The Potomac Electric PowerCompany (PEPCO) is a public utility that supplies electric power to Washington, D.C. and surrounding communities in Maryland. It began as Potomac Electric Co. in 1891 to provide street lighting and streetcar power in Georgetown and Northwest D.C. That company filed bankruptcy in 1895 and, under new owners incorporated as Potomac Electric Power Company in 1896. It became a subsidiary of the North American Company, which owned the Washington Traction and Electric Company, a private streetcar company in Washington.⠀
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On December 17, 1896, after a long court battle, the company received a contract to light the city of Washington D.C. The company merged with its rival, United States Electric Lighting Company in 1889 and in 1899, with Washington Traction and Electric Company. In June 1901, the company filed for bankruptcy and was acquired by the Washington Railway and Electric Company.⠀
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In 1928, the North American Company, a holding company that owned many public utilities, gained control of Washington Railway and Electric. After a decade battling legal challenges to company size and dominance, Pepco's stock was distributed to Washington Railway's shareholders in December 1947, making Pepco an independent, publicly traded company. [wikipedia.com]⠀
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