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Teleconference: Review of Pepco First Quarter 2002 Earnings

Wednesday, April 10, 2002

For Immediate Release
April 10, 2002

Potomac Electric Power Company (NYSE: POM) announced today that it will conduct its quarterly earnings conference call on Friday, April 26, 2002 at 9 a.m. EDT. A question-and-answer period will follow brief remarks by senior management.

Individual investors, members of the news media and other interested persons may access the conference call "live" on the Internet at http://www.pepco.com or by telephone at (212) 676-5215 before 8:55 a.m. EDT. A taped replay of the conference call will be available at 11 a.m. EDT and will remain available through 11 a.m. on May 3. To hear it, call (800) 633-8284 or (858) 812-6440 and enter the access code 20514296. An audio archive also will be available at Pepco`s website.

About Pepco
Pepco is an investor-owned utility that delivers electricity in Washington, D.C., and the Maryland suburbs to more than 700,000 customers. Through its family of subsidiaries, Pepco also operates in the mid-Atlantic region in the competitive arenas of diversified energy products and services and telecommunications.

Point of Contact:
Charles Taylor