-----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, FTMVW6uSGfio40oNcNd5Hu2R/88FNGVTqlKcCAI7DgUjZdwEVeFgpjbRKXAMFTQf ClqTNSZgAYE7c2QQ3TByPA== 0000023426-04-000023.txt : 20041228 0000023426-04-000023.hdr.sgml : 20041228 20041228171828 ACCESSION NUMBER: 0000023426-04-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041228 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041228 DATE AS OF CHANGE: 20041228 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: 041229101 BUSINESS ADDRESS: STREET 1: SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037-1616 BUSINESS PHONE: 8606655000 8-K 1 clp8k122204.txt COVER :\secy\kearner\edgar\8k\clp8122204.doc 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) December 28, 2004 ------------------- THE CONNECTICUT LIGHT AND POWER COMPANY -------------------- (Exact name of registrant as specified in its charter) CONNECTICUT 0-00404 06-0303850 ------------------------- --------- - - -------------- (State or other jurisdiction of (Commisson (I.R.S. Employer incorporation organization) File Number) or Identification No.) 107 SELDEN STREET BERLIN, CONNECTICUT 06037-1616 ----------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (860) 665-5500 (Registrant's telephone number, including area code) Not Applicable -------------- (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d- 2(b) under the Exchange Act (17 CFR 240.14d- 2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c)) Section 8 - Other Events Item 8.01 - Other Events On December 28, 2004, The Connecticut Light and Power Company ("CL&P") and The United Illuminating Company ("UI") announced revised cost estimates and schedule for their Middletown/Norwalk Transmission Project. A copy of the joint CL&P/UI news release is attached as Exhibit 99 and is incorporated herein. For further information about this matter, reference is made to "Financial Condition and Business Analysis - Utility Group Business Development and Capital Expenditures" in Management's Discussion and Analysis of the Northeast Utilities' and Subsidiaries' Quarterly Report on Form 10-Q for the period ending September 30, 2004. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits (a) Not Applicable (b) Not Applicable (c) Exhibits Exhibits Description Exhibit 99 Joint CL&P/UI News Release dated December 28, 2004. [SIGNATURE PAGE TO FOLLOW] 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: December 28, 2004 EX-99 2 press122804.txt PRESS RELEASE CL&P and UI File Projected Middletown/Norwalk Costs with Siting Council Estimated $840 Million to $990 Million to build proposed project Contact: Frank Poirot (CL&P) Marcia Wellman (UI) Office: (860) 665-3409 (203) 444-2161 After Hours: (800) 286-2000 (203) 444-2161 BERLIN and NEW HAVEN, Connecticut, December 28, 2004 - It will cost an estimated $840 million to $990 million to build Connecticut Light & Power's (CL&P) and United Illuminating's (UI) proposed Middletown/Norwalk Transmission Project, according to a filing today with the Connecticut Siting Council. The expansion of the electrical grid is needed to help meet the current and future energy needs of southwest Connecticut and the region. The cost estimate has been updated to reflect current costs associated with changes needed to address technical issues introduced by the extensive amount of underground transmission being proposed (45 miles of overhead and 24 miles of underground construction) and a two-year delay in the project in-service date from 2007 to 2009. The variation in the cost range is due to unknown soil and rock conditions that may be encountered during construction and a provision for other contingencies. The low end of the new estimate is more than $200 million higher than originally estimated in the companies' 2003 application. Additional steps to lower magnetic fields along the overhead portion of the proposed route would add between $70 million and $80 million to the estimated cost. The filing also says that two other alternatives would cost less than the proposed route. These alternatives are more controversial locally as they rely on more miles of overhead construction. The first alternative would involve installing 56 miles overhead and 13 miles underground and would cost and estimated $810 million to $950 million. The second alternative would involve installing 65 miles overhead and four miles underground at an estimated cost of $750 million to $860 million. "Last week, the companies provided the Connecticut Siting Council with three reliable alternatives to meet the area's electric needs," said Anthony Vallillo, UI's president and chief operating officer. "This filing provides the costs of each alternative, so the Siting Council can make a fully informed decision." "While everyone acknowledges the urgent need for the project, the current debate is focused on how much of the line should be buried," said David H. Boguslawski, CL&P's vice president, transmission business. "We stand ready to build any of the technically feasible alternatives." Today's filing updates cost estimates necessitated by project changes recommended last week by the Reliability and Operability Committee (ROC). The committee, composed of representatives of CL&P, UI and ISO New England, announced that it, and its consultants, reached a consensus that installing 24 miles of underground cable will work, as part of the proposed 69 mile route. The committee also reported it cannot support undergrounding beyond the 24 miles because additional underground cable introduces unacceptable risks to the integrity and reliability of the grid. The ROC was created in June 2004 after concerns were raised about maximizing the use of underground cable in the Middletown/Norwalk Project. The Connecticut Siting Council is scheduled to hold hearings on the proposal and the alternatives on January 11 and 13, 2005. A ruling on the proposed project is expected by April 7, 2005. # # # The Connecticut Light and Power Company (CL&P) has been part of everyday life in Connecticut for more than 100 years, providing safe and reliable electric service to homes, neighborhoods and businesses. With more than 1.1 million customers in 149 cities and towns, CL&P is an active member in the communities it serves, offering programs in energy conservation, economic development and environmental education. CL&P is part of the Northeast Utilities System (NYSE: NU). For more information, please visit www.cl- p.com. UI, The United Illuminating Company, was formed in 1899 when the Bridgeport Electric Company merged with the New Haven Electric Company. UI is a regional distribution utility providing electricity and energy-related services to more than 320,000 customers in the Greater New Haven and Greater Bridgeport areas. -----END PRIVACY-ENHANCED MESSAGE-----