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For Immediate Release

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Pepco Teleconference - Review of Fourth Quarter and Year-End Results

For Immediate Release
December 19, 2001

Potomac Electric Power Company (NYSE: POM) announced that it will host a conference call on Friday, January 25, 2002 at 9:00 a.m. EST, to discuss fourth quarter and year-end results. A question and answer period will follow brief remarks by senior management. The teleconference will be available to the general public at (212) 346-6380 and broadcast live on the company`s Web site at www.pepco.com. An audio archive of the call will be available on the Web site following the call and can be accessed for replay by dialing 800-633-8284; passcode is 20115269.

About Pepco
Pepco is an investor owned company that delivers electricity to more than 700,000 customers in Washington, D.C. and the Maryland suburbs. Through its family of subsidiaries, Pepco also operates in the competitive arena of telecommunications and energy products and services in the mid-Atlantic region. For more information visit the company`s web site at www.pepco.com.

Point of Contact:
Makini Street

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