Pepco plans redemption of $210 million of 5.9%, 6% notes in November

By Devika Patel

Knoxville, Tenn., Oct. 29 - Pepco Holdings, Inc. said it will use the remaining proceeds from its $250 million issue of 2.7% notes due 2015 to redeem $10 million of its $200 million of 5.9% senior notes due 2016 and all $200 million of its 6% senior notes due 2019 in November.

Pepco Holdings, based in Washington, D.C., delivers electricity and natural gas through subsidiaries Pepco, Delmarva Power and Atlantic City Electric as well as retail energy products and services through Pepco Energy Services.

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