News | May 3, 2000

PCI Acquires Severn

Another electric utility buys into the contracting business.

Potomac Capital Investment Corporation (PCI) of Washington, DC — an unregulated unit of Potomac Electric Power Company — acquired a telecommunications contractor Severn Cable, Inc. of Lanham, Maryland. Severn Cable is a growing telecommunications contractor in the Washington, D. C. metropolitan area and one of the principal contractors supporting Starpower Communications' advanced network installation in the area. Details of the acquisition were not disclosed.

"We are very pleased to expand our telecommunications expertise and construction capabilities with the addition of Severn Cable," said John McCallum, President and CEO of Potomac Capital Investment Corporation.

The new company will be called Severn Cable, L.L.C. and will continue to specialize in the installation of strand, fiber optic and coaxial cable.

Additional information about Severn Cable, L.L.C. may be found by calling 202-466-1966.

Edited by: Jerry R. Borland, P.E.