-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, GDAyBlxppOe9Iey3dBY2YSrr9NDjpskyOwMKWo/BTLQ0GDRodhbj8Pe1OgkDmrdB PZeAn3clM2u6mNbXoy3Mpg== 0000071297-94-000005.txt : 19940215 0000071297-94-000005.hdr.sgml : 19940215 ACCESSION NUMBER: 0000071297-94-000005 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19940214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW ENGLAND ELECTRIC SYSTEM CENTRAL INDEX KEY: 0000071297 STANDARD INDUSTRIAL CLASSIFICATION: 4911 IRS NUMBER: 041663060 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 35 SEC FILE NUMBER: 070-08261 FILM NUMBER: 94507570 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01581 BUSINESS PHONE: 5083669011 35-CERT 1 File No. 70-7765/70-8261 CERTIFICATE OF NOTIFICATION (Rule 24) to the SECURITIES AND EXCHANGE COMMISSION by GRANITE STATE ELECTRIC COMPANY (Granite) MASSACHUSETTS ELECTRIC COMPANY (Mass Electric) NARRAGANSETT ENERGY RESOURCES COMPANY (NERC) THE NARRAGANSETT ELECTRIC COMPANY (Narragansett) NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION (NEET) NEW ENGLAND ENERGY INCORPORATED (NEEI) NEW ENGLAND HYDRO FINANCE COMPANY, INC. (Hydro Finance) NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC. (Mass Hydro) NEW ENGLAND HYDRO-TRANSMISSION CORPORATION (NH Hydro) NEW ENGLAND POWER COMPANY (NEP) NEW ENGLAND POWER SERVICE COMPANY (NEPSCO) NEW ENGLAND ELECTRIC SYSTEM (NEES) It is hereby certified that the transactions detailed below, which were covered by the Statement on Form U-1 as amended and the Orders of the Securities and Exchange Commission dated September 7, 1990, January 7, 1991, March 3, 1992 and March 29, 1993 (File No. 70-7765) and October 29, 1993 and December 1, 1993 (File No. 70-8261) with respect thereto, have been carried out in accordance with the terms and conditions of and for the purposes represented in said Statement and Orders of the Commission. During the quarter ended December 31, 1993, Borrowing Companies made new money borrowings as indicated in Exhibit A-1 hereto, the proceeds of which were used to pay construction costs or to reimburse the treasury therefor, to retire outstanding securities, to repay money pool borrowing, or to repay maturing commercial paper or bank loans which were issued in the third instance to pay construction costs or to reimburse the treasury therefor, and for other corporate purposes. The maximum concurrent amount of short-term borrowings outstanding during the quarter and the amount outstanding at the end of the quarter is shown in Exhibit A-1. During the quarter ended December 31, 1993, participants in the money pool made investments therein as indicated in Exhibit A-2 hereto. Attached as Exhibit B are letters from Merrill Lynch Money Markets Inc. containing representations that the sales and resales of commercial paper purchased or repurchased by them and covered by this Certificate were made only to customers designated in their non-public list. The required "Past Tense" Opinion of Counsel is filed herewith. SIGNATURES Pursuant to the requirements of the Public Utility Holding Company Act of 1935, each undersigned company has duly caused this Certificate of Notification, Commission's File No. 70-7765/70-8261, to be signed on its behalf by the undersigned officers thereunto duly authorized. NEW ENGLAND ELECTRIC SYSTEM MASSACHUSETTS ELECTRIC COMPANY NEW ENGLAND POWER COMPANY NEW ENGLAND POWER SERVICE COMPANY s/ Michael E. Jesanis By Michael E. Jesanis, Treasurer THE NARRAGANSETT ELECTRIC COMPANY s/ John G. Cochrane By John G. Cochrane, Assistant Treasurer GRANITE STATE ELECTRIC COMPANY s/ Howard W. McDowell By Howard W. McDowell, Treasurer NARRAGANSETT ENERGY RESOURCES COMPANY NEW ENGLAND ENERGY INCORPORATED NEW ENGLAND HYDRO FINANCE COMPANY, INC. NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION NEW ENGLAND HYDRO-TRANSMISSION CORPORATION NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC. s/ John G. Cochrane By John G. Cochrane, Treasurer Date: February 14, 1994 The name "New England Electric System" means the trustee or trustees for the time being (as trustee or trustees but not personally) under an agreement and declaration of trust dated January 2, 1926, as amended, which is hereby referred to, and a copy of which as amended has been filed with the Secretary of the Commonwealth of Massachusetts. Any agreement, obligation or liability made, entered into or incurred by or on behalf of New England Electric System binds only its trust estate, and no shareholder, director, trustee, officer or agent thereof assumes or shall be held to any liability therefor. EX-99 2 EXHIBIT INDEX Exhibit No. Description Page - ----------- ----------- ---- A-1 Borrowing Log Filed under cover of Form SE A-2 Investment Log Filed under cover of Form SE B Merrill Lynch Money Markets Inc. Filed under cover Representation Letter of Form SE F Past Tense Opinion Filed herewith EX-5 3 PAST TENSE OPINION OF COUNSEL 25 Research Drive, Westborough, Massachusetts 01582 ==================================================== February 14, 1994 Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549 RE: New England Electric System et al. File No. 70-7765 Dear Commissioners: An application on Form U-1 dated July 26, 1990, and subsequent amendments thereto, were filed with your Commission in the above-referenced proceeding relating to short-term borrowings by various New England Electric System (NEES) subsidiaries and participation in the NEES Money Pool by NEES and various NEES subsidiaries during the period from November 1, 1990, through October 31, 1993. During the effective period of the authority, certain subsidiaries were added or deleted as participants and certain subsidiaries changed the nature of their participation, all as described in Post-Effective Amendments. Orders authorizing the proposed transactions dated September 21, 1990, January 7, 1991, March 3, 1992, and March 29, 1993, have been issued by your Commission (HCAR Nos. 25156, 25238, 25483, and 25772, respectively). As reported in the certificate of notification dated May 15, 1992, from January 6, 1992 through January 15, 1992, due to a misunderstanding of the status of its short-term borrowing authority, one of the subsidiaries, New England Hydro-Transmission Corporation made unauthorized borrowings from the Pool. The maximum outstanding borrowing by NH Hydro from the Pool was $275,000 and the average was $185,000 during the period, compared to average total investments in the Pool of approxiamtely $103 million during the same period. I have reviewed the aforementioned orders of your Commision, and my opinions dated September 20, 1990, January 4, 1991, September 12, 1991, and March 11, 1993, to the Form U-1 in the above-referenced proceeding. I hereby confirm the opinions contained therein. I have been advised that, except as above described, the borrowings and investments by NEES and its subsidiaries were in each instance made on the terms and within the limitations set forth in the filing and in said orders. Very truly yours, ` s/ Robert King Wulff Robert King Wulff Corporation Counsel -----END PRIVACY-ENHANCED MESSAGE-----