Filed with the Securities
and Exchange Commission
on February 28, 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 and 2 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 and January 28, 2000.
On December 7, 2000, the Board of Directors of Conectiv declared
a Common Stock dividend aggregating $18,941,674 and a Common Stock
class A dividend of $4,593,852 for total dividend payments of $23,535,526.
In 1999, Conectiv recorded an extraordinary loss of $311,718,000,
which resulted in an accumulated deficit of $12,936,474, excluding common
dividends declared in the fourth quarter. The accumulated deficit
including the common dividends declared amounted to $36,472,000 as of
December 31, 1999. On January 31, 2000, dividends of $23,535,526 were
paid pursuant to the Orders.
Jurisdiction continues to be reserved over the possible issuance of
dividends out of capital or unearned surplus by Conectiv, Delmarva Power &
Light Company and Atlantic City Electric Company. No further reports will
be filed unless and until the Company requests a removal of the reservation
of jurisdiction and an order is issued or the file is closed.
<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
February 28, 2000 /s/ Philip S. Reese
Philip S. Reese
Vice President and Treasurer
