DELMARVA POWER & LIGHT COMPANY 1996 FORM 10-K CURRENT LISTING OF SEVERANCE AGREEMENTS AS OF MARCH 1, 1997 ------------------- - - -------------------------------------------------------------------------------------------------------------- DATE OF NAME CURRENT TITLE AGREEMENT - - -------------------------------------------------------------------------------------------------------------- 1. Arturo F. Agra General Manager, Product Management & Development 03/01/95 2. Heinz J. Beck Manager, Transmission & Distribution 05/07/93 3. W. Douglas Boyce Vice President, Central Division 05/07/93 4. Roberta S. Brown General Manager, Operations 01/23/96 5. Donald E. Cain Vice President 05/22/89 6. Raymond V. Civatte General Manager, Information Systems 01/23/96 7. Peter F. Clark Counsel, Assistant General 05/11/89 8. Donald P. Connelly Secretary, Corporate 02/11/87 9. Howard E. Cosgrove Chairman, President & Chief Executive Officer 05/07/93 10. Moira K. Donoghue Manager, Compensation, Benefits & Organizational Development 11/04/94 11. David G. Dougher Manager, Reports and Compliance 09/14/95 12. Joseph W. Ford Senior Vice President 09/14/95 13. Carmine F. Gargiulo Manager, Systems Development 02/11/87 14. Charles R. Gates Plant Manager (Indian River) 02/11/87 15. Paul S. Gerritsen Vice President 05/07/93 16. Barbara S. Graham Sr. Vice President, Treasurer & Chief Financial Officer 03/01/95 17. R. Erik Hansen General Manager, Regulatory Practice 05/07/93 18. Michael J. Harrison Manager, Delmarva Operating Services 03/01/95 19. Hudson P. Hoen, III Vice President, Southern Division 04/09/94 20. Albert F. Kirby General Manager, Mechanical Engineering & Standards 03/04/90 21. Ralph E. Klesius Sr. Vice President 05/07/93 22. John V. Kutys Plant Manager, Edgemoor 08/07/96 23. John W. Land General Manager, Administrative Services 04/19/94 24. James P. Lavin Comptroller/Corporate Accounting 05/22/89 25. Wayne A. Lyons Vice President 02/11/87 26. D. Bruce McClenathan Plant Manager (Delaware City) 02/11/87 27. Dennis R. McDowell Comptroller/Operating Accounting 05/22/89 28. Robert F. Molzahn General Manager, Environmental Affairs 05/22/89 29. James L. Parks Manager, Fuel Supply 05/07/93 30. Frank J. Perry, Jr. Vice President 03/14/90 31. Linda D. Ratchford Manager, Product Development 01/23/96 32. Michael Ratchford General Manager, Communication and Community Relations 09/14/95 33. Philip S. Reese General Manager, Marketing 03/01/95 34. Richard W. Sarau Plant Manager (Hay Road) 03/01/95 35. Thomas S. Shaw Sr. Vice President/President, DCI 05/07/93 36. James R. Silvius Manager, Electrical Engineering 05/11/89 37. William H. Spence Manager, Gas Operations & Planning 05/07/93 38. Richard J. Squadron Manager/General Manager, CFO - DCI 04/12/94 39. Dale G. Stoodley Vice President & General Counsel 04/18/89 40. Duane C. Taylor Vice President, Electric 01/23/96 41. Jack Urban Vice President, Gas Division 01/27/91 42. George G. Vapaa Manager, Corporate Planning 03/25/91 43. David M. Velazquez Manager, Strategic Planning 03/01/97 44. Joseph M. Wathen Manager, Pricing 04/08/94 45. N. Guy Winebrenner Manager, Sales 01/23/96 46. James R. Wittine General Manager, System Planning 05/07/93 47. Jeremiah F. Wright, Jr. General Manager, Purchasing 03/14/90 48. D. Wayne Yerkes Vice President, Northern Division 03/14/90 49. John T. Zimmerman Manager, Employee Relations 03/25/91 - - --------------------------------------------------------------------------------------------------------------