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May 28, 2015 7:24 AM ET

Electric Utilities

Company Overview of Potomac Electric Power Company

Company Overview

Potomac Electric Power Company, a regulated public utility, is engaged 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, N.W.

Washington, DC 20068

United States

Founded in 1896

1,501 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: 54
Chief Financial Officer and Senior Vice President
Age: 56
Chairman, Chairman of Pepco Holdings Inc, Chief Executive Officer of Pepco Holdings Inc and President of Pepco Holdings Inc
Age: 57
Chief Executive Officer of Pepco Energy Services Inc and President of Pepco Energy Services Inc
Age: 54
Region President of Pepco
Age: 53
Compensation as of Fiscal Year 2014.

Potomac Electric Power Company Key Developments

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.

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

On May 20, 2014, Pepco Holdings, Inc., Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company, entered into an Amendment and Consent to Second Amended and Restated Credit Agreement 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 agent on behalf of the various financial institutions 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 and extended on June 6, 2013, as the swingline lender and as an issuer of letters of credit. In the ordinary course of business, the Lenders and their respective affiliates have from time to time performed and may in the future perform various financial advisory, commercial banking, investment banking and treasury services for the Borrowers, for which they received, or will continue to receive, customary fees or compensation. In addition, affiliates of certain of the Lenders are paying agents under the Borrowers’ respective commercial paper programs.

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