0000023426-01-500021.txt : 20011029
0000023426-01-500021.hdr.sgml : 20011029
ACCESSION NUMBER: 0000023426-01-500021
CONFORMED SUBMISSION TYPE: 35-APP
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011024
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CONNECTICUT LIGHT & POWER CO
CENTRAL INDEX KEY: 0000023426
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 060303850
STATE OF INCORPORATION: CT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 35-APP
SEC ACT: 1935 Act
SEC FILE NUMBER: 031-01065
FILM NUMBER: 1764927
BUSINESS ADDRESS:
STREET 1: SELDEN STREET
CITY: BERLIN
STATE: CT
ZIP: 06037-1616
BUSINESS PHONE: 8606655000
35-APP
1
rule24102301.txt
RULE24102301
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
............................................................
Application of Northeast ) CERTIFICATE PURSUANT TO
Utilities on Form U-1 ) RULE 24 UNDER THE PUBLIC
File No. 70-9905 ) UTILITY HOLDING COMPANY ACT
) of 1935
............................................................
Pursuant to the requirements of Rule 24 under the
Public Utility Holding Company Act of 1935, as amended (the
"Act"), The Connecticut Light and Power Company ("CL&P") and
CL&P Receivables Corporation, certify that the extension of
CL&P's accounts receivable purchase and sale program, as
proposed in the Application/Declaration to the Commission on
Form U-1 (File No. 70-9905), as amended, and authorized by
order of the Commission in Public Utility Holding Company
Act Release No. 27453, dated October 15, 2001, has been
carried out in accordance with the terms and conditions of
and for the purposes represented by the Application/Declaration
and of the Commission's order with respect thereto.
Submitted with this Certificate is the "past tense"
opinion of counsel.
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, Northeast Utilities has duly
caused this Certificate to be signed on its behalf by the
undersigned hereunto duly authorized.
The Connecticut Light and Power Company
CL&P Receivables Corporation
By: /s/ Randy A. Shoop
Name: Randy A. Shoop
Title: Treasurer
Dated: October 23, 2001
October 23, 2001
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: File No. 70-9905
Application/Declaration of The Connecticut Light and
Power Company and CL&P Receivables Corporation with
Respect to Certain Transactions Relating to an
Accounts Receivable Purchase and Sale Program
Ladies and Gentlemen:
I am Assistant General Counsel of Northeast
Utilities Service Company("NUSCO"), the service company
subsidiary of Northeast Utilities ("NU"), and I am
furnishing this opinion as the required "past tense" opinion
in connection with the Application/Declaration, as amended,
on Form U-1 (the "Declaration") of The Connecticut Light and
Power Company ("CL&P"), a subsidiary of NU, and CL&P
Receivables Corporation, a subsidiary of CL&P ("CRC"), to
the Commission with respect to CRC's paying dividends out of
capital under an accounts receivable purchase and sale program,
as more fully set forth in the Declaration (the "Transaction").
In connection with this opinion, I have examined or
caused to be examined by counsel associated with or engaged
by me, including counsel who are employed by NUSCO, such
papers, documents, and records, and have made such
examination of law and have satisfied myself as to such
other matters as I have deemed relevant or necessary for the
purpose of this opinion. I have assumed the authenticity of
all documents submitted to me as originals, the genuineness
of all signatures, the legal capacity of natural persons,
and the conformity to originals of all documents submitted
to me as copies.
The opinions set forth herein are limited to the
laws of the State of Connecticut and the federal laws of the
United States. I am a member of the bar of the State of New
York. I am not a member of the bar of the State of
Connecticut, and do not hold myself out as an expert in the
laws of such jurisdiction, although I have made a study of
relevant laws of such jurisdiction. In expressing opinions
about matters governed by the laws of the State of
Connecticut, I have consulted with counsel who are employed
by NUSCO and are members of the bar of such jurisdiction.
The opinions set forth in paragraph (b) below are
subject to the effect of bankruptcy, insolvency, moratorium
and other similar laws affecting creditors rights generally
and general principles of equity.
Based upon and subject to the foregoing, I am of the
opinion that:
(a) all Connecticut laws applicable to the proposed
Transactions have been complied with;
(b) (i) CRC is validly organized and duly
existing under the laws of the State of Connecticut, (ii)
the common stock of CRC issued to CL&P is validly issued,
fully paid and nonassessable, and CL&P is entitled to all of
the rights and privileges appertaining to the ownership of
100% of the issued and outstanding common stock of CRC, and
(iii) insofar as any interests in receivables sold by CRC as
part of such transactions are regulated as the issuance of
securities, such securities are valid and binding
obligations of CRC in accordance with their terms; and
(c) the consummation of the proposed Transactions
by CL&P and CRC will not violate the legal rights of the holders of any
securities issued by CL&P or CRC or any associate company thereof.
Very truly yours,
/s/ Jeffrey C. Miller
Jeffrey C. Miller