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Pepco Holdings Declares Dividend, Schedules Annual Meeting

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WASHINGTON--([ BUSINESS WIRE ])--Pepco Holdings, Inc.a™s (NYSE: POM) Board of Directors today declared a dividend on common stock of 27 cents per share payable March 31, 2011, to shareholders of record on March 10, 2011.

The Board also scheduled the Annual Meeting of Shareholders to be held May 20, 2011, at 10 a.m. at PHIa™s headquarters, 701 Ninth Street, NW, Washington, D.C., in the second floor conference center.

Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service.PHI also provides retail energy savings and renewable services through Pepco Energy Services.