<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