Pricing Supplement No. 4
Dated:May 18, 1995                 

(To Prospectus dated June 16, 1994 and
Prospectus Supplement dated October 11, 1994)


                               $125,000,000
                      ATLANTIC CITY ELECTRIC COMPANY
                     First Mortgage Bonds, Designated
                    Secured Medium Term Notes, Series C

           Due from One Year to Thirty Years from Date of Issue



CUSIP No. 04830QBR0                Interest rate: 7.15% 

                                   Stated Maturity: 5/25/04 

Principal amount:$9,000,000.00     Issue date: 5/25/95

Issue price: 100% 
Redeemable by Regular Redemption: Yes ___  No  X   
                      In whole:  Yes ___  No ___
                      In part:   Yes ___  No ___

Selling Agent's commission:        .55%
Initial regular redemption date:             
Regular redemption limitation date:                    
Initial regular redemption price:            
Reduction percentage:                       %
Proceeds to Company: 99.45% 

Redeemable by Special Redemption:  Yes       No  X 
                    In whole:      Yes       No    
                    In part:       Yes       No    
                    Initial special redemption date:
                    Special redemption limitiation ate:
Selling Agent:       
Goldman, Sachs & Co.                     X 
Smith Barney,Harris Upham & Co. Inc.         
A. G. Edwards & Sons, Inc.                   

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY
OF THIS PRICING SUPPLEMENT OR THE ACCOMPANYING PROSPECTUS AND
PROSPECTUS SUPPLEMENT.  ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.