<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 on Form 10-K 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