-----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, VA3KNKF6g2hT7WQxJxMu3PvMrm0Kms7eRt0iJN6cDzE9/8oFLMcl3TwpIL7ze+PK 9GUaubbEwCumeq3gvFoMAA== 0000023426-03-000002.txt : 20030502 0000023426-03-000002.hdr.sgml : 20030502 20030502162116 ACCESSION NUMBER: 0000023426-03-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030502 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030502 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: 03680027 BUSINESS ADDRESS: STREET 1: SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037-1616 BUSINESS PHONE: 8606655000 8-K 1 clp8kcover050203.txt CL&P 8-K COVER 050203 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) May 2, 2003 ------------------- Commission File Number 0-11149 ------ THE CONNECTICUT LIGHT AND POWER COMPANY -------------------- (Exact name of registrant as specified in its charter) CONNECTICUT 0-11419 06-0303850 - ---------------------- --------- --------------- (State or other jurisdiction (Commission (I.R.S. Employer of organization) File No.) incorporation or Identification No.) 107 SELDEN STREET, BERLIN, CONNECTICUT 06037 - ----------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code) (860) 947-2121 (Former name or former address, if changed since last report) Not Applicable ITEM 7. Financial Statements and Exhibits Exhibit 99.1 The Connecticut Light and Power Company Press Release dated May 2, 2003. ITEM 9. Regulation FD Disclosure On May 2, 2003, The Connecticut Light and Power Company Utilities issued a press release relating to an order issued on May 1, 2003 by Connecticut utility regulators which allows it, subject to certain conditions, to recover certain locational marginal pricing costs from its Connecticut electric customers. A copy of the press release is attached as Exhibit 99.1. Exhibit 99.1, 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 (Registrant) By: /s/ Randy A. Shoop Name: Randy A. Shoop Title: Treasurer Date: May 2, 2003 EX-99 3 clp8kexh991050203.txt CL&P PRESS RELEASE 050203 Exhibit 99.1 CL&P LOGO P. O. Box 270 Hartford, CT 06141-0270 107 Selden Street Berlin, CT 06037 (860)-665-5000 www.cl-p.com News Release CONTACT: Al Lara, media inquiries Jeff Kotkin, financial inquiries Office: (860) 665-5527 (860) 665-5154 After Hours: (800) 286-2000 CL&P to request FERC review of Standard Market Design Costs BERLIN, Connecticut, May 2, 2003 - In compliance with an order issued late Thursday by Connecticut utility regulators, The Connecticut Light and Power Company (CL&P) will begin to recover locational marginal pricing costs from its Connecticut electric customers and request that the Federal Energy Regulatory Commission (FERC) conduct an expedited review of certain obligations under CL&P's power supply contracts. Because these are wholesale power contracts, FERC is the appropriate forum for the review. CL&P, the largest operating subsidiary of Northeast Utilities (NU), said it expects to file its response to the decision with the Connecticut Department of Public Utility Control (DPUC) early next week. CL&P further said it will ask FERC for a declaratory judgment to determine whether CL&P's three standard offer service suppliers are responsible for new costs related to the implementation of Standard Market Design (SMD) in New England on March 1, 2003. CL&P's share of those costs amounted to $15.5 million in March 2003 and CL&P expects the costs to remain significant throughout 2003. In an April 22, 2003 filing with the DPUC, CL&P said it believes that locational marginal pricing costs related to SMD were its responsibility under the four-year full-requirements standard offer service contracts with its suppliers. Nearly all of CL&P's 1.15 million electric customers receive their electricity through those contracts. Those supply contracts were signed in 1999 and covered the years 2000-2003. CL&P requested that approximately 60 percent of the March costs be recovered from customers in May through an increase in CL&P's Energy Adjustment Clause (EAC) and that approximately 40 percent be recovered through CL&P's existing Generation Services Charge. In the decision issued Thursday in DPUC Docket 03-04-07, the Commission said that CL&P could collect the entire amount on a 60-day interim basis from an increase in the EAC after the company posts a surety bond with the DPUC. In its order, the DPUC "strongly recommends to the Company that it vigorously pursue its legal remedies in the appropriate judicial and administrative forums." The DPUC also denied the Connecticut Attorney General's petition for a declaratory ruling that the suppliers were responsible for the additional costs. In compliance with the DPUC order, CL&P said it expects to file for a declaratory judgment with FERC later this month. Because CL&P's largest supplier, Select Energy, Inc., is also an NU subsidiary, CL&P and Select Energy will be separately represented before FERC. NU is New England's largest electric utility system with approximately 2 million electric and natural gas customers in Connecticut, New Hampshire and Massachusetts and is one of the region's largest provider of competitive energy services. Northeast Utilities (NYSE: NU) is a Fortune 500 diversified energy company located in Connecticut with operations throughout the Northeast. Through its competitive and regulated subsidiaries, NU provides Energy for a Changing World, with a full range of energy products and services to millions of residential and business customers from Maine to Maryland. From delivering electricity and natural gas, to marketing energy commodities, to operating and maintaining power plant facilities, NU is committed to safety, reliability and expanding consumers' energy options. For more information on Northeast Utilities and its subsidiaries, visit the NU family of Web sites at www.nu.com. -----END PRIVACY-ENHANCED MESSAGE-----