Exhibit 99-B

                                                                       [LOGO]
                                                                      conectiv

August 14, 2002

Statement Under Oath of Principal Financial Officer Regarding Facts and
Circumstances Relating to Exchange Act Filings

I, James P. Lavin, state and attest that:

      (1)  To the best of my knowledge, based upon a review of the covered
           reports of Conectiv, and, except as corrected or supplemented in a
           subsequent covered report:

              .   no covered report contained an untrue statement of a material
                  fact as of the end of the period covered by such report (or in
                  the case of a report on Form 8-K or definitive proxy
                  materials, as of the date on which it was filed); and

              .   no covered report omitted to state a material fact necessary
                  to make the statements in the covered report, in light of the
                  circumstances under which they were made, not misleading as of
                  the end of the period covered by such report (or in the case
                  of a report on Form 8-K or definitive proxy materials, as of
                  the date on which it was filed).

      (2)  In this statement under oath, each of the following, if filed on or
           before the date of this statement, is a "covered report":

              .   Conectiv Annual Report on Form 10-K for the year ended
                  December 31, 2001

              .   Conectiv Quarterly Report on Form 10-Q for the quarter ended
                  March 31, 2002

              .   Conectiv Quarterly Report on Form 10-Q for the quarter ended
                  June 30, 2002

              .   Reports on Form 8-K dated January 31, 2002, April 1, 2002,
                  June 7, 2002, July 18, 2002, July 24, 2002, July 25, 2002, and
                  August 1, 2002.



     (3)  I have reviewed the contents of this statement with Conectiv's Audit
          Committee of the Board of Directors.

                                                    Subscribed and sworn to
         /s/ James P. Lavin                         before me this 14/th/ day of
         ----------------------------------------   August 2002.
         James P. Lavin, Senior Vice President
           and Chief Financial Officer
                                                    /s/ Sharon M. Roach
                                                    -------------------
                                                    Notary Public

                                                    My Commission Expires:

                                                    Sharon M. Roach
                                                    Notary Public
                                                    State of Delaware
                                                    My Commission Expires
                                                    Oct. 22, 2004