-----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, GB8tC2GPVT8j+cueFKM7EwkPcG1V5e+i+dM6YBnweKtWWdbhCsh+mN1oPC18zDpq MxHNcgYD7GKKzLNqHzVIuQ== 0000893220-98-001399.txt : 19980824 0000893220-98-001399.hdr.sgml : 19980824 ACCESSION NUMBER: 0000893220-98-001399 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980821 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONECTIV INC 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: SEC FILE NUMBER: 070-09095 FILM NUMBER: 98695617 BUSINESS ADDRESS: STREET 1: 800 KING STREET P O BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 3024293448 MAIL ADDRESS: STREET 1: 800 KING ST STREET 2: P O BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19801 35-CERT 1 RULE 24 CONECTIV AND SUBSIDIARIES 1 Filed with the Securities and Exchange Commission on August 21, 1998 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - ------------------------------------- In the Matter of INTERIM CERTIFICATE Conectiv and Subsidiaries OF File No. 70-9095 NOTIFICATION (Public Utility Holding Company PURSUANT TO RULE 24 Act of 1935) - ------------------------------------- This Certificate of Notification is filed by Conectiv, a Delaware corporation, pursuant to Rule 24 (18 C.F.R. Section 250.24). Such filing is made in connection with Conectiv's Form U-1 Application-Declaration, as amended (the "Application-Declaration"), and authorized by the order (the "Order") of the Securities and Exchange Commission (the "Commission") dated February 26,1998, in the above-referenced file. The Order directed that Conectiv file with the Commission quarterly certificates pursuant to Rule 24 within 60 days after each of the first three calendar quarters and within 90 days after the last calendar quarter. This certificate reports transactions from the period April 1, 1998 through June 30, 1998. Capitalized terms not otherwise defined herein have the meaning ascribed in the Application-Declaration. 1. Conectiv Common Stock issued during period (new issue shares only): None 2. Conectiv Common Stock issued pursuant to dividend reinvestment plans and Common Stock and options issued pursuant to benefit plans:
Common Stock # Of Shares Issued During Period Cumulative # Of Shares Issued - ------------ -------------------------------- ----------------------------- Dividend Reinvestment 0 0 Employee Benefit Plans 0 0
There were no awards or options issued under the Conectiv Incentive Compensation Plan during the period. There was no distribution of Conectiv shares during the period under the Conectiv Incentive Compensation Plan. To date awards under the employee benefit plans include 1,030,800 stock options and 50,200 shares of restricted stock. Note: Cumulative shares issued for dividend reinvestment plans cannot exceed 5 million shares; cumulative shares issued for employee benefit plans cannot exceed 5 million shares. 3. Conectiv Common Stock issued for acquisitions:
#Of Shares Issued During Period Value per Share Restricted (Y/N) - ------------------------------- --------------- ---------------- 0 N/A N/A
2 4. Conectiv Long-Term Debt issued during period: Note: The Commission has reserved jurisdiction over the issuance of long-term debt by Conectiv. 5. Short-Term Debt issued by Conectiv and Delmarva during period:
Balance at Period-End Weighted Average Cost Highest Daily Balance --------------------- --------------------- --------------------- Conectiv $202,500,000 6.14% $202,500,000 Delmarva 30,700,000 5.53% 39,600,000
Note: The aggregate daily balance of Conectiv and Delmarva cannot exceed $500 million; Delmarva's daily balance cannot exceed $275 million. 6. Interest rate risk management transactions during period by Conectiv and/or Utility Subsidiaries: No activity. 7. Utility Subsidiary financings during period: Delmarva: See Item 5 above. Note: Short-term and long-term financings by Atlantic Electric are exempt pursuant to Rule 52; long-term financings by Delmarva are exempt pursuant to Rule 52. 8. Non-utility financing during period not exempt pursuant to Rule 52: None. 9. Guarantees issued by Conectiv and Non-utility Subsidiaries during period:
ISSUER OF GUARANTEE ISSUED ON BEHALF OF AMOUNT TYPE OF GUARANTEE ------------------- ------------------- ------ ----------------- Conectiv Petron 100,000 Guarantee of vendor payments Conectiv Petron 600,000 Guarantee of vendor payments Conectiv Petron 20,000,000 Guarantee of Credit Agreement
As of the end of the period total guarantees by Conectiv are $85,584,149 and total guarantees by Non-Utility Subsidiaries are $10,595,000. Note: Guarantees by Conectiv cannot exceed $350 million; guarantees by Non-utility Subsidiaries cannot exceed $100 million. 3 10. Borrowings from System Money Pool during period: Borrowings by individual Non-Utility Subsidiaries did not exceed $25 million at any point during the period and are reported on Form U-6B-2 filed contemporaneously herewith. Delmarva did not participate in the Money Pool during this period. Jurisdiction was reserved over such participation pending completion of the record. 11. Forms U-6B-2 filed with Commission during period:
Filing Entity Date of Filing - ------------- -------------- ATE Investment August 21, 1998 Atlantic City Electric Company August 21, 1998 Atlantic Energy Enterprises, Inc. August 21, 1998 Conectiv Services, Inc. August 21, 1998 Delmarva Capital Investments, Inc. August 21, 1998 Conectiv Communications August 21, 1998
12. Financial Statements - Conectiv Balance Sheet (Incorporated by reference to the filing of Conectiv on Form 10-Q for the period ended June 30, 1998) - Delmarva Balance Sheet (Incorporated by reference to the filing of Delmarva on Form 10-Q for the period ended June 30, 1998) 13. Registration Statements filed pursuant to the Securities Act of 1933: Form S-8 for Conectiv Incentive Compensation Plan, Filed 4/14/98 4 SIGNATURE --------- Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned companies have duly caused this Certificate of Notification 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. CONECTIV DELMARVA POWER & LIGHT COMPANY CONECTIV ENERGY SUPPLY COMPANY DELMARVA CAPITAL INVESTMENTS, INC. CONECTIV SERVICES, INC. DCI I, INC. DCI II, INC. DCTC-BURNEY, INC. CHRISTIANA CAPITAL MANAGEMENT, INC. DELMARVA OPERATING SERVICES COMPANY POWER CONSULTING GROUP, INC. CONECTIV SOLUTIONS, LLC CONECTIV PLUMBING, LLC ATLANTIC CITY ELECTRIC COMPANY ATLANTIC ENERGY ENTERPRISES, INC. ATLANTIC ENERGY INTERNATIONAL, INC. ATLANTIC GENERATION, INC. ATLANTIC SOUTHERN PROPERTIES, INC. ATE INVESTMENT, INC. CONECTIV THERMAL SYSTEMS, INC. COASTAL COMM, INC. ATLANTIC ENERGY TECHNOLOGY, INC. BINGHAMTON GENERAL, INC. BINGHAMTON LIMITED, INC. PEDRICK LIMITED, INC. PEDRICK GENERAL, INC. VINELAND LIMITED, INC. VINELAND GENERAL, INC. ATLANTIC JERSEY THERMAL SYSTEMS, INC. ATS OPERATING SERVICES, INC. THE EARTH EXCHANGE, INC. ATLANTIC PAXTON COGENERATION, INC. PETRON OIL CORPORATION August 21, 1998 /s/ L. M. Walters ----------------- L. M. Walters Treasurer -----END PRIVACY-ENHANCED MESSAGE-----