Pepco Holdings, Inc., through its subsidiaries, engages in the transmission, distribution, and default supply of electricity; and the distribution and supply of natural gas. The company’s subsidiaries include Potomac Electric Power Company (Pepco); Delmarva Power & Light Company (DPL); and Atlantic City Electric Company (ACE). Strategy The key elements of the company’s strategy include investing in its utilities’ transmission and distribution infrastructure; building a smarter grid and implementing other technological enhancements; and through Pepco Energy Services, providing comprehensive energy management solutions and developing, installing and operating renewable energy solutions. Power Delivery Business Distribution and Default Supply of Electricity: The company’s utility subsidiaries owns and operates a network of wires, substations and other equipment that are classified as transmission facilities, distribution facilities, or common facilities (which are used for both transmission and distribution). Transmission facilities carry wholesale electricity into, out of and across the utilities’ service territories. Distribution facilities carry electricity from the transmission facilities to the customers located in the utilities’ service territories. Transmission of Electricity and Relationship with PJM Interconnection, LLC (PJM): The company’s subsidiaries provide transmission services within the jurisdictions that encompass its electricity distribution service territory. In the aggregate, the company owns approximately 4,600 miles of interconnected transmission lines with voltages ranging from 115 kilovolts (kV) to 500 kV. The transmission facilities owned by Pepco, DPL and ACE are interconnected with the transmission facilities of contiguous utilities and are part of an interstate power transmission grid over which electricity is transmitted throughout a region encompassing the mid-Atlantic portion of the United States and parts of the Midwest. PJM is the Federal Energy Regulatory Commission -approved independent operator of this transmission grid and manages the wholesale electricity market within its region. Pepco, DPL and ACE each are members of the PJM Regional Transmission Organization, the regional transmission organization designated by the Federal Energy Regulatory Commission to coordinate the movement of wholesale electricity in PJM’s region. Subsidiaries Pepco Pepco’s electric distribution service territory consists of the District of Columbia and major portions of Prince George’s County and Montgomery County in Maryland. The service territory covers approximately 640 square miles. Pepco distributed a total of 25,751,000 megawatt (MW) hours (MWh) of electricity in 2014. DPL DPL engages in the transmission, distribution and default supply of electricity in portions of Delaware and Maryland. In northern Delaware, DPL also supplies and delivers natural gas to retail customers and provides transportation-only services to retail customers that purchase natural gas from another supplier. DPL’s exclusive and continuing authority to distribute electricity and natural gas in its non-municipal service territories in Delaware is derived from legislation, through which the Delaware Public Service Commission has established exclusive service territories. With respect to municipalities that it serves, DPL provides service under various franchises granted to DPL and predecessor companies, which franchises are generally either unlimited as to time or renew automatically. DPL’s electric distribution service territory consists of portions of the state of Delaware, and Caroline, Cecil, Dorchester, Harford, Kent, Queen Anne’s, Somerset, Talbot, Wicomico and Worcester counties in Maryland. This territory covers approximately 5,000 square miles. DPL distributed a total of 12,413,000 MWh of electricity in 2014. Distribution and Supply of Natural Gas: DPL provides regulated natural gas supply and distribution service to customers in a service territory consisting of a major portion of New Castle County in Delaware. This service territory covers approximately 275 square miles. ACE Electricity Distribution and Supply: ACE’s electric distribution service territory consists of Gloucester, Camden, Burlington, Ocean, Atlantic, Cape May, Cumberland and Salem counties in southern New Jersey covering approximately 2,700 square miles. Smart Grid Initiatives PHI’s utility subsidiaries engage in transforming the power grid that they own and operate into a smart grid, a network of automated digital devices capable of collecting and communicating large amounts of real-time data. Pepco Holdings, through Pepco Energy Services, Inc. and its subsidiaries (collectively, Pepco Energy Services) In addition to its regulated utility operations, the company, through Pepco Energy Services, engages in the following: energy savings performance contracting business, such as designing, constructing and operating energy efficiency projects and distributed generation equipment, including combined heat and power plants, principally for federal, state and local government customers; underground transmission and distribution business, such as providing underground transmission and distribution construction and maintenance services for electric utilities in North America; and thermal business, such as providing steam and chilled water under long-term contracts through systems owned and operated by Pepco Energy Services, primarily to hotels and casinos in Atlantic City, New Jersey. Through its wholly owned subsidiary, W.A. Chester, L.L.C., Pepco Energy Services constructs and maintains underground transmission and distribution projects for electric utilities in North America. Environmental Matters The generating facilities owned by Pepco Energy Services are subject to federal, state and local laws and regulations, including the Federal Clean Air Act, which limit emissions of air pollutants, require permits for operation of facilities and impose recordkeeping and reporting requirements. History Pepco Holdings, Inc. was founded in 1896. The company was incorporated in Delaware in 2001.
pepco holdings inc (POM:New York)
701 Ninth Street, NW
Washington, DC 20068
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