Pepco Pays More Than $103.3 Million in Taxes to the District of Columbia

Apr 26, 2001, 01:00 ET from Pepco

    WASHINGTON, April 26 /PRNewswire/ -- Pepco and its customers paid more
 than $103.3 million in taxes to the District of Columbia government for the
 2000 tax year.  Next to the cost of fuel, taxes have been the second highest
 cost component of a Pepco customer's electric bill. Federal, state and local
 taxes currently account for about 24 percent of a customer's bill in the
 District of Columbia.
     The tax payments in 2000 cover Pepco's gross receipts tax, sales and use
 taxes, real estate and personal property taxes.  These taxes contribute
 significantly to supporting public services in the District.
     Pepco provides electric service to all of the District of Columbia's
 229,000 residential and commercial customers.
     Pepco (NYSE:   POM) is an investor-owned company that delivers electricity
 to more than 700,000 customers in Washington, D.C., and the Maryland suburbs.
 Through its family of subsidiaries, Pepco also operates in the mid-Atlantic
 region in the competitive arenas of energy products and services and
 telecommunications.
 
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SOURCE Pepco
    WASHINGTON, April 26 /PRNewswire/ -- Pepco and its customers paid more
 than $103.3 million in taxes to the District of Columbia government for the
 2000 tax year.  Next to the cost of fuel, taxes have been the second highest
 cost component of a Pepco customer's electric bill. Federal, state and local
 taxes currently account for about 24 percent of a customer's bill in the
 District of Columbia.
     The tax payments in 2000 cover Pepco's gross receipts tax, sales and use
 taxes, real estate and personal property taxes.  These taxes contribute
 significantly to supporting public services in the District.
     Pepco provides electric service to all of the District of Columbia's
 229,000 residential and commercial customers.
     Pepco (NYSE:   POM) is an investor-owned company that delivers electricity
 to more than 700,000 customers in Washington, D.C., and the Maryland suburbs.
 Through its family of subsidiaries, Pepco also operates in the mid-Atlantic
 region in the competitive arenas of energy products and services and
 telecommunications.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X82992247
 
 SOURCE  Pepco