-----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, PYan7/NNj1mTWTVSMug8qIqt8xD3IqZMA4Isat2CnOp0v8vkix7A/DqRE1XKo8Sf 6uTKZ/3HYgy5aFY/cupiMQ== /in/edgar/work/20000825/0000072741-00-000200/0000072741-00-000200.txt : 20000922 0000072741-00-000200.hdr.sgml : 20000922 ACCESSION NUMBER: 0000072741-00-000200 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000825 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHEAST UTILITIES SYSTEM CENTRAL INDEX KEY: 0000072741 STANDARD INDUSTRIAL CLASSIFICATION: [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: 710087 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 0001.txt NUSCO QTRYLY RPT FILING UNDER RULE 24 OF 35 ACT File No. 70-9541 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 ) 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 quarter ended June 30, 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 June 30, 2000 ---------------------- (thousands of dollars) % ----------- ----- Common shareholders' equity: Common shares $ 75,849 3.4% Capital surplus, paid in 415,371 18.7 Retained earnings 192,311 8.7 Total Common shareholders' equity 683,531 30.8 Preferred stock 216,200 9.8 Long-term and short-term debt 1,316,669 59.4 ---------- ----- $2,216,400 100.0% ========== ===== A common dividend of $24,999,777.66 was paid to NU. North Atlantic Energy Corporation (NAEC) As of June 30, 2000 ---------------------- (thousands of dollars) % ----------- ----- Common shareholders' equity: Common shares $ 1 0.0% Capital surplus, paid in 160,999 32.3 Retained earnings 1,777 0.4 Total Common shareholders' equity 162,777 32.7 Long-term and short-term debt 335,000 67.3 ---------- ----- $ 497,777 100.0% ========== ===== A common dividend of $7,000,000.00 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 Poor's 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. NU represents that during the quarter ended June 30, 2000, internal cash funds available during the quarter, confirmed with financing activities set forth below, were sufficient to fund each company's normal business operations. Internal cash funds available during the quarter were not supplemented with external borrowings during the quarter.
Net cash flows Cash Net cash flows (used in)/ Net cash flows beginning provided by provided by (used in) Cash of period operating investing financing end of period 04/01/2000 activities activities activities 06/30/2000 ---------- -------------- -------------- -------------- ------------- (Thousands of Dollars) CL&P $ 6,527 $45,792 $ (5,342) $(36,428) $ 10,549 PSNH 248,365 11,696 (15,610) (26,325) 218,126 WMECO 167 26,271 (20,227) (6,099) 112 NAEC 104 23,746 53,150 (77,000) -
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 ----------------------------- John J. Roman Vice President and Controller Northeast Utilities P.O. Box 270 Hartford, CT 06141-0270 August 25, 2000
-----END PRIVACY-ENHANCED MESSAGE-----