GE Energy Chosen by Pepco Holdings to Deliver Smart Meters, Enabling Consumers to Better Manage Energy Usage and Costs

ATLANTA--(Business Wire)--
GE Energy has reached an agreement with Pepco Holdings, Inc., (PHI) an electric
utility that will buy GE`s state-of-the-art smart meters for use in the
deployment of its advanced metering infrastructure (AMI) in the state of
Delaware, with flexibility to expand usage of the smart meters in other areas of
PHI`s service territory.

Smart meters are among the fundamental building blocks of smart grid
deployments. They track and report energy usage by time of day, enabling
utilities to charge less for electricity used during off-peak hours. As a
result, consumers can choose to shift energy-intensive activities to times when
rates are lower to save on energy costs.

"Smart meters are the consumer touch-point of the smart grid, giving people real
choice in how they spend-and save-their energy dollars," said Bob Gilligan, vice
president, transmission and distribution at GE Energy. "As government officials
move to a new level of energy awareness, it is only fitting that one of
America`s original energy companies is part of the solution."

With a never-ending increase in energy demand, a shortage of new generation
sources and concern over climate change, the smart grid is emerging as a
valuable tool to deliver more power to consumers without building more power
plants. It promises increased efficiencies, a reduction in peak power
requirements, and improved integration of renewable energy resources - all
helping to slow the demand for new fossil-fuel generation. If U.S. Smart Grid
deployments increase grid efficiency by just 5 percent, it will eliminate the
need to build 42 coal-fired power plants.1

"PHI`s vision is to change the relationship we have with our customers," said
Joseph M. Rigby, president and chief executive officer of PHI. "With new digital
smart meters and the smart grid, PHI`s utilities will be able to provide
up-to-date energy information and tools that will help our customers manage
their energy use and costs. PHI is proud to be a leader in the transformation of
the electric delivery industry."

Communications technologies within GE`s smart meters will also help PHI detect
and better respond to power outages, further improving the energy experience for
PHI consumers and business customers alike. Installation of the GE meters is
expected to begin in the fourth quarter of 2009 in Delaware.

About GE Energy

GE Energy (www.ge.com/energy) is one of the world`s leading suppliers of power
generation and energy delivery technologies, with 2008 revenue of $29.3 billion.
Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry
including coal, oil, natural gas and nuclear energy; renewable resources such as
water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy
products are certified under ecomagination, GE`s corporate-wide initiative to
aggressively bring to market new technologies that will help customers meet
pressing environmental challenges.

About GE

GE is a diversified global infrastructure, finance and media company that is
built to meet essential world needs. From energy, water, transportation and
health to access to money and information, GE serves customers in more than 100
countries and employs more than 300,000 people worldwide. For more information,
visit the company's Web site at http://www.ge.com. GE is Imagination at Work.

1Commissioner Wellinghoff, U.S. Federal Energy Regulatory Commission testifying
to U.S. Congress, May 2007

GE Energy
Margaret Chapman, +1-678-844-5869
margaret.chapman@ge.com
or
Masto Public Relations
Gina DeRossi or Howard Masto, +1-518-786-6488
gina.derossi@mastopr.com
howard.masto@ge.com

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