-----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, Ly99DV2PbRjbu/RvRu223WB5+4lqM+MIeF9QbfGBg+h8T0rcv3PQ6h7V8bsBb13J U5JRn1Ne1fvjlIf/G3lc9A== 0000071297-98-000006.txt : 19980218 0000071297-98-000006.hdr.sgml : 19980218 ACCESSION NUMBER: 0000071297-98-000006 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19980217 SROS: BSE SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW ENGLAND ELECTRIC SYSTEM CENTRAL INDEX KEY: 0000071297 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041663060 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-08675 FILM NUMBER: 98540750 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01581 BUSINESS PHONE: 5083669011 35-CERT 1 File No. 70-8679/70-8675/70-9089 CERTIFICATE OF NOTIFICATION (Rule 24) to the SECURITIES AND EXCHANGE COMMISSION by GRANITE STATE ELECTRIC COMPANY (Granite) MASSACHUSETTS ELECTRIC COMPANY (Mass Electric) NANTUCKET ELECTRIC COMPANY (NEC) NARRAGANSETT ENERGY RESOURCES COMPANY (NERC) THE NARRAGANSETT ELECTRIC COMPANY (Narragansett) NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION (NEET) NEW ENGLAND ENERGY INCORPORATED (NEEI) 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 October 25, 1995 (File No. 70-8679), December 27, 1995 (File No. 70-8675) and October 29, 1997 (File No. 70-9089) with respect thereto, have been carried out in accordance with the terms and conditions of and for the purposes represented in said Statements and Orders of the Commission. During the quarter ended December 31, 1997, Borrowing Companies made new money borrowings as indicated in Exhibit A-1 hereto, the proceeds of which were used to pay then outstanding notes initially issued to banks and/or dealers in commercial paper and/or borrowings from the Money Pool, to provide new money for capitalizable expenditures and/or to reimburse the treasury therefor, and for other corporate purposes relating to ordinary business operations, including working capital and the financing of construction and property acquisitions. 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. Required "Past Tense" Opinion of Counsel is filed herewith. No funds borrowed were paid by a subsidiary company to NEES through dividends for the purpose of NEES acquiring an interest in an exempt wholesale generator or in a foreign utility company. 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 Nos.70-8679, 70-8675 and 70-9089 to be signed on their 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 GRANITE STATE ELECTRIC COMPANY THE NARRAGANSETT ELECTRIC COMPANY s/John G. Cochrane By _______________________________ John G. Cochrane Assistant Treasurer NANTUCKET ELECTRIC COMPANY NARRAGANSETT ENERGY RESOURCES COMPANY NEW ENGLAND ENERGY INCORPORATED 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 17, 1998 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 herewith F Past Tense Opinion Filed of Counsel herewith EX-99 3 EXHIBIT A-1 Exhibit A-1 NANTUCKET ELECTRIC COMPANY BORROWING LOG
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT ---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------ BEGINNING TOTAL @ 10/ 1/97 300 10/ 1/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 2/97 49.48 49.48 300 MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 2/97 4.12 4.12 25 ------ TOTAL BORROWINGS 325 MATURITIES ( 300) ------ DAILY TOTAL 25 325 10/ 2/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 3/97 45.35 45.35 275 MATURITIES ( 325) ------ DAILY TOTAL ( 50) 275 10/ 3/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/ 6/97 45.35 136.06 275 MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 3 10/ 6/97 8.25 24.74 50 ------ TOTAL BORROWINGS 325 MATURITIES ( 275) ------ DAILY TOTAL 50 325 10/ 6/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 7/97 53.60 53.60 325 MATURITIES ( 325) ------ DAILY TOTAL 0 325 10/ 7/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 8/97 53.60 53.60 325 MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/ 8/97 8.25 8.25 50 ------ TOTAL BORROWINGS 375 MATURITIES ( 325) ------ DAILY TOTAL 50 375 10/ 8/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/ 9/97 53.60 53.60 325 MATURITIES ( 375) ------ DAILY TOTAL ( 50) 325 10/ 9/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/10/97 41.23 41.23 250 MATURITIES ( 325) ------ DAILY TOTAL ( 75) 250 10/10/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 4 10/14/97 37.11 148.43 225 MATURITIES ( 250) ------ DAILY TOTAL ( 25) 225 10/14/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/15/97 32.98 32.98 200 MATURITIES ( 225) ------ DAILY TOTAL ( 25) 200 10/15/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/16/97 20.61 20.61 125 MATURITIES ( 200) ------ DAILY TOTAL ( 75) 125 10/16/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/17/97 20.61 20.61 125 MATURITIES ( 125) ------ DAILY TOTAL 0 125 10/17/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/20/97 20.61 61.84 125 MATURITIES ( 125) ------ DAILY TOTAL 0 125 10/20/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/21/97 12.37 12.37 75 MATURITIES ( 125) ------ DAILY TOTAL ( 50) 75 10/21/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/22/97 12.37 12.37 75 MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/22/97 8.25 8.25 50 ------ TOTAL BORROWINGS 125 MATURITIES ( 75) ------ DAILY TOTAL 50 125 10/22/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/23/97 20.61 20.61 125 MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/23/97 4.12 4.12 25 ------ TOTAL BORROWINGS 150 MATURITIES ( 125) ------ DAILY TOTAL 25 150 10/23/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/24/97 24.74 24.74 150 MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/24/97 8.25 8.25 50 ------ TOTAL BORROWINGS 200 MATURITIES ( 150) ------ DAILY TOTAL 50 200 10/24/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 3 10/27/97 12.37 37.11 75 MATURITIES ( 200) ------ DAILY TOTAL ( 125) 75 10/27/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/28/97 8.25 8.25 50 MATURITIES ( 75) ------ DAILY TOTAL ( 25) 50 10/28/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/29/97 4.12 4.12 25 MATURITIES ( 50) ------ DAILY TOTAL ( 25) 25 10/29/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/30/97 4.12 4.12 25 MONEYPOOL MONEYPOOL NEW MONEY 5.937% 5.937% 1 10/30/97 8.25 8.25 50 ------ TOTAL BORROWINGS 75 MATURITIES ( 25) ------ DAILY TOTAL 50 75 10/30/97: MONEYPOOL MONEYPOOL ROLLOVER 5.937% 5.937% 1 10/31/97 4.12 4.12 25 MATURITIES ( 75) ------ DAILY TOTAL ( 50) 25 10/31/97: MATURITIES ( 25) 0 12/31/97: MONEYPOOL MONEYPOOL NEW MONEY 6.306% 6.306% 1 1/ 1/98 4.38 4.38 25 25 TEMPORARY BORROWING STATISTICS ------------------------------ 10/ 1/97 TO 12/31/97 -------------------- BORROWINGS AT 12/31/97 $ 25000
EX-5 4 EXHIBIT F Exhibit F 25 Research Drive, Westborough, Massachusetts 01582 =================================================== February 13, 1998 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Re: File No. 70-8675 Dear Commissioners: An Application/Declaration on Form U-1, dated August 21, 1995, and amendments thereto, were filed with your Commission in the above-referenced proceeding relating to the acquisition of Nantucket Electric Company (Nantucket) and short-term borrowings by Nantucket from the NEES Money Pool and banks. An order dated December 27, 1995 (HCAR 35-26439) was issued by your Commission authorizing the proposed transactions. I have reviewed my opinion dated December 26, 1997, filed as Exhibit F-1 in File No. 70-8675, and hereby confirm the statements made therein. I have been advised that the borrowings by Nantucket were in each instance made on the terms and within the limitations set forth in the filing and in said order. Based on the foregoing, it is my opinion that the transactions authorized in HCAR 35-26439 were carried out in accordance with the Application/Declaration as amended. Very truly yours s/Kirk L. Ramsauer Kirk L. Ramsauer Associate General Counsel -----END PRIVACY-ENHANCED MESSAGE-----