April 20, 2018 1:04 PM ET

Electric Utilities

Company Overview of Potomac Electric Power Company

Company Overview

Potomac Electric Power Company engages in the purchase and regulated retail sale of electricity, and the provision of electricity distribution and transmission services in the District of Columbia and various portions of Prince George’s County and Montgomery County in Maryland. As of December 31, 2017, its electric distribution system included 4,105 circuit miles of overhead lines, and 6,844 circuit miles of underground lines. The company was incorporated in 1896 and is based in Washington, the District of Columbia. Potomac Electric Power Company is a subsidiary of Pepco Holdings LLC.

701 Ninth Street, North West

Washington, DC 20068

United States

Founded in 1896

1,582 Employees

Phone:

202-872-2000

Key Executives for Potomac Electric Power Company

President & CEO
Age: 57
Senior VP, CFO, Treasurer & Director
Age: 49
Senior VP, COO & Director
Age: 52
VP & General Counsel
Age: 45
Senior Vice President of Legal and Regulatory Strategy
Age: 58
Compensation as of Fiscal Year 2017.

Potomac Electric Power Company Key Developments

Potomac Electric Power Company Reports Unaudited Revenue Results for the Third Quarter and Nine Months Ended September 30, 2017

Potomac Electric Power Company reported unaudited revenue results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of USD 604 million against USD 635 million a year ago. For the nine months, the company reported revenues of USD 1,649 million against USD 1,695 million a year ago.

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.

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Recent Private Companies Transactions

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