PHI Declares Quarterly Dividend

Pepco Holdings, Inc.’s (NYSE: POM) Board of Directors today declared a quarterly dividend on common stock of 27 cents per share payable Dec. 31, 2009, to shareholders of record on Dec. 10, 2009.

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PHI is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI provides competitive wholesale generation services through Conectiv Energy and retail energy products and services through Pepco Energy Services.