<ARTICLE> UT
<LEGEND>
This Schedule contains summary financial information extracted from the
consolidated Balance Sheet and Statement of Income from Conectiv's 1998 Annual
Report to Stockholders and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    3,569,178
<OTHER-PROPERTY-AND-INVEST>                    595,893
<TOTAL-CURRENT-ASSETS>                         723,872
<TOTAL-DEFERRED-CHARGES>                       495,737
<OTHER-ASSETS>                                 702,994
<TOTAL-ASSETS>                               6,087,674
<COMMON>                                         1,073
<CAPITAL-SURPLUS-PAID-IN>                    1,569,770
<RETAINED-EARNINGS>                            276,939
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,843,161
<PREFERRED-MANDATORY>                          188,950
<PREFERRED>                                     95,933
<LONG-TERM-DEBT-NET>                         1,746,562
<SHORT-TERM-NOTES>                             376,061
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   80,822
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     36,603
<LEASES-CURRENT>                                28,314
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,691,268
<TOT-CAPITALIZATION-AND-LIAB>                6,087,674
<GROSS-OPERATING-REVENUE>                    3,071,606
<INCOME-TAX-EXPENSE>                           105,817
<OTHER-OPERATING-EXPENSES>                   2,684,691
<TOTAL-OPERATING-EXPENSES>                   2,790,508
<OPERATING-INCOME-LOSS>                        281,098
<OTHER-INCOME-NET>                              36,860
<INCOME-BEFORE-INTEREST-EXPEN>                 317,958
<TOTAL-INTEREST-EXPENSE>                       164,757
<NET-INCOME>                                   153,201
<PREFERRED-STOCK-DIVIDENDS>                          0
<EARNINGS-AVAILABLE-FOR-COMM>                  153,201
<COMMON-STOCK-DIVIDENDS>                       176,296
<TOTAL-INTEREST-ON-BONDS>                      153,644
<CASH-FLOW-OPERATIONS>                         372,309
<EPS-PRIMARY>                                     1.50
<EPS-DILUTED>                                     1.50