8-K

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):                April 19, 2005
ATLANTIC CITY ELECTRIC COMPANY                                       (Exact name of registrant as specified in its charter)
Delaware                (State or other jurisdiction         of incorporation)				001-03559      (Commission File Number)		21-0398280     (IRS Employer Identification No.)
800 King Street, P.O. Box 231,Wilmington, Delaware         (Address of principal executive offices)						19899                    (Zip Code)
Registrant's telephone number, including area code           (302) 429-3018
______________________________________________________________________________ (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[    ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[    ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[    ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[    ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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		Pepco Holdings, Inc. Form 8-K
Item 8.01		Other Events.
		Exhibit 99, attached hereto, is hereby incorporated by reference.
Item 9.01		Financial Statements and Exhibits.
		99	News Release of Pepco Holdings, Inc. and Atlantic City Electric Company dated April 19, 2005
SIGNATURES
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.
					ATLANTIC CITY ELECTRIC COMPANY                               (Registrant)
Date           April 19, 2005					/s/ JOSEPH M. RIGBY                              Name:        Joseph M. Rigby Title:     Chief Financial Officer
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EX-99

FOR IMMEDIATE RELEASE April 19, 2005 Media Contact: Betty Kennedy 609-625-5567 Investor Contact: Brian Shivery 302-429-3591
Atlantic City Electric Reaches Agreement on Rate Filing Proposed Rate change will have minimal impact on customers
Mays Landing, NJ -- Atlantic City Electric Company announced today that it has reached an agreement with all parties to the proceeding before the New Jersey Board of Public Utilities (BPU) on the utility's 2003 filing for an increase in base rates. Atlantic City Electric Company is a subsidiary of Pepco Holdings, Inc. (NYSE:POM). The parties have agreed to allow Atlantic City Electric Company to amend its tariffs to provide an increase in base rates for electric distribution service and recovery of a portion of previously deferred restructuring costs related to the New Jersey Electric Discount and Energy Competition Act. The settlement must be approved by the BPU before it can take effect.
If the settlement is approved by the BPU, residential customers using an average of 750 kilowatt hours of electricity a month will see their bills increase about 17 cents per month. Certain large power customers will see a slight decrease in their bills.
The settlement agreement will allow for an increase in Atlantic City Electric Company's base rates of approximately $18.8 million, $2.8 million of which would come in the form of a Regulatory Asset Recovery Charge. However, this increase in base rate revenue will be offset by a base rate revenue decrease in a similar amount in total resulting from a change in the depreciation technique similar to what has been adopted by the BPU for other New Jersey electric utility companies. Additionally, Atlantic City Electric Company will be allowed to recover approximately $116.8 million of deferred restructuring-related costs over four years, including a portion of the $25.4 million of costs previously considered in a prior filing
While the impact of this settlement will have a minimal impact to customers' rates and will be essentially revenue and cash neutral to Atlantic City Electric Company, the change will have a positive, annual, pre-tax earnings impact to Atlantic City Electric Company of approximately $20 million.
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Atlantic City Electric Company, a subsidiary of Pepco Holdings, Inc. (NYSE: POM), provides safe, reliable and affordable regulated electric service to more than 520,000 customers in southern New Jersey