Trystan Casey
The electric company in Washington, D.C. is the Potomac Electric Power Company (PEPCO), an American utility company that supplies electric power to the city and surrounding communities in Maryland. PEPCO is owned by Exelon and has a trademarked slogan of Your life. Plugged in. The company was first incorporated in 1896 and has since gone through various mergers and acquisitions, including with Washington Traction and Electric Company, Washington Railway and Electric, and Conectiv Power Delivery. District energy customers in Washington, D.C. have a choice when it comes to their energy supply and can select from a range of approved suppliers, including PEPCO, Constellation, and DC Power Connect.
| Characteristics | Values |
|---|---|
| Name | The Potomac Electric Power Company (PEPCO) |
| Type | American utility company |
| Location | Washington, D.C., and surrounding communities in Maryland |
| Owner | Exelon |
| Slogan | "Your life. Plugged in." |
| Former Slogan | "We're connected to you by more than power lines." |
| Transmission System | Transmission lines operating at 115 kV, 138 kV, 230 kV, and 500 kV |
| Interconnections | Potomac Edison, Baltimore Gas and Electric, Dominion Virginia Power |
| History | Incorporated as Potomac Electric Power Company on April 28, 1896, in Virginia |
| Became a subsidiary of the North American Company | |
| Merged with United States Electric Lighting Company in 1899 | |
| Became an independent, publicly traded company in 1947 | |
| Acquired by Exelon in 2016 | |
| Website | https://en.wikipedia.org/wiki/Pepco |
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What You'll Learn
- The Potomac Electric Power Company (PEPCO) supplies electricity to Washington, DC
- PEPCO is owned by Exelon and has a trademarked slogan, Your life. Plugged in
- PEPCO's predecessor, Potomac Electric Co., was organised in 1891 to provide street lighting and streetcar power
- PEPCO has merged with and been acquired by several companies since its inception
- District energy customers in DC have a choice when it comes to their energy supply
The Potomac Electric Power Company (PEPCO) supplies electricity to Washington, DC
The Potomac Electric Power Company (PEPCO) is an American utility company that supplies electricity to Washington, DC, and surrounding communities in Maryland. PEPCO was incorporated on April 28, 1896, in Virginia, and became a subsidiary of the North American Company, which owned the Washington Traction and Electric Company, one of the private streetcar companies in Washington.
On December 17, 1896, after a court battle, PEPCO received a contract to light the city of Washington, D.C. The company's predecessor, Potomac Electric Co., was formed in 1891 to provide street lighting and streetcar power in Georgetown and Northwest DC. However, it filed for bankruptcy during the Panic of 1893 and was acquired by Oscar T. Crosby in 1895. In January 1889, PEPCO merged with its rival, the United States Electric Lighting Company, and in 1899, it merged with the Washington Traction and Electric Company.
PEPCO has had a long history of mergers and acquisitions. In 1901, the company filed for bankruptcy and was acquired by the Washington Railway and Electric Company. In 1928, the North American Company, a holding company with many public utilities, gained control of Washington Railway and Electric. However, the Public Utility Holding Company Act of 1935 forced the breakup of large utility holding companies, leading to a Supreme Court decision that resulted in PEPCO becoming an independent, publicly traded company in 1947.
In 2001, PEPCO expanded by acquiring Conectiv Power Delivery, the parent company of Delmarva Power and Atlantic City Electric, for $2.2 billion. This led to the formation of Pepco Holdings, a new holding company with Conectiv and Pepco as subsidiaries. In 2014, Pepco Holdings agreed to be acquired by Exelon for $6.8 billion, and the deal was completed in 2016, making PEPCO a subsidiary of Exelon. Today, PEPCO continues to supply electricity to Washington, DC, and the surrounding areas, with a focus on providing reliable and sustainable energy to its customers.
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PEPCO is owned by Exelon and has a trademarked slogan, Your life. Plugged in
The Potomac Electric Power Company, more commonly known as PEPCO, is an American utility company that supplies electric power to Washington, D.C., and the surrounding communities in Maryland. PEPCO is owned by Exelon, a utility holding company, and has a trademarked slogan: "Your life. Plugged in".
The history of PEPCO can be traced back to 1891 when its predecessor, Potomac Electric Co., was formed to provide street lighting and streetcar power in Georgetown and Northwest D.C. However, the company faced financial difficulties and filed for bankruptcy in 1893. In 1901, it was acquired by the Washington Railway and Electric Company, and in 1906, they began constructing the Benning Road Power Plant along the Anacostia River. This plant had a significant capacity of 185,000 kilowatts when its final unit was completed in 1931.
In 1947, due to the enactment of the Public Utility Holding Company Act, PEPCO became an independent, publicly traded company. Over the years, PEPCO has undergone various acquisitions and mergers, including the acquisition of Conectiv Power Delivery in 2002, which led to the formation of Pepco Holdings. Despite facing opposition from customers and officials, PEPCO was acquired by Exelon in 2016, becoming a subsidiary of the larger company.
PEPCO has faced criticism and legal issues, including a $47 million settlement in 2023 for discharging toxic chemicals in D.C., and allegations of systemic violations in community solar panel installations. Despite these challenges, PEPCO remains a significant provider of electric power in the region, with its trademarked slogan, "Your life. Plugged in", reflecting its commitment to its customers.
