Filed with the Securities
and Exchange Commission
on August 30, 1999
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
In the Matter
of
INTERIM CERTIFICATE
Conectiv and
Subsidiaries
OF
File No. 70-9095
NOTIFICATION
(Public Utility Holding Company
Act of 1935)
PURSUANT TO RULE 24
This Certificate of Notification is filed by
Conectiv, a Delaware corporation, pursuant to Rule 24 (17
C.F.R. " 250.24). Such filing is made in connection with
Conectiv's Form U-1 Application-Declaration, as amended
(the "Application-Declaration"), and authorized by the
order (the "Order") of the Securities and Exchange
Commission (the "Commission") dated February 26, 1998, in
the above- referenced file. The Order directed that
Conectiv file with the Commission quarterly certificates
pursuant to Rule 24 within 60 days after each of the first
three calendar quarters and within 90 days after the last
calendar quarter. This certificate reports transactions
from the period April 1, 1999 through June 30, 1999.
Capitalized terms not otherwise defined herein have the
meaning ascribed in the Application-Declaration.
1. Conectiv Common Stock issued during period (new issue
shares only):
None
2. Conectiv Common Stock issued pursuant to dividend
reinvestment plans and Common Stock and options issued
pursuant to benefit plans:
<TABLE>
<CAPTION>
Common Stock #0f Shares Cumulative # 0f Shares
Issued During Period Issued
<S> <C> <C>
Dividend Reinvestment 0 0
Employee Benefit Plans 0 0
</TABLE>
<PAGE> 2
During the period there were no stock options and no
shares of restricted stock issued under the Conectiv
Incentive Compensation Plan. There was no distribution of
Conectiv shares during the period under the Conectiv
Incentive Compensation Plan or the Delmarva Long-Term
Incentive Plan. To date, awards under the employee
benefit plans include 1,526,800 common stock options and
126,200 shares of restricted stock.
Note: Cumulative shares issued for dividend reinvestment
plans cannot exceed 5 million shares; cumulative shares
issued for employee benefit plans cannot exceed 5 million
shares.
3. Conectiv Common Stock issued for acquisitions:
<TABLE>
<CAPTION>
#0f Shares Issued Value per Share Restricted Y/N)
During Period
<S> <C> <C>
0 N/A N/A
</TABLE>
4. Conectiv Long-Term Debt issued during period:
On May 20, 1999 Conectiv issued $250 million 6.73%
Unsecured Medium Term Notes Series A with the following
maturities:
$100,000,000 maturing on 6/1/02
$ 50,000,000 maturing on 6/1/03
$ 50,000,000 maturing on 6/1/04
$ 30,000,000 maturing on 6/1/05
$ 20,000,000 maturing on 6/1/06
Aggregate long-term debt financing by Conectiv cannot
exceed $250 million.
5. Short-Term Debt issued by Conectiv and Delmarva Power
& Light Company ("Delmarva") during period:
<TABLE>
<CAPTION>
Balance at Period-End Weighted Average Cost HighestDaily
Balance
<S> <C> <C>
<PAGE> 3
Conectiv $558,000,000 5.16% 571,800,000
Delmarva 12,000,000 4.98% 34,000,000
</TABLE>
Note: The aggregate daily balance of Conectiv and Delmarva
cannot exceed $800 million per SEC order dated November
13, 1998; Delmarva's daily balance cannot exceed $275 million.
6. Interest rate risk management transactions during
period by Conectiv and/or Utility Subsidiaries:
No activity.
7. Utility Subsidiary financings during period:
Delmarva: See Item 5 above.
Note: Short-term and long-term financings by Atlantic
City Electric Company ("ACE") are exempt pursuant to Rule
52; long-term financings by Delmarva are exempt pursuant
to Rule 52.
7. Non-utility financing during period not exempt
pursuant to Rule 52:
None.
8. Guarantees issued by Conectiv and Non-utility
Subsidiaries during period:
<TABLE>
<CAPTION>
Issuer of Guarantee Issued on Behalf of Amount Type of Guarantee
<S> <C> <C> <C>
Conectiv Conectiv $500,000 Guarantee
Energy Operating Services
Supply Inc. Company
Conectiv Energy Conectiv $350,000 Guarantee
Supply Inc. Operating Servives
Company
</TABLE>
As of the end of the period total guarantees by Conectiv
are $58,290,000 and total guarantees by Non-Utility Subsidiaries
are $8,840,000.
<PAGE> 4
Note: Guarantees by Conectiv cannot exceed $350 million;
guarantees by Non-utility Subsidiaries cannot exceed $100
million.
10. Borrowings from System Money Pool during period:
Borrowings by individual Non-Utility Subsidiaries did not
exceed $25 million at any point during the period and are
reported on Form U-6B-2 filed contemporaneously herewith.
11. Forms U-6B-2 filed with Commission during period:
<TABLE>
<CAPTION>
Filing Entity Date of Filing
<S> <C>
Conectiv Resources Partners, Inc. August 30, 1999
ATE Investment August 30, 1999
Conectiv Services, Inc. August 30, 1999
Conectiv Communications August 30, 1999
Atlantic Plumbing LLC August 30, 1999
</TABLE>
12. Financial Statements
Conectiv Balance Sheet (Incorporated by reference
to the filing of Conectiv on Form 10-Q for the
period ended June 30, 1999)
Delmarva Balance Sheet (Incorporated by reference
to the filing of Delmarva on Form 10-Q for the
period ended June 30, 1999)
13. Registration Statements filed pursuant to the
Securities Act of 1933:
- None
<PAGE> 5
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned companies
have duly caused this Certificate of Notification to be
signed on their behalf by the undersigned thereunto duly
authorized.
The signatures of the applicants and of the persons
signing on their behalf are restricted to the information
contained in this application which is pertinent to the
application of the respective companies.
Conectiv
Delmarva Power & Light Company
Conectiv Resource Partners, Inc.
Conectiv Energy Supply, Inc.
Delmarva Capital Investments, Inc.
Conectiv Services, Inc.
DCI I, Inc.
DCI II, Inc.
DCTC-Burney, Inc.
Conectiv Operating Services Company
Conectiv Solutions, LLC
Conectiv Plumbing, LLC
Atlantic City Electric Company
Atlantic Generation, Inc.
Atlantic Southern Properties, Inc.
ATE Investment, Inc.
Conectiv Thermal Systems, Inc.
Binghamton General, Inc.
Binghamton Limited, Inc.
Pedrick General, Inc.
Vineland Limited, Inc.
Vineland General, Inc.
ATS Operating Services, Inc.
The Earth Exchange, Inc.
August 30, 1999 /s/ Philip S. Reese
Philip S. Reese
Vice President and
Treasurer
