The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Pepco Holdings, Inc. (“Pepco” or the “Company”) (NYSE: POM) and other violations of state law by the board of directors of Pepco relating to the proposed buyout of the Company by Exelon Corp. (“Exelon”).

Under the terms of the transaction, shareholders will receive $27.25 per share in cash for each outstanding share of Pepco common stock. The transaction is currently valued at approximately $6.83 billion.

The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Exelon is underpaying for Pepco shares.

If you currently own common stock of Pepco and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.

You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.

Copyright Business Wire 2010