<PAGE> 1
As Filed with the Securities
and Exchange Commission
on August 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 PURSUANT TO RULE 24
Act of 1935)
--------------------------------
This Certificate of Notification is filed by Conectiv, a Delaware
corporation, pursuant to Rule 24 (17 C.F.R. Section 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 April 1, 2000
through June 30, 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 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 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:
<PAGE> 2
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> <C>
Conectiv $718,000,000 6.56% $737,000,000
Delmarva $ 8,300,000 6.35% $ 32,100,000
</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.
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.
9. Guarantees issued by Conectiv and Non-utility Subsidiaries during period:
<TABLE>
<CAPTION>
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 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
Conectiv Conectiv Energy Supply, Inc. $0 Guarantee of Payment
Conectiv Conectiv Energy Supply, Inc. $0 Guarantee of Payment
</TABLE>
<PAGE> 3
<TABLE>
<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 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
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
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
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, Inc. $58,200,000 Guarantee of Loan
Obligation
</TABLE>
As of the end of the period total guarantees by Conectiv are $122,876,735 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.
<PAGE> 4
11. Forms U-6B-2 filed with Commission during period:
<TABLE>
<CAPTION>
Filing Entity Date of Filing
------------- --------------
<S> <C>
Conectiv Resources Partners, Inc. August 30, 2000
Conectiv Services, Inc. August 30, 2000
Conectiv Communications, Inc. August 30, 2000
Atlantic Plumbing LLC August 30, 2000
Conectiv Solutions, LLC August 30, 2000
DCI I August 30, 2000
Atlantic Southern Properties, Inc. August 30, 2000
Conectiv Energy, Inc August 30, 2000
Delmarva Capital Investments August 30, 2000
</TABLE>
12. Financial Statements
Conectiv Balance Sheet (Incorporated by reference to the filing of
Conectiv on Form 10-Q for the period ended June 30, 2000)
Delmarva Balance Sheet (Incorporated by reference to the filing of
Delmarva on Form 10-Q for the period ended June 30, 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.
King Street Assurance, Ltd.
August 30, 2000 /s/ Philip S. Reese
----------------------------
Philip S. Reese
Vice President and Treasurer
