-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CZww/IUjdTV+t8ML9B2VWAmzINI8JdoT32Aqgyu98ZODaT2JJgTjhck4mCxInpw/ CHyvEFQH3oFf9tOoPj/zAA== 0000008192-96-000006.txt : 19960301 0000008192-96-000006.hdr.sgml : 19960301 ACCESSION NUMBER: 0000008192-96-000006 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960229 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLANTIC CITY ELECTRIC CO CENTRAL INDEX KEY: 0000008192 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 210398280 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00003 FILM NUMBER: 96528397 BUSINESS ADDRESS: STREET 1: 6801 BLACK HORSE PIKE CITY: PLEASANTVILLE STATE: NJ ZIP: 08232 BUSINESS PHONE: 6096454100 MAIL ADDRESS: STREET 1: PO BOX 1264 CITY: PLEASANTVILLE STATE: NJ ZIP: 08232 U-3A-2 1 Commission File No. 1-3559 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM U-3A-2 STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM THE PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 To be filed annually prior to March 1 ATLANTIC CITY ELECTRIC COMPANY Name of Company Hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935 and submits the following information: 1. Name, State of organization, location and nature of business of claimant and every subsidiary thereof, other than any exempt wholesale generator (EWG) or foreign utility company in which claimant directly or indirectly holds an interest. Atlantic City Electric Company ("Claimant"), organized under the laws of New Jersey on April 28, 1924, has its principal office at 6801 Black Horse Pike, Egg Harbor Township, New Jersey 08234-4130. Claimant is engaged principally in the business of furnishing electric service (involving generation, purchase, interchange, transmission and distribution of electric energy) to the public throughout the southern part of New Jersey. It serves an area having an estimated population exceeding 1,000,000. Claimant is a wholly-owned subsidiary of Atlantic Energy, Inc. (A) Deepwater Operating Company ("Deepwater"), organized under the laws of New Jersey on December 17, 1929, has its principal offices at 6801 Black Horse Pike, Egg Harbor Township, New Jersey 08234- 4130. Deepwater operates the Deepwater Generating Station which is owned by Claimant and located in Salem County, New Jersey. Deepwater is a wholly- owned subsidiary of Claimant. 2. A brief description of the properties of claimant and each of its subsidiary public utility companies used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas, indicating the location of principal generating plants, transmission lines, producing fields, gas manufacturing plants and electric and gas distribution facilities, including all such properties which are outside the State in which claimant and its subsidiaries are organized and all transmission or pipelines which deliver or receive electric energy or gas at the borders of such State. The principal New Jersey properties of Claimant used for the generation, transmission and distribution of electric energy for sale consist of two steam electric generating stations: (1) B.L. England Generating Station, a station of 452 MW capacity located in Cape May County. (2) Deepwater Generating Station, a 239 MW capacity station located in Salem County and Seven combustion turbine stations: (1) Missouri Ave. Station, a 60 MW capacity station located in Atlantic County. (2) Middle Station, a 77 MW capacity station located in Cape May County. (3,4,5) Carlls Corner Station (73 MW), Cumberland Station (84 MW), and Sherman Ave.Station (81 MW), all located in Cumberland County. (6) Mickleton Station, a 59 MW capacity station located in Gloucester County. (7) Cedar Station, a 68 MW capacity station located in Ocean County. The Claimant also owns and maintains forty-four transmission, has an interest in one transmission and owns and maintains sixty-five distribution substations as well as 11,659 transmission or distribution tower, pole, and underground miles located throughout its service territory which includes all of Atlantic, Cape May,Cumberland, and Salem Counties and portions of Burlington, Camden, Gloucester, and Ocean Counties. In addition to the New Jersey properties, Claimant owns or has ownership interests in the following: (1) A generating station of 1,700 MW capacity (Keystone Generating Station), located in Armstrong County, Pennsylvania, of which Claimant owns a 2.47% undivided interest as tenant in common with the following: Baltimore Gas and