As Filed with the
Securities and Exchange
Commission on May 30, 2000
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 January 1, 2000 through March 31, 2000. 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 Issued During Period Cumulative #
0f Shares Issued
<S> <C> <C>
Dividend Reinvestment 0 0
Employee Benefit Plans 0 3,600
</TABLE>
During the period there were 689,400 stock options and 84,100
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.
There were no stock options exercised under the Delmarva Long-Term
Incentive Plan during the quarter and no shares of Common Stock
<PAGE> 2
were issued. To date, awards under the employee benefit plans
include 2,251,000 common stock options and 211,200 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 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 $1
billion per SEC Supplemental Order dated December 14, 1999.
5. Short-Term Debt issued by Conectiv and Delmarva Power & Light Company
("Delmarva") during period:
<TABLE>
<CAPTION>
Balance at Period-End Weighted Average Cost Highest Daily
Balance
<S> <C> <C>
Conectiv $606,000,000 6.20% $646,500,000
Delmarva $0 5.83% $ 34,000,000
</TABLE>
Note: The aggregate daily balance of Conectiv and Delmarva cannot
exceed $1.3 billion per SEC Supplemental Order dated December 14,
1999; Delmarva's daily balance cannot exceed $275 million.
6. Interest rate risk management transactions during period by
Conectiv and/or Utility Subsidiaries:
No activity.
<PAGE> 3
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.
8. Non-utility financing during period not exempt pursuant to
Rule 52:
None.
<TABLE>
<CAPTION>
9. Guarantees issued by Conectiv and Non-utility Subsidiaries
during period:
Issuer of Guarantee Issued on Behalf of Amount Type of Guarantee
<S> <C> <C> <C>
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy, Inc. $4,877,900 Contract Obligations
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc.$ 94,000 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
</TABLE>
As of the end of the period total guarantees by Conectiv are
$67,021,905 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.
<PAGE> 4
10. Borrowings from System Money Pool during period:
By an Order dated December 14, 1999 the limit on borrowings by
individual Non-Utility Subsidiaries was eliminated 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. March 30, 2000
Conectiv Services, Inc. March 30, 2000
Conectiv Communications, Inc. March 30, 2000
Atlantic Plumbing LLC March 30, 2000
Conectiv Solutions, LLC March 30, 2000
DCI I March 30, 2000
Atlantic Southern Properties, Inc. March 30, 2000
Conectiv Energy, Inc. March 30, 2000
12. Financial Statements
-Conectiv Balance Sheet (Incorporated by reference to the
filing of Conectiv on Form 10-Q for the period ended March
31, 2000)
-Delmarva Balance Sheet (Incorporated by reference to the
filing of Delmarva on Form 10-Q for the period ended March
31, 2000)
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.
Conectiv Energy, 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.
May 30, 2000 /s/ Philip S. Reese
Philip S. Reese
Vice President and Treasurer
