Exelon Executives Build Connections with D.C.-Area Minority- and Women-Owned Business Leaders
October 08 2014 - 11:30AM
Business Wire
Diverse suppliers learn about doing business
with Exelon, in light of merger with Pepco Holdings Inc.
More than 150 minority- and women-owned business leaders joined
an event yesterday to learn more about Exelon’s strategy to
increase its spending with diverse suppliers. Exelon announced
plans in April to merge with Pepco Holdings Inc. (PHI), the parent
company of D.C. utility Pepco.
Hosted by The Presidents’ RoundTable, Inc. and the Capital
Region Minority Supplier Development Council, the event gave
members access to Exelon and PHI leaders, and outlined how the
companies will work with diverse businesses across the region. A
panel of Exelon senior executives also discussed Exelon’s plans to
grow in this area, as well as strategies for how minority- and
women-owned businesses can do business with the company.
“Exelon shares and will continue to support PHI’s commitment to
working with diverse businesses in the nation’s capital,” said M.
Bridget Reidy, senior vice president and chief supply officer of
Exelon. “Minority- and women-owned business leaders are an
important part of the growing D.C. economy, and we welcomed this
chance to discuss the opportunities our merger could present to
them.”
In 2013, Exelon spent $906 million with certified diverse
suppliers, and PHI’s Pepco utility spent $80 million on diverse
supplier procurement, both increasing diverse spending over the
previous year.
The combination of the companies will bring together Exelon’s
three electric and gas utilities – BGE, ComEd and PECO – and Pepco
Holdings’ (PHI’s) three electric and gas utilities – Atlantic City
Electric, Delmarva Power and Pepco – to create the leading
mid-Atlantic electric and gas utility. The companies anticipate
completing the merger in the second or third quarter of 2015.
Exelon Corporation (NYSE: EXC) is the nation’s leading
competitive energy provider, with 2013 revenues of approximately
$24.9 billion. Headquartered in Chicago, Exelon does business in 48
states, the District of Columbia and Canada. Exelon is one of the
largest competitive U.S. power generators, with more than 35,000
megawatts of owned capacity comprising one of the nation’s cleanest
and lowest-cost power generation fleets. The company’s
Constellation business unit provides energy products and services
to approximately 100,000 business and public sector customers and
approximately 1 million residential customers. Exelon’s utilities
deliver electricity and natural gas to more than 7.8 million
customers in central Maryland (BGE), northern Illinois (ComEd) and
southeastern Pennsylvania (PECO). Follow Exelon on Twitter
@Exelon.
ExelonPaul AdamsCorporate
Communications410-470-4137paul.adams@exeloncorp.com
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