Pepco — Merger or Acquisition (May 2014)
44 slides from Pepco's merger presentation, May 23, 2014
Slide 1: Exelon Pepco Holdings: Enhancing reliability and providing benefits to customers
Exelon® Pepco Holdings, Inc The Exelon & Pepco Holdings Combination Enhancing reliability and providing benefits to customers
Slide 2: Customer, community and employee benefits
Customer, community and employee benefits Reliability, investment, opportunity Customers $100 million in direct customer benefits Commitment to further build on significant reliability progress underway Enhanced emergency-response Cost reduction opportunities Communities Charitable giving maintained
Slide 3: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility Exelon® Headquartered in Chicago, with utility headquarters also in Baltimore and Philadelphia, Exelon is the nation’s leading competitive energy provider. Its family of companies participates in every stage of the energy business, from gene
Slide 4: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility Newark PA Trenton Philadelphia Wilmington MD Baltimore NJ Dover Atlantic City Washington, DC DE VA Chicago IL Atlantic City Electric Co. Service Baltimore Gas and Electric Co. Service ComEd Service Delmarva Power Service PECO Energy Service
Slide 5: Creating the leading mid-Atlantic utility: governance, approvals, timing
Creating the leading mid-Atlantic electric and gas utility Governance: President and CEO: Chris Crane No change to Exelon Board of Directors or senior management team Pepco Holdings CEO Joe Rigby remains in current role until transaction closing Approvals and Timing: Required regulatory approvals in
Slide 6: Powering performance: A winning combination
Powering performance A winning combination Transaction combines Exelon’s three top-performing utilities – BGE, PECO and ComEd – and Pepco Holdings electric and gas utilities – Pepco, Delmarva Power and ACE. Joining a family of large utilities with distinguished emergency-response capabilities will b
Slide 7: Delivering benefits: customers
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Customers $100 million for a Customer Investment Fund to be utilized across the PHI utilities’ service territories (equivalent to approximately $50 per Pepco Holdings c
Slide 8: Delivering benefits: communities
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Communities Exelon will maintain aggregate charitable contributions and community support in the PHI utility service territory at best-ever levels for at least 10 years
Slide 9: Delivering benefits: employees
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Employees All existing collective-bargaining agreements will be honored. No involuntary merger-related job losses of PHI utility employees for two years following closi
Slide 10: Customer investment fund benefits for Washington, D.C.
Customer investment fund benefits for Washington, D.C. pepco Entity Jurisdiction Number of customers Allocated customer investment fund Pepco DC 264k $14m The Exelon & Pepco Holdings Combination 10
Slide 11: Questions?
Exelon® Pepco Holdings, Inc Questions? Delaware
Slide 12: Exelon Pepco Holdings: Enhancing reliability and providing benefits to customers
Exelon Pepco Holdings, Inc The Exelon & Pepco Holdings Combination Enhancing reliability and providing benefits to customers
Slide 13: Customer, community and employee benefits
Customer, community and employee benefits Reliability, investment, opportunity Customers $100 million in direct customer benefits Commitment to further build on significant reliability progress underway Enhanced emergency-response Cost reduction opportunities Communities Charitable giving maintained
Slide 14: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility Headquartered in Chicago, with utility headquarters also in Baltimore and Philadelphia, Exelon is the nation’s leading competitive energy provider. Its family of companies participates in every stage of the energy business, from generation t
Slide 15: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility PA Newark Trenton Philadelphia Wilmington NJ MD Baltimore Dover Atlantic City Washington, DC DE VA IL Chicago Atlantic City Electric Co. Service Baltimore Gas and Electric Co. Service ComEd Service Delmarva Power Service PECO Energy Service
Slide 16: Creating the leading mid-Atlantic utility: governance, approvals, timing
Creating the leading mid-Atlantic electric and gas utility Governance: President and CEO: Chris Crane No change to Exelon Board of Directors or senior management team Pepco Holdings CEO Joe Rigby remains in current role until transaction closing Headquarters and Employees: No change to utility headq
Slide 17: Powering performance: A winning combination
Powering performance A winning combination Transaction combines Exelon’s three top-performing utilities – BGE, PECO and ComEd – and Pepco Holdings electric and gas utilities – Delmarva Power, ACE and Pepco. Joining a family of large utilities with distinguished emergency-response capabilities will b
Slide 18: Delivering benefits: customers
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Customers $100 million for a Customer Investment Fund to be utilized across the PHI utilities’ service territories (equivalent to approximately $50 per Pepco Holdings c
Slide 19: Delivering benefits: communities
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Communities Exelon will maintain aggregate charitable contributions and community support in the PHI utility service territory at best-ever levels for at least 10 years
Slide 20: Delivering benefits: employees
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Employees All existing collective-bargaining agreements will be honored. No involuntary merger-related job losses of PHI utility employees for two years following closi
Slide 21: Customer investment fund benefits for Delaware
Customer investment fund benefits for Delaware Entity Jurisdiction Number of customers Allocated customer investment fund DPL DE 305k $17m The Exelon & Pepco Holdings Combination 10
Slide 22: Questions?
= Exelon. YA Pepco Holdings inc Questions?