Electric Company Delmarva Power and Light Company Jersey Central Power and Light Company Pennsylvania Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Public Service Electric and Gas Company (2) A generating station of 1,700 MW capacity (Conemaugh Steam Electric Station), located in Indiana County, Pennsylvania, of which Claimant owns a 3.83% undivided interest as tenant in common with the following: Baltimore Gas and Electric Company Delmarva Power and Light Company Metropolitan Edison Company Pennsylvania Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Potomac Electric Power Company Public Service Electric and Gas Company The United Gas Improvement Company (3) An extra-high-voltage transmission line (Conemaugh- Conastone), of which Claimant owns an 8% undivided interest as tenant in common of that portion of the line traversing through 10 counties of Pennsylvania with the following: Baltimore Gas and Electric Company Delmarva Power and Light Company Metropolitan Edison Company Pennsylvania Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Potomac Electric Power Company Public Service Electric and Gas Company The United Gas Improvement Company (4) A nuclear generating station of 2,128 MW capacity (Peach Bottom Atomic Power Station), located in York County, Pennsylvania, of which Claimant owns a 7.51% undivided interest as tenant in common with the following: Delmarva Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Public Service Electric and Gas Company (5) A nuclear generating station of 2,212 MW capacity (Salem Nuclear Generating Station), located in Salem County, New Jersey, of which Claimant owns a 7.41% undivided interest as tenant in common with the following: Delmarva Power and Light Company Philadelphia Electric Company (Now PECO Energy Company) Public Service Electric and Gas Company (6) A nuclear generating station of 1,031 MW capacity (Hope Creek Nuclear Generating Station), located in Salem County, New Jersey, of which Claimant owns a 5% undivided interest as tenant in common with Public Service Electric and Gas Company. (7) Claimant owns a transmission line extending from Mantua Creek to the New Jersey-Pennsylvania border at the Delaware River, a distance of 9.7 miles, by means of which electric energy and capacity is interchanged (not sold or purchased) at the border of said states under an interconnection agreement between Claimant, Philadelphia Electric Company, now PECO Energy Company and Public Service Electric and Gas Company. Claimant owns as tenants in common a transmission line and switching station extending from Hope Creek Nuclear Generating Station to the New Jersey-Delaware border, a distance of 13 miles, by means of which electric energy and capacity is interchanged (not sold or purchased) under a transmission system agreement between Delmarva Power and Light Company, Jersey Central Power and Light Company, Philadelphia Electric Company, Public Service Electric and Gas Company and Claimant. Deepwater Deepwater, a wholly-owned subsidiary of Claimant, owns no utility plant. It operates generating units owned by Claimant. 3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies: FOR YEAR 1995 (A) Number of kwh. of electric energy sold (at retail or wholesale), and Mcf. of natural or manufactured gas distributed at retail. Claimant - 9,741,647,000 kwh. Deepwater - None (B) Number of kwh. of electric energy and Mcf. of natural or manufactured gas distributed at retail outside the State in which each such company is organized. Claimant - None Deepwater - None (C) Number of kwh. of electric energy and Mcf. of natural or manufactured gas sold at wholesale outside the State in which each such company is organized, or at the State line. Claimant - 335,284,000 kwh. (a) Deepwater - None (a) kwh excludes 151,944,000 kwh sold to power brokers, ultimate destination unknown. (D) Number of kwh. of electric energy and Mcf. of natural or manufactured gas purchased outside the State in which each such company is organized, or at the State line. Claimant - 2,330,757,000kwh. (b) Deepwater - None (b)kwh excludes 428,719,000 kwh purchased from power brokers, original sources not determinable. In 1995 Claimant received 563,244,000 interchanged energy and delivered 1,201,506,000 kwh. of interchanged energy pursuant to arrangements mentioned above. In 1995, Deepwater, as operator of the Deepwater Generating Station at Deepwater, New Jersey, delivered to Claimant, the owner of that station, 489,474,000 kwh. of electric energy. 