Pepco to Begin Installing Smart Meters in Maryland

Installations will Run June 2011 Through December 2012

WASHINGTON--(BUSINESS WIRE)--In June, Pepco will begin installing advanced digital electric meters, also referred to as smart meters, throughout its Maryland service area. The meter exchange program is the first step in the utility’s long-term investment to build a smart power grid that will help customers better manage their energy use and costs and improve customer service and reliability.

“Installing smart meters is a first step to transforming today’s aging power grid to one that is more flexible and efficient”

Crews will continue with the installation process through December 2012 until all of Pepco’s Maryland customers receive a new meter. Prior to installation, customers will receive a letter and fact sheet from Pepco which, among other things, introduces them to the contractor, Scope Services Inc., who will perform the meter installation.

“Installing smart meters is a first step to transforming today’s aging power grid to one that is more flexible and efficient,” said Thomas Graham, President, Pepco Region. “Ultimately, customers will see benefits, such as fewer estimated bills and more tools to help customers better manage their energy use and help the environment.”

While Pepco will begin installing new meters this summer, Graham emphasizes it will take some time to fully integrate them to a point where customers will be able to realize all the benefits.

To learn more about Pepco’s meter exchange plan, customers are encouraged to visit the “Smart Grid” section on www.pepco.com under “Our Energy Future.” Customers will find information on the new meters, a fact sheet on how to prepare for installation, and answers to frequently asked questions.

In August 2010, the Maryland Public Service Commission authorized Pepco to proceed with this modernization effort, which is consistent with federal initiatives to improve energy efficiency, while reducing carbon emissions. Pepco has received $68.85 million in federal stimulus grants to help fund Pepco’s smart meter program in Maryland.

Pepco, a subsidiary of Pepco Holdings, Inc. (NYSE: POM), delivers safe, reliable and affordable electric service to more than 778,000 customers in Maryland and the District of Columbia.

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