Pepco Holdings Joins IBM for Intelligent Utility Network Coalition

Pepco Holdings Joins IBM for Intelligent Utility Network Coalition

Today, IBM (NYSE: IBM) announced that Pepco Holdings, Inc. (NYSE: POM) is the second member to join the Intelligent Utility Network (IUN) Coalition, a new group of utility companies working with IBM to accelerate the adoption of ’smart grid’ technologies and solutions on a global basis. Headquartered in the nation’s capital, Pepco Holdings, Inc.’s (PHI’s) Washington D.C., Maryland, New Jersey and Delmarva Peninsula service territories provide an important environment to highlight the benefits of IUN technologies — for both consumers and the US electric grid.

The announcement, made jointly by IBM and PHI at the GridWeek 2007 conference in Washington, D.C., reinforces PHI’s commitment to implementing innovative technologies which can help customers manage their energy use and reduce the total cost of energy. PHI recently filed plans with the D.C., Maryland and Delaware Public Service Commissions to install ’smart meters’ in the first phase of an effort designed to improve reliability and customer service and enable customers to reduce the amount of energy they consume, particularly during daily peak periods. PHI intends to file a similar plan in the near future with the New Jersey Board of Public Utilities.

“We are very pleased to join this coalition. We share IBM’s vision that the Intelligent Utility Network will transform the way power is delivered, managed and used,” said Dennis Wraase, Chairman, President and CEO, Pepco Holdings, Inc. during opening remarks at GridWeek. “By providing tools for PHI’s nearly two million customers to reduce their electricity usage, we can make a measurable contribution to meeting the nation’s environmental challenges and at the same time help customers keep their electric bills affordable. Building an intelligent grid, based on open standards, is a critical foundation for achieving this vision,” Wraase added.

PHI and IBM have collaborated over the last year to explore new business models, technologies and processes which would enable automation and innovation within utility network operations. The two companies plan to create an interactive experience that will demonstrate how IUN solutions and technologies can deliver benefits to consumers, the market, and the environment.

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