8-K

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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OF 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of  Report (Date of earliest event reported):   December 29, 2000

Commission       Registrant, State of Incorporation     I.R.S. Employer
File Number      Address and Telephone Number           Identification  Number

1-1405           Delmarva Power & Light Company         51-0084283
                 (a Delaware and Virginia
                 Corporation)
1-3559           Atlantic City Electric Company         21-0398280
                 (A New Jersey Corporation)

                 800 King Street
                 P. O. Box 231
                 Wilmington, Delaware 19899
                 Telephone: (302) 429-3114




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Item 5 Other Information

As previously disclosed in Note 13 to the Consolidated Financial Statements
included in Item 8 of Part II of Conectiv's 1999 Annual Report on Form 10-K and
in Note 4 to the Consolidated Financial Statements included in Item 1 of Part I
of Conectiv's Quarterly Report on Form 10-Q for the period ended September 30,
2000, Delmarva Power & Light Company (DPL) and Atlantic City Electric Company
(ACE) previously entered into agreements to sell certain electric generating
plants. Pursuant to agreements with PSEG Power LLC (a subsidiary of Public
Service Enterprise Group Incorporated) and PECO Energy Company (PECO) for the
sale of ownership interests in nuclear electric generating plants, DPL sold its
7.51% interest (representing 164 megawatts of capacity) in Peach Bottom and its
7.41% interest (representing 167 megawatts of capacity) in Salem on December 29,
2000 for approximately $9.2 million. Also, DPL received proceeds for the net
book value of nuclear fuel on hand and used such proceeds to repay in part the
related lease obligation. In accordance with the agreements, DPL transferred its
decommissioning trust funds and related obligation for decommissioning the
nuclear plants to the purchasers.

As previously disclosed in Note 13 to the Consolidated Financial Statements
included in Item 8 of Part II of Conectiv's 1999 Annual Report on Form 10-K and
in Note 8 to the Consolidated Financial Statements included in Item 1 of Part I
of Conectiv's Quarterly Report on Form 10-Q for the period ended September 30,
2000, the New Jersey Board of Public Utilities (NJBPU) issued a Summary Order to
ACE in July 1999 concerning restructuring ACE's electricity supply business,
including among other things, stranded cost recovery and securitization, and
indicated that a more detailed order would be issued at a later time. Issuance
of the NJBPU's final restructuring order to ACE has been delayed due to appeals
of the NJBPU's final restructuring and securitization orders for Public Service
Electric & Gas Company (PSE&G).

As previously disclosed in Note 13 to the Consolidated Financial Statements
included in Item 8 of Part II of Conectiv's 1999 Annual Report on Form 10-K and
in Note 4 to the Consolidated Financial Statements included in Item 1 of Part I
of Conectiv's Quarterly Report on Form 10-Q for the period ended September 30,
2000, consummation of the sales of the nuclear and nonstrategic baseload fossil
fuel fired electric generating plants is subject to the receipt of required
regulatory approvals, including the approval of the NJBPU. Appeals of the
NJBPU's final restructuring and securitization orders concerning PSE&G have
resulted in a delay of the issuance of certain approvals and orders by the NJBPU
and, consequently, a delay in the closing of the sale of certain of the electric
generating units, including ACE's ownership interests in nuclear electric
generating plants.

On December 6, 2000, the New Jersey Supreme Court affirmed the judgment of the
New Jersey Superior Court Appelate Division which had affirmed the NJBPU's final
restructuring and securitization orders concerning PSE&G. Management currently
expects the sales of ACE's nuclear and fossil, and DPL's fossil, electric
generating plants to take place during 2001. However, management cannot predict
the timing or outcome of any appeals of the New Jersey Supreme Court decision,
the timing of the issuance of required NJBPU approvals, the timing or outcome of
appeals, if any, of such approvals, the effect of any of the foregoing on the
ability of ACE or DPL to consummate the sales of various electric generating
plants, or the impact of any of the foregoing on ACE's ability to recover or
securitize any related stranded costs.

Conectiv issued a press release on January 4, 2001 relating to DPL's sale of its
ownership interests in the Peach Bottom and Salem nuclear electric generating
plants, a copy of which is attached hereto as an exhibit and incorporated by
reference in its entirety herein.


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Item 7   Financial Statements, ProForma Financial Information and Exhibits

         See Exhibit Index attached hereto




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                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       DELMARVA POWER & LIGHT COMPANY
                                       ATLANTIC CITY ELECTRIC COMPANY


                                       By:
                                          -----------------------------------
                                            Philip S. Reese
                                            Vice President and Treasurer



Date:  January 8, 2001



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                                  Exhibit Index

Exhibit No.

    99         Press Release dated January 4, 2001 in connection with sales
               of nuclear interests by Delmarva Power & Light Company

EX-99

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FOR IMMEDIATE RELEASE
                                                               [CONECTIV LOGO]
January 4, 2001

Media Contact:
Tim Brown (302) 283-5803
Investor Contact:
Bob Marshall (302) 429-3114

             CONECTIV SUBSIDIARY COMPLETES SALE OF NUCLEAR INTERESTS
                         TO PSEG NUCLEAR AND PECO ENERGY

         Wilmington, Delaware - Conectiv (NYSE:CIV, CIVA), a leading Mid
Atlantic energy provider, today announced that its wholly owned subsidiary,
Delmarva Power & Light Company (Delmarva), had completed the sale of its
ownership interests in two nuclear plants to PSEG Nuclear LLC (PSEG) and PECO
Energy Company (PECO). The ownership interests were sold for approximately $9.2
million, excluding reimbursement of estimated fuel inventory, subject to
adjustment. As a result of the sale, the following interests in nuclear
generation assets, comprising all of Delmarva's nuclear interests, were
transferred:

         o        A 7.51-percent interest (164 megawatts) in the Peach Bottom
                  Atomic Power Station Units 2 and 3 (Peach Bottom) was sold in
                  equal shares to co-owners PSEG and PECO, each of which, prior
                  to the sale, owned about 43% of Peach Bottom. PECO is the
                  operator of that facility.

         o        A 7.41-percent interest (167 megawatts) in the Salem Nuclear
                  Generation Station Units 1 and 2 (Salem) was sold to PSEG
                  Nuclear, an indirect subsidiary of Public Service Enterprise
                  Group Incorporated. PSEG Nuclear is the operator of Salem and,
                  prior to the sale, owned about 43% of that facility.

         PSEG Nuclear and PECO have also assumed full responsibility for the
ultimate decommissioning of Delmarva's interests in Peach Bottom and Salem.

         Conectiv President and Chief Operating Officer Thomas Shaw said the
sale is consistent with the company's strategy of focusing on the "mid-merit"
generation market within the PJM power pool. Shaw said, "At the same time we are
selling baseload nuclear power plants that do not fit our strategy, we are
building new, fast-response generation units that will meet the region's need
for power. By focusing on the area where we have a competitive advantage, we can
drive growth and value for our shareholders."

                                   ---#####---

Conectiv, a Fortune 500 company headquartered in Wilmington, DE, is focused on
two core energy businesses. Conectiv Power Delivery provides safe, reliable, and
affordable energy service to more than one million customers in New Jersey,
Delaware, Maryland, and Virginia. Conectiv Energy uses a sophisticated
power-trading unit to optimize the value of a growing portfolio of "mid-merit"
power plants that can start and stop quickly in response to changes in the
demand for power within the PJM [Pennsylvania-New Jersey-Maryland] power pool.