Pepco Energy Selected by Cumberland County Housing Authority to Implement an Energy Savings Performance Contract

ARLINGTON, Va., Nov. 23, 2010 /PRNewswire/ -- Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc. (NYSE: POM) and a leader in energy savings performance contracting, has been chosen by the Cumberland County Housing Authority in Carlisle, Pennsylvania, to implement a comprehensive energy savings performance contract.

The $1.9 million contract calls on Pepco Energy to install numerous energy conservation measures in the housing authority's public family and public elderly housing units.  These measures will significantly improve the energy efficiency of the housing authority's facilities, and will impact a total of 30 buildings over the 15-year contract term.

Services provided will include improvements to building envelopes as well as the installation of energy-efficient lighting, temperature-limiting thermostats, domestic hot water systems, high-efficiency boilers, hot water piping insulation, Energy Star® refrigerators and attic insulation.  

"We are very pleased with the fact that with these improvements we will realize significant energy savings and reduce our carbon footprint," said Christopher Houston, Assistant Director of the Cumberland County Housing Authority. "In addition, we are also delighted that Pepco Energy has engaged local subcontractors for this project."  

The Cumberland County Housing Authority will reduce energy expenses by more than $2.7 million over the contract term and these savings will be used to fund the energy conservation measures. The project will also reduce carbon dioxide emissions by more than 300 metric tons per year.

"Pepco Energy looks forward to working with the Cumberland County Housing Authority to reduce its annual energy consumption and improve its residents' comfort," said John Huffman, President and Chief Executive Officer of Pepco Energy.

Construction began in November 2010 and is due to be complete in April 2011.

About Pepco Energy Services, Inc.

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, Inc.