Pepco Holdings, Inc.
Stock Symbol: POM
701 Ninth Street, N.W.
Pepco Holdings, Inc. Industry:
Pepco Holdings, Inc. Description:
Reliable electric service is easy to take for granted. You flip a switch and the lights come on as another day begins. Elevators, computers, photo copiers and even the clock radio and coffee pot bear silent witness to one of our most basic and most reliable services -- electricity. Pepco has been providing reliable electric service for more than one hundred years. Today, we work around the clock to deliver electricity to more than 700,000 homes and businesses in the District of Columbia and its Maryland suburbs. We're proud of the accolades we've earned for service, reliability and customer satisfaction.
Pepco Holdings, Inc. Financial Summary:
Pepco is a holding co. engaged in regulated utility operations and in diversified competitive energy and telecommunications business through its subsidiaries. For the 6 months ended 6/30/05, revenues increased 2% to $3.52B. Net income before extraordinary item fell 22% to $110.5M. Results reflect increased revenue from competitive energy, offset by lower gain on sale of assets and increased income tax expense.
Pepco Holdings, Inc. Business Summary:
Pepco Holdings, Inc. (PHI) is a diversified energy company that, through its operating subsidiaries, is engaged in three principal areas of business operations: Regulated electricity and natural gas delivery; Competitive energy generation, marketing and supply, and Other activities consisting primarily of investments in energy-related assets. The principal component of PHI's business is power delivery, which consists of the transmission and distribution of electricity and the distribution of natural gas. PHI's power delivery business is conducted by its subsidiaries Potomac Electric Power Com, Delmarva Power & Light Company and Atlantic City Electric Company. PHI's competitive energy business provides non-regulated generation, marketing and supply of electricity and gas, and related energy management services in the mid-Atlantic region. The non-regulated business component is conducted through its subsidiaries Potomac Capital Investment Corporation and Pepco Communications, Inc.