-----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, LK0bSnezC9Gmay5BCjaZJm7Wna0YIWNu39PjXdG2+VbbZEoC3uqTqUZIWqhe4oXG DX5r7EiW1sofCQRXesn45Q== 0001079182-00-000045.txt : 20000516 0001079182-00-000045.hdr.sgml : 20000516 ACCESSION NUMBER: 0001079182-00-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20000515 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NIAGARA MOHAWK POWER CORP /NY/ CENTRAL INDEX KEY: 0000071932 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 150265555 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-02987 FILM NUMBER: 631829 BUSINESS ADDRESS: STREET 1: 300 ERIE BLVD W CITY: SYRACUSE STATE: NY ZIP: 13202 BUSINESS PHONE: 3154741511 MAIL ADDRESS: STREET 1: 300 ERIE BLVD W CITY: SYRACUSE STATE: NY ZIP: 13202 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL NEW YORK POWER CORP DATE OF NAME CHANGE: 19710419 8-K 1 As filed with the Securities and Exchange Commission on May 15, 2000 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 - MAY 12, 2000 Commission Registrant, State of Incorporation I.R.S. Employer File Number Address and Telephone Number Identification No. - ----------- ------------------------------------- ------------------ 0-25595 NIAGARA MOHAWK HOLDINGS, INC. 16-1549726 (a New York corporation) 300 Erie Boulevard West Syracuse, New York 13202 Telephone 315-474-1511 1-2987 NIAGARA MOHAWK POWER CORPORATION 15-0265555 (a New York corporation) 300 Erie Boulevard West Syracuse, New York 13202 Telephone 315-474-1511 Item 5. Other Events - --------------------- (a) On May 12, 2000, Niagara Mohawk Power Corporation issued a press release regarding the termination of its June 24, 1999 agreement with AmerGen Energy Co. to sell its ownership of Nine Mile Point Units 1 and 2 nuclear plants (Exhibit No. 99-1). (b) On May 12, 2000, Niagara Mohawk Power Corporation issued a press release relating to the closing on the sale of its Albany oil and gas-fired electric generation station. See press release attached (Exhibit No. 99-2). (c) On May 12, 2000, Niagara Mohawk Power Corporation closed on the issuance of $200 million, 8-7/8 percent series senior notes due May 15, 2007. The senior notes will have an effective rate of 8.919 percent and are optionally redeemable in whole or in part at any time. Item 7. Financial Statements and Exhibits - ------------------------------------------ Exhibits - Following is the list of Exhibits furnished in accordance with the provisions of Item 601 of Regulation S-K, filed as part of this current report on Form 8-K. Exhibit No. 99-1 - Press release issued on May 12, 2000 regarding the termination of its June 24, 1999 agreement with AmerGen Energy Co. to sell its ownership of Nine Mile Point Units 1 and 2 nuclear plants. Exhibit No. 99-2 - Press release issued on May 12, 2000 by Niagara Mohawk Power Corporation relating to the closing on the sale of its Albany oil and gas-fired electric generation station. NIAGARA MOHAWK HOLDINGS, INC. AND SUBSIDIARY COMPANIES SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. NIAGARA MOHAWK HOLDINGS, INC. ----------------------------- (Registrant) Date: May 15, 2000 By: /s/Steven W. Tasker ----------------------------- Steven W. Tasker Vice President-Controller and Principal Accounting Officer, in his respective capacities as such NIAGARA MOHAWK POWER CORPORATION -------------------------------- (Registrant) Date: May 15, 2000 By: /s/Steven W. Tasker ----------------------------- Steven W. Tasker Vice President-Controller and Principal Accounting Officer, in his respective capacities as such EXHIBIT INDEX ------------- Following is the index of Exhibits furnished in accordance with the provisions of Item 601 of Regulation S-K, filed as part of this current report on Form 8-K. Exhibit No. 99-1 - Press release issued on May 12, 2000 regarding the termination of its June 24, 1999 agreement with AmerGen Energy Co. to sell its ownership of Nine Mile Point Units 1 and 2 nuclear plants. Exhibit No. 99-2 - Press release issued on May 12, 2000 by Niagara Mohawk Power Corporation relating to the closing on the sale of its Albany oil and gas-fired electric generation station. EX-99 2 EXHIBIT NO. 99-1 News Release NIAGARA MOHAWK, AMERGEN END NUCLEAR SALE AGREEMENTS SYRACUSE-May 12 - Agreements by Niagara Mohawk Power Corp. for the sale of its nuclear assets to AmerGen Energy Co. have been mutually ended, the two companies said today. Niagara Mohawk is now free to pursue a competitive process for the sale of the assets. AmerGen, a joint venture of PECO Energy Co. and British Energy, remains interested in purchasing the plants and will participate in the sale process that develops, the company said. AmerGen agreed to purchase Niagara Mohawk's Nine Mile Point nuclear assets in June 1999. Nine Mile Point is a two-unit boiling water reactor site. Nine Mile 1, a 614-megawatt unit, began producing electricity in 1969. Nine Mile 2, a 1,140-megawatt unit, began producing electricity in 1988. Niagara Mohawk operates both plants. The plants are located in Scriba, N.Y., approximately 40 miles north of Syracuse. Niagara Mohawk is the sole owner of Nine Mile 1. Nine Mile 2 co-owners are: Niagara Mohawk (41 percent), New York State Electric and Gas Corp. (18 percent), Long Island Power Authority (18 percent), Rochester Gas and Electric Corp. (14 percent), and Central Hudson Gas & Electric Corp. (9 percent). EX-99 3 EXHIBIT NO. 99-2 News Release NIAGARA MOHAWK COMPLETES SALE OF ALBANY STEAM STATION SYRACUSE, May 12 -- Niagara Mohawk Power Corp., a wholly owned subsidiary of Niagara Mohawk Holdings, Inc. (NYSE:NMK), today announced the closing of the sale of its 400-megawatt Albany Steam Station in the Town of Bethlehem, Albany County, to PSEG Power N.Y. LLC for $47.5 million. PSEG Power is an unregulated subsidiary of Public Service Enterprise Group, Inc. (NYSE:PSEG), a diversified energy company headquartered in Newark, N.J. This sale represents continued progress toward the full divestiture of our generating assets," said William E. Davis, chairman and chief executive officer of Niagara Mohawk Holdings. "We will use the proceeds from the sale to retire capital and build shareholder value." Most Niagara Mohawk employees at Albany Steam Station have accepted employment offers from PSEG Power N.Y., which will extend the current union contract to Oct. 31, 2004. Albany Steam Station is located on the west shore of the Hudson River, about three miles south of the City of Albany. Niagara Mohawk is a regulated energy delivery company with the largest service territory in New York state. The company serves more than 1.5 million electricity customers and more than 530,000 natural gas customers across 24,000 square miles. -----END PRIVACY-ENHANCED MESSAGE-----