Pepco Holdings, Inc., Recognized for Leadership in Diversity

Pepco Holdings, Inc., (NYSE:POM) has again been recognized as one of DiversityInc Magazine’s Top 5 Utility Companies for Diversity in employee programs and business practices.

“PHI continues extreme diligence in its efforts to foster diversity as a core business value,” said PHI President and Chief Executive Officer Dennis Wraase. “We reinforce our commitment to foster and maintain diversity at work, in our business transactions with suppliers and vendors, and the communities in which we serve.”

The Top 50 list for 2008 was announced on the magazine’s Web site, www.DiversityInc.com. Selection was based on four key areas: CEO commitment, human capital, corporate communications and supplier diversity. Companies responded to over 200 survey questions which were evaluated by a 10-member panel of independent diversity experts.

“Diversity is an integral part of PHI’s strategy for success,” said Joy Dorsey, PHI’s Director of Diversity and Supplier Diversity. “It begins with leadership’s commitment to diversity development programs that are aligned with best practices research and proven business principles. PHI’s diversity development programs are provided to executives, senior leadership, and to our valued work force, including each new PHI employee at time of initial hire. Diversity is a core corporate value and key to our continued business success.”

The complete listing, methodology and strengths of the recognized companies will appear in the June issue of DiversityInc magazine.

About PHI: Pepco Holdings, Inc., headquartered in Washington, D.C., delivers electricity and natural gas to about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey, through its subsidiaries Pepco, Delmarva Power and Atlantic City Electric. PHI also provides competitive wholesale generation services through Conectiv Energy and retail energy products and services through Pepco Energy Services.