8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): May 8, 2003

                                  CONNECTIVCORP
              (Exact name of registrant as specified in its charter)


           Delaware                 333-70663             06-1529524
(State or Other Jurisdiction (Commission  File  Number) (I.R.S. Employer
     of  Incorporation)                                Identification  No.)


                        750 Lexington Avenue, 24th Floor
                            New York, New York 10022

           (Address of principal executive offices including zip code)

                                 (212) 750-5858

              (Registrant's telephone number, including area code)


                                      N.A.
                                      ----
          (Former name or former address, if changed since last report)






This Current Report on Form 8-K contains forward-looking statements. Such
statements are valid only as of the date hereof, and we disclaim any obligation
to update this information. These statements are subject to known and unknown
risks and uncertainties that may cause actual future experience and results to
differ materially from the statements made. These statements are based on our
current beliefs and expectations as to such future outcomes. Factors that might
cause such a material difference include, among others, factors described in our
filings with the Securities and Exchange Commission.

Item 5. Other Events.

On May 8, 2003, we announced that we terminated the previously announced
contribution agreement with certain shareholders of Aqua Development Corp. We
are currently exploring our rights and remedies relating to such termination.

A copy of the press release issued on May 8, 2003 announcing the termination of
the contribution agreement is attached hereto as Exhibit 99.1, which is
incorporated herein by reference. The foregoing description is qualified in its
entirety by reference to the full text of such exhibit.


Item 7. Financial Statements and Exhibits

(c) Exhibits.

Exhibit No.                Description

99.1                       Press Release issued by us, dated May 8, 2003.










                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                              CONNECTIVCORP
                              (Registrant)

Dated:   May 8, 2003           By:     /s/ Elliot Goldman
         -----------                   ---------------------------------------
                                       Elliot Goldman
                                       President and Chief Executive Officer









                                  EXHIBIT INDEX


Exhibit No.                Description

99.1                       Press Release issued by us, dated May 8, 2003.

EX-99.1

EXHIBIT 99.1

ConnectivCorp Terminates Contribution Agreement To Acquire Aqua
                        Development Corp.


NEW YORK--(BUSINESS WIRE)--May 8, 2003--ConnectivCorp (OTCBB:CTTV) announced
today that it had terminated the previously announced contribution agreement
pursuant to which it would have acquired 87.27% of the outstanding common stock
of Aqua Development Corp. ConnectivCorp is currently considering its rights and
remedies in connection with such termination.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995. This press release may contain forward-looking statements relating to
future performance and expectations within the meaning of such Act. Actual
results could be affected or differ materially from those statements and
expectations as a result of various factors including: the contribution
transaction may not be consummated; the businesses may not be successfully
integrated; and historical results may not be indicative of future performance
of the combined businesses.

More information about factors that potentially could affect ConnectivCorp's
financial results is included in ConnectivCorp's filings with the Securities and
Exchange Commission.

CONTACT:

ConnectivCorp
Robert S. Ellin, 212/750-5858