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For Immediate Release

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PEPCO ANNOUNCES NEW BOARD MEMBER

PEPCO ANNOUNCES NEW BOARD MEMBER

Pepco today announced the election of Terence C. Golden, President, Chief Executive Officer, and a Director of Host Marriott Corporation, to its Board of Directors. Mr. Golden also serves as Chairman of Bailey Realty Corporation and Bailey Capital Corporation, which he formed in 1991 and 1993, as well as Director of Prime Retail L.P. and Cousins Properties Inc. Mr. Golden served as administrator of the General Services Administration and Assistant Secretary under President Ronald Reagan. He also served as Chief Financial Officer of the Oliver Carr Company from 1989 to 1991.

In 1997, Mr. Golden became Chairman of the Washington Convention Center Authority. In this volunteer position he oversees the development and construction of the city`s new convention center.

Point of Contact:
Camille Smith

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