U-9C-3 1 formu9c3.htm QUARTERLY REPORT PURSUANT TO RULE 589 U

As Filed with the Securities
and Exchange Commission
on August 28, 2002
Contains Confidential Information
Filed pursuant to a request for
Confidential Treatment



U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-9C-3

QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

For the quarterly period ended June 30, 2002

Conectiv
Conectiv Energy Holding Company
ACE REIT, Inc.
(Name of Registered Holding Companies)

800 King Street
Wilmington, DE 19899
(Address of Principal Executives Offices)

 

Inquiries concerning this Form U-9C-3 may
be directed to:

Peter F. Clark
General Counsel
Conectiv
800 King Street
Wilmington, DE 19899
(302) 429-3069

 

 

 

Conectiv
FORM U-9C-3
For the Quarter Ended June 30, 2002

Table of Contents

Page

Item 1.

Organization Chart

1

Item 2.

Issuance and Renewals of Securities and Capital Contributions

1

Item 3.

Associated Transactions

2

Item 4.

Summary of Aggregate Investment

3

Item 5.

Other Investments

4

Item 6.

Financial Statements and Exhibits

4

SIGNATURE

5

Item 1. - ORGANIZATION CHART

       

Name of Reporting Company

Energy or Gas Related Company

State of Organization

Date of Organization

% of Voting Securities Held

Conectiv

       

   Conectiv Energy Holding Company

       

      Conectiv Energy Supply, Inc.

Energy related

DE

7/3/75

100

         Conectiv Operating Services Company

Energy related

DE

5/8/87

100

   Atlantic Generation, Inc.

Energy related

DE

10/9/86

100

      Vineland Limited, Inc.

Energy related

DE

8/24/90

100

         Vineland Cogen. Limited Partnership

Energy related

DE

9/27/90

50

      Vineland General, Inc.

Energy related

DE

8/24/90

100

      Pedrick Gen, Inc.

Energy related

DE

7/28/89

100

      Binghamton Limited, Inc.

Energy related

DE

5/2/90

100

      Binghamton General, Inc.

Energy related

DE

5/2/90

100

      Energy Investors Fund III, L.P.

Energy related

DE

 

4.9

   Conectiv Solutions LLC

       

      Conectiv Services, Inc.

       

         Conectiv Thermal Systems, Inc.

Energy related

DE

5/5/94

100

            ATS Operating Services, Inc.

Energy related

DE

3/31/95

100

            Atlantic Jersey Thermal Systems, Inc

Energy related

DE

5/10/94

100

            Thermal Energy L.P. I

Energy related

DE

 

100

      ATE Investment, Inc.

       

         King Street Assurance Ltd.

       

            Enertech Capital Partners, LP

Energy related

DE

8/9/96

94

            Enertech Capital Partners II, LP

Energy related

DE

4/14/00

 

   Conectiv Properties and Investments, Inc.

     

10

      DCTC-Burney, Inc.

Energy related

DE

6/26/87

100

         Forest Products, L.P.

Energy related

DE

10/5/89

1

         Burney Forest Products

Energy related

CA

   

      UAH-Hydro Kennebec, L.P.

Energy related

NY

 

27.5

      Luz Solar Partners, Ltd., L.P.

Energy related

CA

 

4.8

   Tech Leaders II, L.P.

Energy related

DE

10/28/94

2.6

   SciQuest, Inc.

Energy related

DE

6/20/00

10.2

Item 2. - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS

ISSUANCES AND RENEWALS OF SECURITIES

Company Issuing Security

Company To Whom Security Was Issued

Type of Security Issued

Issue or Renewal

Amount of Securities During Period($)

Interest Rate (%)

Cumulative Amount of Securities ($)

Conectiv Resource Partners, Inc., Agent

Atlantic Generation, Inc.

Money Pool Advance

Issue

*

N/A

*

Conectiv Resource Partners, Inc., Agent

Conectiv Energy Supply, Inc.

Money Pool Advance

N/A

*

N/A

*

Note: Conectiv Resource Partners, Inc. serves as agent for the Conectiv System Money Pool.

CAPITAL CONTRIBUTIONS:

Company Contributing Capital

Company Receiving Capital

Amount During Period ($)

Cumulative Amount($)

Conectiv

Enertech Capital Partners, LP

*

*

Conectiv

Enertech Capital Partners II, LP

*

*

Conectiv

Enerval

*

*

Note: Enerval is no longer an active company.

* Confidential Treatment Requested

Item 3. - ASSOCIATED TRANSACTIONS

Part I. - Transactions performed by reporting companies on behalf of associate companies.

Reporting Company Rendering Services

Associate Company Receiving Services

Types of Services Rendered

Direct Costs Charged ($)

Indirect Costs Charged ($)

Total Amount Billed ($)

Conectiv Operating Services Company

Conectiv Thermal, Inc.

Operating and Maintenance Services

*

 

*

ATS Operating Services, Inc

Conectiv Operating Services Company

Labor

*

*

Conectiv Operating Services Company

Conectiv Bethlehem LLC

Operating and Maintenance Services

*

*

Conectiv Operating Services Company

Conectiv Bethlehem LLC

Labor

*

*

Conectiv Energy Supply, Inc

Delmarva Power & Light Company

Power and Capacity

*

*

Conectiv Energy Supply, Inc

Conectiv Thermal, Inc.

