____________________________________________________________________________________

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):                January 5, 2005         

                                                             PEPCO HOLDINGS, INC.                                                              
(Exact name of registrant as specified in its charter)

     001-31403     
(Commission
File Number)

    52-2297449    
(IRS Employer
Identification No.)

                       701 Ninth Street, N.W., Washington, DC                       
(Address of principal executive offices)

                   20068                   
(Zip Code)

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))

______________________________________________________________________________________

Item 5.02

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On January 5, 2005, James P. Lavin, Vice President and Controller, the Company's principal accounting officer, notified the Company that he intends to retire in 2005. The retirement date has not been determined and the Company has commenced the process to identify his replacement.

SIGNATURES

          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.                
(Registrant)

Date           January 10, 2005         

               JOSEPH M. RIGBY                     
(Signature)

Name:        Joseph M. Rigby

Title:          Senior Vice President and
                      Chief Financial Officer

-2-
____________________________________________________________________________________