-----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, PbajSMFnyCSwNtEXHTpvWqOq9l06gT23R7dGRUtmqKORfRYipxtH7a8DGE8Q8NEG ZawHOopsrtMf4AO3HpsQog== 0000071297-05-000003.txt : 20050203 0000071297-05-000003.hdr.sgml : 20050203 20050203145711 ACCESSION NUMBER: 0000071297-05-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050131 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050203 DATE AS OF CHANGE: 20050203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW ENGLAND POWER CO CENTRAL INDEX KEY: 0000071337 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041663070 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-26651 FILM NUMBER: 05572934 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01582 BUSINESS PHONE: 5083892000 MAIL ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01582 8-K 1 febnep8k.htm NEP 8-k
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of report (Date of earliest event reported): January 31, 2005


NEW ENGLAND POWER COMPANY

(Exact Name of Registrant as Specified in Charter)


Massachusetts
2-26651
04-1663070
(State or Other Jurisdiction of Incorporation)
(Commission
File Number)
(IRS Employer Identification No.)

25 Research Drive, Westborough, MA 01582
(Address of principal executive offices)

(508) 389-2000
(Registrant's telephone number, including area code)


(Former Name or Former Address, if Changed Since Last Report)




______________________________________________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

______________________________________________________________________________________________

Item 1.01.
Entry into a Material Definitive Agreement.
      On January 31, 2005, the Company entered into a Termination Agreement and Release with USGen New England, Inc. providing for the termination of the PSA Performance Support Agreement (Taunton Municipal Lighting Plant) dated as of August 5, 1997. This agreement is listed as Exhibit 10.17 to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2004. The termination of the PSA Performance Support Agreement is subject to the U.S. Bankruptcy Court's approval of a Settlement Agreement and Release also dated as of January 31, 2005, among the Company, USGen New England, Inc. and Taunton Municipal Lighting Plant.




SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEW ENGLAND POWER COMPANY




Date: February 3, 2005
By
/s/ John G. Cochrane              


John G. Cochrane


Vice President and Chief Financial Officer






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