SEC Info - Atlantic City Electric Co, et al. - ‘10-K’ for 12/31/09

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Atlantic City Electric Co, et al. – ‘10-K’ for 12/31/09 – ‘XML.R12’

On: Thursday, 2/25/10, at 6:04pm ET · As of: 2/26/10 · For: 12/31/09 · Accession #: 1193125-10-41024 · File #s: 1-01072, 1-01405, 1-03559, 1-31403

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

 2/26/10  Atlantic City Electric Co         10-K       12/31/09   68:18M                                    Donnelley … Solutions/FA
          Delmarva Power & Light Co/DE
          Potomac Electric Power Co
          Pepco Holdings Inc

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   3.77M 
 2: 10-K        Annual Report -- d10k1                               PDF   2.53M 
 3: EX-10.37    Material Contract                                   HTML     31K 
 4: EX-10.38    Material Contract                                   HTML     42K 
 5: EX-10.39    Material Contract                                   HTML     42K 
10: EX-21       Subsidiaries List                                   HTML     38K 
11: EX-23.1     Consent of Experts or Counsel                       HTML     20K 
12: EX-23.2     Consent of Experts or Counsel                       HTML     19K 
13: EX-23.3     Consent of Experts or Counsel                       HTML     19K 
14: EX-23.4     Consent of Experts or Counsel                       HTML     19K 
 6: EX-12.1     Statement re: Computation of Ratios                 HTML     44K 
 7: EX-12.2     Statement re: Computation of Ratios                 HTML     39K 
 8: EX-12.3     Statement re: Computation of Ratios                 HTML     39K 
 9: EX-12.4     Statement re: Computation of Ratios                 HTML     39K 
15: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
16: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
17: EX-31.3     Certification -- §302 - SOA'02                      HTML     26K 
18: EX-31.4     Certification -- §302 - SOA'02                      HTML     25K 
19: EX-31.5     Certification -- §302 - SOA'02                      HTML     26K 
20: EX-31.6     Certification -- §302 - SOA'02                      HTML     25K 
21: EX-31.7     Certification -- §302 - SOA'02                      HTML     26K 
22: EX-31.8     Certification -- §302 - SOA'02                      HTML     25K 
23: EX-32.1     Certification -- §906 - SOA'02                      HTML     21K 
24: EX-32.2     Certification -- §906 - SOA'02                      HTML     21K 
25: EX-32.3     Certification -- §906 - SOA'02                      HTML     21K 
26: EX-32.4     Certification -- §906 - SOA'02                      HTML     21K 
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64: XML         IDEA XML File -- Filing Summary                      XML    111K 
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44: XML.R3      Statement Of Financial Position Classified           XML   1.64M 
49: XML.R4      Statement Of Financial Position Classified           XML    162K 
                (Parenthetical)                                                  
56: XML.R5      Statement Of Cash Flows Indirect                     XML   1.48M 
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67: XML.R7      Statement Of Shareholders Equity And Other           XML   1.42M 
                Comprehensive Income                                             
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33: XML.R19     Debt                                                 XML    347K 
48: XML.R20     Income Taxes                                         XML    390K 
59: XML.R21     Preferred Stock                                      XML     46K 
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                Parent Company                                                   
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<div> (4) RECENTLY ISSUED ACCOUNTING STANDARDS, NOT YET ADOPTED Transfers and Servicing (ASC 860) The FASB issued new guidance that removes the concept of a qualifying special-purpose entity (QSPE) from the current guidance on transfers and servicing and the QSPE scope exception in current guidance on consolidation. The new guidance also changes the requirements for derecognizing financial assets and requires additional disclosures about a transferor’s continuing involvement in transferred financial assets. The new guidance is effective for transfers of financial assets occurring in fiscal periods beginning after November 15, 2009; therefore, this guidance will be effective on January 1, 2010 for PHI. PHI does not expect this standard will have a material impact on its overall financial condition, results of operations, or cash flows. Consolidation of Variable Interest Entities (ASC 810) The FASB issued new consolidation guidance regarding variable interest entities that eliminates the existing quantitative analysis requirement and adds new qualitative factors to determine whether consolidation is required. The new qualitative factors would be applied on a quarterly basis to interests in variable interest entities. Under the new guidance, the holder of the interest with the power to direct the most significant activities of the entity and the right to receive benefits or absorb losses significant to the entity would consolidate. The new guidance retained the existing provision that allowed entities created before December 31, 2003 to be scoped out from a consolidation assessment if exhaustive efforts are taken and there is insufficient information to determine the primary beneficiary. The new guidance is effective for fiscal periods beginning after November 15, 2009 for existing and newly created entities; therefore, this guidance will be effective on January 1, 2010 for PHI. PHI does not expect that the new guidance will result in a material change in accounting or disclosures in its financial statements. Fair Value Measurement and Disclosures (ASC 820) The FASB issued new disclosure requirements for recurring and non-recurring fair value measurements. Some of the requirements will be effective for PHI beginning with its March 31, 2010 financial statements and include: (i) a disaggregation of balance sheet categories that are measured at fair value into classes (i.e. subsets of assets or liabilities within a balance sheet line item), (ii) a description of pricing inputs and valuation methodologies for instruments with Level 2 and 3 valuation inputs, and (iii) a reconciliation of transfers of instruments between Level 1 and 2 valuation categories. Beginning with its March 31, 2011 financial statements, PHI will be required to disaggregate the Level 3 fair value measurement reconciliations into separate categories for purchases, sales, issuances, and settlements. PHI is evaluating the impact of this new guidance on its financial statement footnote disclosures. </div>