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PEPCO's predecessor, Potomac Electric Co., was organised in 1891 to provide street lighting and streetcar power
The Potomac Electric Power Company (PEPCO) is an American utility company that supplies electric power to Washington, D.C., and surrounding communities in Maryland. PEPCO's predecessor, the Potomac Electric Co., was founded in 1891 to provide street lighting and streetcar power in Georgetown and Northwest D.C.
Potomac Electric Co. was the first company to bring electric power to the nation's capital. At the time, streetcars were powered by coal-fired steam engines, which were expensive to operate and maintain. The introduction of electric power was a significant improvement, providing a more efficient and cost-effective means of powering streetcars and lighting the streets of Georgetown and Northwest D.C.
However, the company faced early financial troubles, suffering during the Panic of 1893, which led to a bankruptcy filing in 1895. On November 6, 1895, Potomac Electric Co. was acquired by Oscar T. Crosby, and later, on April 28, 1896, it was incorporated as the Potomac Electric Power Company in Virginia. The newly incorporated company became a subsidiary of the North American Company, which also owned the Washington Traction and Electric Company, one of the private streetcar companies in Washington.
Following its acquisition and incorporation, PEPCO continued to expand and solidify its presence in the Washington, D.C., area. In December 1896, after a court battle, the company secured a contract to light the city of Washington, D.C. Over the next few years, PEPCO continued to grow through mergers and acquisitions, consolidating its position as a major electricity provider in the region. Despite some financial setbacks and challenges, the company's revenues continued to grow, exceeding $1 million for the first time in 1905.
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PEPCO has merged with and been acquired by several companies since its inception
The Potomac Electric Power Company (PEPCO) has indeed merged with and been acquired by several companies since its inception in 1891 as Potomac Electric Co. Potomac Electric Co. was formed to provide street lighting and streetcar power in Georgetown and Northwest D.C. However, it suffered during the Panic of 1893 and filed for bankruptcy in 1895. It was then acquired by Oscar T. Crosby (and Charles A. Lieb, according to one source) and incorporated as the Potomac Electric Power Company in 1896. The new company became a subsidiary of the North American Company, which owned the Washington Traction and Electric Company, one of the private streetcar companies in Washington.
In 1896, after a court battle, PEPCO received a contract to light the city of Washington, D.C. In 1899, the company merged with Washington Traction and Electric Company. In 1901, the company filed for bankruptcy again and was acquired by the Washington Railway and Electric Company. In 1928, the North American Company, a holding company that owned many public utilities, gained control of Washington Railway and Electric. However, in 1935, the Public Utility Holding Company Act was enacted to force the breakup of large utility holding companies, and in 1942, the Securities and Exchange Commission ordered the North American Company and its subsidiaries to split up. This resulted in PEPCO becoming an independent, publicly traded company in 1947.
In 2001, PEPCO agreed to acquire Conectiv Power Delivery, the parent company of Delmarva Power and Atlantic City Electric, for $2.2 billion. The purchase was completed in 2002, with PEPCO and Conectiv becoming subsidiaries of a newly formed holding company, Pepco Holdings. In 2014, Pepco Holdings agreed to be acquired by Exelon for $6.8 billion. This acquisition was completed on March 23, 2016, making PEPCO a subsidiary of Exelon.
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District energy customers in DC have a choice when it comes to their energy supply
District energy customers in Washington, D.C., have a choice when it comes to their energy supply. The Potomac Electric Power Company (PEPCO) is the primary utility company that supplies electric power to the city of Washington, D.C., and the surrounding communities in Maryland. However, district residents and businesses have had the opportunity to choose their electricity and natural gas supplier for over 20 years.
The official retail choice site for the District of Columbia is DC Power Connect, brought to you by the Public Service Commission of the District of Columbia. DC Power Connect serves as a gateway for district consumers to view and select clean and affordable energy options. The site allows energy customers, both residential and commercial, to buy electricity and natural gas from a diverse group of competitive retail energy suppliers authorized to sell energy in the District.
Before searching for offers, it is recommended that customers review their current usage, price per electricity hour (kWh), and supply charges to make informed comparisons with offers from competitive suppliers. It is also important to understand the terms and conditions of the offers, including any guaranteed price periods, as prices may increase after this period, and some third-party suppliers change prices without advance notice.
The District's climate change and clean energy plans, outlined in the Clean Energy DC Act, have set aggressive goals for carbon neutrality and renewable electricity. By improving service to customers and providing a range of energy options, DC Power Connect helps the District work towards its clean energy and climate goals.
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Frequently asked questions
The Potomac Electric Power Company (PEPCO) supplies electric power to the city of Washington, DC, and the surrounding communities in Maryland.
The current trademarked slogan of PEPCO is "Your life. Plugged in."
PEPCO is owned by Exelon.
DC Power Connect is the official site for the District of Columbia. It is brought to you by the Public Service Commission of the District of Columbia.
Some other approved electricity suppliers in the District of Columbia include:
- AEP Energy, Inc.
- Ameresco, Inc.
- Arcadia Power, Inc.
- Enel X North America, Inc.
- Goldstar Energy Group, Inc.
- MSI Utilities, Inc.
- National Utility Service, Inc.
- Summit Energy Services, Inc.
- United Power Consultants, Inc.
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