-----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, GfGnCr/hzHtl3w8xmhwdKBEWpdbQCAs+/D29KvNqH72K/D7D6htP+QjTcx5WgWIt 9z0eo3C+Mi42vfs2Kif8Sw== 0000071297-98-000027.txt : 19980401 0000071297-98-000027.hdr.sgml : 19980401 ACCESSION NUMBER: 0000071297-98-000027 CONFORMED SUBMISSION TYPE: U-9C-3 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980331 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: U-9C-3 SEC ACT: SEC FILE NUMBER: 074-00009 FILM NUMBER: 98582380 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01581 BUSINESS PHONE: 5083669011 U-9C-3 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-9C-3 QUARTERLY REPORT PURSUANT TO RULE 58 FOR THE QUARTER ENDED DECEMBER 31, 1997 NEW ENGLAND ELECTRIC SYSTEM 25 Research Drive, Westborough, MA 01582
NEW ENGLAND ELECTRIC SYSTEM For The Quarter Ended December 31, 1997 ITEM 1 - ORGANIZATION CHART Percentage Energy or State of voting Name of Reporting Gas-Related Date of of Securities Company Company Organization Organization Held Nature of Business - ----------------- ----------- ------------ ------------ ----------- -------------------------------------- N/A for Fourth Quarter
NEW ENGLAND ELECTRIC SYSTEM For The Quarter Ended December 31, 1997 Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS Type of Principal Issue Cost Person to Collateral Consideration Security Amount of or of Whom Security Given with Received for Company Issuing Security Issued Security Renewal Capital Was Issued Security Each Security - ------------------------ -------- --------- ------- ------- -------------- ----------- ------------- AllEnergy Marketing Membership $5.3 Issue N/A NEES Energy, Inc. - $5.3 Co., L.L.C. interest AllEnergy Marketing Membership $ .1 Issue N/A NEES Global - $ .1 Co., L.L.C. interest Transmission, Inc. *Expressed in millions, rounded to hundred thousands of dollars
NEW ENGLAND ELECTRIC SYSTEM For The Quarter Ended December 31, 1997 (cont'd.) Item 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS (expressed in millions, rounded to hundred thousands of dollars) Company Company Amount of Contributing Receiving Capital Capital Capital Contribution ------------ --------- ------------ NEES Energy, Inc. AllEnergy Marketing Co., L.L.C. 7.5 NEES Global Transmission, Inc. HydroServ Group, L.L.C. * NEES Global Transmission, Inc. AllEnergy Marketing Co., L.L.C. .1 AllEnergy Marketing Co., L.L.C. Weatherwise USA, LLC .2 * Amounts are less than $100,000
NEW ENGLAND ELECTRIC SYSTEM For The Quarter Ended December 31, 1997 Item 3 - ASSOCIATE TRANSACTIONS (expressed in millions, rounded to hundred thousands of dollars) Part I - Transactions performed by reporting companies on behalf of associate companies Direct Indirect Total Reporting Company Associate Company Types of Services Costs Costs Cost of Amount Rendering Services Receiving Services Rendered Charged Charged Capital Billed ------------------ ------------------ ----------------- ------- ------- ------- ------ N/A Part II - Transactions performed by associate companies on behalf of reporting companies Direct Indirect Total Associate Company Reporting Company Types of Services Costs Costs Cost of Amount Rendering Services Receiving Services Rendered Charged Charged Capital Billed ------------------ ------------------ ----------------- ------- ------- ------- ------ Massachusetts Electric Granite State Energy, Miscellaneous (3) (1) (1) (1) Company Inc. New England Power Co. New England Energy, Inc. Miscellaneous (1) (1) (1) New England Power Co. New England Energy, Inc. Fuel Purchase $1.5 $1.5 New England Power Co. AllEnergy Marketing Power purchase (1) (1) (1) Co., LLC New England Power Co. AllEnergy Marketing Miscellaneous (1) (1) (1) Co., LLC New England Power Co. Granite State Energy, Power purchase $.2 (1) $.2 Inc. New England Power New England Energy, Inc. Miscellaneous (2) (1) (1) $0.1 Service Co. New England Power Granite State Energy, Miscellaneous (1) (1) (1) Service Co. Inc. New England Power AllEnergy Marketing Sales Planning $0.1 (1) $0.1 Service Co. Co., LLC New England Power AllEnergy Marketing Service Co. Co., LLC Miscellaneous (4) $0.1 (1) $0.1 (1) Amounts are below $100,000 (2) Represents 12 types of services with each type of service totaling less than $100,000. (3) The customer service portion of the service agreement between Granite State Energy Company and New England Power Service Company has been assigned to Massachusetts Electric Company, in accordance with its terms. (4) Represents 13 types of services with each type of service totaling less than $100,000.
NEW ENGLAND ELECTRIC SYSTEM At December 31, 1997 ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT (expressed in millions rounded to hundred thousands of dollars) Investment in energy-related companies: Total consolidated capitalization as of December 31, 1997 (1) $3,612.9 line 1 Total capitalization multiplied by 15 percent 541.9 line 2 (line 1 multiplied by 0.15) Greater of $50 million or line 2 541.9 line 3 Total current aggregate investment: (categorized by major line of energy- related business) Power marketing and other 18.6 Energy software 2.1 ------- Total current aggregate investment 20.7 line 4 ---- Difference between the greater of $50 million or 15 percent of capitalization and the total aggregate investment of the registered holding company system (lines 3 less line 4) $521.2 line 5 (1) Consolidated capitalization includes total common equity, cumulative preferred stock, long-term debt (including long-term debt due within one year), and short-term debt.
NEW ENGLAND ELECTRIC SYSTEM For The Quarter Ended December 30, 1997 ITEM 5 - OTHER INVESTMENTS Reason for Major Line Other Other Difference or Energy-Related Investment in Investment in Other Business Last U-9C-3 Report in U-9C-3 Report Investment - ----------------- ------------------ ---------------- ---------- N/A NEW ENGLAND ELECTRIC SYSTEM For The Quarter Ended December 31, 1997 ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS (A) Exhibit 1 Certificate stating that a copy of the report for the previous quarter has been filed with interested state commissions. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this report to be signed on its behalf by the undersigned officer thereunto duly authorized. NEW ENGLAND ELECTRIC SYSTEM s/John G. Cochrane _______________________________ John G. Cochrane, Treasurer March 31, 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 ----------- ----------- ---- 1 Certificate stating that a Filed herewith copy of the report for the previous quarter has been filed with interested state commissions. EX-99 3 EXHIBIT 1 CERTIFICATE ------------------- A copy of the Form U-9C-3 report for the previous quarter (quarter ended September 30, 1997) has been filed with the interested state commissions in accordance with Rule 58 under the Public Utility Holding Company Act of 1935. The names and addresses of such state commissions are as follows: Mrs. Luly Massaro, Clerk Rhode Island Public Utilities Commission 100 Orange Street Providence, Rhode Island 02903 Mary L. Cottrell, Secretary Massachusetts Department of Public Utilities 100 Cambridge Street Boston, MA 02202 Mr. Thomas B. Getz Executive Director and Secretary New Hampshire Public Utilities Commisssion 8 Old Suncook Road Concord, New Hampshire 03301 SIGNATURE: NEW ENGLAND ELECTRIC SYSTEM s/John G. Cochrane By_______________________________ Name: John G. Cochrane Title: Treasurer Date: March 31, 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 therefore. -----END PRIVACY-ENHANCED MESSAGE-----