4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars: Claimant holds no interest, either directly or indirectly, in an EWG or a foreign utility company. (A) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas. Non-applicable. (B) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held. Non-applicable. (C) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company. Non-applicable. (D) Capitalization and earnings of the EWG or foreign utility company during the reporting period. Non-applicable. (E) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s). Non-applicable. EXHIBIT A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year. A consolidating statement of income and retained earnings of the Claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of Claimant and its subsidiary companies as of the close of December 31, 1995 are attached hereto and made a part hereof. EXHIBIT B If, at the time a report on this form is filed, the registrant is required to submit this report and any amendments thereto electronically via EDGAR, the registrant shall furnish a Financial Data Schedule. The schedule shall set forth the financial and other data specified below that are applicable to the registrant on a consolidated basis. Item No. Caption Heading (thousands of dollars) 1 Total Assets 2,467,645 2 Total Operating Revenues 953,779 4 Net Income 98,752 EXHIBIT C An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding-company system. Non-applicable. The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 28th day of February, 1996. ATLANTIC CITY ELECTRIC COMPANY By:/s/ J. E. Franklin, II J. E. Franklin, II Senior Vice President,Secretary & General Counsel CORPORATE SEAL ATTEST: /s/ Alfred J. Vola Alfred J. Vola Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: J. E. Franklin, II Senior Vice President,Secretary & General Counsel Atlantic City Electric Company 6801 Black Horse Pike Egg Harbor Township, New Jersey 08234-4130 200u1.wpd EX-99 2 Exhibit #99 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Atlantic City Electric Co. ASSETS Electric Utility Plant: In Service $2,429,176 Less Accumulated Depreciation 794,479 Net 1,634,697 Construction Work in Progress 119,270 Land Held for Future Use 6,941 Leased Property-Net 40,878 Electric Utility Plant-Net 1,801,786 Investment in Subsidiary Company 3,620 Nuclear Decommissioning Trust Fund 61,802 Nonutility Property 50 Other Investments and Funds 2,027 Total Nonutility Property and Investments 67,499 Current Assets: Cash and Temporary Investments 3,950 Accounts Receivable: Utility Service 66,099 Miscellaneous 15,910 Allowance for Doubtful Accounts (3,300) Accounts Receivable-Associated Companies 2,027 Unbilled Revenues 41,515 Fuel (at average cost) 25,459 Materials and Supplies (at average cost) 22,441 Working Funds 14,419 Other Prepayments 20,106 Deferred Income Taxes 8,433 Deferred Energy Costs 31,434 Total Current Assets 248,493 Deferred Debits: Unrecovered Purchased Power Costs 99,817 Recoverable Federal Income Taxes 85,858 Unrecovered State Excise Taxes 64,274 Unamortized Debt Costs 38,924 Other Regulatory Assets 52,029 Other 8,965 Total Deferred Debits 349,867 Total Assets $2,467,645 Page 1 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Atlantic City Electric Co. LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 54,963 Premium on Capital Stock 231,081 Contributed Capital 262,762 Capital Stock Expense (2,131) Retained Earnings 252,484 Total Common Equity 799,159 Preferred Stock: Not Subject to Mandatory Redemption 40,000 Subject to Mandatory Redemption 114,750 Long Term Debt 802,356 Total Capitalization (Excluding Current Portion) 1,756,265 Current Liabilities: Preferred Stock Redemption Requirement 22,250 Capital Lease Obligations due within one year 650 Long Term Debt - Current Portion 12,247 Short Term Debt 30,545 Accounts Payable 60,714 Advances - Associated Companies - Taxes Payable-Affiliates 12,929 Taxes Accrued 3,367 Interest Accrued 19,961 Dividends Declared 23,490 Deferred Taxes 11,002 Employees Separation Costs 7,488 Other 16,451 Total Current Liabilities 221,094 Deferred Credits and Other Liabilities: Deferred Income Taxes 354,218 Deferred Income Tax Credits 49,112 Capital Lease Obligations 40,227 Other 46,729 Total Deferred Credits and Other Liabilities 490,286 Total Liabilities and Capitalization $2,467,645 Page 2 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Deepwater