Pepco, Washington Gas and Verizon DC sign agreements with DCPSC to renew their commitment to increase opportunities for diverse businesses
Agreement designates an aspirational goal of 25% diverse spending with District-based businesses
Washington, District of Columbia
Washington, D.C., April 19, 2021 (GLOBE NEWSWIRE) -- The Public Service Commission of the District of Columbia (Commission) signed revised Memoranda of Understanding (MOUs) with Pepco, Washington Gas and Verizon DC to renew their commitment to increased opportunities for diverse businesses. Through the revised MOUs, the utilities are expected to provide diverse suppliers with the maximum opportunity to participate in and compete for contracts and subcontracts in the utility’s supply chain for goods and services that support the utility. Each utility has designated an aspirational goal of 25% diverse spending with District-based businesses. Also, the definition of diverse suppliers was expanded by designating veterans, service-disabled veterans, and LGBTQ owned enterprises as diverse suppliers. Each year, the Commission will hold a legislative-style hearing to review the results of each utility’s commitment.