• Company Funds & Property

  • It is the policy of Pepco Holdings, Inc. and its affiliates (collectively, "PHI" or the "Company") to protect Company funds, property and other assets from waste, theft and misuse. The Company's ability to meet its commitments to our customers, shareholders, and communities and to the people who work at the Company depends on efficient use of Company funds, property and other assets. Waste, theft and misuse interfere with the ability to do this and, in some cases, may be illegal.

    Funds: Company funds include such things as cash, checks and credit cards. Protecting Company funds takes many forms:

    • making sure expenditures are for legitimate business purposes
    • keeping accurate and complete records of funds spent
    • using corporate credit cards only for permitted purposes
    • accurately preparing and approving time sheets and expense account statements
    • taking steps to eliminate waste and adopting cost-saving measures.

    Property: Company property may include material, equipment and services that have been provided for business use and, as such, must not be used for personal benefit without prior approval by someone who has appropriate approval authority under the Company Corporate Approval Policy. Personal use of the following, by way of example, should be avoided:

    • office supplies and equipment
    • Company vehicles
    • services (i.e., labor)
    • Company facilities