Filed with the
Securities and
Exchange Commission
On May 3, 2000
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 pursuant to Rule 24 (18 C.F.R. s
250.24) is filed by Conectiv, a Delaware Corporation, in connection with
transactions proposed in Post-Effective Amendments Nos. 1 to 5 to the
Declaration on Form U-1 in the above File as previously amended by
amendments No. 1 and 2 and authorized by orders (the "Orders") of the
Securities and Exchange Commission dated September 27, 1999, January 28,
2000 and April 27, 2000.
On March 28, 2000, the Board of Directors of Conectiv declared a
Common Stock dividend aggregating $18,602,529 and a Common Stock class
A dividend of $4,593,852 for total dividend payments of $ 23,196,381.
In 1999, Conectiv recorded an extraordinary loss of $311,718,000, which
resulted in an accumulated deficit of $36,472,000 as of December 31, 1999.
The accumulated deficit including the common dividends declared amounted
to $27,131,000 as of March 31, 2000. On April 28, 2000, dividends of
$23,196,381 were paid pursuant to the Orders.
<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
May 3, 2000 /s/ Philip S. Reese
Philip S. Reese
Vice President and Treasurer
