As Filed with the Securities
and Exchange Commission
on May 30, 2000
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the quarterly period ended March 31, 2000
Conectiv
(Name of Registered Holding Company)
800 King Street
Wilmington, DE 19899
(Address of Principal Executives Offices)
Inquiries concerning this Form U-9C-3 may
be directed to either:
Peter F. Clark
General Counsel
Conectiv
800 King Street
Wilmington, DE 19899
or
Philip S. Reese
Vice President and Treasurer
Conectiv
800 King Street
Wilmington, DE 19899
(302) 429-3884
<PAGE> 2
Conectiv
FORM U-9C-3
For the Quarter Ended March 31, 2000
Table of Contents
Page
Item 1. Organization Chart 1
Item 2. Issuance and Renewals of Securities and Capital
Contributions 1
Item 3. Associated Transactions 1
Item 4. Summary of Aggregate Investment 2
Item 5. Other Investments 3
Item 6. Financial Statements and Exhibits 3
SIGNATURE 4
<PAGE> 3
Item 1. - ORGANIZATION CHART
<TABLE>
Percentage
Energy or of Voting
Name of Gas Date of State of Securities
Reporting Company Related Organization Organization Held Nature of
Company Business
<S> <C> <C> <C> <C> <C>
None
</TABLE>
Item 2. - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL
CONTRIBUTIONS
CAPITIAL CONTRIBUTIONS:
<TABLE>
Principal Amount of Person to Whom
Company Issuing Type of Security Security Security Was
Security Issued Issued
<S> <C> <C> <C>
None
</TABLE>
Item 3. - ASSOCIATED TRANSACTIONS
Part I. - Transactions performed by reporting companies on behalf of associate
companies.
NONE
<PAGE> 4
Part II - Transactions performed by associate companies on behalf of reporting
companies.
<TABLE>
Types of Direct Costs Total amount
Associate Company Reporting Company Services Charged Billed
Rendering Services Receiving Services
<S> <C> <C> <C> <C>
Conectiv Resource Conectiv Operating Core Business Support, * *
Partners, Inc. Services Company Financial services,
Legal, Marketing,
Environmental,
Executive Management
Conectiv Resource Conectiv Energy Core Business Support, * *
Partners, Inc. Supply, Inc Financial services,
Legal, Marketing,
Executive Management
Conectiv Resource Delmarva Services Financial, Executive
Partners, Inc. Management and
Corporate services * *
Conectiv Resource Enerval Core Business
Partners, Inc. Support, Financial
Services * *
Conectiv Resource Conectiv Thermal Procurement & Corp
Partners, Inc. Systems, Inc. Services, Financial
Services, Legal,
Marketing,
Information,
Communications
Services
Environmental,
Executive Management * *
Conectiv Resource DCTC Burney Inc. Core Business
Partners, Inc. Support, Legal * *
* Confidential Treatment Requested
</TABLE>
<PAGE> 5
Item 4. - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies (in thousands):
Total consolidated capitalization as of March 31, 2000 $3,532,782 Line 1
Total capitalization multiplied by 15% $ 529,917 Line 2
(Line 1 multiplied by 0.15)
Greater of $50 million or line 2 $ 529,917 Line 3
Total current aggregate investment:
(categorized by major line of energy-related business)
Energy-related business Category - Rule 58(b)(1)(ii) (1) *
Energy-related business Category - Rule 58(b)(1)(v) (2) *
Energy-related business Category - Rule 58(b)(1)(vi) (3) *
Energy-related business Category - Rule 58(b)(1)(vii) (4) *
Total current aggregate investment * Line 4
Difference between the greater of $50 million or 15% of
Capitalization and the total aggregate investment of the
Registered holding company system (line 3 less line 4) ** Line 5
* Confidential Treatment Requested
** Effective August 10, 1999 indirect ownership of EnerTech
Capital Partner, L.P.
("EnerTech") was transferred to Conectiv Solutions LLC pursuant
to an order dated August 10, 1999. EnerTech no longer derives
predominantly all revenues from investments in companies
engaged in electric technologies and will no longer be
considered a Rule 58 company.
(1) Rule 58 defines category "ii" as the development and
commercialization of electrotechnologies related to energy
conservation, storage and conversion, energy efficiency, waste
treatment, greenhouse gas reduction, and similar innovations;
(2) Rule 58 defines category "v" as the brokering and marketing
of energy commodities, including but not limited to electricity,
natural or manufactured gas and other combustible fuels.
(3) Rule 58 defines category "vi" as the production, conversion,
sale and distribution of thermal energy products, such as
process steam, heat, hot water, chilled water, air
conditioning, compressed air and similar products; alternative
fuels; and renewable energy resources; and the servicing of
thermal energy facilities.
(4) Rule 58 defines category "vii" as the sale of technical,
operational, management, and other similar kinds of services and
expertise, developed in the course of utility operations in such
areas as power plant and transmission system engineering,
development, design and rehabilitation; construction;
<PAGE> 6
maintenance and operation; fuel procurement, delivery and
management; and environmental licensing, testing and redemption.
Investments in gas-related companies:
NONE
Item 5. - OTHER INVESTMENTS
<TABLE>
Major Line of Other Investment in Other Investment in Reason for Difference
Energy-Related Last U-9C-3 Report this U-9C-3 Report in Other Investment
Business
<S> <C> <C> <C>
NONE
</TABLE>
Item 6. - FINANCIAL STATEMENTS AND EXHIBITS
A. Financial Statements:
Exhibit A-1. Financial statements of Conectiv (incorporated by
reference to the filing by Conectiv on Form 10-Q for the period
ended March 31, 2000.)
B. Exhibits:
Exhibit B-2. Certificate of Conectiv.
<PAGE> 7
SIGNATURE
The undersigned registered holding company has duly
caused this quarterly report to be signed on its behalf by the
undersigned officer thereunto duly authorized pursuant to the
requirements of the Public Utility Holding Company Act of 1935.
Conectiv
By:/s/Philip S. Reese
Philip S. Reese
Vice President and Treasurer
May 30, 2000
