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Conectiv Energy Supply, Inc. Consolidated Balance Sheet (Dollars in Thousands) (Unaudited)
ASSETS			As of June 30, 2002
Current Assets
	Cash and cash equivalents		*
	Accounts receivable		*
	Accounts receivable from associated companies		*
	Inventories, at average cost
		Fuel (coal, oil and gas)	*
		Materials and supplies	*
	Prepayments		*
			*
Property, Plant and Equipment
	Property, plant and equipment		*
	Less: Accumulated depreciation		*
	Net Plant		*
	Construction work-in-progress		*
	Goodwill and other intangibles		*
			*
Deferred Charges and Other Assets
	Prepaid pension cost		*
	Deferred income taxes		*
	Other		*
			*
Total Assets			*
LIABILITIES AND OWNER'S EQUITY
Current Liabilities
	Accounts payable		*
	Interest accrued		*
	Taxes accrued		*
	Other		*
			*
Deferred Credits and Other Liabilities
	Pension and OPEB		*
	Deferred income taxes		*
	Derivative instruments		*
			*
Capitalization
	Common stock		*
	Additional paid-in capital		*
	Other comprehensive income		*
	Retained earnings		*
	Conectiv money pool loan		*
		Total capitalization	*
Total Capitalization and Liabilities			*
* Filed under request for confidential treatment pursuant to Rule 104(b) of the Public Utility Holding Company Act of 1935.

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Conectiv Energy Supply, Inc. Consolidated Statements of Income (Dollars in Thousands) (Unaudited)
		Six Months Ended June 30, 2002
OPERATING REVENUES
	Electric	*
	Gas	*
	Other	*
		*
OPERATING EXPENSES
	Electric fuel and purchased energy and capacity	*
	Gas purchased	*
	Cost of sales	*
	Operation and maintenance	*
	Depreciation and amortization	*
	Taxes other than income taxes	*
		*
OPERATING INCOME		*
OTHER INCOME		*
INTEREST EXPENSE		*
INCOME BEFORE INCOME TAXES		*
INCOME TAXES		*
NET INCOME		*
* Filed under request for confidential treatment pursuant to Rule 104(b) of the Public Utility Holding Company Act of 1935.