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File No. 70-9499
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Post-Effective Amendment No. 5
To
FORM U-1
DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Conectiv
Atlantic City Electric Company
Delmarva Power & Light Company
800 King Street
Wilmington, DE 19899
(Name of company filing this statement
and address of principal executive offices)
Conectiv
(Name of top registered holding company parent)
Philip S. Reese
Vice President and Treasurer
Conectiv
(address above)
(Name and address of agent of service)
The Commission is requested to send copies of all notices, orders and
communications in connection with this Application to:
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<S> <C>
Peter F. Clark, Esquire Joyce Koria Hayes, Esquire
General Counsel 7 Graham Court
Conectiv Newark, DE 19711
(address above)
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Item 1. Description of Proposed Transactions
(a) Furnish a reasonably detailed and precise description of the proposed
transaction, including a statement of the reason why it is desired to consummate
the transaction and the anticipated effect thereof. If the transaction is part
of a general program, describe the program and its relation to the proposed
transaction.
The application as previously filed is amended to add the following information
under Item 1:
Conectiv's common equity to total capitalization ratio fell below 30%
primarily as a result of write-downs occurring in 1999 due to state
electric industry restructuring. The Company expects its common equity
to total capitalization ratio to remain below 30% until the sale of
certain generating assets to third parties is completed. The closing is
scheduled for September 1, 2000 but is contingent on the prior receipt
of state regulatory approvals.
SIGNATURE
Pursuant to the requirements of the Act, the undersigned companies have
duly caused this amended Application to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: April 27, 2000
Conectiv
By: /s/ Philip S. Reese
Vice President and Treasurer
Atlantic City Electric Company
By /s/ Philip S. Reese
Vice President and Treasurer
Delmarva Power & Light Company
By: /s/ Philip S. Reese
Vice President and Treasurer
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