar Roundtable, a prestigious national advocacy group that supports corporate supplier diversity excellence, as a result of its dedication to diverse suppliers.

Christine Meyer, president and CEO of Battaglia Companies, said, “It is an honor to have a partner like Delmarva Power as a woman-owned company that is committed to workforce development and values our community.” Delmarva Power is a proud partner and contractor of choice due to its dedication to a multicultural and regional workforce and unwavering focus on safety and quality.

Exelon revealed a $36 million Racial Equity Capital Fund last year to aid minority-owned companies in the regions where its utilities operate, including the service area of Delmarva Power. The Racial Equity money Fund was created to assist minority-owned firms in acquiring money, fostering growth and creating job opportunities in areas that have historically been underserved, under-resourced, and ignored by investors and conventional funding sources.

The Empowerment Academy, formerly Target 25, offers prospective suppliers an opportunity to learn more about Delmarva Power’s procurement procedures and its parent company Exelon, advancing the growth and development of each vendor’s relationship with the energy company. This is done as part of Delmarva Power’s commitment to expand its procurement efforts with local diversity-certified suppliers. Delmarva Power launched the Empowerment Academy and has since graduated seven suppliers who have received diversity certifications. Delmarva Power now plans to make this opportunity available to even more local, diverse suppliers.

Businesses interested in working with Delmarva Power and other Exelon enterprises can register and give important information, including their diversity status, at exeloncorp.com/Suppliers.