By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Pepco Holdings, Inc. (PHI) is a holding company incorporated in February of 2001 for the purpose of effecting the acquisition of Conectiv Power Delivery by Potomac Electric Power Company (better known as "Pepco"). The acquisition was completed on August 1, 2002 at which time Pepco and Conectiv became wholly owned subsidiaries of PHI. Conectiv itself had been formed in 1998 to be the holding company of Delmarva Power & Light Company (DPL, better known as "Delmarva Power") and Atlantic City Electric Company (ACE) in connection with the combination of DPL and ACE. In 2005, PHI resumed the use of the DPL and ACE entity names for purposes of operations, with the result that Conectiv Energy was the only remaining Conectiv brand and was restricted for PHI's energy production facilities. - Source: Wikipedia
Pepco has been faulted repeatedly for dismal reliability and the electric company's hundreds of thousands of customers have little choice but to go with the monopoly, yet its chief executive's compensation package rose from $6.7 million in 2011 to $11.4 million last year, financial documents filed last week show.
The organization that monitors power companies in Maryland on Wednesday set a deadline for utilities to submit their plans to improve service and avoid future weather-related disasters.
The Tennessee Valley Authority is owned by the federal government and provides electricity to millions of customers in seven states, including Virginia, but the salaries it pays its executives aren't anything like what most federal workers can imagine.
More than 100,000 people in the D.C. metro area are without power Tuesday morning in the aftermath of Hurricane Sandy, but local officials say things could have been much worse.
Schools, government offices and transportation systems in the D.C. metro area are set to resume full operations on Wednesday after Hurricane Sandy ravaged parts of the East Coast but did less damage than expected to the District and its suburbs.
The D.C. area remained largely shuttered for a second day in anticipation of what weather officials call an unprecedented storm system barreling along the entire East Coast.
Energy providers in the D.C. region are urging residents to stay safe, warm and patient as Hurricane Sandy knocks out power to thousands of homes and leaves outages that could last for several days.
Officials in the D.C. area girded for heavy rains and dangerous winds on Sunday into next week, as Hurricane Sandy creeps up the eastern seaboard.
Amid a looming labor crisis and push for rate increases, the utility serving the nation's capital has given a big pay raise to the newly hired top lawyer and a $700,000 severance deal that will keep the company's longtime general counsel around for years in a newly created consultant's job, regulatory filings show.
More than 3,500 people in the D.C. area were without power late Sunday afternoon after a bout of severe weather whipped through the region on Saturday afternoon, knocking down trees, blowing out car windows and spawning reports of funnel clouds.
Damaging storms that spawned tornadoes in New York, darkened tens of thousands of homes in the Washington area and flooded New England streets turned a normal day of rest into a day of cleaning up for many East Coast residents on Sunday.
Members of a newly formed task force looking at ways to reduce power outages in the District said it might be wiser to bury power lines only in high-risk areas than shell out billions for a citywide project.
D.C. Mayor Vincent C. Gray said Thursday a newly formed task force will explore the best way to bury power lines in the District, a costly game changer intended to thwart the kind of long-term power outages that plagued the capital region after a fierce windstorm on June 29.
D.C. Mayor Vincent C. Gray said Thursday a newly formed task force is set to explore the best way to bury power lines in the District, a costly game-changer intended to thwart the kind of long term power outages that plagued the capital region after a fierce windstorm on June 29.
