As Filed with the Securities
and Exchange Commission
on March 31, 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 December 31, 1999
Conectiv
(Name of Registered Holding Company)
800 King Street
Wilmington, DE 19899
(Address of Principal Executives Offices)
Inquiries concerning this Form U-9C-3 maybe 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 December 31, 1999
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
Name of Reporting Company Energy or Gas Related Company Date of Organization
State of Organization Percentage
of Voting Securities Held
Nature of Business
None
Item 2. - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
CAPITIAL CONTRIBUTIONS:
Company Issuing Security
<TABLE>
<CAPTION>
Type of Security Principal Amount of Person to Whom
Issued Security Security Was Issued
<S> <C> <C>
None
</TABLE>
Note: Petron Oil Corporation was merged into Conectiv Energy Supply as of
2/28/99
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>
<CAPTION>
Associate Company Reporting Company Types of Services Direct Costs Total amount
Rendering Services Receiving Services Rendered Charged Billed
<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 Energy, Core Business Support,
Partners, Inc. Inc. Financial Services,
Legal, Environmental &
Safety * *
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 * *
</TABLE>
* Confidential Treatment Requested
Note: Petron Oil Corporation was merged into Conectiv Energy Supply as of
2/28/99
<PAGE> 5
Item 4. - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies (in thousands):
Total consolidated capitalization as of December 31, 1999 $3,547,954 Line 1
Total capitalization multiplied by 15%
(Line 1 multiplied by 0.15) $ 532,193 Line 2
Greater of $50 million or line 2 $ 532,193 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; maintenance and operation; fuel procurement, delivery and
management; and environmental licensing, testing and remediation.
Investments in gas-related companies:
NONE
Item 5. - OTHER INVESTMENTS
<TABLE>
<CAPTION>
Major Line of Energy- Other Investment in Other Investment in Reason for Difference
Related Business Last U-9C-3 Report This U-9C-3 Report in Other Investment
<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-K for the period ended December 31, 1999.)
B. Exhibits:
Exhibit B-2. Certificate of Conectiv.
<PAGE> 6
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
March 31, 1999
<PAGE> 7
Exhibit B-2
Certificate
I hereby certify that the Form U-9C-3 for Conectiv for the previous quarter
has been provided to the state commissions listed below:
Delaware Public Service Commission
861 Silver Lake Boulevard
Cannon Building, Suite 100
Dover, DE 19904
Maryland Public Service Commission
6 St. Paul Centre, 16th Floor
Baltimore, MD 21202
Virginia State Corporation Commission
1300 E. Main Street
Tyler Building
Richmond, VA 23219
New Jersey Board of Public Utilities
Two Gateway Center
Newark, NJ 07102
CONECTIV
By:/s/Philip S. Reese
Philip S. Reese
Vice President
and Treasurer
Date: March 31, 2000
