XML 109 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation, Dividend Restrictions, And Calculations Of Earnings Per Share Of Common Stock (Tables)
12 Months Ended
Dec. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Restricted Stock And Restricted Stock Units
     Number
of Shares
    Total
Number of
Shares
    Weighted
Average Grant
Date
Fair Value
 

Balance at January 1, 2011

      

Time-based restricted stock

    
316,194
 
    $
18.15
  

Performance-based restricted stock units

     586,883         20.75   
  

 

 

     

Total

       903,077    

Granted during 2011

      

Time-based restricted stock units

    
177,895
 
     
18.87
  

Performance-based restricted stock units

     354,979         19.56   
  

 

 

     

Total

       532,874    

Vested during 2011

      

Time-based restricted stock

     (63,764       23.70   

Time-based restricted stock units

     (173       18.84   

Performance-based restricted stock units

     (144,451       25.36   
  

 

 

     

Total

       (208,388 )  

Forfeited during 2011

      

Time-based restricted stock

    
(10,741

     
17.06
  

Time-based restricted stock units

     (7,191       18.84   

Performance-based restricted stock units

     (32,272       21.78   
  

 

 

     

Total

       (50,204 )  

Balance at December 31, 2011

      

Time-based restricted stock

    
241,689
 
     
16.74
  

Time-based restricted stock units

     170,531         18.87   

Performance-based restricted stock units

     765,139         19.28   
  

 

 

   

 

 

   

Total

       1,177,359    
    

 

 

   
Weighted Average Grant Date Fair Value
     2011      2010      2009  

Weighted average grant-date fair value of each performance-based restricted stock unit granted during the year

   $ 19.56       $ 20.11       $ 17.51  

Weighted average grant-date fair value of each award of time-based restricted stock granted during the year

   $ —         $ 16.55       $ 17.18  

Weighted average grant-date fair value of each time-based restricted stock unit granted during the year

   $ 18.87       $ —         $ —     
Stock Options Activity
     Number
of
Options
    Weighted
Average
Exercise Price
    Weighted Average
Remaining
Contractual Term
(Years)
     Aggregate
Intrinsic Value
 

Outstanding at January 1, 2011

     280,266     $ 22.30       0.70      

Options granted

     —          —          —        

Options exercised

     (81,918     19.03       —        

Options forfeited or expired

     (167,423     24.19       —        
  

 

 

        

Outstanding at December 31, 2011

     30,925       20.75       0.03       $ —     
  

 

 

        

Exercisable at December 31, 2011

     30,925       20.75  (a)      0.03       $ —     
  

 

 

        
Dividends Received From Subsidiaries

Subsidiary

   2011      2010      2009  
     (millions of dollars)  

Pepco

   $ 25       $ 115       $ —     

DPL

     60         23         28   

ACE

     —           35         64   
  

 

 

    

 

 

    

 

 

 

Total

   $ 85       $ 173       $ 92   
  

 

 

    

 

 

    

 

 

 
Calculations of Earnings Per Share Of Common Stock
     For the Years Ended
December 31 ,
 
     2011     2010     2009  
     (millions of dollars, except per share data)  

Income (Numerator):

      

Net income from continuing operations

   $ 260     $ 139     $ 223  

Net (loss) income from discontinued operations

     (3     (107     12   
  

 

 

   

 

 

   

 

 

 

Net income

   $ 257     $ 32     $ 235  
  

 

 

   

 

 

   

 

 

 

Shares (Denominator) (in millions):

      

Weighted average shares outstanding for basic computation:

      

Average shares outstanding

     226       224       221  

Adjustment to shares outstanding

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Weighted Average Shares Outstanding for Computation of Basic Earnings Per Share of Common Stock

     226       224       221  

Net effect of potentially dilutive shares (a)

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Weighted Average Shares Outstanding for Computation of Diluted Earnings Per Share of Common Stock

     226       224       221  
  

 

 

   

 

 

   

 

 

 

Basic and diluted earnings per share of common stock from continuing operations

   $ 1.15     $ 0.62     $ 1.01  

Basic and diluted (loss) earnings per share of common stock from discontinued operations

     (0.01     (0.48     0.05   
  

 

 

   

 

 

   

 

 

 

Basic and diluted earnings per share

   $ 1.14     $ 0.14     $ 1.06  
  

 

 

   

 

 

   

 

 

 
Common Stock Reserved And Unissued

Name of Plan

   Number of
Shares
 

DRP

     3,448,048   

Conectiv Incentive Compensation Plan (a)

     1,093,701   

Potomac Electric Power Company Long-Term Incentive Plan (a)

     327,059   

Pepco Holdings Long-Term Incentive Plan

     7,791,543   

Pepco Holdings Non-Management Directors Compensation Plan

     462,429   

Pepco Holdings Retirement Savings Plan

     1,298,849   
  

 

 

 

Total

     14,421,629