For Immediate Release
Chevy's New Volt Gets First "Fill-up"
Study to Assess Impact on Electric Grid
WASHINGTON - Pepco energized its first charging stations for electric vehicles today and gave Chevrolet's new Volt plug-in a quick "fill-up" before its debut at this week's Washington Auto Show. The company will purchase 10 Volts to support a study on the effects of vehicle charging on the electrical grid.
"We are excited to be at the forefront of developing an infrastructure to supply "fuel" for electric vehicles," said Joseph M. Rigby, Chairman and CEO of Pepco Holdings, Inc. "This initiative will provide valuable information about the capabilities of electric vehicles and their growing impact on the grid as we transition to both the smart grid and an electrified transportation sector."
With nearly every major automaker planning to introduce a plug-in electric vehicle over the next three years, Rigby said PHI is committed to working with the auto industry, the Department of Energy, local governments and the utility industry to overcome numerous challenges, including support for both a public and commercial charging infrastructure, affordable vehicle-charging rates and supportive permitting and codes for vehicle charging stations.
"Technology alone will not effect change," Rigby added. "To fully achieve the benefits of the smart grid requires a partnership between utilities and customers, and consumer behavior that is responsive to price signals and incentives that will reduce usage, reduce emissions and lead us to energy independence."
Rigby spoke at a news conference with General Motors' officials at Pepco's Edison Place garage on Eighth Street Northwest where two vehicle charging stations have been installed. Eight additional charging stations will be placed across PHI's service areas in the District of Columbia, Maryland, Delaware and southern New Jersey when the company begins taking delivery of the Volts later this year.
The cars will be added to the company's fleet and driven by employees as part of a two-year demonstration to assess the impact of these vehicles on the electric system and to evaluate their commercial application to the company's fleet.
Smart meters and smart grid technologies will be incorporated with the charging stations to collect information about energy consumption and enable customers to recharge at the most economical time of day, such as during off-peak hours when electric demand is lowest.
Pepco Holdings, Inc. (NYSE: POM) is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.9 million customers in Delaware, the District of Columbia, Maryland and New Jersey . PHI subsidiaries Pepco, Delmarva Power and Atlantic City Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI provides competitive wholesale generation services through Conectiv Energy and retail energy products and services through Pepco Energy Services.