Pepco (NYSE:POM) announced it entered a forward-sale agreement with Morgan Stanley for 15.4 million shares at close of the offering.Underwriters were granted the option to buy up to an additional 2.31 million shares.Pepco expects to use the net proceeds for capital contributions to utility subsidiaries, to repay short-term debt and as working capital.Pepco had 227.8 million outstanding shares as of March 1st and a market cap of $4.44 billion.SmarTrend is bullish on shares of Pepco Holdings and our subscribers were alerted to buy on August 17, 2011 at $19.00. The stock has risen 2.7% since the alert was issued.Pepco Holdings, Inc. is a diversified energy company. The Company primarily distributes, transmits, and supplies electricity and supplies natural gas to customers in New Jersey, Delaware, Maryland, and the District of Columbia.