Pepco Holdings Donates $50,000 to Tsunami Relief; Company Asks Employees to Help Also
Thursday, January 13, 2005
In the spirit of stewardship and compassion, Pepco Holdings, Inc., (NYSE-POM) is joining concerned organizations, nations and individuals around the world in supporting the South Asian tsunami relief effort. PHI is making a $50,000 corporate donation, to be channeled through the American Red Cross Tsunami Earthquake Response.
“The devastation and human need wrought in a single stroke by the recent tsunamis are unprecedented in modern history,” said PHI Chairman and CEO Dennis Wraase. “As part of our corporate citizenship responsibilities, PHI wants to extend what assistance it can to aid the immense relief effort under way in that area.”
PHI’s leadership is calling on employees to contribute as well. “The employees of Pepco and Conectiv have a long tradition of coming to the aid of those in need,” said Wraase, who encouraged employees “to contribute through one of the many reputable organizations participating in this effort.”
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About PHI:
Pepco Holdings, Inc. is a diversified energy company with headquarters in Washington, D.C. Its principal operations consist of Pepco and Conectiv Power Delivery, which deliver 50,000 gigawatt-hours of power to more than 1.8 million customers in Washington, Delaware, Maryland, New Jersey and Virginia. PHI engages in regulated utility operations by delivering electricity and natural gas, and provides competitive energy and energy products and services to residential and commercial customers.
Forward-Looking Statements:
Except for historical statements and discussions, the statements in this news release constitute "forward-looking statements" within the meaning of federal securities law. These statements contain management''s beliefs based on information currently available to management and on various assumptions concerning future events. Forward-looking statements are not a guarantee of future performance or events. They are subject to a number of uncertainties and other factors, many of which are outside the company's control. Factors that could cause actual results to differ materially from those in the forward-looking statements herein include general economic, business and financing conditions; availability and cost of capital; changes in laws, regulations or regulatory policies; weather conditions; competition; governmental actions; and other presently unknown or unforeseen factors. These uncertainties and factors could cause actual results to differ materially from such statements. PHI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results and prospects of PHI
