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.