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For Immediate Release

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Pepco Postpones Annual Meeting

For Immediate Release
February 12, 2001

In light of today`s announcement of a proposed merger between Potomac Electric Power Company (NYSE: POM) and Conectiv, Pepco has postponed its annual meeting of shareholders originally scheduled for April 24, 2001, 10 a.m. in Bethesda, Md. Pepco will announce a new date for its annual meeting in the near future.

Point of Contact:
Nancy Moses

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