-----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, JCN3Ver9VHqIwS3ywuZpv8+f/sYKPMb34pf/lNdQffFt9TlpiE2apD3BE3dVIvva 8grxihgRL8OwAWymSP9ARQ== 0000072741-03-000117.txt : 20030616 0000072741-03-000117.hdr.sgml : 20030616 20030613180553 ACCESSION NUMBER: 0000072741-03-000117 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030613 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030616 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: 03744413 BUSINESS ADDRESS: STREET 1: SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037-1616 BUSINESS PHONE: 8606655000 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN MASSACHUSETTS ELECTRIC CO CENTRAL INDEX KEY: 0000106170 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041961130 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07624 FILM NUMBER: 03744409 BUSINESS ADDRESS: STREET 1: 174 BRUSH HILL AVE CITY: WEST SPRINGFIELD STATE: MA ZIP: 01089 BUSINESS PHONE: 4137855871 MAIL ADDRESS: STREET 1: 107 SELDON ST CITY: BERLIN STATE: CT ZIP: 06037-1616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE CO OF NEW HAMPSHIRE CENTRAL INDEX KEY: 0000315256 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 020181050 STATE OF INCORPORATION: NH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06392 FILM NUMBER: 03744411 BUSINESS ADDRESS: STREET 1: 1000 ELM ST CITY: MANCHESTER STATE: NH ZIP: 03105 BUSINESS PHONE: 6036694000 MAIL ADDRESS: STREET 1: 1000 ELM STREET CITY: MANCHESTER STATE: NH ZIP: 03105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHEAST UTILITIES SYSTEM CENTRAL INDEX KEY: 0000072741 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 042147929 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05324 FILM NUMBER: 03744407 BUSINESS ADDRESS: STREET 1: 174 BRUSH HILL AVE CITY: WEST SPRINGFIELD STATE: MA ZIP: 01090-0010 BUSINESS PHONE: 4137855871 MAIL ADDRESS: STREET 1: 107 SELDEN ST CITY: BERLIN STATE: CT ZIP: 06037-1616 8-K 1 nuetal8k061303.txt NU, CL&P, PSNH & WMECO 8-K 061303 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) June 13, 2003 ------------------- Commission Registrant; State of Incorporation I.R.S. Employer File Number Address and Telephone Number Identification No. 1-5324 NORTHEAST UTILITIES 04-2147929 (a Massachusetts voluntary association) 174 Brush Hill Avenue West Springfield, Massachusetts 01090-0010 Telephone (413) 785-5871 0-11419 THE CONNECTICUT LIGHT AND POWER COMPANY 06-0303850 (a Connecticut corporation) 107 Selden Street Berlin, Connecticut 06037-1616 Telephone (860) 665-5000 1-6392 PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE 02-0181050 (a New Hampshire corporation) 780 North Commercial Street Manchester, New Hampshire 03101-1134 Telephone (603) 669-4000 0-7624 WESTERN MASSACHUSETTS ELECTRIC COMPANY 04-1961130 (a Massachusetts corporation) 174 Brush Hill Avenue West Springfield, Massachusetts 01090-0010 Telephone (413) 785-5871 Not Applicable --------------------- (Former name or former address, if changed since last report) ITEM 7. Financial Statements and Exhibits Exhibit 99 Connecticut Yankee Atomic Power Company ("CYAPC") Press Release dated June 13, 2003. ITEM 9. Regulation FD Disclosure On June 13, 2003, CYAPC issued a press release relating to termination of a decommissioning contract. A copy of the press release is attached as Exhibit 99. Exhibit 99, which is incorporated in this Item 9 by reference thereto, is furnished pursuant to Regulation FD. Northeast Utilities' electric operating subsidiaries collectively own 49% of CYAPC, as follows: CL&P (34.5%); PSNH (5.0%); and WMECO (9.5%). SIGNATURE PAGE TO FOLLOW SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. NORTHEAST UTILITIES PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE WESTERN MASSACHUSETTS ELECTRIC COMPANY (Registrants) By: /s/ Randy A. Shoop Name: Randy A. Shoop Title: Assistant Treasurer - Finance THE CONNECTICUT LIGHT AND POWER COMPANY (Registrant) By: /s/ Randy A. Shoop Name: Randy A. Shoop Title: Treasurer Date: June 13, 2003 EX-99 3 nuetalexh99061303.txt CY PRESS RELEASE BECHTEL 061303 Exhibit 99 Bechtel Decommissioning Contract Terminated at Connecticut Yankee - Bechtel Failed to Honor Fixed Price Contract HADDAM, Connecticut, June 13, 2003 - Connecticut Yankee Atomic Power Company (CYAPCo) today announced the termination of its contract with Bechtel Power Corporation under which Bechtel was decommissioning the Connecticut Yankee (CY) nuclear power plant. The CY plant, located in Haddam, Connecticut, ceased commercial operations in 1996. CYAPCo officials indicated that Bechtel's contract was terminated due to Bechtel's history of incomplete and untimely performance and refusal to perform the remaining decommissioning tasks. Bechtel has a final opportunity within the next 30 days to resolve its defaults before the termination becomes effective. "Bechtel simply failed to perform its contract obligations," said CY President Jim Crowe. "Bechtel has missed key decommissioning project milestones and has refused to perform work on key aspects of the decommissioning project for commercial reasons," Crowe added. "As a result of Bechtel's unacceptable performance, the decommissioning project is approximately 2 1/2 years behind schedule," Crowe further noted. Crowe emphasized that "this is not safety, security or workmanship related. CY's dissatisfaction with Bechtel's performance is based on financial and schedule related issues." CYAPCo officials further explained that, during the past eight months, CY has attempted to negotiate a resolution of commercial disputes and related problems with Bechtel but without success. Following a rigorous due diligence process and extensive negotiations, Bechtel signed a fixed-price contract to undertake the decommissioning project at CY in 1999. During recent negotiations with CY, Bechtel proposed a new business arrangement which would drastically increase the total cost of CY decommissioning and drastically reduce Bechtel's work scope and risk, as well as extend the completion date to 2007, beyond the current contract completion date of 2004. "We have an obligation to protect regional electric customers who fund decommissioning at CY," explained Crowe. "We have reluctantly reached a point where termination of Bechtel's contract is the best option." CY is jointly owned by nine electric utility companies in New England. The cost of CY decommissioning is reflected in customer rates charged by these companies. "We are fully prepared to take over the role of general contractor, if necessary, and to ensure the safe, timely and cost-effective completion of decommissioning," said Crowe. CY's decommissioning is not unique; several other closed nuclear plants are also in the process of being decommissioned. Comprehensive contingency and transition plans have already been prepared by CY. It is likely that many of the current workers will continue to work at the plant under contracts with CYAPCo. CYAPCo officials indicated that there will likely be some delays in decommissioning work to allow an orderly transition of the project to CYAPCo. -----END PRIVACY-ENHANCED MESSAGE-----