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Pricing Supplement No. 2 Filing under Rule 424(b)(3)
(To Prospectus dated May 12 1997, as Registration No. 333-24059
supplemented by Prospectus Supplement
dated October 15, 1997)
Dated: October 22, 1997 CUSIP: 24710X AT 5
$75,000,000
Delmarva Power & Light Company
Medium-Term Notes, Series C
Principal Amount ($): 12,000,000 Original Issue Date: 10/27/97
Interest Rate (%): 6.59 Stated Maturity Date: 10/1/02
Issue Price (%): 99.50 Interest Payment Dates: 4/1 and 10/1
Selling Agent's Commission (%): N/A Initial Interest Payment Date: 4/1/98
Purchasing Agent's Discount (%): .500 Redeemable: Yes___ No x
Net Proceeds to Company ($): 11,940,000 Initial Redemption Date: N/A
Reallowance (%): N/A Redemption Limitation Date: N/A
Selling Concession (%): N/A
Redemption Prices (if any): The Initial Redemption Price shall be ___% of
the principal amount of such Notes to be redeemed and shall decline on each
anniversary of the Initial Redemption Date by a Reduction Percentage of
___% of the principal amount to be redeemed until the redemption price
shall be 100% of such principal amount.
Additional terms: Book Entry (DTC)
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Prior to the date of this Pricing Supplement, the Company has sold $10
million principal amount of Medium-Term Notes, Series C pursuant to
Registration Statement No. 333-24059.
N/A as used herein means "Not Applicable."
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION OR BY ANY STATE SECURITIES COMMISSION
NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT
OR THE PROSPECTUS AND PROSPECTUS SUPPLEMENT TO WHICH IT RELATES. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
MERRILL LYNCH & CO. MORGAN STANLEY DEAN WITTER
