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Atlantic City Electric Co – ‘8-K’ for 4/1/11

On: Friday, 4/1/11, at 2:06pm ET · For: 4/1/11 · Accession #: 1135971-11-45 · File #: 1-03559

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/01/11  Atlantic City Electric Co         8-K:8,9     4/01/11    8:1.1M                                   Pepco Holdings LLC

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report on Form 8-K                          HTML     27K 
 5: 8-K         Courtesy Copy of Current Report on Form 8-K --       PDF     17K 
                          apr1-ace8k                                             
 2: EX-1.1      Purchase Agreement                                  HTML    327K 
 6: EX-1.1      Courtesy Copy of Purchase Agreement -- ex1-1         PDF    168K 
 3: EX-4.2      Supplemental Indenture                              HTML    126K 
 7: EX-4.2      Courtesy Copy of Suplemental Indenture -- ex4-2      PDF     85K 
 4: EX-5.1      Legal Opinion                                       HTML     18K 
 8: EX-5.1      Courtesy Copy of Legal Opinion -- ex5-1              PDF     26K

8-K — Current Report on Form 8-K

This is an HTML Document rendered as filed. [ Alternative Formats ]

apr01-ace8k.htm

C: C: C:

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): March 29, 2011

	ATLANTIC CITY ELECTRIC COMPANY
	(Exact name of registrant as specified in its charter)

New Jersey		001-3559		21-0398280
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

	500 North Wakefield Drive, 2nd Floor, Newark, DE 19702
	(Address of Principal Executive Offices)(Zip Code)

	(302) 429-3018
	Registrant's Telephone Number, Including Area Code

	Not Applicable
	(Former name or former address, if changed since last repo

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))

Atlantic City Electric Company

Form 8-K

Item 8.01

Other Events.

Atlantic City Electric Company (the “Company”) has entered into a Purchase Agreement, dated March 29, 2011 (the “Purchase Agreement”), with Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named in Schedule A of the Purchase Agreement, for the offer and sale of $200,000,000 in aggregate principal amount of First Mortgage Bonds, 4.35% Series due April 1, 2021 (the “Bonds”) in an underwritten offering registered on a Registration Statement on Form S-3 (Registration No. 333-169477-01), which was filed with the United States Securities and Exchange Commission on September 20, 2010. The Purchase Agreement is filed herewith as Exhibit 1.1 and the form of Bonds is filed herewith as Exhibit 4.1. The Bonds are initially being offered to the public at a price of 99.848% of the principal amount. At the closing of the offering, which is scheduled to occur on April 5, 2011, the Company will realize, after deduction of the underwriters’ discount of 0.65% of the principal amount and before deduction of offering expenses, net proceeds of approximately $198,369,000. The Company intends to use the net proceeds from this offering to repay short-term indebtedness and for general corporate purposes.

The Bonds will be issued under the Mortgage and Deed of Trust, dated January 15, 1937, between the Company and The Bank of New York Mellon (formerly known as The Bank of New York and as successor in such capacity to the Irving Trust Company), as trustee (the “Trustee”), as amended and supplemented, including pursuant to the Indenture Supplemental to Mortgage and Deed of Trust, dated as of March 29, 2011 (the “Supplemental Indenture”), relating to the issuance of the Bonds. The Supplemental Indenture is filed herewith as Exhibit 4.2.

The legality opinion of Kirk J. Emge, General Counsel of the Company, relating to the issuance of the Bonds is filed herewith as Exhibit 5.1.

Some of the underwriters or their affiliates have provided investment or commercial banking services to the Company and its affiliates, including as an underwriter of their securities, in the past and are likely to do so in the future. They receive customary fees and commissions for these services.

Atlantic City Electric Company

Form 8-K

Item 9.01	Financial Statements and Exhibits.

	(d) Exhibits

	Exhibit No.	Description of Exhibit

	1.1	Purchase Agreement, dated March 29, 2011, between the Company and Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC for themselves and as representatives of the underwriters named in Schedule A thereto

	4.1	Form of First Mortgage Bond, 4.35% Series due April 1, 2021 (included in Exhibit 4.2)

	4.2	Indenture Supplemental to Mortgage and Deed of Trust, dated as of March 29, 2011, between the Company and the Trustee

	5.1	Opinion of Kirk J. Emge

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
Date:	April 1, 2010	By:	By:	/s/ *A. J. KAMERICK*
			Name:	Anthony J. Kamerick
			Title:	Chief Financial Officer

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

	4/1/21
	4/5/11
Filed on / For Period End:	4/1/11
	3/29/11	424B2, FWP
	9/20/10	S-3ASR
	4/1/10
		List all Filings

4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/21/24  Exelon Corp.                      10-K       12/31/23  322:89M
 2/14/23  Exelon Corp.                      10-K       12/31/22  279:68M
 2/25/22  Exelon Corp.                      10-K       12/31/21  313:198M
 2/24/21  Exelon Corp.                      10-K       12/31/20  310:85M

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Filing Submission 0001135971-11-000045 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)