August 29, 1996
ATLANTIC CITY ELECTRIC COMPANY
ANNOUNCES THE TENDER FOR
$7.80 NO PAR PREFERRED STOCK
Atlantic City Electric Company ("ACE") announced today (August 29, 1996) that its Board of Directors has
authorized a cash tender offer for all outstanding shares of its $7.80 No Par Preferred Stock (cumulative).
ACE is offering to purchase all outstanding shares of the $7.80 No Par Preferred Stock at a per share purchase
price of $111.00.
The $7.80 series is traded in the over-the-counter market and is not listed on any national securities exchange or
quoted on the automated quotation system of a registered securities association.
The offer and withdrawal rights will expire at 5:00 p.m., New York City time, on Monday, October 7, 1996.
The tender offer is not conditioned upon any minimum number of shares being tendered, but is subject to certain
The dealer managers for the offer are Goldman, Sachs & Co. and the depositary for the tendered shares will be
The Bank of New York. Questions or requests for assistance may be directed to Georgeson & Company Inc.,
the information agent, at Wall Street Plaza, New York, New York 10005 (telephone 1-800-223-2064) or
Goldman, Sachs & Co. at 1-800-828-3182.