Pepco Holdings Chooses Software to Comply with Corporate Governance

May 24, 2006
Pepco Holdings, Inc. has chosen Certus Governance to meet its compliance corporate governance objectives

Pepco Holdings, Inc. has chosen Certus Governance to meet its compliance corporate governance objectives. PHI will be implementing Certus Governance, including Certus Compliance for SOX 404/302 and Certus Audit to address Sarbanes Oxley compliance as well as other areas of broad compliance.

PHI is one of the largest energy delivery companies in the Mid-Atlantic region, serving about 1.8 million customers in Delaware, the District of Columbia, Maryland, New Jersey and Virginia. The company selected Certus Governance to satisfy multiple business objectives, including documentation and monitoring of plans, ability to audit changes to the compliance framework, flexible dashboard and reporting capabilities, integrated certification and confirmation process, and capability to migrate key information from ICW.

"PHI chose the Certus Governance solution because it exceeds our compliance requirements and is easy to use," said Steve Winand, manager of Sarbanes Oxley compliance support. "Initially we are focusing on employing Certus Governance for SOX compliance but we anticipate using the platform to address other areas of compliance in the future."

With Certus Governance, PHI can sustain and optimize Sarbanes Oxley compliance activities with a flexible foundation that can integrate disparate compliance practices across an organization. With a single platform for compliance, companies can simplify compliance activities, eliminate redundant controls, aggregate risk and compliance initiatives across different departments and geographies, and meet the information needs of multiple stakeholders by providing visibility and access based on their role and responsibility.

"The world of enterprise governance is growing increasingly complex for energy companies like PHI," said Robin Baker, vice president of corporate strategy for Certus. "We look forward to working with PHI to achieve its SOX compliance objectives and help the company leverage Certus Governance to deliver value throughout the organization."

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