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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
Three year period ending 2000
FORM U-12(I)-B (THREE-YEAR STATEMENT)
Statement Pursuant to Section 12(i) of the Public Utility Holding Company Act of
1935 by a Person Regularly Employed or Retained by a Registered Holding Company
or a Subsidiary Thereof and Whose Employment Contemplates Only Routine Expenses
as Specified in Rule 71(b).
(To be filed in duplicate. If acknowledgment is desired, file in
triplicate).
1. Name and business address of persons filing statement.
See attached Exhibit A.
2. Names and business addresses of any persons through whom the
undersigned propose to act in matters included within the exemption provided by
paragraph (b) of Rule 71.
None.
3. Registered holding companies and subsidiary companies by which the
undersigned are regularly employed or retained.
Conectiv and its subsidiaries.
4. Position or relationship in which the undersigned are employed or
retained by each of the companies named in item 3, and brief description of
nature of services to be rendered in each such position or relationship.
See attached Exhibit B.
5. (a) Compensation received during the current year and estimated to be
received over the next two calendar years by the undersigned or others, directly
or indirectly, for services rendered by the undersigned, from each of the
companies designated in item 3. (Use column (a) as supplementary statement
only.)
See attached Exhibit C.
(b) Basis for compensation if other than salary.
None
6. (To be answered in supplementary statement only. See instructions.)
Expenses incurred by the undersigned or any person named in item 2, above,
during the calendar year in connection with the activities described in item 4,
above, and the source or sources of reimbursement for same.
Not applicable.
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(a) Total amount of routine expenses charged to client:
(b) Itemized list of all other expenses:
Date: December 7, 1998
Conectiv
By: /s/ Howard E. Cosgrove
------------------------
Howard E. Cosgrove
By: /s/ Thomas S. Shaw
------------------------
Thomas S. Shaw
By: /s/ Louis M. Walters
------------------------
Louis M. Walters
By: /s/ Barry R. Elson
------------------------
Barry R. Elson
By: /s/ Barbara S. Graham
------------------------
Barbara S. Graham
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By: /s/ James P. Lavin
------------------------
James P. Lavin
By: /s/ Paul S. Gerritsen
------------------------
Paul S. Gerritsen
By: /s/ Peter F. Clark
------------------------
Peter F. Clark
By: /s/ Michael Ratchford
------------------------
Michael Ratchford
By: /s/ Stephanie M. Scola
------------------------
Stephanie M. Scola
By: /s/ Randall V. Griffin
------------------------
Randall V. Griffin
By: /s/ Christie Day Leiser
------------------------
Christie Day Leiser
By: /s/ H. Gregory Barksdale
------------------------
H. Gregory Barksdale
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EXHIBIT A
Names, corporate affiliations and business addresses of individuals who may act
during 1998, 1999 and 2000 in matters included within the exemption provided by
paragraph (b) of Rule 71:
Conectiv
Howard E. Cosgrove
Thomas S. Shaw
Louis M. Walters
Barry R. Elson
Barbara S. Graham
James P. Lavin
Paul S. Gerritsen
Peter F. Clark
Michael Ratchford
Stephanie M. Scola
Randall V. Griffin
Christie Day Leiser
H. Gregory Barksdale
the business address of each of whom is 800 King Street, Wilmington, DE 19899.
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EXHIBIT B
Conectiv
<TABLE>
<CAPTION>
Name Position
<S> <C>
Howard E. Cosgrove Chairman and Chief Executive Officer
Thomas S. Shaw Executive Vice President
Louis M. Walters Treasurer
Barry R. Elson Executive Vice President
Barbara S. Graham Senior Vice President and Chief Financial Officer
James P. Lavin Controller
Paul S. Gerritsen Vice President Asset Utilization
Peter F. Clark General Counsel
Michael Ratchford Director Corporate Communications
Stephanie M. Scola Manager of Capital Markets
Randall V. Griffin Senior Counsel
Christie Day Leiser Senior Counsel
H. Gregory Barksdale Counsel
</TABLE>
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EXHIBIT C
Conectiv
<TABLE>
<CAPTION>
Name Prior Year Compensation To Be Received
<S> <C> <C>
Howard E. Cosgrove 400,000 600,000
Thomas S. Shaw 184,000 340,000
Louis M. Walters 145,000 145,000
Barry R. Elson 173,280 340,000
Barbara S. Graham 184,000 265,000
James P. Lavin 116,112 131,000
Paul S. Gerritsen 159,000 163,200
Peter F. Clark 114,000 150,000
Michael Ratchford 106,080 125,000
Stephanie M. Scola 73,000 73,000
Randall V. Griffin 95,400 107,140
Christie Day Leiser 83,000 96,250
H. Gregory Barksdale 76,500 84,500
</TABLE>
