Pepco — Merger or Acquisition (August 2014)
15 slides from Pepco's merger presentation, Aug 19, 2014
Slide 1: Schedule 14A Proxy Statement - Pepco Holdings, Inc.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy
Slide 2: Notice of presentation materials distributed in Maryland
On August 19, 2014, Pepco Holdings, Inc. began conducting presentations and handing out the following presentation materials to public utility commissions and their staff members, elected officials, customers, media and members of the community in Maryland.
Slide 3: The Exelon & Pepco Holdings Combination - Maryland
The Exelon & Pepco Holdings Combination - Maryland Enhancing reliability and providing benefits to customers
Slide 4: Customer, community and employee benefits for all PHI utilities
Customer, community and employee benefits for all PHI utilities 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 Communitie
Slide 5: Creating the leading mid-Atlantic electric and gas 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 andNewJersey,PepcoHolding
Slide 6: Creating the leading mid-Atlantic electric and gas 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 MD Wilmington Baltimore NJ Atlantic Chicago Dover City Washington
Slide 7: Creating the leading mid-Atlantic electric and gas utility
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 • Signif
Slide 8: Powering performance – Pepco and Delmarva Power
Powering performance – Pepco and Delmarva Power A winning combination Transactioncombines Exelon’sthreetop-performing utilities– BGE,PECOandComEd– andPepcoHoldings electricandgasutilities– Pepco,Delmarva PowerandACE. Exelon and PHI are committed to maintain reliability levels for Pepco and Delmarva
Slide 9: Delivering benefits to Pepco and Delmarva Power customers
Delivering benefits to Pepco and Delmarva Power utility customers, employees and communities The transaction will deliver direct benefits to: Customers Upon closing of the merger, Exelon will provide an aggregate amounttoofMaryland $40 million for a Customer Investment Fund to be used as the PSC dee
Slide 10: Delivering benefits to communities
Delivering benefits to Pepco and Delmarva Power utility customers, employees and communities The transaction will deliver direct benefits to: Communities Exelon shares Pepco and Delmarva Power’s commitment to the local communities it serves. In Maryland, Exelon has committed to provide an annual ave
Slide 11: Delivering benefits to employees
Delivering benefits to Pepco and Delmarva Power utility customers, employees and communities The transaction will deliver direct benefits to: Employees All existing collective-bargaining agreements will be honored, and PHI has successfully negotiated contract extensions with all four of the unions r
Slide 12: Merger expected to add jobs, inject millions into Maryland economy
Merger expected to add jobs, inject millions of dollars into local Maryland economy The transaction will deliver benefits to: Local Maryland economy: The merger commitments are expected to result in significant economic benefits for Maryland, as detailed in an economic modeling analysis included in
Slide 13: 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 11
Slide 14: Questions?
—= Exelon. YZ Pepco Holdings Inc Questions?
Slide 15: Cautionary Statements Regarding Forward-Looking Information
Cautionary Statements Regarding Forward-Looking Information Exceptfor the historical information containedherein,certain of the matters discussedin this communicationconstitute “forward-looking statements”within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both