Filed with the Securities
and Exchange Commission
on August 3, 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 to 5 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, January 28, 2000 and April 27, 2000.
The following transaction for which authorization was requested in the
Application/Declaration has been completed:
On June 27, 2000, the Board of Directors of Conectiv declared a
Common Stock dividend of $18,227,709.06 and a Common Stock
Class A dividend of $4,593,852.00 for total dividend payments of
$22,821,561.06. In 1999, Conectiv recorded an extraordinary
loss of $311,718,000, which resulted in an accumulated deficit of
$36,472,000 as of December 31, 1999. The accumulated deficit including
the common dividends declared amounted to $31,591,000.00 as of June 30, 2000.
On July 31, 2000, dividends of $22,821,561.06 were paid pursuant to the Orders.
The foregoing transactions as described above and in the Application/
Declaration have been carried out in accordance with the terms and
conditions of and for the purposes represented by the Application/
Declaration and the Order issued by the Commission with respect thereto.
<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
August 3, 2000 /s/ Philip S. Reese
Philip S. Reese
Vice President and Treasurer
