PEPCO Board Of Directors Elects Karen Almquist
As Assistant Treasurer And Assistant Secretary

#160;#160;#160;#160;#160;#160;#160; Following the Annual Meeting of Shareholders, the Board of Directors of Potomac Electric Power Company elected Karen G. Almquist as Assistant Treasurer and Assistant Secretary. She is currently the Company`s Manager of Treasury Management Analysis.

#160;#160;#160;#160;#160;#160;#160; Almquist started working at PEPCO in 1978 as an Associate Financial Analyst and, prior to her current position, was the Manager of Financial Analysis. Before joining PEPCO she worked with the Metropolitan Washington Council of Governments and Sterling Drug Co. Almquist received her master`s degree in business administration in finance from the University of Maryland at College Park and her bachelor`s degree in psychology from Alfred University in New York. She is an active member of the Treasury Management Association and resides in Fairfax, Va.