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