-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BTMWYPMCUQDYidVDiBMeqkVAekLvG0XMPLHIYQmGoCz/W8ztBZP1twlyVRzIuOIJ Rj1yikbZTjtc6tU3NbFiQw== 0000079732-02-000058.txt : 20020828 0000079732-02-000058.hdr.sgml : 20020828 20020828081621 ACCESSION NUMBER: 0000079732-02-000058 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20020828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONECTIV CENTRAL INDEX KEY: 0001029590 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 510377417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-09499 FILM NUMBER: 02750194 BUSINESS ADDRESS: STREET 1: 800 KING ST STREET 2: P O BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 BUSINESS PHONE: 3024293114 MAIL ADDRESS: STREET 1: 800 KING ST STREET 2: P O BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 35-CERT 1 rule24aug-3.htm CERTIFICATE OF NOTIFICATION PURSUANT TO RULE 24 SECURITIES AND EXCHANGE COMMISSION

Filed with the Securities
and Exchange Commission
on August 28 2002



SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

   


In the Matter of

Conectiv and Subsidiaries

File No. 70-9499

(Public Utility Holding Company
Act of 1935)


CERTIFICATE

OF

NOTIFICATION

PURSUANT TO RULE 24

   

This Certificate of Notification pursuant to Rule 24 (18 C.F.R. Section 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 amendment No. 1 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 transactions have been completed during the period from April 1, 2002 to August 1, 2002:

 

On June 25, 2002, the Board of Directors of Conectiv declared a Common Stock dividend of $18,250,675 and a Common Stock Class A dividend of $1,435,579 for total dividend payments of $19,686,254.

 

On July 25, 2002, the Board of Directors of Conectiv declared a Common Stock dividend of $5,807,033 and a Common Stock Class A dividend of $459,385 for total dividend payments of $6,266,418.

No action was undertaken 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 Orders issued by the Commission with respect thereto

 

 

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.

The signatures of the applicants and of the persons signing on their behalf are restricted to the information contained in this application which is pertinent to the application of the respective companies.









August 28, 2002

Conectiv
Atlantic City Electric Company
Delmarva Power & Light Company




/s/ Donna Kinzel
Donna Kinzel
Assistant Treasurer



EXHIBIT INDEX

F-4

Past-tense opinion of counsel

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                                                                                                                                Exhibit F-4



August 28, 2002


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549


Re:     Conectiv (File No. 70-9499)

Ladies and Gentlemen:

As General Counsel for Conectiv, a Delaware corporation ("Conectiv"), I have acted as
counsel to Conectiv and certain of Conectiv's subsidiaries described below (collectively,
"Applicants") with respect to the matters described in the Application-Declaration on Form
U-1 (File No. 70-9499) (the "Application"), as amended by pre-effective amendment no. 1
and post-effective amendment nos. 1 through 5, of the Applicants filed with the Securities
and Exchange Commission (the "Commission") under the Public Utility Holding Company
Act of 1935 (the "Act"). The Application was filed jointly by Conectiv and two operating
utility subsidiaries, Delmarva Power & Light Company ("DPL") and Atlantic City Electric
Company ("ACE").

The Application requested the Commission to authorize the payment by the Applicants of
certain dividends out of capital or unearned surplus. The Commission authorized the
payment of certain of such dividends by orders issued on September 27, 1999, January 28,
2000 and April 27, 2000 (the "Orders"). The Applicants have completed the payment of
certain of such dividends (collectively, the "Transactions") pursuant to the Application and
the Orders and now wish to close out File No. 70-9499.

I am a member of the bar of the State of Delaware, the state in which Conectiv and DPL are
incorporated. I am also a member of the bar of the Commonwealth of Virginia, a state in
which DPL is also incorporated. I am not a member of the bar of the State of New Jersey (in
which ACE is incorporated). I do not hold myself out as an expert in the laws of any state
other than Delaware and Virginia, although I have consulted and will consult with counsel
to Conectiv who are experts in such laws. For purposes of this opinion, to the extent I
deemed necessary, I have relied on advice from counsel employed or retained by Conectiv
who are a members of the bar of the State of New Jersey.

In connection with this opinion, I or attorneys in whom I have confidence have examined
originals or copies, certified or otherwise identified to my satisfaction, of such records of
Conectiv and such other documents, certificates and corporate or other records as I have


Securities and Exchange Commission
August 28, 2002
Page 2

deemed necessary or appropriate as a basis for the opinions set forth herein. In my
examination, I have assumed the genuineness of all signatures, the legal capacity of all
persons, the authenticity of all documents submitted to me as originals, the conformity to
original documents of documents submitted to me as certified or photostatic copies and the
authenticity of the originals of such copies. As to various questions of fact material to such
opinions, I have relied, when relevant facts were not independently established, upon
statements contained in the Application, as amended.

Based on the foregoing, and subject to the assumptions and conditions set forth herein, I am
of the opinion that:

     1.   All state laws applicable to the Transactions have been complied with; and

     2.   Each of the Applicants involved in a particular Transaction was, at the time of the
           applicable Transaction, duly formed or incorporated under the laws of the jurisdiction
           in which it is domiciled; and

     3.   The consummation of the Transactions did not violate the legal rights of the holders
           of any securities issued by any Applicant or any associate company thereof; and

     4.   The Transactions have been carried out in accordance with the Application, as
           amended, and the Orders.

I hereby consent to the filing of this opinion together with the Certificate of Conectiv filed
pursuant to Rule 24.

Very truly yours,

/s/ Peter F. Clark

Peter F. Clark

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