Exhibit 12.4

Atlantic City Electric Company

	Nine Months Ended September 30, 2009		For the Year Ended December 31,
			2008		2007		2006		2005		2004
	(millions of dollars)
Income from continuing operations	$	33	$	64	$	60	$	60	$	51	$	59
Income tax expense (a)		17		30		41		33		41		41
Fixed charges:
Interest on long-term debt, amortization of discount, premium and expense		52		64		66		65		60		62
Other interest		2		3		3		3		4		3
Total fixed charges		54		67		69		68		64		65
Income before extraordinary item, income tax expense, and fixed charges	$	104	$	161	$	170	$	161	$	156	$	165
Ratio of earnings to fixed charges		1.93		2.40		2.46		2.37		2.45		2.52
Total fixed charges, shown above		54		67		69		68		64		65
Preferred dividend requirements adjusted to a pre-tax amount		—		—		1		1		1		1
Total fixed charges and preferred dividends	$	54	$	67	$	70	$	69	$	65	$	66
Ratio of earnings to fixed charges and preferred dividends		1.93		2.40		2.44		2.35		2.43		2.50

(a) Concurrent with the adoption of FASB guidance on taxes (ASC 740) in 2007, amount includes interest on uncertain tax positions.