As Filed with the Securities
and Exchange Commission
on November 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. s 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 July 1, 1999 through September 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>
Common Stock #0f Shares Issued During Period Cumulative # 0f Shares Issued
<S> <C> <C>
Dividend Reinvestment 0 0
Employee Benefit Plans 3,600 3,600
</TABLE>
During the period there were 34,800 stock options and 900 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.
<PAGE> 2
Under the Delmarva Long-Term Incentive Plan there were 3,600 stock options
exercised during the quarter and 3,600 shares of Common Stock issued. To date,
awards under the employee benefit plans include 1,561,600 common stock options
and 127,100 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>
#0f Shares Issued During Period Value per Share Restricted (Y/N)
<S> <C> <C>
0 N/A N/A
</TABLE>
4. Conectiv Long-Term Debt issued during period:
None
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>
Balance at Period-End Weighted Average Cost Highest Daily Balance
<S> <C> <C>
Conectiv $593,524,000 5.52% $598,800,000
Delmarva 0 5.15% 32,300,000
</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:
<PAGE> 3
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.
8. Non-utility financing during period not exempt pursuant to Rule 52:
None.
9. Guarantees issued by Conectiv and Non-utility Subsidiaries during period:
<TABLE>
Issuer of Guarantee Issued on Behalf of Amount Type of Guarantee
<S> <C> <C> <C>
Conectiv Conectiv Energy Supply Inc. $0 Performance Guarantee
Conectiv Conectiv Energy Supply Inc. $0 Performance Guarantee
Conectiv Conectiv Energy Supply Inc. $0 Performance Guarantee
Conectiv Conectiv Energy Supply Inc. $0 Performance Guarantee
</TABLE>
As of the end of the period total guarantees by Conectiv are $57,290,000 and
total guarantees by Non-Utility Subsidiaries are $8,840,000.
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:
Filing Entity Date of Filing
Conectiv Resources Partners, Inc. November 30, 1999
ATE Investment, Inc. November 30, 1999
Conectiv Services, Inc. November 30, 1999
Conectiv Communications, Inc. November 30, 1999
Atlantic Plumbing LLC November 30, 1999
Conectiv Solutions, LLC November 30, 1999
DCI I November 30, 1999
Atlantic Southern Properties November 30, 1999
<PAGE> 4
12. Financial Statements
Conectiv Balance Sheet (Incorporated by reference to the filing of
Conectiv on Form 10-Q for the period ended September 30, 1999)
Delmarva Balance Sheet (Incorporated by reference to the filing of
Delmarva on Form 10-Q for the period ended September 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.
November 30, 1999 /s/ Philip S. Reese
Philip S. Reese
Vice President and Treasurer
