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Friday, March 31, 2006
"No connection" between Pepco CEO pay raise and higher energy costs

by · 3/31/2006 08:23:00 PM ET · Link 
Discuss this post here: Make a comment · reddit · FARK · Digg It!


Oh look, it's the Easter Bunny! How much more of this nonsense are people going to tolerate?
Chief executive Dennis R. Wraase's salary and bonus last year was $1.43 million, compared with $1.17 million in 2004. Also, Wraase's base salary of $825,000 is up more than 47 percent since 2003 and will go up to $950,000 this year, according to company documents filed yesterday with the Securities and Exchange Commission.

Pepco standard service rates for District customers will go up 12 percent this summer, and for the company's 500,000 Maryland customers, the average increase will be $468 a year, or 38.5 percent.


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