Industry & Services >> CEO Interviews >> November 1, 2004


DENNIS R. WRAASE is Chairman of the Board, President and Chief Executive Officer of Pepco Holdings, Inc., a regional energy holding company formed as the result of the merger of Potomac Electric Power Company, an electric utility serving Washington, DC, and suburban Maryland, and Conectiv, an electric and gas utility serving Delaware and parts of New Jersey, Maryland and Virginia. Mr. Wraase joined Potomac Electric Power Company in 1974 and was elected Vice President and Comptroller in 1985. He was named Senior Vice President and Chief Financial Officer in April 1996, Executive Vice President and CFO in 1999, President in 2000, CEO in 2003, and Chairman of the Board in 2004. He has been a member of the Board of Directors since 1998. Prior to joining Potomac Electric Power Company, Mr. Wraase worked for Exxon Corporation where he held various financial positions in the Controller's organization. Mr. Wraase was born in Washington, DC, He graduated from the University of Maryland, receiving a Bachelor of Science degree in accounting. He also holds a master of science degree in finance from the George Washington University and is a Certified Public Accountant. Mr. Wraase is an Executive Board Member of the National Capital Area Council Boy Scouts of America. He is a member and serves on the Board of Directors of the Federal City Council, Edison Electric Institute, Association of Edison Illuminating Companies, Washington Performing Arts Society, Maryland Chamber of Commerce, The University of Maryland Foundation, Economic Club of Washington and the Robert H. Smith School of Business, University of Maryland - Board of Visitors, and serves as President of the Southeastern Electric Exchange. Mr. Wraase is also a member of the Financial Executives Institute and the American Institute of Certified Public Accountants. Profile
TWST: Could you begin with a brief historical sketch of Pepco Holdings

and a picture of the things you're doing at the present time?

Mr. Wraase: This is a company that's relatively new in its