Pepco Holdings Executive Gets $4.3M Pay Package

Revenue rose to $10.7 billion in 2008 from $9.4 billion in 2007.

In response to the credit crisis, Pepco Holdings has frozen hiring and management salaries, reduced operating budgets and scaled back its 2009 and 2010 construction programs.

Pepco Holdings delivers electricity and natural gas to about 1.9 million customers in Delaware, the District of Columbia, Maryland, and New Jersey, through its subsidiaries Pepco, Delmarva Power and Atlantic City Electric. It also provides competitive wholesale generation services.