Pepco Holdings

Pepco Holdings LLC is the electric and gas utility holding company for Potomac Electric Power Company (Pepco), Delmarva Power & Light Company, and Atlantic City Electric Company — three regulated electric and gas utilities collectively serving approximately 2 million customers across Washington D.C., Maryland, Delaware, and southern New Jersey. A wholly owned subsidiary of Exelon Corporation (NASDAQ: EXC), Pepco Holdings' member utilities operate as regulated public utilities under the oversight of the District of Columbia Public Service Commission, the Maryland Public Service Commission, the Delaware Public Service Commission, and the New Jersey Board of Public Utilities respectively. According to information available through pepco.com and Exelon's investor materials, the Pepco Holdings utilities are committed to delivering safe, reliable, and increasingly clean energy to the communities they serve across the Mid-Atlantic region.

Pepco Holdings' utility operations span a geographically diverse service territory encompassing the nation's capital and surrounding Maryland suburbs, the Delmarva Peninsula, and portions of southern New Jersey — a mix of urban, suburban, and rural communities with varying infrastructure characteristics and energy demand profiles. The utilities' capital investment programs focus on grid modernization, storm hardening, clean energy integration, and infrastructure reliability improvements across their combined service territories, with regulatory support from their respective state and district utility commissions. Pepco Holdings' utilities operate in jurisdictions with significant renewable energy policy ambitions, including the District of Columbia's goal of 100% renewable electricity by 2032, which drives meaningful utility investment in grid modernization and clean energy integration.

Pepco Holdings' integration within Exelon Corporation — which manages approximately 10 million electric and gas customers across six Mid-Atlantic and Midwest utilities — provides its member utilities with the operational resources, technology capabilities, and financial strength of the nation's largest regulated utility operator while enabling each utility to maintain its local community focus and regulatory relationships. According to Exelon investor materials, the Pepco Holdings utilities benefit from Exelon's scale in procurement, cybersecurity, and regulatory strategy while serving their distinct regulatory jurisdictions with localized management attention. Pepco Holdings' combination of mid-Atlantic utility franchise spanning four jurisdictions, significant urban and suburban customer base including the nation's capital, Exelon institutional backing, and substantial infrastructure investment program establishes it as a significant participant in the Mid-Atlantic regional energy market.