-----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, Td1ui6iVXjFsitxxp3gj/pW/Jnlki9ipztRcIAfN7Z9WdfN+WWB+OR1o72SnI9nL BpAQOjOZmMPYVDbombIU7g== 0000072741-00-000148.txt : 20000522 0000072741-00-000148.hdr.sgml : 20000522 ACCESSION NUMBER: 0000072741-00-000148 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHEAST UTILITIES SYSTEM CENTRAL INDEX KEY: 0000072741 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 042147929 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-09541 FILM NUMBER: 640260 BUSINESS ADDRESS: STREET 1: 174 BRUSH HILL AVE CITY: WEST SPRINGFIELD STATE: MA ZIP: 01090-0010 BUSINESS PHONE: 4137855871 MAIL ADDRESS: STREET 1: 107 SELDON ST CITY: BERLIN STATE: CT ZIP: 06037-1616 35-CERT 1 NUSCO QTRYLY RPT FILING UNDER RULE 24 OF 35 ACT UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Application of Northeast ) Utilities , The Connecticut ) Light and Power Company, ) Public Service Company of ) CERTIFICATE PURSUANT TO New Hampshire, Western ) RULE 24 UNDER THE PUBLIC Massachusetts Electric ) UTILITY HOLDING COMPANY ACT Company , North Atlantic ) OF 1935 Energy Corporation, NU ) Enterprises, Inc., Northeast ) Generation Company, ) Northeast Generation ) Services Company, Select ) Energy, Inc., Select Energy ) Portland Pipeline, Inc., ) HEC Inc., Select Energy ) Contracting, Inc., Reeds ) Ferry Supply Co., Inc., ) HEC Energy Consulting ) Canada, Inc. on Form U-1 ) (File No. 70-9541) ) Pursuant to the requirements of Rule 24 under the Public Utility Holding Company Act of 1935, Northeast Utilities ("NU"), a registered holding company, hereby files this quarterly report as required by the Securities and Exchange Commission's order authorizing payment of dividends, share repurchases and share issuance in connection with restructuring by NU and certain subsidiaries (HCAR. No. 27147; March 7, 2000, File No. 70-9541) ("Order"). For the first quarter ended March 31, 2000, the following information is reported pursuant to the Order. 1) A total capitalization calculation to include a breakdown of the common stock equity account and by percentage for each equity and debt category for the period ending for each Applicant that indicates the amount, if any, of dividends paid to NU and/or the amount of repurchased stock from NU during the quarter; total capitalization is to include all short-term debt and current maturities. The Connecticut Light and Power Company (CL&P) As of March 31, 2000 ------------------------------------ (thousands of dollars) % ---------------------- ----- Common shareholders' equity: Common shares $ 75,849 3.4% Capital surplus, paid in 412,755 18.5 Retained earnings 200,058 9.0 ---------- ----- Total Common shareholders' equity 688,662 30.9 Preferred stock 315,739 14.2 Long-term and short-term debt 1,223,899 54.9 ---------- ----- $2,228,300 100.0% ========== ===== 4,638,046 shares were repurchased for $299,999,946.59. Western Massachusetts Electric Company (WMECO) As of March 31, 2000 ------------------------------------ (thousands of dollars) % ---------------------- ----- Common shareholders' equity: Common shares $ 14,752 2.9% Capital surplus, paid in 93,976 18.2 Retained earnings 49,041 9.5 ---------- ----- Total Common shareholders' equity 157,769 30.6 Preferred stock 36,500 7.1 Long-term and short-term debt 320,749 62.3 ---------- ----- $ 515,018 100.0% ========== ===== 482,378 shares were repurchased for $89,999,820.06. North Atlantic Energy Corporation (NAEC) As of March 31, 2000 ------------------------------------ (thousands of dollars) % ---------------------- ----- Common shareholders' equity: Common shares $ 1 0.0% Capital surplus, paid in 160,999 28.4 Retained earnings 505 0.1 ---------- ----- Total Common shareholders' equity 161,505 28.5 Long-term and short-term debt 405,000 71.5 ---------- ----- $ 566,505 100.0% ========== ===== A common dividend of $20,000,000 was paid to NU. There were no dividends paid to NU and /or repurchased stock from NU for the other applicants during this quarter. 2) The current senior debt rating of each Applicant to include a representation that the rating is at or above investment grade. The current senior debt ratings issued by Standard and Poors Corporation of CL&P, WMECO and Public Service Company of New Hampshire (PSNH) are each BBB-, which is an investment grade rating. None of the other applicants have senior debt ratings. 3) The amount of cash-on-hand both during the quarter and as of the end of each quarter for CL&P, PSNH, WMECO, and NAEC to include a representation as to whether internal cash funds available during the quarter were sufficient to fund each company's normal business operations or had to be supplemented with borrowings. Internal cash funds available during the quarter were not supplemented with external borrowings during the quarter.
Net cash flows Net cash flows Cash Net cash flows provided by provided by/ beginning provided by (used in) (used in) Cash of period operating investing financing end of period 01/01/2000 activities activities activities 03/31/2000 ---------- -------------- -------------- ------------ ------------- (Thousands of Dollars) CL&P $ 364 $52,340 $537,327 $(583,504) $ 6,527 PSNH 182,588 77,826 (10,724) (1,325) 248,365 WMECO 950 14,346 180,221 (195,350) 167 NAEC - 53,929 (33,825) (20,000) 104
SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this Certificate to be signed on its behalf by the undersigned thereunto duly authorized. /s/ John J. Roman Vice President and Controller Northeast Utilities Service Company P.O. Box 270 Hartford, CT 06141-0270 May 19, 2000
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