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Exhibit 10.24
 
NON-MANAGEMENT DIRECTOR COMPENSATION ARRANGEMENTS
 
Effective January 1, 2008, each of the directors who is not an employee of Pepco
Holdings, Inc. ("PHI" or the "Company") or any of its subsidiaries (a
"non-management director") is paid an annual retainer of $85,000, plus a fee of
$2,000 for each Board and Committee meeting attended.  Each non-management
director who chairs the Compensation/Human Resources, Corporate
Governance/Nominating, Executive or Finance Committee is paid an additional
annual retainer of $5,000.  The non-management director who chairs the Audit
Committee is paid an additional annual retainer of $7,500.  The Lead Director is
paid an additional annual retainer of $15,000.  Annual retainers and Committee
Chairman/Lead Director annual retainers are paid in equal quarterly installments
on the first day of each quarter.
 
The Company also provides directors with travel accident insurance for
Company-related travel, directors’ and officers’ liability insurance coverage
and reimburses directors for travel, hotel and other out-of-pocket expenses
incurred in connection with their performance of their duties as directors.  The
Company also provides the directors with free parking in the Company's
headquarters building other than in connection with their performance of their
duties as directors.
 

 

 
 

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