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Home > Companies Hiring > Electrician Companies > Potomac Electric Power Company
Potomac Electric Power Company
Potomac Electric Power Company,PEPCO was founded in the late 19th Century as a subsidiary of the Washington Traction and Electric Company, one of the private streetcar companies in Washington. The surplus power was then sold to other electric streetcar companies and to cable car companies so that they could convert to electricity. Later, the power was also sold to business and residential customers. The Public Utility Holding Company Act of 1935 forced the North American Company, the holding company, to sell the streetcar business and operate just the public utility.
The Company transmits and distributes electrical energy throughout Washington D.C. metropolitan area. The company also offers telecommunications services which includes local and long distance telephone, high-speed communication systems. Today's intense heat and humidity are increasing the demand for power. Mid Atlantic utilities are asking the public to use conservation measures because of very high demand for power due to the intense heat and humidity.
The products and services of the company are provided by the wholly owned subsidiaries namely Pepco Holdings, Inc, Potomac Electric Company Trust I and Edison Capital Reserves Corporation. Utility accounted for 87 percent of 2000 revenues and no regulated 13 percent. As U.S. utilities scramble to meet record electricity demand in a scorching summer heat wave, the United States Department of Energy said it does not have a system to check if power marketers are illegally selling domestic power.
The Potomac Electric Power Company known as PEPCO is a public utility supplying electric power to the city of Washington, D.C, and to surrounding communities in Maryland. They are committed to help promote the importance of financial advantages around the world. In doing this, they will professionally offer unique products and services to their customers in a competitive manner. They will always strive for 100 percent customer satisfaction.
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