The Road of Bones

Or, more importantly, where does their money go?

This ties in with my previous post about the Pepco Energy Company, responsible for the strange power-outage in the capitol today. When was the last time power was cut to all of the capitol buildings? I cannot remember that ever happening ... **Update - I take that back. In 2003, a huge number of power plants went offline (article). Unsure if it affected D.C. or not.

Maybe some intrepid investigators can start putting names to dollars. Who are these people connected to? I do not have the answer. I pray to God nothing happens to the capitol buildings, and I pray that none of the people are harmed. But my gut instinct is telling me something is very, very wrong. I so hope I am incorrect in that assumption.

Board of Directors

	Edmund B. Cronin, Jr., age 68, since 2000 has been Chairman of the Board, and since 1995 has been President and Chief Executive Officer of Washington Real Estate Investment Trust, based in Rockville, Maryland, which owns income-producing real estate in the mid-Atlantic region. Mr. Cronin was a director of Potomac Electric Power Company from 1998 until August 1, 2002. He has been a director of the Company since August 1, 2002. Mr. Cronin's term expires in 2005.
	Jack B. Dunn, IV, age 55, since October 1995 has been Chief Executive Officer and since October 2004 has been President of FTI Consulting, Inc., a multi-disciplined consulting firm with practices in the areas of financial restructuring, litigation consulting and engineering and scientific investigation, located in Annapolis, Maryland. He served as Chairman of the Board of FTI from December 1998 to October 2004 and as President from October 1995 to December 1998. Mr. Dunn is a limited partner of the Baltimore Orioles and is a director of Aether Systems, Inc. He has been a director of the Company since May 21, 2004. Mr. Dunn’s term expires in 2007.
	Terence C. Golden, age 61, since 1993 has been Chairman of Bailey Capital Corporation in Washington, D.C. Bailey Capital Corporation is a private investment company. From 1995 until 2000, Mr. Golden was President, Chief Executive Officer and a director of Host Marriott Corporation. He continues to serve as a director of Host Marriott Corporation. He is also a director of the Morris & Gwendolyn Cafritz Foundation. Mr. Golden also currently serves as Chairman of the Federal City Council. Mr. Golden was a director of Potomac Electric Power Company from 1998 until August 1, 2002. He has been a director of the Company since August 1, 2002. Mr. Golden's term expires in 2006.
	George F. MacCormack, age 62, is retired Group Vice President, DuPont, Wilmington, Delaware, a position he held from 1999 through 2003. He was previously Vice President and General Manager (1998), White Pigments & Mineral Products Strategic Business Unit and Vice President and General Manager (1995), Specialty Chemicals Strategic Business Unit for DuPont. Mr. MacCormack was a director of Conectiv from 2000 until August 1, 2002. He has been a director of the Company since August 1, 2002. Mr. MacCormack's term expires in 2006.
	Richard B. McGlynn, age 67, is an attorney. From 1995-2000, he was Vice President and General Counsel of United Water Resources, Inc., Harrington Park, New Jersey and from 1992-1995, he was a partner in the law firm LeBoeuf, Lamb, Green & MacRae. He was a director of Atlantic Energy, Inc. from 1986 to 1998. Mr. McGlynn was a director of Conectiv from 1998 until August 1, 2002. He has been a director of the Company since August 1, 2002. Mr. McGlynn's term expires in 2007.
	Floretta D. McKenzie, age 70, is, since January 1, 2005 Senior Advisor to The American Institutes for Research, a District of Columbia-based education research organization and was the Founder and, until December 31, 2004, Chairwoman of The McKenzie Group, Inc., a District of Columbia-based educational consulting firm. Until 2001, Dr. McKenzie was also Chief Executive Officer of The McKenzie Group, Inc. Dr. McKenzie is a director of Marriott International, Inc. Dr. McKenzie was a director of Potomac Electric Power Company from 1988 until August 1, 2002. She has been a director of the Company since August 1, 2002. Dr. McKenzie's term expires in 2006.
	Lawrence C. Nussdorf, age 59, since 1998 has been President and Chief Operating Officer of Clark Enterprises, Inc., a privately held investment and real estate company based in Bethesda, Maryland, whose interests include The Clark Construction Group, a general contracting company, of which Mr. Nussdorf has been Vice President and Treasurer since 1977. Mr. Nussdorf was a director of Potomac Electric Power Company from 2001 until August 1, 2002. He has been a director of the Company since August 1, 2002. Mr. Nussdorf's term expires in 2006.
