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Wednesday, June 22, 2011

Pepco Faces Service Challenges

The head of Pepco’s parent company says he doesn’t think the electric utility can be a top performer in the next two or three years.

According to The Washington Examiner, Pepco Holdings Inc. CEO Joe Rigby told Montgomery County Council members during a meeting on Monday that in terms of performance he’s “not even shooting for average.”

Rigby said in a statement Tuesday that his comments were taken out of context. Rigby said Pepco is determined to be a top performing utility. He says Pepco is working to avoid outages by trimming 1,800 miles of tree line and upgrading underground cable.

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Pepco Holdings is the parent of Delmarva Power. – Ed.

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