Atlantic City Electric Company’s Private Placement of $150 Million of First Mortgage Bonds

Hunton & Williams LLP advised purchasers in connection with Atlantic City Electric Company’s (ACE) issuance of its first mortgage bonds in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended.

ACE is a regulated public utility company engaged in the transmission, distribution and default supply of electricity in Gloucester, Camden, Burlington, Ocean, Atlantic, Cape May, Cumberland and Salem counties in southern New Jersey. ACE’s service territory covers approximately 2,700 square miles and, as of September 30, 2015, had a population of approximately 1.1 million. ACE is an indirect wholly-owned subsidiary of Pepco Holdings, Inc.

The Hunton & Williams LLP team included Steve Friend and Christina Kwon.