Dennis R. Wraase

Retired Chairman and CEO

Pepco Holdings, Inc.

Dennis R. Wraase is the retired Chairman of the Board and Chief Executive Officer of Pepco Holdings, Inc. (PHI), a regional energy holding company that provides utility service to about 1.9 million customers. PHI is the parent company of Potomac Electric Power Company, an electric utility serving Washington, DC and suburban Maryland; Delmarva Power, an electric and gas utility serving Delaware and the rest of the Delmarva Peninsula; and Atlantic City Electric, an electric utility serving southern New Jersey. Delmarva Power and Atlantic City Electric previously operated under the brand name Conectiv Power Delivery.

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, College Park, receiving a Bachelor of Science degree in accounting. He also holds a master of science in finance from the George Washington University and is a Certified Public Accountant. Mr. Wraase is Chairman of the University System of Maryland Foundation, Inc. He is also a member of Federal City Council, Economic Club of Washington, and Chairman of the Washington Hospital Center. Mr. Wraase is a member of the Financial Executives Institute and the American Institute of Certified Public Accountants. He is also a member of the Congressional Country Club and the Metropolitan Club. Mr. Wraase is currently an executive in residence at the UMCP Smith School for the Center for Social Value Creation.

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