$125 Million Delmarva Power & Light Company Private Placement of First Mortgage Bonds

Represented a group of institutional investors in connection with the issuance by Delmarva Power & Light Company of $125 million of its First Mortgage Bonds, 5.28% Series due March 26, 2035. Huntington Securities, Inc., Mizuho Securities USA LLC and Scotia Capital (USA) Inc. served as placement agents for the offering.