Delaware Public Media

Business

Delaware Public Media's coverage of the business-related stories.

Pepco-Exelon merger gets Delaware's green light

Jun 3, 2015
Delaware Public Media

Delmarva Power is one step closer to new ownership.

 

The Delaware Public Service Commission has approved a merger between Exelon and Pepco, which owns Delmarva Power. It would create what the companies call "the leading mid-Atlantic electric and gas utility" in a statement.

 

Delaware's minimum wage gets a boost Monday

Jun 1, 2015
Delaware Public Media

Minimum wage workers in Delaware will see an increase in their pay beginning Monday.

The second stage of a two-step increase in the hourly rate, approved by lawmakers last year, kicks in on June 1. The new rate will be $8.25 per hour.

 

Governor Markell signed Senate Bill 6 into law in January 2014.

The chief sponsor of that legislation, Sen. Robert Marshall (D-Wilmington West), says the wage increase will help people who are struggling to get by.

Delaware gas prices climb again last week

May 31, 2015
Delaware Public Media

First State gas prices continue to rise.

AAA Mid-Atlantic reports the average price for a gallon of regular in First State has increased by 5 cents from $2.62 to $2.67 over the past week.

That price is still nearly a dollar less than what Delaware drivers were paying a year ago at an average of $3.60.

Delawaregasprices.com reports there are just under a dozen stations selling a gallon of regular for $2.57 or slightly less  – mostly in New Castle County.

Tom Byrne/Delaware Public Media

Work is underway on a neighborhood facelift on Wilmington’s West Side.

Officials held a ceremonial groundbreaking Wednesday for the redevelopment of The Flats neighborhood. The project, spearheaded by the non-profit Woodlawn Trustees, is updating the aging affordable housing the group provides to low-income people in that area.

Delaware Public Media/Karl Malgiero

Looking to raise awareness of financing options available to women looking to start a small business – Senators Tom Carper and Chris Coons were joined by Small Business Administration chief Maria Contreras-Sweet on Wilmington’s Market Street to check in on businesses there that received start-up help from the SBA

Delaware Public Media

First State gas prices have finally inched up, after holding steady for the last three weeks.

AAA Mid-Atlantic reports the average price for a gallon of regular in First State increased by 2 cents from $2.60 to $2.62 in the past week.

That price is still nearly a dollar less than what Delaware drivers were paying a year ago at an average of $3.60.

Delawaregasprices.com reports there are just under a dozen stations selling a gallon of regular for $2.54 or slightly less  – mostly in New Castle County.

Delaware Public Media

On the real estate front, home sales are leaping with spring energy, although prices still have a long way to go to reach the levels before the housing downturn.

Delaware Public Media

Delaware’s seasonally adjusted unemployment rate dipped again last month  - down a tenth of a point to 4.5 percent in April.  It’s the lowest the jobless rate has been in the First State since May 2008.

 

The drop also marks the tenth straight month unemployment in Delaware has declined since standing at 5.9 percent in June 2014.

Tom Byrne/Delaware Public Media

Claymont residents got their first good look at plans to redevelop the shuttered Evraz steel mill.

A standing room only crowd of about 300 people showed up for a public meeting on Commercial Development Corporation’s (CDC) designs for the 425-acre site.

Delaware Public Media

First State gas prices did not budge again over the past week.

AAA Mid-Atlantic reports the average price for a gallon of regular in First State remained unchanged last week – holding steady at $2.60 for a second straight week.

But that price is still nearly a dollar less than what Delaware drivers were paying a year ago at an average of $3.56.

Delawaregasprices.com reports there are just under a dozen stations selling a gallon of regular for $2.53 or slightly less  – mostly in New Castle County.

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