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<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Pepco Announces Settlement for Recent Maryland
<o:p></o:p></span></b></p>
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Electric Delivery Rate Request<o:p></o:p></span></b></p>
<p class="MsoNormal" align="center" style="text-align:center"><i><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Customers to see lower rates and continue to benefit from ongoing efforts
<o:p></o:p></span></i></p>
<p class="MsoNormal" align="center" style="text-align:center"><i><span style="font-size:16.0pt;font-family:"Times New Roman",serif">building a smarter energy infrastructure<o:p></o:p></span></i></p>
<p class="MsoNormal" align="center" style="text-align:center"><i><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></i></p>
<p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Times New Roman",serif">WASHINGTON, D.C.
</span></b><span style="font-size:16.0pt;font-family:"Times New Roman",serif">(May 3, 2018) –
</span><span lang="EN" style="font-size:16.0pt;font-family:"Times New Roman",serif">Pepco has filed with the Maryland Public Service Commission (PSC) a request for approval of a settlement agreement regarding Pepco’s electric delivery rate request and the company’s
plan to pass along federal tax benefits to its Maryland customers. <o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN" style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Based on the settlement, which includes the impact of the federal tax reductions from the Tax Cut and Job Act, overall energy delivery rates will decrease. Specifically,
the total monthly bill for a typical Maryland residential customer using 812 kilowatt hours of electricity would decrease by $1.64 or around 1.31 percent. In addition, the Company is providing a one-time bill credit related to the Tax Cut and Job Act benefits
received since January 1, which is approximately $10.09 per residential customer. The settlement provides customers the benefits of the federal tax reduction as quickly as possible and efficiently resolves the pending requests.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">"We are pleased to have reached this important agreement providing Pepco with the revenue necessary to allow us to continue to invest in the local energy system and to pass
along important tax savings to customers across our Maryland service area,” said Dave Velazquez, president and CEO of Pepco Holdings. "We appreciate the hard work and cooperation of all involved as we worked together on this effort.”
<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN" style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Pepco filed its January 2018 rate request to help recover capital costs, including those costs necessary to build a smarter energy infrastructure. These efforts have resulted
in the most reliable service in the company’s history, as well as some of the fastest restoration times ever. During the past five years, the number of electric outages has decreased by 49 percent in Pepco’s Maryland service area.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">This Maryland agreement comes just days after
</span><span lang="EN" style="font-size:16.0pt;font-family:"Times New Roman",serif">Pepco filed with the District of Columbia Public Service Commission regarding agreements reached on the company’s rate request and tax benefits plan for the District.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Pepco is constantly working to provide customers with valuable information about how to save money and energy, as well as information about programs and arrangements for
customers who may be struggling with their energy costs. More information about these programs and initiatives is available at
<a href="http://www.pepco.com"><span style="color:#0563C1">www.pepco.com</span></a>.
<o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Follow us on Facebook at
<a href="http://www.facebook.com/pepcoconnect"><span style="color:#0563C1">facebook.com/pepcoconnect</span></a> and on Twitter at
<a href="http://www.twitter.com/pepcoconnect"><span style="color:#0563C1">twitter.com/pepcoconnect</span></a>. Our mobile app is available at
<u><span style="color:blue"><a href="http://www.pepco.com/mobileapp"><span style="color:#0563C1">pepco.com/mobileapp</span></a></span></u><span style="color:blue">.</span>
<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">###<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:16.0pt;font-family:"Times New Roman",serif">About Pepco: Pepco, a public utility owned by Exelon Corporation (NYSE: EXC), provides safe and reliable energy to more than 842,000 electric delivery customers in Maryland
and the District of Columbia. </span></i><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Harlow Solid Italic"">Jessica<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif">Jessica E. Barnes<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif">Town Clerk<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif">Riverdale Park<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif">5008 Queensbury Road<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif">Riverdale Park, MD 20737<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif"><a href="http://www.riverdaleparkmd.info/">www.riverdaleparkmd.info</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif">301-927-6381 x505<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Cambria",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-family:"Cambria",serif">A Welcoming Community, Come Grow with Us!<o:p></o:p></span></i></b></p>
<p class="MsoNormal"><span style="font-family:"Cambria",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Cambria",serif">DISCLAIMER: All Town of Riverdale Park email recipients are cautioned that messages sent and received via the Town's email system may be considered public record pursuant to the Maryland Public
Information Act, and may be subject to inspection and copying by the public.<o:p></o:p></span></p>
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