• Anticompetitive Behavior

  • It is the policy of Pepco Holdings, Inc. and its affiliates (collectively, “PHI” or the “Company”) to comply fully with all applicable federal, state, and local laws, rules, regulations and orders addressing antitrust, fair dealing, maintenance of competition and related matters. Antitrust laws are designed to protect fair and open competition by prohibiting anti-competitive business practices. Increased competition in the utility industry and the existence of the Company’s non-utility businesses have increased the need for employees to understand how these laws apply to the work they do. The antitrust laws are written broadly, which means that the courts often have flexibility in how to interpret them. Activities which may be found illegal include price fixing, agreements not to compete, and boycotts. Some forms of tying arrangements and price discrimination also may be illegal. Where a particular business practice or arrangement potentially involves antitrust issues, employees should consult the Company’s lawyers to ensure that they comply with the law.