Pepco Energy Services Names Vice President and General Manager for New England Business

ARLINGTON, Va., March 17 /PRNewswire-FirstCall/ -- Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. (NYSE:POM) and a leader in energy and energy-related services, announced today that it has named Stephen J. Fabiani as Vice President and General Manager for its New England business. Fabiani joins Pepco Energy Services as a member of its senior leadership team and has responsibility for leading the company's expansion into the New England energy market.

"Steve brings to our organization a unique mix of leadership in market development and retail energy experience, and we are very fortunate to have him as part of our team," said John Huffman, President and Chief Operating Officer of Pepco Energy Services.

Fabiani began his 25 years of experience in the energy industry at Bay State Gas Company and has held leadership positions at XENERGY, KBC Energy Services, EnergyVision and Select Energy.

Fabiani is a native of Andover, Massachusetts and a graduate of Boston College with a Bachelor of Science degree in Business Management. Throughout his career, he has served on numerous energy and environmental committees and is a frequent speaker at energy industry events.

About Pepco Energy Services

Pepco Energy Services, Inc. is a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE:POM) and a leader in providing commercial, institutional, government and industrial customers with competitive electricity and natural gas supply and energy efficiency services. Visit www.pepcoenergy.com for more information.

Pepco Energy Services, Inc. is not the same company as Potomac Electric Power Company, and prices and services of Pepco Energy Services, Inc. are not set by the Public Service Commission.

Information contained in this news release may include forward-looking statements which should be considered in light of the risks inherent in the business of Pepco Holdings, Inc. and its subsidiaries, as discussed in public documents filed with the Securities and Exchange Commission.

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Source: Pepco Energy Services

CONTACT: Kim Price of Pepco Energy Services, +1-703-253-1839

Web site: http://www.pepcoenergy.com/

2008-03-17 16:40:37 0314354 PRNEWSWIRE