Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 8, 2007
PEPCO HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
701 Ninth Street, N.W., Washington, DC
(Address of principal executive offices)
Registrant's telephone number, including area code (202) 872-3526
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Pepco Holdings, Inc.
Pepco Holdings, Inc. (the "Company") has entered into a Purchase Agreement, dated November 8, 2007, with J.P. Morgan Securities Inc. (the "Purchase Agreement") for the offer and sale of 6,500,000 shares of the Company's common stock at a price per share of $27.00 in an underwritten offering registered on a Registration Statement on Form S-3 (Registration No. 333-145691). The Purchase Agreement is filed herewith as Exhibit 1. At the closing of the offering, which is scheduled to occur on November 15, 2007, the Company will realize, before deduction of offering expenses, net proceeds of $175,500,000.
The legality opinion of William T. Torgerson, Vice Chairman and General Counsel of the Company, relating to the issuance of the common stock is filed herewith as Exhibit 5.
The underwriter and its affiliates have provided investment or commercial banking services to the Company and its affiliates, including as an underwriter of their securities, in the past and are likely to do so in the future. They receive customary fees and commissions for these services.
Financial Statements and Exhibits.
Description of Exhibit
Purchase Agreement, dated November 8, 2007, between the Company and J.P. Morgan Securities Inc.
Opinion of William T. Torgerson
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PEPCO HOLDINGS, INC.
Date November 9, 2007
/s/ P. H. BARRY
Name: Paul H. Barry
Title: Senior Vice President
and Chief Financial Officer
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