Filed with the Securities
and Exchange Commission
on November 9, 1999
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
In the Matter of
INTERIM CERTIFICATE
Conectiv and
Subsidiaries
OF
File No. 70-9499
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 (18 C.F.R. ss250.24). 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 September 27, 1999, in the
above- referenced file. The Order authorizes Conectiv to pay dividends on
Common Stock and Class A Common Stock out of capital or unearned surplus
if necessary.
On September 28, 1999, Conectiv declared a Common Stock dividend of
$19,286,881.00 and a Common Stock Class A dividend of $4,594,083.00.
These dividends were paid on October 30, 1999. Total dividends of
$23,880,964.00 were charged to retained earnings for the period ending
September 30, 1999 leaving a retained earnings balance of $14,389,000.00.
No action pursuant to the order was required.
Jurisdiction continues to be reserved over the possible issuance of
dividends out of capital or unearned surplus by Conectiv, Delmarva Power
& Light Company and Atlantic City Electric Company. No further reports
will be filed unless and until the Company requests a removal of the
reservation of jurisdiction and an order is issued or the file is closed.
<PAGE> 2
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the undersigned companies have duly caused this document to be signed
on their behalf by the undersigned thereunto duly authorized.
Conectiv
November 9, 1999 /s/ P. S. Reese
P. S. Reese
Vice President and Treasurer
