Power Lines

Atlantic City Electric Spent $51M with Diverse Suppliers in 2017

In 2017, Atlantic City Electric purchased $51 million in goods and services from diversity-certified suppliers, which equates to 20 percent of the company’s total yearly purchases. This is an increase of $19 million over the amount spent in 2016.

For Atlantic City Electric and its parent company Exelon, diversity and inclusion is one of the core foundational values both in the workplace and in its engagement with customers and the communities it serves. Exelon has increased spending with women- and minority-owned businesses by more than 200 percent since 2011, reaching $2 billion in 2017.

“We are very proud of our commitment to diversity and inclusion,” said Dave Velazquez, president and CEO, Pepco Holdings, which includes Atlantic City Electric. “Year in and year out, we partner with local and diversity-certified businesses owned by women, veterans, service-disabled veterans, and minorities because when we do, their wide range of perspectives, experiences and expertise helps make our company and our employees better at meeting the needs of our customers.”

This year, Atlantic City Electric established “Target 25” to expand the company’s procurement efforts to include a wider array of under-represented companies. “Target 25” provides diversity-certified vendors an opportunity to learn more about Atlantic City Electric’s processes, as well as its parent company Exelon, advancing the growth and development of each vendor’s relationship with the energy company.

Last year, the New Jersey Board of Public Utilities Supplier Diversity Development Council,

recognized Atlantic City Electric with its Economic Impact Award for the company’s commitment to supporting diverse businesses.

To access more business news, visit njbmagazine.com

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