EX-3 4 0004.txt EXHIBIT 3 OPINION OF COUNSEL Securities and Exchange Commission Office of Public Utility Regulation 450 Fifth Street, N.W. Washington, D.C. 20549 March 21, 2001 Re: Conectiv SEC File No. 70-________ Ladies and Gentlemen: In connection with the transactions proposed and described in the Declaration on Form U-1 filed with this Commission by Conectiv for the purpose of obtaining approval to solicit the proxies of the holders of its common stock and Class A common stock, to which this opinion is an exhibit, I wish to advise you as follows: I am of the opinion that Conectiv is a corporation validly organized and duly existing under the laws of Delaware, the state in which it was incorporated. I am further of the opinion that, in the event that the proposed transactions are consummated in accordance with said Application or Declaration: (a) all state laws applicable to the proposed transactions will have been complied with; and (b) consummation of the proposed transactions will not violate the legal rights of the holders of any securities issued by Conectiv or any associate company thereof. I hereby consent to the filing of this opinion as an exhibit to the above- mentioned Application or Declaration, as amended. Very truly yours, /s/ Peter F. Clark, Esq. Vice President, Secretary and General Counsel