Slide 23: Enhancing reliability and providing benefits to customers
The Exelon & Pepco Holdings Combination Enhancing reliability and providing benefits to customers
Slide 24: Customer, community and employee benefits
Customer, community and employee benefits Reliability, investment, opportunity Customers $100 million in direct customer benefits Commitment to further build on significant reliability progress underway Enhanced emergency-response Cost reduction opportunities Communities Charitable giving maintained
Slide 25: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility Headquartered in Chicago, with utility headquarters also in Baltimore Headquartered in Washington, D.C., with utility headquarters also in Delaware and Philadelphia, Exelon is the nation’s leading competitive energy and New Jersey, Pepco Hol
Slide 26: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility Newark Atlantic City Electric Co. Service Baltimore Gas and Electric Co. Service PA Trenton ComEd Service Delmarva Power Service Philadelphia PECO Energy Service Pepco Service Wilmington MD Baltimore NJ Atlantic Chicago Dover City Washington
Slide 27: Creating the leading mid-Atlantic utility: governance, approvals, timing
Creating the leading mid-Atlantic electric and gas utility Governance: Headquarters and Employees: President and CEO: Chris Crane No change to utility headquarters in local service areas No change to Exelon Board of Directors or senior Corporate Headquarters: Chicago management team Significant empl
Slide 28: Powering performance: A winning combination
Powering performance A winning combination Transaction combines Exelon’s three top-performing utilities – BGE, PECO and ComEd – and Pepco Holdings electric and gas utilities – Pepco, Delmarva Power and ACE. Joining a family of large utilities with distinguished emergency-response capabilities will b
Slide 29: Delivering benefits: customers
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Customers $100 million for a Customer Investment Fund to be utilized across the PHI utilities’ service territories (equivalent to approximately $50 per Pepco Holdings c
Slide 30: Delivering benefits: communities
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Communities Exelon will maintain aggregate charitable contributions and community support in the PHI utility service territory at best-ever levels for at least 10 years
Slide 31: Delivering benefits: employees
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Employees All existing collective-bargaining agreements will be honored. No involuntary merger-related job losses of PHI utility employees for two years following closi
Slide 32: Customer investment fund benefits for Maryland
Customer investment fund benefits for Maryland Entity Jurisdiction Number of Allocated customer customers investment fund Pepco MD 537k $29m DPL MD 264k $11m TOTAL 801k $40m The Exelon & Pepco Holdings Combination 10
Slide 33: Questions?
= Exelon. ZA Pepco Holdings Inc Questions?
Slide 34: Enhancing reliability and providing benefits to customers
The Exelon & Pepco Holdings Combination Enhancing reliability and providing benefits to customers
Slide 35: Customer, community and employee benefits
Customer, community and employee benefits Reliability, investment, opportunity Customers $100 million in direct customer benefits Commitment to further build on significant reliability progress underway Enhanced emergency-response Cost reduction opportunities Communities Charitable giving maintained
Slide 36: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility Headquartered in Chicago, with utility headquarters also in Baltimore and Philadelphia, Exelon is the nation’s leading competitive energy provider. Its family of companies participates in every stage of the energy business, from generation t
Slide 37: Creating the leading mid-Atlantic utility
Creating the leading mid-Atlantic electric and gas utility Newark PA Trenton Philadelphia Wilmington NJ Dover Atlantic City DE Baltimore MD Washington, DC VA IL Chicago Atlantic City Electric Co. Service Baltimore Gas and Electric Co. Service ComEd Service Delmarva Power Service PECO Energy Service
Slide 38: Creating the leading mid-Atlantic utility: governance, approvals, timing
Creating the leading mid-Atlantic electric and gas utility Governance: President and CEO: Chris Crane No change to Exelon Board of Directors or senior management team Pepco Holdings CEO Joe Rigby remains in current role until transaction closing Headquarters and Employees: No change to utility headq
Slide 39: Powering performance: A winning combination
Powering performance A winning combination Transaction combines Exelon’s three top-performing utilities – BGE, PECO and ComEd – and Pepco Holdings electric and gas utilities – ACE, Delmarva Power and Pepco. Joining a family of large utilities with distinguished emergency-response capabilities will b
Slide 40: Delivering benefits: customers
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Customers $100 million for a Customer Investment Fund to be utilized across the PHI utilities’ service territories (equivalent to approximately $50 per Pepco Holdings c
Slide 41: Delivering benefits: communities
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Communities Exelon will maintain aggregate charitable contributions and community support in the PHI utility service territory at best-ever levels for at least 10 years
Slide 42: Delivering benefits: employees
Delivering benefits to Pepco Holdings utility customers, employees and communities The transaction will deliver direct benefits to: Employees All existing collective-bargaining agreements will be honored. No involuntary merger-related job losses of PHI utility employees for two years following closi
Slide 43: Customer investment fund benefits for New Jersey
Customer investment fund benefits for New Jersey Entity Jurisdiction Number of customers Allocated customer investment fund ACE NJ 545k $29m The Exelon & Pepco Holdings Combination 10
Slide 44: Questions?
Questions? ***** The following legends were included as a part of each of the foregoing presentations. Cautionary Statements Regarding Forward-Looking Information Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-lookin