Operating Company ASSETS Electric Utility Plant: In Service $ - Less Accumulated Depreciation - Net - Construction Work in Progress - Land Held for Future Use - Leased Property-Net - Electric Utility Plant-Net - Investment in Subsidiary Company - Nuclear Decommissioning Trust Fund - Nonutility Property - Other Investments and Funds - Total Nonutility Property and Investments - Current Assets: Cash and Temporary Investments 37 Accounts Receivable: Utility Service - Miscellaneous 107 Allowance for Doubtful Accounts - Accounts Receivable-Associated Companies 1,355 Unbilled Revenues - Fuel (at average cost) - Materials and Supplies (at average cost) 2,993 Working Funds 1 Other Prepayments 896 Deferred Income Taxes - Deferred Energy Costs - Total Current Assets 5,389 Deferred Debits: Unrecovered Purchased Power Costs - Recoverable Federal Income Taxes - Unrecovered State Excise Taxes - Unamortized Debt Costs - Other Regulatory Assets 2,539 Other 406 Total Deferred Debits 2,945 Total Assets $ 8,334 Page 3 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Deepwater Operating Company LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 1 Premium on Capital Stock - Contributed Capital - Capital Stock Expense - Retained Earnings - Total Common Equity 1 Preferred Stock: Not Subject to Mandatory Redemption - Subject to Mandatory Redemption - Long Term Debt - Total Capitalization (Excluding Current Portion) 1 Current Liabilities: Preferred Stock Redemption Requirement - Capital Lease Obligations due within one year - Long Term Debt - Current Portion - Short Term Debt - Accounts Payable 117 Advances-Associated Companies 3,619 Accounts Payable-Associated Companies 665 Taxes Payable-Affiliates - Taxes Accrued 15 Interest Accrued - Dividends Declared - Deferred Taxes - Employees Separation Costs - Other 704 Total Current Liabilities 5,120 Deferred Credits and Other Liabilities: Deferred Income Taxes - Deferred Income Tax Credits - Capital Lease Obligations - Other 3,213 Total Deferred Credits and Other Liabilities 3,213 Total Liabilities and Capitalization $ 8,334 Page 4 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Elimination & Reclass Entries Debit (Credit) ASSETS Electric Utility Plant: In Service $ - Less Accumulated Depreciation - Net - Construction Work in Progress - Land Held for Future Use - Leased Property-Net - Electric Utility Plant-Net - Investment in Subsidiary Company (3,620) Nuclear Decommissioning Trust Fund - Nonutility Property - Other Investments and Funds - Total Nonutility Property and Investments (3,620) Current Assets: Cash and Temporary Investments - Accounts Receivable: Utility Service - Miscellaneous - Allowance for Doubtful Accounts - Accounts Receivable-Associated Companies (2,020) Unbilled Revenues - Fuel (at average cost) - Materials and Supplies (at average cost) - Working Funds - Other Prepayments - Deferred Income Taxes (8,433) Deferred Energy Costs - Total Current Assets (10,453) Deferred Debits: Unrecovered Purchased Power Costs - Recoverable Federal Income Taxes - Unrecovered State Excise Taxes - Unamortized Debt Costs - Other Regulatory Assets - Other 1 Total Deferred Debits - 1 Total Assets $ (14,072) Page 5 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Elimination & Reclass Entries Debit (Credit) LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 1 Premium on Capital Stock - Contributed Capital - Capital Stock Expense - Retained Earnings - Total Common Equity 1 Preferred Stock: Not Subject to Mandatory Redemption - Subject to Mandatory Redemption - Long Term Debt - Total Capitalization (Excluding Current Portion) 1 Current Liabilities: Preferred Stock Redemption Requirement - Capital Lease Obligations due within one year - Long Term Debt - Current Portion Short Term Debt - Accounts Payable - Advances-Associated Companies 3,619 Accounts Payable-Associated Companies 2,020 Taxes Payable-Affiliates - Taxes Accrued - Interest Accrued - Dividends Declared - Deferred Taxes 8,433 Employees Separation Costs - Other (1) Total Current Liabilities 14,071 Deferred Credits and Other Liabilities: Deferred Income Taxes - Deferred Income Tax Credits - Capital Lease Obligations - Other - Total Deferred Credits and Other Liabilities - Total Liabilities and Capitalization $ 14,072 Page 6 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Atlantic City Electric Co. Consol. ASSETS Electric Utility Plant: In Service $2,429,176 Less Accumulated Depreciation 794,479 Net 1,634,697 