Pepco Energy Services Inc., a unit of Pepco Holdings Inc. (POM), has stepped into the Texas energy services market and established its regional headquarters in the Dallas-Fort Worth area.
Pepco Energy’s new office will serve its prospective client base consisting of federal, state, municipal and local government agencies, as well as commercial and industrial customers. Pepco Energy will provide a wide range of renewable energy, combined heat and power, operation and maintenance services, performance contracting and energy efficiency services.
Pepco Energy said that its decision to expand into the Texas market stems from the high growth potential of the energy services business in the region. As a result, the company has built a Texas team of professionals who already have a solid performance record throughout the state.
A leader in energy savings, Pepco Energy has successfully implemented over 450 energy services projects valued in excess of $850 million over the past 15 years. The company boosted its position by meeting and even exceeding its energy savings guarantee commitments on these projects.
Based in Washington, District of Columbia (DC), Pepco Holdings engages in both regulated utility and unregulated businesses. The company through its two operating divisions, Power Deliver and Competitive Energy, transmits and distributes electricity as well as delivers and supplies natural gas.
Pepco Holdings is scheduled to release its second quarter 2011 earnings results on Thursday, August 4, 2011. The Zacks Consensus Estimate for the second quarter is 30 cents per share.
Pepco Holdings expects earnings per share for 2011 in the range of $1.10 to $1.25. The Zacks Consensus Estimate for the year is presently at $1.20 per share, near the higher end of the guidance range.
Pepco Holdings currently retains a Zacks #3 Rank (short-term Hold rating). The major peers of the company are FirstEnergy Corp. (FE) and Constellation Energy Group Inc. (CEG).