Gas

*

*

Conectiv Energy Supply, Inc

Delmarva Power & Light Company

Power

*

*

*Confidential Treatment Requested

Part II - Transactions performed by associate companies on behalf of reporting companies.

Associate Company Rendering Services

Reporting Company Receiving Services

Types of Services Rendered

Direct Costs Charged ($)

Indirect Costs Charged ($)

Total Amount Billed ($)


Conectiv Delmarva Generation, Inc.


Conectiv Energy Supply, Inc.


Electric Energy, Capacity and Ancillary Services


*

 


*


Conectiv Atlantic Generation, L.L.C.


Conectiv Energy Supply, Inc.


Electric Energy, Capacity and Ancillary Services


*

 


*


Delmarva Power & Light Company


Conectiv Energy Supply, Inc.


PJM Expenses


*

 


*

Note: Conectiv Resource Partners, Inc., the service company for the Conectiv System, provides services to various reporting companies. Such information is reported on the annual Form U-13-60.


* Confidential Treatment Requested

Item 4. - SUMMARY OF AGGREGATE INVESTMENT

Investments in energy-related companies (in thousands):

Total consolidated capitalization as of June 30, 2002

$4,616,906

Line 1


Total capitalization multiplied by 15%
               (Line 1 multiplied by 0.15)


692,536


Line 2

Greater of $50 million or line 2

$  692,536

Line 3

     

Total current aggregate investment:
(categorized by major line of energy-related business)
Energy-related business Category - Rule 58(b)(1)(ii) (1)
Energy-related business Category - Rule 58(b)(1)(v) (2)
Energy-related business Category - Rule 58(b)(1)(vi) (3)
Energy-related business Category - Rule 58(b)(1)(vii) (4)



*
*
*
*

 


Total current aggregate investment

*


Line 4


Difference between the greater of $50 million or 15% of
Capitalization and the total aggregate investment of the
registered holding company system (line 3 less line 4)



*



Line 5

*Confidential Treatment Requested

(1)

Rule 58 defines category "ii" as the development and commercialization of electrotechnologies related to energy conservation, storage and conversion, energy efficiency, waste treatment, greenhouse gas reduction, and similar innovations.

(2)

Rule 58 defines category "v" as the brokering and marketing of energy commodities, including but not limited to electricity, natural or manufactured gas and other combustible fuels.

(3)

Rule 58 defines category "vi" as the production, conversion, sale and distribution of thermal energy products, such as process steam, heat, hot water, chilled water, air conditioning, compressed air and similar products; alternative fuels; and renewable energy resources; and the servicing of thermal energy facilities.

(4)

Rule 58 defines category "vii" as the sale of technical, operational, management, and other similar kinds of services and expertise, developed in the course of utility operations in such areas as power plant and transmission system engineering, development, design and rehabilitation; construction; maintenance and operation; fuel procurement, delivery and management; and environmental licensing, testing and redemption.


Investments in gas-related companies:

NONE

Item 5. - OTHER INVESTMENTS

Major Line of Energy-Related Business

Other Investment in Last U-9C-3 Report

Other Investment in this U-9C-3 Report

Reason for Difference in Other Investment

NONE

     

Item 6. - FINANCIAL STATEMENTS AND EXHIBITS

A

Financial Statements:

FS-1

Financial statements of Conectiv (incorporated by reference to the filing by Conectiv on Form 10-Q for the period ended June 30, 2002)

FS-2

Financial statements of Conectiv Energy Supply, Inc. and Subsidiary (confidential treatment requested)

FS-3

Financial statements of Atlantic Generation, Inc. and Subsidiaries (confidential treatment requested)

FS-4

Financial statements of Conectiv Thermal Systems, Inc. and Subsidiaries (confidential treatment requested)

FS-5

Financial statements of DTC-Burney, Inc. (confidential treatment requested)

B.

Exhibits:

 

B-2

Certificate of Conectiv

 

 

SIGNATURE


The undersigned registered holding company has duly caused this quarterly report to be signed on its behalf by the undersigned officer thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.












August 28, 2002

Conectiv



By:   Donna Kinzel
         Donna Kinzel
         Assistant Treasurer

 

 

 

Exhibit B-2

Certificate

I hereby certify that the Form U-9C-3 for Conectiv for the previous quarter has been provided to the state commissions listed below:

Delaware Public Service Commission
861 Silver Lake Boulevard
Cannon Building, Suite 100
Dover, DE 19904

Maryland Public Service Commission
6 St. Paul Centre, 16th Floor
Baltimore, MD 21202

Virginia State Corporation Commission
1300 E. Main Street
Tyler Building
Richmond, VA 23219

New Jersey Board of Public Utilities
Two Gateway Center
Newark, NJ 07102









Date:  August 28, 2002

CONECTIV


By:  /s/ Donna Kinzel
       Donna Kinzel
       Assistant Treasurer