Pepco Spends $163 Million With Diverse Suppliers in 2018

WASHINGTON, D.C. (April 11, 2019) – Pepco purchased $163 million in goods and services from diversity-certified suppliers in 2018, which is 29 percent of the company’s total yearly purchases, up from 28 percent a year ago and the largest percentage commitment in the company’s more than 100-year history.

“We have an absolute commitment to advancing the communities we serve, including engaging local diverse suppliers to support our business needs,” said Dave Velazquez, president and CEO, Pepco Holdings. “We continue to see real value from our focus on diversity and inclusion in everything we do. From improvements in reliability, customer satisfaction, and internal operations to our community and economic impact, our customers continue to benefit from our efforts to bring a wide range of views and approaches to the table.”

For Pepco, as well as its parent company Exelon, diversity and inclusion are core foundational values–both in the workplace and in its engagement with the communities it serves. Exelon has increased spending with women- and minority-owned businesses by more than 200 percent since 2011, reaching more than $2.2 billion in 2018. Because of its commitment to diverse suppliers, Exelon is a member of the Billion Dollar Roundtable, a top-level advocacy organization that promotes corporate supplier diversity excellence.

As part of Pepco’s efforts to expand its procurement efforts with local women- and minority-owned businesses, the company established Target 25 in 2017. Target 25 provides diversity-certified vendors an opportunity to learn more about Pepco’s processes, as well as its parent company Exelon, advancing the growth and development of each vendor’s relationship with the energy company.

Pepco’s efforts to expand its engagement with diverse suppliers has earned the company several awards, including the 2018 Women Presidents’ Educational Organization “DC Done Deals Corporate Opportunity Award” and the 2017 “Corporation of the Year” award from Capital Region Minority Supplier Diversity Council.

Companies interested in working with Exelon can register with the company and include pertinent information, including their diversity status, at http://www.exeloncorp.com/suppliers.

Find additional information about Pepco by visiting 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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Pepco is a unit of Exelon Corporation (NYSE: EXC), the nation’s leading energy provider, with approximately 10 million customers. Pepco provides safe and reliable energy service to approximately 883,000 customers in the District of Columbia and Maryland.