PHI Declares Dividend
Friday, April 25, 2003
For Immediate Release
Pepco Holdings, Inc.''s Board of Directors today declared a dividendon common stock of 25 cents per share payable June 30, 2003, to shareholdersof record on June 10, 2003.
Pepco Holdings, Inc. is a diversified energy company with headquartersin Washington, D.C. Its principal operations consist of Pepco and ConectivPower Delivery, which deliver 50,000 gigawatt-hours of power to more than1.8 million customers in Washington, Delaware, Maryland, New Jersey andVirginia. PHI engages in regulated utility operations by delivering electricityand natural gas, and provides competitive energy and energy products andservices to residential and commercial customers.
Forward-Looking Statements: Except for historical statementsand discussions, the statements in this news release constitute "forward-lookingstatements" within the meaning of federal securities law. These statementscontain management''s beliefs based on information currently availableto management and on various assumptions concerning future events. Forward-lookingstatements are not a guarantee of future performance or events. They aresubject to a number of uncertainties and other factors, many of whichare outside the company''s control. Factors that could cause actual resultsto differ materially from those in the forward-looking statements hereininclude general economic, business and financing conditions; availabilityand cost of capital; changes in laws, regulations or regulatory policies;weather conditions; competition; governmental actions; and other presentlyunknown or unforeseen factors. These uncertainties and factors could causeactual results to differ materially from such statements. PHI disclaimsany intention or obligation to update or revise any forward-looking statements,whether as a result of new information, future events or otherwise. Thisinformation is presented solely to provide additional information to furtherunderstand the results and prospects of PHI.
