Black Enterprise Again Names PHI an Industry Leader in Diversity.WASHINGTON -- Pepco Holdings, Inc. (NYSE NYSE See: New York Stock Exchange :POM) has been named by Black Enterprise Magazine as among the Top 40 Best Companies For Diversity for the third year in a row. Black Enterprise, a leading business and investment publication for African Americans African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. , announced the awards in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. on June 13 and will publish the complete list of cited companies in its July 2007 issue. In selecting the listed companies, Black Enterprise's editors evaluated companies' diversity programs, consulted with diversity experts and corporate diversity officers and conducted an extensive survey of 1,000 of America's largest publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and 50 leading global companies with significant U.S. operations. The companies that made the list outperformed other corporations in their peer group in significant representation of African Americans and other ethnic minorities in four key categories: supplier diversity Supplier Diversity is a business program that encourages the use of previously underutilized minority owned vendors as suppliers. It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification. , senior management, board of directors, and total employee base. PHI phi n. Symbol  The 21st letter of the Greek alphabet.PHI, n See health information, protected. was cited for recognized strengths in supplier diversity, senior management and total employee base. "It's truly an honor to be included on Black Enterprise's list for three straight years," says Joy Dorsey, PHI's Director of Diversity and Human Resource Strategic Planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . "PHI continues to work long and hard to earn it. Diversity is a core value at PHI and we strive to be one of America's leading companies and an employer of choice in this area." This year Black Enterprise decided to draw a more definitive line to the commitment that companies have made to diversity by weighing more heavily on two of the four categories: procurement and senior management. PHI was recognized as one of the 15 Best in Senior Management Diversity. About PHI: Pepco Holdings, Inc., headquartered in Washington, D.C., is an energy delivery company serving about 1.8 million customers in Delaware, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Maryland, New Jersey and Virginia. PHI subsidiaries Pepco, Delmarva Power and Atlantic City Atlantic City, city (1990 pop. 37,986), Atlantic co., SE N.J., an Atlantic resort and convention center; settled c.1790, inc. 1854. Situated on Absecon Island, a barrier island 10 mi (16. Electric provide regulated electricity service; Delmarva Power also provides natural gas service. PHI provides competitive wholesale generation services through Conectiv Energy and retail energy products and services through Pepco Energy Services. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Except for historical statements and discussions, the statements in this news release constitute "forward-looking statements" within the meaning of federal securities law. These statements contain management's beliefs based on information currently available to management and on various assumptions concerning future events. Forward-looking statements are not a guarantee of future performance or events. They are subject to a number of uncertainties and other factors, many of which are outside the company's control. Factors that could cause actual results to differ materially from those in the forward-looking statements herein include general economic, business and financing conditions; availability and cost of capital; changes in laws, regulations or regulatory policies; weather conditions; competition; governmental actions; and other presently unknown or unforeseen factors. These uncertainties and factors could cause actual results to differ materially from such statements. PHI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results and prospects of PHI. |
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