	Peter F. O'Malley, age 67, since 1989 has been of counsel to O'Malley, Miles, Nylen & Gilmore, P.A., a law firm headquartered in Calverton, Maryland. Mr. O'Malley currently serves as the President of Aberdeen Creek Corp., a privately held company engaged in investment, business consulting and development activities. Mr. O'Malley is a director of FTI Consulting, Inc. He was a director of Potomac Electric Power Company from 1982 until August 1, 2002. He has been a director of the Company since August 1, 2002 and currently serves as the Lead Independent Director. Mr. O'Malley's term expires in 2007.
	Frank K. Ross, age 62, is retired managing partner for the mid-Atlantic Audit and Risk Advisory Services Practice and managing partner of the Washington, D.C. offices of the accounting firm KPMG LLP, positions he held from July 1, 1996 to December 31, 2003. He is currently a Distinguished Visiting Professor at Howard University, Washington, D.C. and the Director of its Center for Accounting Education. He is a director of NCRIC Group, Inc. and Cohen & Steers Funds. Mr. Ross serves on The Greater Washington, D.C. Urban League, Gallaudet University, and The Hoop Dreams Scholarship Fund. He has been a director of the Company since May 21, 2004 . Mr. Ross’ term expires in 2007.
	Pauline A. Schneider, age 62, joined the Washington office of the law firm of Hunton & Williams in 1985 and has been a partner there since 1987. From October 2000 to October 2002, Ms. Schneider served as Chair of the Board of MedStar Health, Inc., a community-based healthcare organization that includes seven major hospitals in the Washington, D.C./Baltimore area. Also, between 1998 and 2002, she chaired the Board of The Access Group, Inc., a not-for-profit student loan provider headquartered in Wilmington, Delaware. She continues her service on both boards. She is a director of DiamondCluster International, Inc. Ms. Schneider was a director of Potomac Electric Power Company from 2001 until August 1, 2002. She has been a director of the Company since August 1, 2002. Ms. Schneider's term expires in 2005.
	William T. Torgerson, age 61, has been Vice Chairman of the Company since June 1, 2003 and has been General Counsel of the Company since August 1, 2002. From August 1, 2002 to June 2003, he was also Executive Vice President of the Company. From December 2000 to August 2002, he was Executive Vice President and General Counsel of Potomac Electric Power Company and from April 1994 to December 2000, he was Senior Vice President and General Counsel of Potomac Electric Power Company. Mr. Torgerson has been a director of Potomac Electric Power Company and Conectiv since August 1, 2002. He has been a director of the Company since May 21, 2004. Mr. Torgerson’s term expires in 2007.
	Dennis R. Wraase, age 62, is Chairman, President and Chief Executive Officer of the Company. He is also Chairman and Chief Executive Officer of Potomac Electric Power Company and Conectiv and was President and Chief Operating Officer of Potomac Electric Power Company from January 2001 through August 1, 2002. From August 2002 through May 2003, Mr. Wraase was Chief Operating Officer of the Company. He was President and Chief Financial Officer of Potomac Electric Power Company from May 2000 until January 2001. From 1999 to 2000, he was Executive Vice President and Chief Financial Officer, and from 1996 until 1999, he was Senior Vice President and Chief Financial Officer of Potomac Electric Power Company. Mr. Wraase has been a director of Potomac Electric Power Company since 1998 and of Conectiv since August 1, 2002. He has been a director of the Company since 2001. Mr. Wraase's term expires in 2005.

Management

	President and CEO of Pepco Energy Services and Senior Vice President of Pepco Holdings, Inc. Ed Mayberry Senior Vice President and CFO Jim McDonnell Senior Vice President, General Counsel and Secretary Peter Meier Senior Vice President, Planning John Huffman Vice President, Risk Management Scott Snyder Vice President, Marketing Kim Price President and COO, Pepco Building Services Bob Aylward President and COO, Asset Management Group of Pepco Energy Services Mark Kumm President and COO, Performance Management Group of Pepco Energy Services David Weiss

Posted by The Gonzo Muckraker on Monday, April 03, 2006 at Monday, April 03, 2006 | Permalink