{"schema_version":"secwatch.filing_event.v1","accession":"0000027879-24-000004","form_type":"8-K","ticker":null,"cik":"0000027879","company_name":"DELMARVA POWER & LIGHT CO /DE/","filed_at":"2024-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.520959+00:00","generated_at":"2026-06-04T12:24:33.961587+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"ACE and DPL issue $425M in first mortgage bonds across five tranches","bullets":["ACE issued $250M aggregate: $75M 5.55% due 2054, $75M 5.29% due 2034, $100M 5.49% due 2039.","DPL issued $175M aggregate: $100M 5.24% due 2034, $75M 5.55% due 2054.","Proceeds from both issuances to repay existing debt and for general corporate purposes.","Bonds sold in private placement under Section 4(a)(2) exemption; closing occurred March 20, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000027879-24-000004","json":"https://secwatch.observer/filing/0000027879-24-000004.json","markdown":"https://secwatch.observer/filing/0000027879-24-000004.md","text":"https://secwatch.observer/filing/0000027879-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/27879/000002787924000004/0000027879-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8192/000002787924000004/exc-20240320.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T12:24:33.961587+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"194d5894b532ec74605db9307b34404f4341b2ae","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $100 million aggregate principal amount with The Bank of New York Mellon at 5.24% maturing March 20, 2034.","evidence_excerpt":"$100 million aggregate principal amount of its First Mortgage Bonds, 5.24% Series due March 20, 2034","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000002787924000004/0000027879-24-000004-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100 million aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon"},{"label":"Rate","value":"5.24%"},{"label":"Maturity","value":"March 20, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"44dc2f7b0e84c4d79fef0407b1f7a5f43f517a50","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with The Bank of New York Mellon at 5.29% maturing August 28, 2034.","evidence_excerpt":"$75 million aggregate principal amount of its First Mortgage Bonds, 5.29% Series due August 28, 2034","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000002787924000004/0000027879-24-000004-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$75 million aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon"},{"label":"Rate","value":"5.29%"},{"label":"Maturity","value":"August 28, 2034"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4c13f52524562a5b760af16c5061747a7caa2868","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $100 million aggregate principal amount with The Bank of New York Mellon at 5.49% maturing August 28, 2039.","evidence_excerpt":"$100 million aggregate principal amount of its First Mortgage Bonds, 5.49% Series due August 28, 2039","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000002787924000004/0000027879-24-000004-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100 million aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon"},{"label":"Rate","value":"5.49%"},{"label":"Maturity","value":"August 28, 2039"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"94fc7dfbbd8b811b690f510afebed151c78a8204","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with The Bank of New York Mellon at 5.55% maturing March 20, 2054.","evidence_excerpt":"$75 million aggregate principal amount of its First Mortgage Bonds, 5.55% Series due March 20, 2054","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000002787924000004/0000027879-24-000004-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$75 million aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon"},{"label":"Rate","value":"5.55%"},{"label":"Maturity","value":"March 20, 2054"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"07f6d8f85dec2b450b36d4ce740906cad07e2e34","claim":"DELMARVA POWER & LIGHT CO /DE/ entered into Bond Purchase Agreement with certain institutional investors valued at Not disclosed (effective 2024-03-20).","evidence_excerpt":"On March 20, 2024, Atlantic City Electric Company (ACE) and Delmarva Power & Light Company (DPL) each entered into a Bond Purchase Agreement (the ACE Purchase Agreement and DPL Purchase Agreement, respectively) with certain institutional investors.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000002787924000004/0000027879-24-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"Not disclosed"},{"label":"Effective","value":"2024-03-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}