• Confidential Information

  • It is the policy of Pepco Holdings, Inc., and its affiliates (collectively, "PHI" or the "Company") to protect the confidential and proprietary information of the Company, as well as to protect the confidential and proprietary information of third parties in appropriate circumstances.

    What Information is Covered?

    Confidential and proprietary information (including what is sometimes referred to as "trade secret" information) of the Company is information, in any medium, which:

    • is owned by the Company (created or compiled by employees or others working at or on behalf of the Company for the Company's purposes or purchased or acquired by the Company);
    • the Company takes measures to maintain as confidential; and,
    • provides some value or strategic advantage to the Company.

    Examples, without limitation, include confidential information pertaining to: customers or prospective customers, pricing, marketing, financial plans or projections, business plans or strategies, legal and regulatory matters, investment and securities, mergers and acquisitions, products and product development, budgets, computer software and management information systems, designs and drawings, research and development, engineering, inventions, improvements, discoveries, innovations and ideas, personnel, employees, contractors, management and training programs.

    There may also be circumstances where employees and others working at or on or behalf of the Company have an obligation to protect other parties' confidential information. Such circumstances include, for example, pre-acquisition exchange of information, confidential information exchanged solely for the purposes of and in the context of litigation, administrative or regulatory proceedings, and contracts including confidentiality provisions generally.

    What is Prohibited?

    It is wrong for any person, during his or her employment with the Company or engagement as a contractor and after his or her employment or engagement ends to: (i) remove, disclose or use confidential and proprietary information (other than for legitimate Company business and involving those with a need-to-know for such Company business) or (ii) assist others in such removal, disclosure or use.

    The taking, use or disclosure (or assisting others in such conduct) is prohibited under: (i) state and federal statutes; (ii) common law and/or (iii) Company policies. A person can have both civil (common law) and criminal liability for engaging in prohibited conduct. A good rule to follow is: if you are not sure if certain information is proprietary, treat it as proprietary.