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SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ___________________________
FORM T-1
STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE _____________________________________
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________ ____________________________________
JPMORGAN CHASE BANK (Exact name of trustee as specified in its charter)
New York (State of incorporation if not a national bank)			13-4994650 (I.R.S. employer identification No.)
270 Park Avenue New York, New York (Address of principal executive offices)			10017 (Zip Code)
William H. McDavid General Counsel 270 Park Avenue New York, New York 10017 Tel: (212) 270-2611 (Name, address and telephone number of agent for service) ________________________________________
DELMARVA POWER & LIGHT COMPANY (Exact name of obligor as specified in its charter)
Delaware & Virginia (State or other jurisdiction of incorporation or organization)			51-0084283 (I.R.S. employer identification No.)
800 King Street, P.O. Box 231 Wilmington, DE (Address of principal executive offices)			19899 (Zip Code)
________________________________________ Debt Securities (Title of the indenture securities) _______________________________________________________________________________
GENERAL
Item 1.   General Information.
Furnish the following information as to the trustee:
(a)      Name and address of each examining or supervising authority to which it is subject.
	New York State Banking Department, State House, Albany, New York 12110.
	Board of Governors of the Federal Reserve System, Washington, D.C., 20551
	Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.
	Federal Deposit Insurance Corporation, Washington, D.C., 20429.
(b)	Whether it is authorized to exercise corporate trust powers.
	Yes
Item 2.   Affiliations with the Obligor and Guarantors.
If the obligor or any Guarantor is an affiliate of the trustee, describe each such affiliation.
None.
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Item 16.  List of Exhibits
List below all exhibits filed as a part of this Statement of Eligibility.
1. A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001 in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.
3. None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.
7. A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 21st day of May, 2004.
		JPMORGAN CHASE BANK By    /s/ WILLIAM G. KEENAN                          William G. Keenan                      Vice President
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Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,

at the close of business December 31, 2003, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.

	ASSETS	Dollar Amounts     in Millions
Cash and balances due from depository institutions:
	Noninterest-bearing balances and currency and coin		$    19,429
	Interest-bearing balances		9,602
Securities:
Held to maturity securities			176
Available for sale securities			53,625
Federal funds sold and securities purchased under          agreements to resell
	Federal funds sold in domestic offices		26,067
	Securities purchased under agreements to resell		80,099
Loans and lease financing receivables:
	Loans and leases held for sale		20,359
	Loans and leases, net of unearned income           $163,864
	Less: Allowance for loan and lease losses                 3,151
	Loans and leases, net of unearned income and allowance		160,713
Trading Assets			197,197
Premises and fixed assets (including capitalized leases)			6,010
Other real estate owned			128
Investments in unconsolidated subsidiaries and            associated companies			828
Customers' liability to this bank on acceptances            outstanding			225
Intangible assets
	Goodwill		2,315
	Other Intangible assets		4,997
Other assets			46,892
TOTAL ASSETS			$628,662
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LIABILITIES
Deposits
	In domestic offices		$190,249
	Noninterest-bearing                                       $  74,112
	Interest-bearing                                               116,137
	In foreign offices, Edge and Agreement subsidiaries and IBF's		136,496
	Noninterest-bearing                                       $    6,355
	Interest-bearing                                               130,141
Federal funds purchased and securities sold under agree- ments to repurchase:
	Federal funds purchased in domestic offices		4,639
	Securities sold under agreements to repurchase		71,995
Trading liabilities			128,738
Other borrowed money (includes mortgage indebtedness          and obligations under capitalized leases)			23,496
Bank's liability on acceptances executed and outstanding			225
Subordinated notes and debentures			8,028
Other liabilities			26,985
TOTAL LIABILITIES			590,851
Minority Interest in consolidated subsidiaries			320
EQUITY CAPITAL
Perpetual preferred stock and related surplus			0
Common stock			1,785
Surplus (exclude all surplus related to preferred stock)			16,318
Retained earnings			19,590
Accumulated other comprehensive income			(202)
Other equity capital components			0
TOTAL EQUITY CAPITAL			37,491
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL			_______ $628,662
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I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
JOSEPH L. SCLAFANI
We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the in- structions issued by the appropriate Federal regulatory authority and is true and correct.
WILLIAM B. HARRISON JR. ) WILLIAM H. GRAY, III          ) HELENE L. KAPLAN         )		DIRECTORS
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