Atlantic City Convention & Visitors Authority to have installed the largest single roof-mounted solar array in the United States on Atlantic City Convention Center

(Atlantic City, NJ, June 18, 2008) - The Atlantic City Convention & Visitors Authority (ACCVA) announced today that it has awarded Pepco Energy Services, a subsidiary of Pepco Holdings, Inc. (NYSE: POM) a 20-year power purchase agreement with the Atlantic City Convention Center (ACCC) to install the largest single roof-mounted solar array in the United States.

“With each step we take, the ACCVA continues to embrace green initiatives and stand at the forefront of the environmental movement,” said Jeffrey Vasser, executive director of the ACCVA. “Following Governor Jon S. Corzine’s lead in taking a proactive look at environmental issues, our outstanding team has worked in conjunction with Pepco Energy in order to develop this project which allows us to use our natural resources to run the convention center more efficiently.”

“We congratulate the Atlantic City Convention & Visitors Authority and Pepco Energy Services on their agreement,” said President Jeanne Fox of the New Jersey Board of Public Utilities. “This is an example of the kind of initiatives we hope to see as we transition to the sale or trade of solar renewable energy certificates (SRECs) to pay for solar projects.”

Under the 20-year contract, Pepco Energy Services will build, own, operate and maintain the 2.36-megawatt solar array for the Atlantic City Convention Center. Construction will begin during the month of June and will be completed by December 31, 2008. The Convention Center is operated by the management company SMG.

ACCVA to have installed largest single roof-mounted solar array in the United States, add one

“Pepco Energy Services is excited to be working with the Atlantic City Convention Center on this incredible renewable energy project,” said David Weiss, President and Chief Operating Officer of the Energy Services Division of Pepco Energy Services.
The solar panel project is the first in a series of initiatives the ACCVA is planning, including participation in the Convene Green Alliance. The ACCVA was invited to participate as a founding member of the Convene Green Alliance, a grass-roots, industry initiative spearheaded by several associations that seek to affect positive environmental practices through national, regional and local outreach and education. As a Convene Green Alliance member, Atlantic City is one of only four destinations including: Charlotte, NC; Nashville, TN; and Richmond, VA.


About the Atlantic City Convention & Visitors Authority
The Atlantic City Convention & Visitors Authority serves as the destination's principal marketing arm, stimulating economic growth through convention, business and leisure tourism development. The Authority oversees the management of the Atlantic City Convention Center and Boardwalk Hall on behalf of its parent agency, the New Jersey Sports and Exposition Authority. The Authority is the first in New Jersey to achieve Destination Marketing Accreditation by the Destination Marketing Association International. The Authority is among an elite group of 47 accredited convention and visitor bureaus throughout the United States. For complete Atlantic City information, visit www.atlanticcitynj.com.

About the Atlantic City Convention Center
The Atlantic City Convention Center is the central East Coast’s premiere meeting location. The $268,000,000 center opened in 1997 and offers and 500,000 contiguous square feet of meeting space and is convenient to all of the City’s hotels. The Center is operated by the Atlantic City Convention & Visitors Authority, owned by the New Jersey Sports and Exposition Authority, and managed by SMG.

About SMG
SMG is the world leader in facility management, marketing and development, with more than 28 years experience of successful facility management providing the finest services, the greatest entertainment, and the most positive customer experience for the buildings we manage across the United States and around the world. Delivering top-notch booking, marketing and sales, construction and operations consultation and operations development. Headquartered in Philadelphia, SMG provides facility services to more than 200 venues in 41 states, Puerto Rico, Mexico, Canada, Europe, China and the Middle East, controls over 1.5 million entertainment seats worldwide and manages more than ten million square feet of exhibition space. For more information about SMG, call 215-592-4100 or visit www.smgworld.com.

About Pepco Energey Services, Inc.
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.

Atlantic City Convention Center Solar Project
Fact Sheet

• Under a 20-year power purchase agreement, the Atlantic City Convention & Visitors Authority is hiring a private company, Pepco Energy Services of Arlington, Va., to install a 2.36-megawatt rooftop solar power system
  
• Upon completion, the solar power system will be the largest single-roof solar power array installation in the United States
  
• The solar power system will cover two-thirds of the main roof of the convention center or about 290,000 square feet
  
• The project will begin within 30 days and will be completed before December 31, 2008
  
• The total savings realized by Atlantic City Convention Center as a result of the solar project will be nearly $4.4 million in electricity costs over the 20-year contract
  
• Upon completion, the Pepco Energy proposed solar system would provide approximately 26% of the Atlantic City Convention Center’s electrical usage
  
• The rooftop solar power system would be comprised of approximately 13,321 modules/panels
  
• The generation of renewable energy from the Atlantic City Convention Center Solar Project avoids the release of 2,349 tons of carbon dioxide into the atmosphere
  
• That is equivalent to:
  • Removing 390 passenger vehicles from the road or
  • Reducing oil consumption by 4,956 barrels per year or
  • The electricity used by 282 homes in one year or
  • The carbon sequestered annually by 484 acres of trees or
  • The carbon sequestered by 54,646 tree seedlings grown for 10 years or
  • Preserving 14.8 acres of forest from deforestation or
  • The recycling of 734 tons of waste instead of sending it to a landfill
    

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