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DELMARVA POWER & LIGHT COMPANY
800 KING STREET
P.O. BOX 231
WILMINGTON, DELAWARE 19899
HOWARD E. COSGROVE
CHAIRMAN OF THE BOARD, PRESIDENT
AND CHIEF EXECUTIVE OFFICER
May 10, 1994
SUPPLEMENT TO PROXY STATEMENT DATED APRIL 22, 1994
To The Holders of Common Stock of
Delmarva Power & Light Company:
In its Proxy Statement dated April 22, 1994, Delmarva Power & Light
Company (the "Company"), inadvertently failed to report, in accordance with
the Proxy Rules of the Securities and Exchange Commission (the "Commission"),
that it has one beneficial owner which holds in excess of 5% of the Common
Stock of the Company. The following table sets forth the required information
with respect to such beneficial owner:
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
Name Amount
and Address of and Nature of Percent of
Beneficial Owner Beneficial Ownership Class
Franklin Resources, Inc.
777 Mariners Island Boulevard
San Mateo, California 94403 3,126,250 5.3%
The share ownership shown above is based on a Form 13G dated January 28, 1994,
as amended on January 31, 1994, and filed with the Commission.
Instructions to Stockholders:
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If you have already returned your proxy to the Company and you wish to
change your vote based upon the information provided above, please date, sign
and mail the enclosed proxy as promptly as possible in the enclosed return
envelope.
If you have not yet returned your proxy to the Company, please date,
sign and mail either the enclosed proxy, or the proxy you received with the
Proxy Statement dated April 22, 1994, as promptly as possible in the enclosed
return envelope.
If you have already returned your proxy to the Company and do not wish
to change your vote, you need not do anything further to have your vote
counted at the Annual Meeting to be held on May 26, 1994 at 11:00 A.M.
Stockholders who are present at the Annual Meeting may withdraw their
Proxies and vote in person if they so desire.
Yours very truly,
Howard Cosgrove
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