PHI Declares Quarterly Dividend

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Thu Oct 23, 2008 2:34pm EDT 

WASHINGTON--(Business Wire)--
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, 2008, to shareholders of record on Dec. 10, 2008.

   About PHI: Pepco Holdings, Inc., headquartered in Washington,
D.C., delivers electricity and natural gas to about 1.9 million
customers in Delaware, the District of Columbia, Maryland, New Jersey
and Virginia, through its subsidiaries Pepco, Delmarva Power and
Atlantic City Electric. PHI also provides competitive wholesale
generation services through Conectiv Energy and retail energy products
and services through Pepco Energy Services.

Pepco Holdings, Inc.
Media Contact:
Robert Dobkin
202-872-2680
or
Investor Contact:
Donna Kinzel
302-429-3004

Copyright Business Wire 2008
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