-----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, NVRt3MMMevsJ+TomE8xtwOSSJvoP6t6BPFyYp+qYSWLgmNIEBuDFD1zzUXQB0/jr YLFRk2Pp2coli+MDMF8H+w== 0000071297-99-000107.txt : 19991216 0000071297-99-000107.hdr.sgml : 19991216 ACCESSION NUMBER: 0000071297-99-000107 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991215 ITEM INFORMATION: FILED AS OF DATE: 19991215 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: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06564 FILM NUMBER: 99775236 BUSINESS ADDRESS: STREET 1: 25 RESEARCH DR CITY: WESTBOROUGH STATE: MA ZIP: 01582 BUSINESS PHONE: 6173669011 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 of the Securities Exchange Act of 1934 Date of Earliest Event Reported: December 10, 1999 NEW ENGLAND POWER COMPANY (exact name of registrant as specified in charter) Massachusetts 1-6564 04-1663070 (state or other (Commission (I.R.S. Employer jurisdiction of File No.) Identification No.) incorporation) 25 Research Drive, Westborough, Massachusetts 01582 (Address of principal executive offices) (508) 389-2000 (Registrant's telephone number, including area code) Item 5. Other Events - --------------------- On December 10, 1999, the United States Nuclear Regulatory Commission (NRC) issued orders approving the proposed merger between New England Electric System (NEES) and the National Grid Group plc. The approval was required because NEES subsidiary New England Power Company (NEP) owns minority interests in the Seabrook and Millstone 3 nuclear power plants. The NRC orders are conditioned upon the creation of a Special Nuclear Committee of NEP, to be comprised of members who are all U.S. citizens. The Special Nuclear Committee will oversee all matters regarding the operation and finance of NEP's nuclear ownership interests, including NEP's divestiture strategy for those investments. Any changes regarding the Special Nuclear Committee must be approved by the NRC in advance. NEP announced on December 13, 1999, that two new directors will serve on the Special Nuclear Committee. They are L. Joseph Callan, former NRC executive director for operations, who will serve as committee chair, and Philip R. Sharp, former U.S. congressman and currently a lecturer in public policy at Harvard University's John F. Kennedy School of Government. NEP is actively pursuing divestiture of its nuclear interests as required by its restructuring agreements in Massachusetts, Rhode Island, and New Hampshire. The proposed NEES/National Grid merger has been approved or received support from several state and federal regulatory agencies. A final approval is required from the Securities and Exchange Commission under the Public Utility Holding Company Act of 1935. The merger is expected to close by early 2000. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized. NEW ENGLAND POWER COMPANY S/ John G. Cochrane By John G. Cochrane Treasurer Date: December 15, 1999 -----END PRIVACY-ENHANCED MESSAGE-----