---
schema_version: "secwatch.filing_event.v1"
accession: "0000079732-26-000005"
form_type: "8-K"
ticker: null
cik: "0000027879"
company_name: "DELMARVA POWER & LIGHT CO /DE/"
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:44:49.010479+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Three Pepco subsidiaries issue $550M in first mortgage bonds across multiple series

## Summary
- ACE issued $100M of 4.95% First Mortgage Bonds due March 19, 2036.
- DPL issued $150M total: $75M of 5.00% due Sept 2036 and $75M of 5.74% due March 2056.
- Pepco issued $300M: $110M of 5.00% due 2036, $60M of 5.30% due 2041, $130M of 5.74% due 2056.
- All bonds sold via private placement under Section 4(a)(2) exemption; closed March 19, 2026.
- Proceeds to repay existing indebtedness and for general corporate purposes.

## SEC filing metadata
- accession: 0000079732-26-000005
- form_type: 8-K
- cik: 0000027879
- company_name: DELMARVA POWER & LIGHT CO /DE/
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27879/000007973226000005/0000079732-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8192/000007973226000005/exc-20260319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079732-26-000005
- JSON: https://secwatch.observer/filing/0000079732-26-000005.json
- Plain text: https://secwatch.observer/filing/0000079732-26-000005.txt

## Source-grounded claims
- claim_id: 048ba7ee67eda2a4d4925e03f6f549bc046ab4ea
  claim: DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $130 million aggregate principal amount with institutional investors at 5.74% maturing June 17, 2056.
  evidence_excerpt: On March 19, 2026, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $110 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due March 19, 2036 (the 2036 Pepco Bonds), (ii) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 19, 2041 (the 2041 Pepco Bonds and, together with the 2036 Pepco Bonds, the Initial Pepco Bonds) and (iii) $130 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due June 17, 2056.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000007973226000005/0000079732-26-000005-index.htm
- claim_id: 464c561f5b4c3eec9df9893a5551b0c047cd6b7b
  claim: DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $100 million aggregate principal amount with institutional investors at 4.95% maturing March 19, 2036.
  evidence_excerpt: On March 19, 2026, ACE entered into the ACE Purchase Agreement for the offer and sale of $100 million aggregate principal amount of its First Mortgage Bonds, 4.95% Series due March 19, 2036 (the “ACE Bonds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000007973226000005/0000079732-26-000005-index.htm
- claim_id: 630ef947c87245b1a6e1a0f23636a43c75ff5c99
  claim: DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with institutional investors at 5.74% maturing March 19, 2056.
  evidence_excerpt: On March 19, 2026, DPL entered into the DPL Purchase Agreement for the offer and sale of (i) $75 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due September 16, 2036 and (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due March 19, 2056 (the “Initial DPL Bonds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000007973226000005/0000079732-26-000005-index.htm
- claim_id: 64248c535f85db8ae040e9750620a59002733499
  claim: DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $60 million aggregate principal amount with institutional investors at 5.30% maturing March 19, 2041.
  evidence_excerpt: On March 19, 2026, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $110 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due March 19, 2036 (the 2036 Pepco Bonds), (ii) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 19, 2041 (the 2041 Pepco Bonds and, together with the 2036 Pepco Bonds, the Initial Pepco Bonds) and (iii) $130 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due June 17, 2056.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000007973226000005/0000079732-26-000005-index.htm
- claim_id: 9f1e75e25f902e83c2da17a5e3ef64de40102a50
  claim: DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with institutional investors at 5.00% maturing September 16, 2036.
  evidence_excerpt: On March 19, 2026, DPL entered into the DPL Purchase Agreement for the offer and sale of (i) $75 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due September 16, 2036 and (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due March 19, 2056 (the “Initial DPL Bonds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000007973226000005/0000079732-26-000005-index.htm
- claim_id: e11780930514a0e62cf26dd205e91f57870cc70a
  claim: DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $110 million aggregate principal amount with institutional investors at 5.00% maturing March 19, 2036.
  evidence_excerpt: On March 19, 2026, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $110 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due March 19, 2036 (the 2036 Pepco Bonds), (ii) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 19, 2041 (the 2041 Pepco Bonds and, together with the 2036 Pepco Bonds, the Initial Pepco Bonds) and (iii) $130 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due June 17, 2056.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000007973226000005/0000079732-26-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.