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<div> (4) RECENTLY ISSUED ACCOUNTING STANDARDS, NOT YET ADOPTED Transfers and Servicing (ASC 860) The FASB issued new guidance that removes the concept of a qualifying special-purpose entity (QSPE) from the current guidance on transfers and servicing and the QSPE scope exception in current guidance on consolidation. The new guidance also changes the requirements for derecognizing financial assets and requires additional disclosures about a transferor’s continuing involvement in transferred financial assets. The new guidance is effective for transfers of financial assets occurring in fiscal periods beginning after November 15, 2009; therefore, this guidance will be effective on January 1, 2010 for DPL. DPL does not expect this standard will have a material impact on its overall financial condition and financial statements. Consolidation of Variable Interest Entities (ASC 810) The FASB issued new consolidation guidance regarding variable interest entities that eliminates the existing quantitative analysis requirement and adds new qualitative factors to determine whether consolidation is required. The new qualitative factors would be applied on a quarterly basis to interests in variable interest entities. Under the new guidance, the holder of the interest with the power to direct the most significant activities of the entity and the right to receive benefits or absorb losses significant to the entity would consolidate. The new guidance retained the existing provision that allowed entities created before December 31, 2003 to be scoped out from a consolidation assessment if exhaustive efforts are taken and there is insufficient information to determine the primary beneficiary. The new guidance is effective for fiscal periods beginning after November 15, 2009 for existing and newly created entities; therefore, this guidance will be effective on January 1, 2010 for DPL. DPL does not expect that the new guidance will result in a material change in accounting or disclosures in its financial statements. Fair Value Measurement and Disclosures (ASC 820) The FASB issued new disclosure requirements for recurring and non-recurring fair value measurements. Some of the requirements will be effective for DPL beginning with its March 31, 2010 financial statements and include: (i) a disaggregation of balance sheet categories that are measured at fair value into classes (i.e. subsets of assets or liabilities within a balance sheet line item), (ii) a description of pricing inputs and valuation methodologies for instruments with Level 2 and 3 valuation inputs, and (iii) a reconciliation of transfers of instruments between Level 1 and 2 valuation categories. Beginning with its March 31, 2011 financial statements, DPL will be required to disaggregate the Level 3 fair value measurement reconciliations into separate categories for purchases, sales, issuances, and settlements. DPL is evaluating the impact of this new guidance on its financial statement footnote disclosures. </div>

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<div> (4) RECENTLY ISSUED ACCOUNTING STANDARDS, NOT YET ADOPTED Transfers and Servicing (ASC 860) The FASB issued new guidance that removes the concept of a qualifying special-purpose entity (QSPE) from the current guidance on transfers and servicing and the QSPE scope exception in current guidance on consolidation. The new guidance also changes the requirements for derecognizing financial assets and requires additional disclosures about a transferor’s continuing involvement in transferred financial assets. The new guidance is effective for transfers of financial assets occurring in fiscal periods beginning after November 15, 2009; therefore, this guidance will be effective on January 1, 2010 for ACE. ACE does not expect this standard will have a material impact on its overall financial condition and financial statements. Consolidation of Variable Interest Entities (ASC 810) The FASB issued new consolidation guidance regarding variable interest entities that eliminates the existing quantitative analysis requirement and adds new qualitative factors to determine whether consolidation is required. The new qualitative factors would be applied on a quarterly basis to interests in variable interest entities. Under the new guidance, the holder of the interest with the power to direct the most significant activities of the entity and the right to receive benefits or absorb losses significant to the entity would consolidate. The new guidance retained the existing provision that allowed entities created before December 31, 2003 to be scoped out from a consolidation assessment if exhaustive efforts are taken and there is insufficient information to determine the primary beneficiary. The new guidance is effective for fiscal periods beginning after November 15, 2009 for existing and newly created entities; therefore, this guidance will be effective on January 1, 2010 for ACE. ACE does not expect that the new guidance will result in a material change in accounting or disclosures in its financial statements. Fair Value Measurement and Disclosures (ASC 820) The FASB issued new disclosure requirements for recurring and non-recurring fair value measurements. Some of the requirements will be effective for ACE beginning with its March 31, 2010 financial statements and include: (i) a disaggregation of balance sheet categories that are measured at fair value into classes (i.e. subsets of assets or liabilities within a balance sheet line item), (ii) a description of pricing inputs and valuation methodologies for instruments with Level 2 and 3 valuation inputs, and (iii) a reconciliation of transfers of instruments between Level 1 and 2 valuation categories. Beginning with its March 31, 2011 financial statements, ACE will be required to disaggregate the Level 3 fair value measurement reconciliations into separate categories for purchases, sales, issuances, and settlements. ACE is evaluating the impact of this new guidance on its financial statement footnote disclosures. </div>

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Filing Submission 0001193125-10-041024 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Atlantic City Electric Co, et al. – ‘10-K’ for 12/31/09 – ‘XML.R12’

On: Thursday, 2/25/10, at 6:04pm ET · As of: 2/26/10 · For: 12/31/09 · Accession #: 1193125-10-41024 · File #s: 1-01072, 1-01405, 1-03559, 1-31403

Previous ‘10-K’: ‘10-K’ on 3/2/09 for 12/31/08 · Next: ‘10-K’ on 2/25/11 for 12/31/10 · Latest: ‘10-K’ on 2/21/24 for 12/31/23

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R12’ — Recently Issued Accounting Standards, Not Yet Adopted

This Financial Report is an XBRL XML File.

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents