Longtime Delmarva Power Region President Gary Stockbridge is retiring after a 37-year career.
Pepco Holdings, which includes Atlantic City Electric and Delmarva Power, named Doug Mokoid as its new Vice President of Governmental and External Affairs and Region President for Atlantic City Electric and Delmarva Power.
The Delmarva Region is headquartered near Newark with AC Electric based in Mays Landing, NJ.
Stockbridge spent nearly 15 years with Philadelphia-based PECO before moving to Delmarva Power in 1997 to run the competitive retail energy business, selling electricity and natural gas to customers in the northeastern United States.
Stockbridge was vice president of Customer Care at Pepco Holdings before being named region president of Delmarva Power in 2005 and expanding his role to include region president of Atlantic City Electric in 2018.
Stockbridge led Delmarva Power after the utility in the 1990s launched a disastrous diversification effort that included a rebranding to the Conectiv name and an attempt to build a telephone company while acquiring mechanical and HVAC contractors.
A massive electric outage contributed to the sale of the company to Washington, D.C.-based Pepco, which returned the company to its regulated utility roots. Pepco, in turn was acquired by Exelon, which already owned Philadelphia-based PECO and Baltimore’s BG&E
Pepco and Stockbridge’s efforts to improve the performance of Delmarva Power to the point that Delaware utility regulators questioned the cost-effectiveness of pushing reliability beyond a 90%-plus figure.
Stockbridge was also active in business, civic and education circles in Delaware, chairing the Delaware State Chamber of Commerce and other organizations.
Mokoid, who previously served as Director of Operations for Atlantic City Electric, has been with the Exelon group of companies for more than 14 years, where he worked to develop and implement strategies to improve safety, reliability, customer satisfaction performance and employee engagement.
Prior to his role as Director of Operations, Mokoid spent 10 years with Philadelphia-based PECO, where he ran the Philadelphia Region Construction and Maintenance organization and previously led the company’s essential safety function.
“We wish Gary the very best and thank him for his 37 years of tremendous leadership and service to our company and community,” said Melissa Lavinson, senior vice president of governmental and external Affairs for Pepco Holdings, which includes Atlantic City Electric and Delmarva Power. “Doug’s leadership and constant drive for improvement have resulted in consecutive years with the most reliable service ever for Atlantic City Electric customers. We look forward to leveraging his impressive knowledge and experience from the industry and across the Exelon family to support the advancement of initiatives that will help to further transform the energy experience for our Atlantic City Electric and Delmarva Power customers and the communities we serve.
Mokoid is a graduate of Rutgers University, where he received a bachelor’s in mechanical engineering and his Juris doctorate degree.
Exelon is now in the process of separating its regulated utilities from its power plant holdings, which include a portfolio of nuclear-powered plants.