-----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, Am86DupCwBpmoEJwudxa4fYgXp84jOIUqg7HtpgkilNt0qb18MT5jy1YG8HGAJCR R9ArPCmq3iw+CJa3Gar0ig== 0000071297-98-000057.txt : 19980928 0000071297-98-000057.hdr.sgml : 19980928 ACCESSION NUMBER: 0000071297-98-000057 CONFORMED SUBMISSION TYPE: U-1/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980925 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-1/A SEC ACT: SEC FILE NUMBER: 070-09347 FILM NUMBER: 98715139 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01582 BUSINESS PHONE: 5083669011 MAIL ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01582 U-1/A 1 File No. 70-9347 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 AMENDMENT No. 3 TO FORM U-1 APPLICATION/DECLARATION UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 NEW ENGLAND POWER COMPANY AND NEW ENGLAND ELECTRIC SYSTEM 25 Research Drive Westborough, Massachusetts 01582 (Names of companies filing this statement and address of principal executive office) NEW ENGLAND ELECTRIC SYSTEM (Name of top registered holding company parent of applicant) John G. Cochrane Robert King Wulff Treasurer Corporation Counsel 25 Research Drive 25 Research Drive Westborough, Massachusetts 01582 Westborough, Massachusetts 01582 (Names and addresses of agents for service) Form U-1 Application/Declaration under the Public Utility Holding Company Act of 1935, File No. 70-9347, is hereby further amended by adding the following to Item 1: "On September 1, 1998, NEP and another subsidiary of NEES completed the sale of the nonnuclear generating business to USGen New England, Inc. As reflected in the proforma financial statements incorporated herein, NEP received $1.55 billion for the sale ($1.59 billion was received by all NEES Companies combined) and approximately $140 million in reimbursements for costs associated with early retirements and special severance programs for employees affected by industry restructuring and the value of inventories." SIGNATURE --------- Pursuant to the requirements of the Public Utility Holding Company Act of 1935, each undersigned company has duly caused this amendment to be signed on its behalf by the undersigned thereunto duly authorized by each such company. NEW ENGLAND ELECTRIC SYSTEM NEW ENGLAND POWER COMPANY s/Kirk L. Ramsauer ____________________________ Kirk L. Ramsauer Associate General Counsel Date: September 25, 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. -----END PRIVACY-ENHANCED MESSAGE-----