-----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, HbeBMl0sxL/NkdZNOPKZCV8PJvwrlOqQtac2JXkO6+2er64P9ak3IfTg0jphfDmh bPTYapADOLLxI/1A3YZlPQ== 0000071297-98-000007.txt : 19980218 0000071297-98-000007.hdr.sgml : 19980218 ACCESSION NUMBER: 0000071297-98-000007 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: 070-08901 FILM NUMBER: 98540782 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01581 BUSINESS PHONE: 5083669011 35-CERT 1 File No.70-8901/70-9109 CERTIFICATE OF NOTIFICATION (Rule 24) SECURITIES AND EXCHANGE COMMISSION by NEW ENGLAND ELECTRIC SYSTEM (NEES) It is hereby certified that the transactions detailed below, which were covered by the Statements on Form U-l as amended and the Orders of the Securities and Exchange Commission dated October 9, 1996 and December 10, 1997 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 as follows: During the quarter ended December 31, 1997, NEES made new money borrowings as indicated in Exhibit A-1 hereto. 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. The required "Past Tense" Opinion of Counsel is filed herewith. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of l935, the undersigned company has duly caused this certificate of notification to be signed on its behalf by the undersigned officer thereunto duly authorized. NEW ENGLAND ELECTRIC SYSTEM s/Michael E. Jesanis By Michael E. Jesanis Vice President and 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 NEW ENGLAND ELECTRIC SYSTEM (TRUST) 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 0 12/11/97: BK NOTE FNBB NEW MONEY 6.375% 6.375% 7 12/18/97 885.42 6197.92 5000 5000 12/17/97: COMM PAP MER LYNCH NEW MONEY 6.030% 6.049% 19 1/ 5/98 837.50 15912.50 5000 10000 12/18/97: COMM PAP MER LYNCH NEW MONEY 6.050% 6.068% 18 1/ 5/98 420.14 7562.50 2500 MATURITIES ( 5000) ------ DAILY TOTAL ( 2500) 7500 12/19/97: COMM PAP MER LYNCH NEW MONEY 5.600% 5.603% 3 12/22/97 2177.78 6533.33 14000 COMM PAP MER LYNCH NEW MONEY 5.650% 5.653% 3 12/22/97 5022.22 15066.67 32000 COMM PAP MER LYNCH NEW MONEY 5.900% 5.962% 63 2/20/98 163.89 10325.00 1000 COMM PAP 1 ST BOST NEW MONEY 6.000% 6.032% 32 1/20/98 833.33 26666.67 5000 COMM PAP 1 ST BOST NEW MONEY 5.900% 5.959% 60 2/17/98 819.44 49166.67 5000 COMM PAP 1 ST BOST NEW MONEY 5.800% 5.885% 90 3/19/98 805.56 72500.01 5000 COMM PAP 1 ST BOST NEW MONEY 5.620% 5.623% 3 12/22/97 4683.33 14050.00 30000 ------ TOTAL BORROWINGS 92000 99500 12/22/97: COMM PAP 1 ST BOST ROLLOVER 5.650% 5.651% 1 12/23/97 4708.33 4708.33 30000 COMM PAP MER LYNCH ROLLOVER 5.630% 5.631% 1 12/23/97 5004.44 5004.44 32000 COMM PAP MER LYNCH ROLLOVER 6.000% 6.035% 35 1/26/98 833.33 29166.67 5000 COMM PAP MER LYNCH ROLLOVER 5.900% 5.963% 64 2/24/98 655.56 41955.56 4000 COMM PAP MER LYNCH ROLLOVER 5.800% 5.886% 91 3/23/98 805.56 73305.56 5000 ------ TOTAL BORROWINGS 76000 MATURITIES ( 76000) ------ DAILY TOTAL 0 99500 12/23/97: COMM PAP MER LYNCH ROLLOVER 5.700% 5.705% 6 12/29/97 5066.67 30400.00 32000 COMM PAP 1 ST BOST ROLLOVER 5.650% 5.655% 6 12/29/97 4708.33 28250.00 30000 COMM PAP 1 ST BOST NEW MONEY 5.650% 5.655% 6 12/29/97 235.42 1412.50 1500 ------ TOTAL BORROWINGS 63500 MATURITIES ( 62000) ------ DAILY TOTAL 1500 101000 12/29/97: COMM PAP MER LYNCH ROLLOVER 5.600% 5.601% 1 12/30/97 4977.78 4977.78 32000 COMM PAP 1 ST BOST ROLLOVER 5.650% 5.651% 1 12/30/97 4943.75 4943.75 31500 ------ TOTAL BORROWINGS 63500 MATURITIES ( 63500) ------ DAILY TOTAL 0 101000 12/30/97: COMM PAP MER LYNCH ROLLOVER 6.250% 6.253% 3 1/ 2/98 3472.22 10416.67 20000 COMM PAP MER LYNCH NEW MONEY 6.250% 6.253% 3 1/ 2/98 173.61 520.83 1000 COMM PAP MER LYNCH ROLLOVER 5.650% 5.728% 87 3/27/98 1883.33 163850.02 12000 COMM PAP 1 ST BOST ROLLOVER 5.640% 5.718% 87 3/27/98 2467.50 214672.48 15750 COMM PAP 1 ST BOST ROLLOVER 5.640% 5.715% 84 3/24/98 2467.50 207269.98 15750 ------ TOTAL BORROWINGS 64500 MATURITIES ( 63500) ------ DAILY TOTAL 1000 102000 TEMPORARY BORROWING STATISTICS ------------------------------ 10/ 1/97 TO 12/31/97 -------------------- BORROWINGS AT 12/31/97 $102000000
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: New England Electric System Issuance and Sale of Short-Term Notes File No. 70-8901 Dear Commissioners: The statement on Form U-1, as amended, relating to short- term borrowings by New England Electric System, in amounts not to exceed the maximum aggregate amount of $100 million outstanding at any one time, became effective pursuant to the Commission's Order dated October 9, 1996 (HCAR 35- 26589) (the October Order). The Company made no borrowings under the October Order. The October Order has been superseded by the Commission's Order dated December 10, 1997 (HCAR 35-26793). I have reviewed my opinion dated September 23, 1996. I confirm the opinions therein. Very truly yours, s/Kirk L. Ramsauer Kirk L. Ramsauer Associate General Counsel -----END PRIVACY-ENHANCED MESSAGE-----