DEMEC

AcronymDefinition
DEMECDelaware Municipal Electric Corporation (established 1979 as a Joint Action Agency for Public Power)
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The bonds are secured by net revenues from the Power Sales Contracts (PSC) between DEMEC and its seven members.
Cost of Power: The addition of the planned second unit at Beasley and the Fremont Energy Center PPA (Fremont) should enable DEMEC to have more control over its power costs especially during peak periods.
Fitch Affirms Delaware Municipal Electric Corp's (Smyrna, DE) Electric Revs at 'A-'; Outlook Stable
Dover, Delmarva Power, DEMEC, the SEU and LS Power with support from the State legislative and executive branches have been developing this project for the last six months to be a model of cooperation in the pursuit of innovative solutions to our collective energy and climate challenges.
City of Dover, Delmarva Power, Partnering for 10 MW Solar Park
While weak compared with other Fitch rated systems, DEMEC benefits from an absolute call on members for unexpected liquidity needs.
DEMEC is a joint action agency providing wholesale energy to nine municipal electric systems in the state of Delaware (GO rated 'AAA' by Fitch) serving 10,000 number of customers.
Fitch Affirms Delaware Municipal Electric Corporation at 'A-'; Outlook Stable
Going forward, DEMEC expects its members' demand for both peak and base load power to increase fairly rapidly, and management is exploring several options to meet this growth.
Fundamental strength for the rating is provided by the financial stability of DEMEC and the individual project participants the project's favorable economics, and DEMEC's importance to the member systems as a voice on regional transmission and reliability issues.
Fitch Affirms 'A-' Rating of Delaware Muni Elect Corp.'s Rev Bonds
The existing arrangement has been beneficial to DEMEC, both on a power supply and price basis, and at this time, it is somewhat unclear what the future power supply mix will look like.
Fitch Rts Delaware Muni Elect Corp's $36MM Ser 2001 Revs `A-`
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