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Pepco Energy Services Selected by Norfolk Public Schools for Lighting and Energy Infrastructure Upgrades

Posted on: Monday, 1 December 2008, 16:57 CST

ARLINGTON, Va., Dec. 1 /PRNewswire-FirstCall/ -- Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. (NYSE: POM) and a leader in energy savings performance contracting, has been chosen to provide a comprehensive lighting retrofit and complete the geothermal system installation at the Norfolk (Virginia) Public School System.

The construction contract calls for Pepco Energy Services to provide high-efficiency lighting and lighting controls for 44 Norfolk public schools. With energy costs expected to continue to rise throughout the coming year, these upgrades will help save on electricity.

As part of the contract, Pepco Energy Services will be completing the installation of the geothermal heating and cooling system at Sewell Point Elementary School. With more than 60% of the energy to heat and cool the school being derived from the earth, this solution represents a highly cost effective and reliable method for providing year-round climate control for the students and teachers.

"Pepco Energy Services looks forward to assisting the Norfolk Public School System in improving their facilities, classroom lighting and energy savings on this project," said David Weiss, President and Chief Operating Officer of the Energy Services Division for Pepco Energy Services.

"In addition to the better learning environment for our children, we are pleased that these upgrades will make us greener and reduce the annual energy consumption for the Norfolk Public Schools," added Michael Spencer, Chief Operations Officer for the Norfolk Public Schools. The energy saved by this project is equivalent to the removal of 11.9 million pounds of CO2 from the atmosphere or the planting of 1,964 acres of trees.

Since 1995, Pepco Energy Services has developed, implemented and financed over $600 million of energy savings performance contracts for more than 250 customers. Accredited by the National Association of Energy Service Companies (NAESCO), Pepco Energy Services has completed energy savings performance contracts for numerous public school systems, including Roanoke County Public Schools in Virginia and Baltimore City Public Schools, Prince George's County Public Schools and Howard County Public Schools in Maryland.

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.

SOURCE Pepco Energy Services

Source: PR Newswire

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