EXHIBIT 23



                  POTOMAC ELECTRIC POWER COMPANY
                 SAVINGS PLAN FOR EXEMPT EMPLOYEES




                Consent of Independent Accountants




We hereby consent to the incorporation by reference in the
Registration Statements on Forms S-8 (Numbers 33-36798 and
33-53685) of Potomac Electric Power Company of our report dated
October 17, 1997, appearing on page 1 of this Form 11-K.







/s/ PRICE WATERHOUSE LLP
PRICE WATERHOUSE LLP
Washington, D.C.
December 10, 1997