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For Immediate Release

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PEPCO PAYS MORE THAN $94 MILLION IN TAXES TO THE DISTRICT OF COLUMBIA

PEPCO PAYS MORE THAN $94 MILLION IN TAXES
TO THE DISTRICT OF COLUMBIA

Pepco and its customers paid more than $94 million in taxes to the District of Columbia government in 1997. Next to the cost of fuel, taxes are the second highest cost component of a Pepco customer`s electric bill. Federal, state and local taxes currently account for about 24 percent of a customer`s bill in the District of Columbia.

The tax payments during 1997 cover Pepco`s gross receipts tax, sales and use taxes, real estate and personal property taxes. These taxes contribute significantly to supporting public services in the District.

Pepco provides electric service to all of the District of Columbia`s 220,241 residential and commercial customers.

Point of Contact:
Camille Smith

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