SCHEDULE 14A INFORMATION
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Delmarva Power & Light Company
(Name of Registrant(s) as Specified in its Charter)
Atlantic Energy, Inc.
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if other than the Registrant)
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Delmarva Power Atlantic Energy
Energizing your future
"A merger that will create shareholder value through growth and
increased strength in the competitive marketplace."
Delmarva logo Atlantic logo
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Delmarva Power - Atlantic Energy Merger
- The right fit, the right time
- Merger will achieve:
- Larger, stronger company
- More competitive rate structure
- Broader selection of services
- Larger customer base
- Access to larger markets
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New Name Chosen
Conectiv
"A company that is competitive, aggressive and connected to the
needs of its customers, shareholders and the communities we
serve."
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Merger Benefits
Near-term benefits
- Dividends -
Intent to continue to pay our shareholders an attractive
dividend.
- Cost Savings -
Net savings estimated to be in excess of $500 Million over
first 10 years.
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Merger Benefits
Long-term benefits:
Creates significant growth opportunities and competitive
advantages
- Scale to compete
- Broader regional platform for growth
- Increased financial strength and agility to grow into new
markets
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Conectiv's Growth Strategy
- Work to capture a larger share of region's competitive
energy and related services market.
- Expand relationships with existing 1 million customers and
develop relationships with new customers in wider region.
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Conectiv's Growth Strategy
- Building a portfolio of products and services that offer:
- Value
- Convenience
- Excellent customer service & satisfaction
- New services and businesses will include:
- HVAC installation, operation and service
- Thermal Energy Services
- Energy Management
- Electrical Contracting & Plumbing
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Conectiv's Growth Strategy
New competitive businesses already underway:
- Delmarva's HVAC Services Subsidiary
- 4 established regional businesses acquired
- Atlantic Energy's - Atlantic Thermal Systems
- District heating & cooling system under construction in
Atlantic City
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Merger Approval Status
- Shareholder vote - January 30, 1997
- FERC - filed in November 1996
- State utility regulatory filings - February 1997
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