-----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, EeKuMmD7URTklWSld6CfiAoHUgH8YZdqfk/iZyqi41v5FvHwKbrD09nNkCWIVRIp uUv402i95gOabPE0cBQUSg== 0001193125-08-227965.txt : 20081106 0001193125-08-227965.hdr.sgml : 20081106 20081106162253 ACCESSION NUMBER: 0001193125-08-227965 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081106 DATE AS OF CHANGE: 20081106 SUBJECT COMPANY: 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: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-145691-01 FILM NUMBER: 081167427 BUSINESS ADDRESS: STREET 1: 800 KING STREET STREET 2: PO BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 BUSINESS PHONE: 6096454100 MAIL ADDRESS: STREET 1: 800 KING STREET STREET 2: PO BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 FILED BY: 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: FWP BUSINESS ADDRESS: STREET 1: 800 KING STREET STREET 2: PO BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 BUSINESS PHONE: 6096454100 MAIL ADDRESS: STREET 1: 800 KING STREET STREET 2: PO BOX 231 CITY: WILMINGTON STATE: DE ZIP: 19899 FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-145691-01

November 6, 2008

ATLANTIC CITY ELECTRIC

COMPANY

$250,000,000

First Mortgage Bonds, 7.75% Series due November 15, 2018

 

Issuer:

      Atlantic City Electric Company

Issue:

      First Mortgage Bonds, 7.75% Series due November 15, 2018

Ratings:*

      A3 (negative)/A- (stable)/A- (stable) (Moody’s/S&P/Fitch)

Offering Size:

      $250,000,000

Coupon:

      7.75%

Trade Date:

      November 6, 2008

Settlement Date:

      November 14, 2008 (T+5)

Stated Maturity:

      November 15, 2018

Initial Public Offering Price:

      99.541% per Bond

Proceeds to Issuer (before expenses):

      $247,227,500

Yield to Maturity:

      7.817%

Benchmark Treasury:

      4.000% due August 2018

Benchmark Treasury Yield:

      3.692%

Spread to Benchmark Treasury:

      + 412.5 bps

Optional Redemption:

      Make-whole call, 50 bps spread over U.S. Treasuries

Interest Payment Dates:

      May 15 and November 15 of each year, commencing on May 15, 2009

CUSIP Number:

      048303CD1

Book-runners:

     

J.P. Morgan Securities Inc.

Morgan Stanley & Co. Incorporated

Greenwich Capital Markets, Inc.

* A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. The rating is subject to revision or withdrawal at any time by the assigning rating organization.

The issuer has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the Securities and Exchange Commission, or SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities Inc. collect at 1-212-834-4533, Morgan Stanley & Co. Incorporated toll-free at 1-866-718-1649 or Greenwich Capital Markets, Inc. toll-free at 1-866-884-2071.

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