-----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, AxhIdiqb/57iWlMb9IQFc1wkkUWfevZX8IWg947l/2o4eb6YQqPOD9d2T6jSkY2K TwJiP9ax4P9G6h6tGMVO1g== 0000893220-99-001050.txt : 19990908 0000893220-99-001050.hdr.sgml : 19990908 ACCESSION NUMBER: 0000893220-99-001050 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990831 ITEM INFORMATION: FILED AS OF DATE: 19990907 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: 8-K SEC ACT: SEC FILE NUMBER: 001-13895 FILM NUMBER: 99706681 BUSINESS ADDRESS: STREET 1: 800 KING STREET 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELMARVA POWER & LIGHT CO /DE/ CENTRAL INDEX KEY: 0000027879 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 510084283 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01405 FILM NUMBER: 99706682 BUSINESS ADDRESS: STREET 1: 800 KING ST STREET 2: PO 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 8-K 1 FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTIONS 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 31, 1999
Commission Registrant, State of Incorporation I.R. S. Employer File Number Address and Telephone Number Identification Number ----------- ---------------------------------- --------------------- 1-13895 Conectiv (a Delaware Corporation) 51-0377417 800 King Street P.O. Box 231 Wilmington, Delaware 19899 Telephone (302) 429-3114 1-1405 Delmarva Power & Light Company 51-0084283 (a Delaware and Virginia Corporation) 800 King Street P.O. Box 231 Wilmington, Delaware 19899 Telephone (302) 429-3114
2 Item 5. OTHER EVENTS As previously reported by Conectiv and its subsidiary, Delmarva Power & Light Company ("Company"), on March 31, 1999, the governor of Delaware signed the Electric Utility Restructuring Act of 1999 (the "Act"). Pursuant to the requirements of the Act, on April 15, 1999, the Company submitted to the Delaware Public Service Commission (the "DPSC") a compliance plan for the implementation of retail choice in the Company's service area. On August 31, 1999, the DPSC issued its order with regard to the retail competition restructuring plan filed by the Company. The DPSC stated that a more detailed order would be issued at a later date. The DPSC order provides the following: 1) The DPSC approved the Company's proposed rate structure, thus permitting the Company to recover $16 million in stranded costs, and to reduce residential rates by 7.5%. 2) The DPSC ruled that the existing Code of Conduct remain in place, conditioned upon the requirement that a new code be litigated and in effect by the middle of the year 2000. 3) The DPSC approved, with minor modifications, the Company's proposed shopping credits and rejected proposals for higher shopping credits. 4) The DPSC order permits customers with demand below 300 kW to choose an alternative electric supplier and to switch back to the Company's default service without any time restrictions or price differential. Customers with demand above 300 kW who choose an alternative supplier and switch back to the Company's default service must either, at the customer's option, return to the Company's default service for a minimum of 12 months or pay market prices. 5) The DPSC addressed, among other matters, the elimination of several reporting requirements and technical issues around enrollment, switching and billing, subject to further proceedings in advance of full choice in October 2000. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONECTIV Delmarva Power & Light Company Date: September 7, 1999 /s/ Philip S. Reese ------------------------------ Treasurer -----END PRIVACY-ENHANCED MESSAGE-----