JamesGG
This right here is a demonstration of the insanity of private ownership of public utilities.
As Pepco customers in the District and Maryland have contended with inaccurate outage maps, rising electricity bills, and long hours and days of waiting for their lights to come back on, Pepco Holdings investors have prospered. In the past year, they have reaped the benefits of surging revenue, a 12 percent increase in the stock price and a steady stream of dividends. Last year, Pepco Holdings paid more than $240 million in dividends.
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