Atlantic City Electric Files 8-K on Definitive Agreement
| Field | Detail |
|---|---|
| Company | Atlantic City Electric Co |
| Form Type | 8-K |
| Filed Date | Nov 19, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $100 million, $75 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
ACE filed an 8-K for a new material agreement and financial obligation.
AI Summary
Atlantic City Electric Company, a New Jersey corporation, filed an 8-K on November 19, 2025, reporting the entry into a material definitive agreement and the creation of a direct financial obligation. The filing details are associated with the company's operations in electric services.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Atlantic City Electric, which could impact its financial obligations and operational structure.
Risk Assessment
Risk Level: medium — The filing concerns a material definitive agreement and financial obligation, which inherently carries some level of risk related to the terms and execution of the agreement.
Key Numbers
- 001-03559 — SEC File Number (Identifies the company's filing with the SEC.)
- 21-0398280 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- ATLANTIC CITY ELECTRIC COMPANY (company) — Registrant
- 2025-11-19 (date) — Date of Report
- 0000008192-25-000006 (filing_id) — Accession Number
- New Jersey (jurisdiction) — State of Incorporation
- 500 North Wakefield Drive Newark , Delaware 19702 (address) — Principal Executive Offices
- (202) 872-2000 (phone_number) — Business Phone
FAQ
What is the nature of the material definitive agreement entered into by Atlantic City Electric Company?
The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.
What is the specific direct financial obligation created by Atlantic City Electric Company?
The filing states the creation of a direct financial obligation but does not provide specific details on the obligation itself.
When was the 8-K filing submitted to the SEC?
The 8-K filing was submitted on November 19, 2025.
What is the principal executive office address for Atlantic City Electric Company?
The principal executive offices are located at 500 North Wakefield Drive, Newark, Delaware 19702.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,356 words · 5 min read · ~5 pages · Grade level 13.9 · Accepted 2025-11-19 14:37:06
Key Financial Figures
- $100 million — Agreement for the offer and sale of (i) $100 million aggregate principal amount of its First
- $75 million — , 5.28% Series due March 26, 2035, (ii) $75 million aggregate principal amount of its First
Filing Documents
- exc-20251119.htm (8-K) — 54KB
- 0000008192-25-000006.txt ( ) — 160KB
- exc-20251119.xsd (EX-101.SCH) — 2KB
- exc-20251119_lab.xml (EX-101.LAB) — 19KB
- exc-20251119_pre.xml (EX-101.PRE) — 11KB
- exc-20251119_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement On March 26, 2025, Atlantic City Electric Company (ACE) entered into a Bond Purchase Agreement (the ACE Purchase Agreement) with certain institutional investors. See Item 2.03 below for a description of the bonds issued by ACE pursuant to the ACE Purchase Agreement on November 19, 2025. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On March 26, 2025, ACE entered into the ACE Purchase Agreement for the offer and sale of (i) $100 million aggregate principal amount of its First Mortgage Bonds, 5.28% Series due March 26, 2035, (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.54% Series due November 19, 2040 (2040 Bonds) and (iii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.81% Series due November 19, 2055 (2055 Bonds and, together with the 2040 Bonds, the ACE Bonds). The ACE Bonds were offered and were sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The closing of the sale of the ACE Bonds occurred on November 19, 2025. ACE intends to apply the proceeds of the sale of the ACE Bonds to repay existing indebtedness and for general corporate purposes. The ACE Bonds were issued under and in accordance with the Mortgage and Deed of Trust, dated as of January 15, 1937, from ACE to The Bank of New York Mellon (formerly Irving Trust Company), as trustee, as amended and supplemented by various instruments including that certain Indenture Supplemental to the Mortgage and Deed of Trust, dated as of March 1, 2025 (the ACE Supplemental Indenture), establishing the terms of the ACE Bonds. A copy of the ACE Supplemental Indenture is incorporated by reference as Exhibit 4.2.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 1.1 Bond Purchase Agreement, dated as of March 2 6 , 202 5 among ACE and the purchasers signatory thereto (File No. 001-03559, Form 8-K dated March 2 6 , 202 5 , Exhibit 1.1) 4.1 Form of Initial ACE Bonds (included in Exhibit 4.2) 4.2 ACE Supplemental Indenture to the Mortgage and Deed of Trust, dated as of March 1, 202 5 (File No. 001-03559, Form 8-K dated March 2 6 , 202 5 , Exhibit 4.2) 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * * * * * This Current Report contains certain forward-looking statements within the meaning of federal securities laws that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," "should," and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic, and financial performance, are intended to identify such forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, the following important factors that may cause our actual results or outcomes to differ materially from those contained in our forward-looking statements, including, but not limited to: unfavorable legislative and/or regulatory actions; uncertainty as to outcomes and timing of regulatory approval proceedings and/or negotiated settlements thereof; environmental liabilities and remediation costs; state and federal legislation requiring use of low-emission, renewable, and/or alternate fuel sources and/or mandating implementation of energy conservation programs requiring implementation of new technologies; challenges to tax posi
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATLANTIC CITY ELECTRIC COMPANY /s/ Elizabeth Morgan Downs O'Donnell Elizabeth Morgan Downs O'Donnell Senior Vice President, Chief Financial Officer and Treasurer Atlantic City Electric Company November 19, 2025 EXHIBIT INDEX Exhibit No. Description 1.1 Bond Purchase Agreement, dated as of March 2 6, 2025 among ACE and the purchasers signatory thereto (File No. 001-03559, Form 8-K dated March 2 6, 2025 , Exhibit 1.1) 4.1 Form of Initial ACE Bonds (included in Exhibit 4.2) 4.2 ACE Supplemental Indenture to the Mortgage and Deed of Trust, dated as of March 1, 202 5 (File No. 001-03559, Form 8-K dated March 2 6, 2025 , Exhibit 4.2) 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)