Pricing Supplement No. 2             Filed Pursuant to
Dated     3/26/97                    Rule 424(b)(2)
                                     Registration No. 333-23475


(To Prospectus dated March 21, 1997 and
Prospectus Supplement dated March 24, 1997)


$150,000,000
             ATLANTIC CITY ELECTRIC COMPANY      
Unsecured Medium Term Notes, S   eries A

                     Due from One Year to Thirty Years from Date of Issue





CUSIP No.:  04830RAB4
Interest Rate:      7.50%



Stated Maturity:     4/2/2007


Principal amount: 
$10,000,000
Issue date:          3/31/97


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


Selling Agent's commission:      
                  .60%
Initial redemption date:
     Redemption limitation date:
     Initial redemption price:     %
     Reduction percentage:    %


Proceeds to Company:  99.40        %



Selling Agent: 
Goldman, Sachs & Co. ___
First Chicago Capital 
Markets, Inc.    
Lehman Brothers  X 



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.