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Filed with Securities
And Exchange Commission File Number 70-09485
On April 27, 1999
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
AMENDMENT NO. 1 TO
FORM U-1
APPLICATION
UNDER THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Atlantic City Electric Company
800 King Street
Wilmington, DE 19801
(Name of company filing this statement and address
of principal executive office)
Conectiv
(Name of top registered holding company parent)
Louis M. Walters
Treasurer
Atlantic City Electric Company
800 King Street
Wilmington, DE 19899
(Name and address of agents for service)
The Commission is requested to send copies of all notices, orders and
communications in connection with this Application/Declaration to:
Randall V. Griffin, Esq. Joyce Koria Hayes, Esq.
Conectiv 7 Graham Court
800 King Street Newark, DE 19711
Wilmington, DE 19899
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The Application as previously filed is hereby amended as follows:
Changes to second paragraph of Item 1(e) Statement Pursuant to Rule 54:
Rule 53 requires that the aggregate investment in EWGs and FUCOs not exceed
50% of a system's consolidated retained earnings. Conectiv and its
subsidiaries will not make any investments in EWGs and FUCOs that cause it
to exceed that limitation, unless the Commission otherwise authorizes.
Currently, Conectiv has one insignificant indirect interest in an EWG.
DCTC-Burney, Inc., an indirect subsidiary of Conectiv, holds a 45% direct
and indirect interest in Burney Forest Products, A Joint Venture, which is
an EWG. DUE TO EARNINGS OF THE EWG THAT HAVE NOT BEEN DISTRIBUTED, THE NET
BOOK INVESTMENT IN THE EWG IS $5.065 MILLION. HOWEVER, THERE HAS BEEN NO
ADDITIONAL POST-MERGER INVESTMENT IN THIS EWG BY CONECTIV OR A SUBSIDIARY.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the undersigned company has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly authorized.
Atlantic City Electric Company
By: /s/ Louis M. Walters
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Louis M. Walters
Treasurer
Dated: April 26, 1999
