Pepco Holdings Inc.

701 Ninth St. NW

Year founded: 1896

Industry: Energy

Post 200 Category: Top 125 Companies

Revenue: $7.22 Billion

Net Income/Loss: $258.70 Million

Earnings per share: $1.47

Dividend: $1.00

Stockholder equity: $3.37 Billion

Auditor: PricewaterhouseCoopers LLP

Stock: POM

Assets: $13.35 Billion

Market capitalization: $3.99 Billion

52-week high: 23.25 3/15/2005

52-week low: 16.94 5/17/2004

Chairman and CEO: Dennis R. Wraase

Vice chairman and General Counsel: William T. Torgerson

Employees: 5592

Local employees: 2500

Description: Pepco Holdings sells electricity and gas to more than 1.8 million customers in the mid-Atlantic region. The company's Pepco utility, based in the District, delivers electricity to about 737,000 customers, and its Delaware-based Conectiv Power Delivery provides electricity to about 1 million customers and natural gas to about 118,000 customers. Pepco Holdings also owns two unregulated energy providers, Pepco Energy Services and Conectiv Energy, which compete for retail power customers.

Developments: John M. Derrick Jr. stepped aside as chairman of Pepco Holdings last spring after stepping down as chief executive in 2003. The chairman position was filled by Dennis R. Wraase, the company's chief executive. The transition had been planned. Pepco Communications, a subsidiary of Pepco Holdings, announced in October that it had sold its stake in Starpower Communications LLC, a Lanham provider of cable television, Internet and telephone service. Many Pepco customers in Maryland and the District saw their electricity rates rise during the past year. Under an electricity deregulation plan, those rates had been capped. The higher prices were the result of competitive bidding among electrical suppliers once the caps expired. Pepco has been locked in a continuing legal battle with Mirant Corp., which bought Pepco's largest power plants in 2000. Mirant is in bankruptcy protection and is seeking to cancel contracts with Pepco that it says are too costly. Pepco said it received $57.5 million from Mirant in April in response to a court order.