• Rewarding Our Employees and Retirees

  • Rewarding Employees

    In 2013, PHI employed about 5,025 people in Delaware, the District of Columbia, Maryland, New Jersey and Virginia. We rely on the talent and expertise of these hard-working team members to deliver electricity and gas to about 2 million customers as well as energy-efficiency services throughout the Eastern seaboard and beyond.

    We have grown our workforce at PHI's utilities due, in large part, to our significant investment in modernizing our energy infrastructure, putting 1,254 people to work over the last three years. Of those, 796 were utility jobs. The net growth in new utility jobs from 2010 through 2013 was 58. In addition, due to our 2013 reliability work, we employed an average of 150 contractor field personnel in the Atlantic City Electric region, 200 personnel in the Delmarva Power region and 700 personnel in the Pepco region.

    Employee Compensation and Benefits

    Our employees are our most important asset. Our compensation practices are competitive for the utility industry and designed to attract and retain talent. The company's philosophy is to reward employees based on the median of the competitive market for all elements of compensation. PHI compares its compensation practices against annual compensation survey data that is compiled and published by major consulting firms and professional associations. In addition, PHI has independent evaluations of compensation practices conducted, as appropriate, by such firms to obtain specified compensation recommendations.

    As of December 31, 2013, PHI had about 4,400 retirees. The company sponsors a generous retirement plan, which covers all employees of Atlantic City Electric, Delmarva Power and Pepco, along with certain employees of other PHI subsidiaries. PHI also provides supplemental retirement benefits to certain eligible executives and key employees, and post-retirement health care and life insurance benefits for eligible retired employees. In total, PHI paid about $94.8 million in retiree benefits in 2013. These financial payouts help support the continued financial health of PHI's retired workforce and status as active consumers of goods and services in the region and beyond.