Pepco Energy Services Awarded $7.5 Million Performance Contract for One Judiciary Square Energy Retrofit Project

Aug 30, 2010, 15:57 ET from Pepco Energy Services

ARLINGTON, Va., Aug. 30 /PRNewswire/ -- Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. (NYSE: POM) and a leader in energy savings performance contracting and renewable projects has been awarded a competitive bid contract by the District of Columbia's Department of Real Estate Services (DRES) to implement a $7.5 million energy efficiency retrofit project at the One Judiciary Square facility in Washington, D.C.

Comprised of 850,000 square feet, One Judiciary Square is one of the major buildings owned and operated by the government of the District of Columbia and hosts multiple D.C. agencies in mission-critical roles.  Despite the volume and complexity of the scope of internal work that Pepco Energy Services is providing, construction will be completed without disruption of critical operations at the building.

Pepco Energy Services will install a building management system, direct digital controls and HVAC upgrades.  In addition to saving money and energy, the project will create the equivalent of 16 full-time construction jobs.

"The District will not only improve the energy efficiency of the building systems," said DRES Director Robin-Eve Jasper, "but the District will also be improving the air quality and overall comfort of the building."

This project is funded by American Recovery and Reinvestment Act capital and will assist the D.C. government in achieving its energy reduction and conservation goals.  Construction began in early August and will be completed within 18 months.

"Pepco Energy Services is extremely pleased to have been chosen to implement the One Judiciary Square retrofit project," said John Huffman, President and Chief Executive Officer of Pepco Energy Services.  "The One Judiciary Square retrofit project demonstrates the D.C. government's commitment to increasing the district's energy efficiency and we look forward to continuing a successful partnership with the city."

Pepco Energy Services' parent company, Pepco Holdings, Inc., is headquartered in the District of Columbia.

About Pepco Energy Services

Pepco Energy Services, Inc., a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE: POM), provides commercial, institutional, government and industrial customers with competitive energy efficiency services, including renewable energy and combined heat and power.  Visit www.pepcoenergy.com for more information.

Pepco Energy Services, Inc. is not the same company as Potomac Electric Power Company, and prices and services of Pepco Energy Services, Inc. are not set by the Public Service Commission.

Information contained in this news release may include forward-looking statements, which should be considered in light of the risks inherent in the business of Pepco Holdings, Inc. and its subsidiaries, as discussed in public documents filed with the Securities and Exchange Commission.

SOURCE Pepco Energy Services



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