Construction Work in Progress 119,270 Land Held for Future Use 6,941 Leased Property-Net 40,878 Electric Utility Plant-Net 1,801,786 Investment in Subsidiary Company - Nuclear Decommissioning Trust Fund 61,802 Nonutility Property 50 Other Investments and Funds 2,027 Total Nonutility Property and Investments 63,879 Current Assets: Cash and Temporary Investments 3,987 Accounts Receivable: Utility Service 66,099 Miscellaneous 16,017 Allowance for Doubtful Accounts (3,300) Accounts Receivable-Associated Companies 1,362 Unbilled Revenues 41,515 Fuel (at average cost) 25,459 Materials and Supplies (at average cost) 25,434 Working Funds 14,420 Other Prepayments 21,002 Deferred Income Taxes - Deferred Energy Costs 31,434 Total Current Assets 243,429 Deferred Debits: Unrecovered Purchased Power Costs 99,817 Recoverable Federal Income Taxes 85,858 Unrecovered State Excise Taxes 64,274 Unamortized Debt Costs 38,924 Other Regulatory Assets 54,568 Other 9,372 Total Deferred Debits 352,813 Total Assets $2,461,907 Page 7 of 8 Atlantic City Electric Company and Subsidiary Consolidating Balance Sheet December 31, 1995 (thousands of dollars) Atlantic City Electric Co. Consol. LIABILITIES & CAPITALIZATION: Capitalization: Common Equity: Common Stock $ 54,963 Premium on Capital Stock 231,081 Contributed Capital 262,762 Capital Stock Expense (2,131) Retained Earnings 252,484 Total Common Equity 799,159 Preferred Stock: Not Subject to Mandatory Redemption 40,000 Subject to Mandatory Redemption 114,750 Long Term Debt 802,356 Total Capitalization (Excluding Current Portion) 1,756,265 Current Liabilities: Preferred Stock Redemption Requirement 22,250 Capital Lease Obligations due within one year 650 Long Term Debt - Current Portion 12,247 Short Term Debt 30,545 Accounts Payable 60,831 Advances-Associated Companies - Accounts Payable-Associated Companies - Taxes Payable-Affiliates 11,574 Taxes Accrued 3,382 Interest Accrued 19,961 Dividends Declared 23,490 Deferred Taxes 2,569 Employees Separation Costs 7,488 Other 17,156 Total Current Liabilities 212,143 Deferred Credits and Other Liabilities: Deferred Income Taxes 354,218 Deferred Income Tax Credits 49,112 Capital Lease Obligations 40,227 Other 49,942 Total Deferred Credits and Other Liabilities 493,499 Total Liabilities and Capitalization $2,461,907 Page 8 of 8 Atlantic City Electric Company and Subsidiary Consolidating Statement of Income December 31, 1995 (thousands of dollars) Atlantic City Electric Co. Operating Revenues-Electric $ 953,779 Operating Expenses: Energy 191,766 Purchased Capacity 190,570 Operations 152,277 Maintenance 34,414 Depreciation and Amortization 78,461 State Excise Taxes 102,811 Federal Income Taxes 45,876 Other Taxes 8,677 Reimbursed Expenses* - Total Operating Expenses 804,852 Total Operating Income and Expense 148,927 Other Income and Expense: AFDC Equity Funds 817 Miscellaneous Income-Net 10,208 Total Other Income and Expense 11,025 Income Before Interest Charges 159,952 Interest Charges: Interest on Long Term Debt 60,329 Other Interest Expense 2,550 Total Interest Charges 62,879 Allowance for Borrowed Funds Used During Construction (1,679) Net Interest Charges 61,200 Preferred Dividends of Subsidiaries - Net Income $ 98,752 * The net production costs of Deepwater Operating Company are charged to the Company. These costs are included in the Company's income accounts and classified as appropriate. Page 1 of 2 Atlantic City Electric Company and Subsidiary Consolidating Statement of Income December 31, 1995 (thousands of dollars) Deepwater Operating Company Operating Revenues-Electric $ - Operating Expenses: Energy 11,105 Purchased Capacity - Operations 6,310 Maintenance 2,500 Depreciation and Amortization - State Excise Taxes - Federal Income Taxes - Other Taxes 931 Reimbursed Expenses* (20,846) Total Operating Expenses - Total Operating Income and Expense - Other Income and Expense: AFDC Equity Funds - Miscellaneous Income-Net - Total Other Income and Expense - Income Before Interest Charges - Interest Charges: Interest on Long Term Debt - Other Interest Expense - Total Interest Charges - Allowance for Borrowed Funds Used During Construction - Net Interest Charges - Preferred Dividends of Subsidiaries - Net Income $ - Page 2 of 2 EX-27 3 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR3 0000008192 ATLANTIC CITY ELECTRIC CO. 1,000 YEAR DEC-31-1995 DEC-31-1995 PER-BOOK 2,461,907 953,779 98,752
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