Pepco Holdings Conference Call - Full-Year and Fourth-Quarter 2004 Earnings Review

Friday, February 25, 2005

Pepco Holdings, Inc. (NYSE: POM) has scheduled its earnings conference call for Thursday, March 17, at 10:00 a.m. EST. Full-year and fourth-quarter 2004 earnings will be released March 15.

Individual investors, members of the media and other interested persons may access the conference call on the internet at www.pepcoholdings.com/investors or by calling 1-800-299-0433 before 9:55 a.m. The pass code for the call is “Pepco Holdings.” International callers may access the call by dialing 1-617-801-9712, using the same pass code, “Pepco Holdings.” An on-demand replay will be available for seven days following the call. To hear the replay, dial 1-888-286-8010 and enter pass code 59664086. If calling internationally, dial 1-617-801-6888 and enter pass code 59664086. An audio archive will be available at PHI’s Web site.

Note: If any non-GAAP financial information (as defined by the Securities and Exchange Commission in Regulation G) is used during the earnings conference call, a presentation of the most directly comparable GAAP measure and a reconciliation of the differences will be available at www.pepcoholdings.com/investors/index_financialrelease.html.

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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 PHI Power Delivery, which delivers 50,000 gigawatt-hours of power to more than 1.8 million customers in Washington, D.C., 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.