UNITED STATES

                      As filed with the Securities and Exchange Commission on August 2, 2002
                                                                                                                                                                               Registration No. 033-58810
                                                                                                                                                                                                                                           

SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

post-effective Amendment No. 1
to
Form S-3
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
                                        

POTOMAC ELECTRIC POWER COMPANY
(Exact name of registrant as specified in its charter)

District of Columbia and Virginia
(State or other jurisdiction
of incorporation)

53-0127880
(I.R.S. Employer
Identification No.)

                                        
701 Ninth Street, NW
Washington, D.C. 20068
(Address, including zip code, of registrant's principal executive offices)
                                        

Ellen Sheriff Rogers
Secretary and Assistant Treasurer
Potomac Electric Power Company
701 Ninth Street, N.W.
Washington, D.C. 20068
(202) 872-3526

(Name, address and telephone number, including area code, of agent for service)

     Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.

     If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. [ X ]

     If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, please check the following box. [   ]

 

          This Post-Effective Amendment No. 1 is being filed to amend the registration statement (the
"Registration Statement") on Form S-3 (File No. 33-58810), pursuant to which Potomac Electric Power
Company (the "Registrant") registered 4,000,000 shares of its common stock, $1.00 par value ("Pepco
Common Stock") for offer and sale pursuant to the Potomac Electric Power Company Shareholder
Dividend Reinvestment Plan (the "DRP").

          On August 1, 2002, in accordance with an Agreement and Plan of Merger, dated as of February 9,
2001, among the Registrant, New RC, Inc., now named Pepco Holdings, Inc. ("Pepco Holdings"), and
Conectiv, the Registrant and Conectiv combined their businesses by merging with acquisition subsidiaries
of Pepco Holdings (the "Merger"). As a result of the Merger, the Registrant and Conectiv each have
become subsidiaries of Pepco Holdings and the outstanding shares of Pepco Common Stock were
converted in the right to receive shares of Pepco Holdings common stock. In connection with the Merger,
the DRP is being terminated and is being replaced with a Pepco Holdings, Inc. Shareholder Dividend
Reinvestment Plan.

          In accordance with its undertaking in the Registration Statement to remove from registration, by
means of a post-effective amendment, any of the registered securities that remain unsold at the termination
of the offering, the Registrant hereby amends the Registration Statement to remove from registration all
shares of Pepco Common Stock that remained unsold at the time of the Merger.

 

SIGNATURES

    The Registrant. Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this Post- Effective Amendment No. 1 on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Washington, District of Columbia, on the 1st day of August 2002.

 

POTOMAC ELECTRIC POWER COMPANY



By:      JOHN M. DERRICK, JR.                  
         John M. Derrick, Jr.
         Chairman of the Board


 

     Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 1 to the Registration Statement has been signed below by the following person in the capacities indicated.

Signature


 JOHN M. DERRICK, JR.                
    John M. Derrick, Jr.

Title


Chairman of the Board (principal executive officer)

Date


August 1, 2002


 D. R. WRAASE                              
    Dennis R. Wraase


Chief Executive Officer and Director



August 1, 2002


 WILLIAM J. SIM                            
   William J. Sim


President, Chief Operating Officer and Director



August 1, 2002


    A. W. WILLIAMS                          
   Andrew W. Williams


Senior Vice President, Chief Financial Officer and Director
(principal financial officer )



August 1, 2002


  JAMES P. LAVIN                          
   James P. Lavin


Vice President and Controller
(principal accounting officer )



August 1, 2002


 T. S. SHAW                                   
   Thomas S. Shaw


Director



August 1, 2002


 W. T. TORGERSON                        
   William T. Torgerson


Director




August 1, 2002