8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 13, 2007
DELMARVA POWER & LIGHT COMPANY                                   (Exact name of registrant as specified in its charter)
Delaware and Virginia        (State or other jurisdiction         of incorporation)				001-01405      (Commission File Number)		51-0084283     (IRS Employer Identification No.)
800 King Street, P.O. Box 231, Wilmington, DE               (Address of principal executive offices)						19899              (Zip Code)
Registrant's telephone number, including area code           (202) 872-3526
Not Applicable                                        (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Delmarva Power & Light Company Form 8-K
Item 1.01		Entry into a Material Definitive Agreement.
		On June 13, 2007, Delmarva Power & Light Company (the "Company") entered into separate agreements to sell, respectively, all of its distribution assets and substantially all of its transmission assets in the Commonwealth of Virginia for an aggregate sales price of approximately $45 million, subject to closing adjustments.
		Distribution Purchase and Sale Agreement
		The Company has entered into a purchase and sale agreement (the "Purchase and Sale Agreement") with A&N Electric Cooperative ("A&N") to sell all of its assets principally related to the Company's business of distributing retail electric services to customers on the Eastern Shore of Virginia for a purchase price of $39,825,000, subject to closing adjustments. The Company expects the transactions to close during the fourth quarter of 2007 contingent upon the receipt of required regulatory approvals.
		The assets to be sold include real and personal property, accounts receivable and customer deposits. A&N will assume certain post-closing liabilities and unknown pre-closing liabilities related to the distribution assets including most environmental liabilities, except that the Company will remain liable for unknown pre-closing liabilities if they become known within six months after the closing date.
		The Purchase and Sale Agreement contains customary representations and warranties, covenants, and indemnification provisions. In addition to other customary covenants provided in the Purchase and Sale Agreement, the Company has agreed to (i) replace any oil containing polychlorinated biphenyls in station transformers prior to the closing date, (ii) replace all single phase retail meters within two years of the closing date, and (iii) remediate environmental conditions identified in phase I and phase II environmental studies conducted by the Company, as required by applicable environmental laws.
		The completion of the sale is contingent upon the approval by the Virginia State Corporation Commission.
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Delmarva Power & Light Company Form 8-K
		Transmission Purchase and Sale Agreement
		The Company has entered into a purchase and sale agreement (the "Transmission Purchase and Sale Agreement") with Old Dominion Electric Cooperative ("ODEC") to sell certain assets principally related to the Company's provision of electric transmission services on the Eastern Shore of the Commonwealth of Virginia for a purchase price of approximately $4,800,000, subject to certain closing adjustments. The Company will continue to own and operate the 138 kV (kilovolt) and 69 kV transmission lines near the border of Maryland and Virginia. ODEC will assume certain post-closing liabilities and unknown pre-closing liabilities related to the transmission assets, except that the Company will remain liable for unknown pre-closing liabilities that become known within six months after the closing date.
		The Transmission Purchase and Sale Agreement contains customary representations and warranties, covenants, and indemnification provisions. In addition, the Company has agreed to replace existing capacitors included within the transmission assets at its sole cost and expense within two years following the closing date.
		The completion of the sale is contingent upon approvals by the Virginia State Corporation Commission and the Federal Energy Regulatory Commission.
		On June 14, 2007, the Company issued a news release announcing the foregoing transactions. The news release is filed as Exhibit 99 to this Form 8-K.
Item 9.01		Financial Statements and Exhibits.
		(d)   Exhibits
		Exhibit No.	Description of Exhibit
		99	News Release of the Company dated June 14, 2007.
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Delmarva Power & Light Company Form 8-K
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
					DELMARVA POWER & LIGHT COMPANY             (Registrant)
Date        June 14, 2007					/s/ JOSEPH M. RIGBY                   Name:  Joseph M. Rigby Title:    Senior Vice President and                 Chief Financial Officer
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EX-99

NEWS RELEASE	Media Contact: Matt Likovich 410-860-6203 (office); 866-655-2237 (pager) www.delmarva.com NYSE:POM Investor Contact: Donna Kinzel 302-429-3004
FOR IMMEDIATE RELEASE June 14, 2007
Delmarva Power to Sell Virginia Operations Buyers are A&N Electric Cooperative and Old Dominion Electric Cooperative
EXMORE, Va. - Delmarva Power has entered into an agreement to sell its Virginia operations to A&N Electric Cooperative and Old Dominion Electric Cooperative for approximately $45 million. This transaction is contingent upon the approval of the Virginia State Corporation Commission and the Federal Energy Regulatory Commission.
Under terms of the agreement, A&N Electric Cooperative will acquire all of Delmarva Power's distribution assets as well as other related assets in Virginia. Delmarva Power will continue to own and operate the138 kV (kilovolt) and 69 kV transmission lines near the border of Maryland and Virginia. Old Dominion Electric Cooperative will own and operate the remainder of the Virginia transmission assets. Conectiv Energy will continue to own and operate the generation facilities located in Bayview and Tasley.
Further details of the acquisition are included in the Securities and Exchange Commission filing made by Delmarva Power. The sale is expected to be finalized in the fourth quarter of 2007. Until then, Delmarva Power will continue to operate and maintain its electric system in Virginia.
"This transaction makes good business sense since it reflects A&N Electric Cooperative's interest in our Virginia customers and allows Delmarva Power to focus on the jurisdictions where the vast majority of our customers reside," said Gary Stockbridge, Delmarva Power President.
"We realize that a change in a long-standing business relationship such as this could be unsettling for some of our customers," said Stockbridge. "However, as the transition process unfolds, Delmarva Power will work with A&N Electric Cooperative and Old Dominion Electric Cooperative to ensure that Virginia customers continue to receive the safe and reliable electric service they have come to expect."
"A consolidated electric utility on Virginia's Eastern Shore will eliminate the duplication of lines which will result in a more efficient system for all citizens of the Shore. All of us at A&N Electric Cooperative look forward to providing service to the Delmarva Power customers in Virginia," said Vernon Brinkley, CEO of A&N Electric Cooperative.
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NEWS RELEASE - Page 2
The original electric service provider on Virginia's Eastern Shore was Eastern Shore Public Service Company which was acquired by Delaware Power & Light in 1943. Delaware Power & Light changed its name to Delmarva Power & Light in 1966. The company shortened its corporate signature to Delmarva Power in 1972. Delmarva Power currently serves approximately 22,000 customers in Virginia.
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Delmarva Power, a public utility owned by Pepco Holdings, Inc. (NYSE: POM), provides safe and reliable energy to more than 500,000 electric delivery customers in Delaware, Maryland and Virginia and over 118,000 natural gas delivery customers in northern Delaware.