As Filed with the Securities
and Exchange Commission
on March 31, 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 October 1, 1999 through December 31, 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 0 3,600
</TABLE>
<PAGE> 2
During the period there were no stock options and no 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
were 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 $548,182,000 5.70% $676,182,000
Delmarva $0 N/A $0
</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.
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.
<PAGE> 3
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 Issued on Behalf of Amount Type of Guarantee
Guarantee
<S> <C> <C> <C>
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $1,000,000 Guarantee of payment
Conectiv Conectiv Energy Supply Inc. $650,000 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $320,000 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Inc. $1,951,160 Contract Obligations
Conectiv Enertech Capital Partners $5,850,005 Contract Obligations
</TABLE>
As of the end of the period total guarantees by Conectiv are $61,871,165 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:
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 31, 1999
ATE Investment, Inc. March 31, 1999
Conectiv Services, Inc. March 31, 1999
Conectiv Communications, Inc. March 31, 1999
Atlantic Plumbing LLC March 31, 1999
Conectiv Solutions, LLC March 31, 1999
DCI I March 31, 1999
Atlantic Southern Properties, Inc. March 31, 1999
Conectiv Energy, Inc. March 31, 1999
12. Financial Statements
- Conectiv Balance Sheet (Incorporated by reference to the filing of
Conectiv on Form 10-K for the period ended December 31, 1999)
- Delmarva Balance Sheet (Incorporated by reference to the filing of
Delmarva on Form 10-K for the period ended December 31, 1999)
13. Registration Statements filed pursuant to the Securities Act of 1933:
- None
<PAGE> 4
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.
March 31, 2000 /s/ Philip S. Reese_______
Philip S. Reese
Vice President and Treasurer
