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Pepco to Provide $7.5 Million in Additional Merger Benefits to Low and Moderate Income Customers in Maryland

WASHINGTON, D.C. (June 29, 2017) - Last week Pepco provided $737,000 in additional merger benefits to customers in Maryland, following an April 12, 2017 Maryland Public Service Commission order providing $7.5 million to be directed to support low to moderate income customers. Pepco is providing these benefits as a result of the merger between Exelon and Pepco Holdings that closed in March 2016. 

The benefits will assist low to moderate income customers in Prince George's and Montgomery counties. Pepco is partnering with the Washington Area Fuel Fund (WAFF), a longtime collaboration between Washington Gas and The Salvation Army National Capital Area Command, which helps customers with emergency utility assistance.

"We care about our customers and are proud to deliver on our promise to continue to engage and support the diverse communities we serve," said David Velazquez, President and CEO, Pepco Holdings. "As a member of this community for more than 120 years, Pepco is continuing to focus on providing our customers with safe, reliable and affordable electric service."   

"We are grateful for this expansion of our community partnership with Pepco to bring much needed financial assistance to families in need," said Major James Hall, Area Commander of The Salvation Army National Capital Area Command. The Salvation Army, which has served the community for more than 130 years, provided help to more than 80,200 people last year through an array of social service and community programs.

More than 30 years ago, Washington Gas (a WGL Company) and The Salvation Army partnered to help establish the Washington Area Fuel Fund and help local residents in need. During the winter, WAFF pays for all types of fuel to heat the homes of people in financial need. The Salvation Army disburses the funds through its 12 offices in the metropolitan region while Washington Gas pays all administrative, promotional, and fundraising expenses.  Since 1983, the fund has disbursed more than $24 million to help more than 271,000 residents who do not qualify for or have exhausted government energy assistance.  For more information, visit washingtonareafuelfund.org.

"We welcome Pepco's partnership as we work to grow the resources available to help our neighbors in need and provide warmth for their homes during the winter heating months. Each year, there is a tremendous need in our community for heating assistance and this investment will help us serve these residents," said Adrian Chapman, president and chief operating officer of Washington Gas and WGL.  

For information about Pepco, visit www.pepco.com. Follow us on Facebook at www.facebook.com/pepcoconnect and on Twitter at www.twitter.com/pepcoconnect. Our mobile app is available at www.pepco.com/mobileapp.

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