September 30, 2016 4:47 PM ET

Electric Utilities

Company Overview of Potomac Electric Power Company

Company Overview

Potomac Electric Power Company, a regulated public utility, engages in the transmission, distribution, and supply of electricity in the District of Columbia and various portions of Prince George’s County and Montgomery County in suburban Maryland. The company was incorporated in 1896 and is based in Washington, District of Columbia. Potomac Electric Power Company is a subsidiary of Pepco Holdings, Inc.

701 Ninth Street, North West

Washington, DC 20068

United States

Founded in 1896

1,506 Employees

Phone:

202-872-2000

Key Executives for Potomac Electric Power Company

Chief Executive Officer, President, Director, Chief Executive Officer of Delmarva Power & Light Company, President of Delmarva Power & Light Company, Chief Executive Officer of Atlantic City Electric Company, President of Atlantic City Electric Company and Chief Financial Officer of Pepco Holdings
Age: 56
Chief Financial Officer, Senior Vice President and Director
Age: 58
Chairman, Chief Executive Officer of Pepco Holdings, President of Pepco Holdings Inc, Chairman of Pepco Holdings and Director of Pepco Holdings
Age: 59
Chief Executive Officer of Pepco Energy Services Inc and President of Pepco Energy Services Inc
Age: 56
Vice President and Controller
Age: 60
Compensation as of Fiscal Year 2016.

Potomac Electric Power Company Key Developments

Pepco Holdings LLC, Potomac Electric Power Company, Delmarva Power & Light Company and Atlantic City Electric Company Enter into an Amendment to Their Second Amended and Restated Credit Agreement

On May 26, 2016, Pepco Holdings LLC, Potomac Electric Power Company, Delmarva Power & Light Company and Atlantic City Electric Company entered into an amendment to their Second Amended and Restated Credit Agreement dated as of August 1, 2011, which (i) extended the maturity date of the facility to May 26, 2021, (ii) removed PHI as a borrower under the facility and (iii) decreased the size of the facility from $1.5 billion to $900 million.

Pepco Holdings, Inc., Potomac Electric Power Company, Delmarva Power & Light Company, and Atlantic City Electric Company Enter into Third Amendment to Second Amended and Restated Credit Agreement

On May 1, 2015, Pepco Holdings, Inc., Potomac Electric Power Company, Delmarva Power & Light Company, and Atlantic City Electric Company entered into a Third Amendment to Second Amended and Restated Credit Agreement (the Amendment) among certain Lenders, Bank of America, N.A., as syndication agent and as an issuer of letters of credit, and Wells Fargo Bank, National Association, as (i) agent on behalf of the various financial institutions (the Lenders) from time to time party to that certain Second Amended and Restated Credit Agreement dated as of August 1, 2011, and as amended on August 2, 2012, extended on June 6, 2013 and amended on May 20, 2014 (the Credit Agreement), (ii) the swingline lender and (iii) as an issuer of letters of credit.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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