Exhibit 12.4

Atlantic City Electric Company

	Six Months Ended June 30, 2009		For the Year Ended December 31,
			2008		2007		2006		2005		2004
	(millions of dollars)
Income from continuing operations	$	10	$	64	$	60	$	60	$	51	$	59
Income tax expense (a)		2		30		41		33		41		41
Fixed charges:
Interest on long-term debt, amortization of discount, premium and expense		35		64		66		65		60		62
Other interest		1		3		3		3		4		3
Total fixed charges		36		67		69		68		64		65
Income before extraordinary item, income tax expense, and fixed charges	$	48	$	161	$	170	$	161	$	156	$	165
Ratio of earnings to fixed charges		1.33		2.40		2.46		2.37		2.45		2.52
Total fixed charges, shown above		36		67		69		68		64		65
Preferred dividend requirements adjusted to a pre-tax amount		—		—		1		1		1		1
Total fixed charges and preferred dividends	$	36	$	67	$	70	$	69	$	65	$	66
Ratio of earnings to fixed charges and preferred dividends		1.33		2.40		2.44		2.35		2.43		2.50

(a) Concurrent with the adoption of FIN 48 in 2007, amount includes interest on uncertain tax positions.