-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FWOedi7M+D3wMJrPkoU3MfrdXlDQEx0r4geVwt/vyLZ//XUw2rctDNfzWf/BYFeS fqwEPlnfKVT0mohpXCSPlQ== 0000023426-01-500027.txt : 20020411 0000023426-01-500027.hdr.sgml : 20020411 ACCESSION NUMBER: 0000023426-01-500027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011119 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011121 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00404 FILM NUMBER: 1798129 BUSINESS ADDRESS: STREET 1: SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037-1616 BUSINESS PHONE: 8606655000 8-K 1 coverclp8k1112101.txt CLP 8K 112101 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-1004 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 20, 2001 ------------------- THE CONNECTICUT LIGHT AND POWER COMPANY Commission File Number 1-11419 State of Incorporation - CONNECTICUT IRS No. 06-0303850 ------------------- ---------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 107 SELDEN STREET BERLIN, CT 06037-1616 - ----------------------------------------------------------------- (Address of principal executive offices The Connecticut Light and Power Company) (Zip Code) (860) 947-2121 -------------- (Registrant's telephone number, including area code) Not Applicable -------------- (Former name or former address, if changed since last report) ITEM 9. REGULATION FD DISCLOSURE The material attached hereto as Exhibit 99, which is incorporated in this Item 9 by reference thereto, is furnished pursuant to Regulation FD. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CONNECTICUT LIGHT AND POWER COMPANY By: /s/ David R. McHale Name: David R. McHale Title: Vice President and Treasurer of Northeast Utilities Service Company, as Agent for THE CONNECTICUT LIGHT AND POWER COMPANY Date: November 21, 2001 EX-99 3 clpressrls8k111901.txt CLP 111901 PRESS RLS CL&P News From The Northeast Utilities System CONTACT: Sandra Ahearn Office: (860) 665-5472 CL&P Seeks Increase in Generation Rates to Protect Supply Contracts, Customers BERLIN, Connecticut, November 19, 2001 - The Connecticut Light & Power Company (CL&P), a wholly owned subsidiary of Northeast Utilities NU), today filed an application with the Connecticut Department of Public Utility Control (DPUC), seeking to increase the generation charge of customers' bills by one cent per kilowatt hour to protect its ability to continue delivering energy to its customers and to spur retail competition. "Mid-way through the standard offer period established by the General Assembly in Public Act 98-28, there is little, if any, meaningful competition among retail electric suppliers," said Michael G. Morris, Chairman, President and Chief Executive Officer of Northeast Utilities. This is due largely to the fact that market prices for electricity remain higher than the current generation charge, he said. NRG Power Marketing Inc. (NRG) has formally requested that CL&P move to re-open the standard offer docket to "restore the original intention of the (standard offer) agreement to foster a competitive electric marketplace." NRG supplies 45 percent of CL&P's standard offer service requirements. If NRG, or another supplier, was unable to maintain its level of service, CL&P could be forced to buy electricity on the open market to meet customers demand and under the restructuring law would recover these unknown costs from its customers, Morris said. As a result, Morris said, CL&P is seeking to increase the Generation Service Charge (GSC) - the charge on customers bills for generating the power they consume. The CL&P proposal would increase the average standard offer rate from 4.9 cents per kilowatt hour to 5.9 cents per kilowatt hour. For the average residential customer using 500 kWh per month, this would mean an additional $5.00 per month. The CL&P filing also includes a proposal to create a mechanism that would provide customers with adjustments if future market prices change. Morris noted that the state legislature made provisions for this kind of event when it passed the restructuring law in 1998. The additional rates collected through the increased generation service charge will be passed through to the company's standard offer service suppliers. NRG, Duke Energy Trading and Marketing and Select Energy supply electricity to CL&P's customers through the standard offer contract. Under the state's electric utility restructuring law, customers may choose an energy supplier or stay with their current utility and pay for generation supply under the so-called standard offer. The standard offer rates were set 10 percent lower than electric rates in effect on Dec. 31, 1996. To date, there are only 2 suppliers competing for residential customers and 99 percent of the state's electric customers remain on standard offer service. Standard offer service expires at the end of 2003 and all customers will have to choose a supplier at that time. Standard offer service contracts were awarded through a competitive bid process run by JP Morgan, on behalf of the DPUC. Northeast Utilities operates New England's largest energy delivery system, serving more than 1.7 million electric power customers in Connecticut, Massachusetts and New Hampshire and 187,000 natural gas customers in Connecticut. NU is one of the largest competitive energy suppliers in New England and is a major energy trader in the Northeast. NU is a community and economic development partner, committed to environmental leadership and stewardship. For more information on the Northeast Utilities system, please see our Web site at www.nu.com. -----END PRIVACY-ENHANCED MESSAGE-----