-----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, KLGu8AUOfG5/ntTRsJaOQJYAJAInJSzo0X7dGsJ3R8KHrYFcTbxc5SRfDJL5Pb0M vKPI4bMDg0pqfC/pcgOFEg== /in/edgar/work/0000072741-00-000245/0000072741-00-000245.txt : 20001129 0000072741-00-000245.hdr.sgml : 20001129 ACCESSION NUMBER: 0000072741-00-000245 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001128 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: 777687 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 September 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 September 30, 2000 ------------------------ (thousands of dollars) % ---------- ------ Common shareholders' equity: Common shares $ 75,849 3.4% Capital surplus, paid in 413,795 18.3 Retained earnings 208,816 9.3 ---------- ----- Total Common shareholders' equity 698,460 31.0 Preferred stock 216,200 9.6 Long-term and short-term debt 1,339,615 59.4 ---------- ----- $2,254,275 100.0% ========== ===== A common dividend of $9,999,911.07 was declared on September 20, 2000 and was paid to NU on September 30, 2000. Western Massachusetts Electric Company (WMECO) As of September 30, 2000 ------------------------ (thousands of dollars) % ---------- ------ Common shareholders' equity: Common shares $ 14,752 2.8% Capital surplus, paid in 94,212 18.0 Retained earnings 52,223 10.0 ---------- ----- Total Common shareholders' equity 161,187 30.8 Preferred stock 36,500 7.0 Long-term and short-term debt 325,299 62.2 ---------- ----- $ 522,986 100.0% ========== ===== A common dividend of $8,001,661.08 was declared on September 14, 2000 and was paid to NU on September 30, 2000. Public Company of New Hampshire (PSNH) As of September 30, 2000 ------------------------ (thousands of dollars) % ---------- ------ Common shareholders' equity: Common shares $ 1 0.0% Capital surplus, paid in 426,623 36.0 Retained earnings 326,983 27.6 ---------- ----- Total Common shareholders' equity 753,607 63.6 Preferred stock 25,000 2.1 Long-term and short-term debt 407,285 34.3 ---------- ----- $1,185,892 100.0% ========== ===== A common dividend of $50,000,000.00 was declared on August 21, 2000 and was paid to NU on October 1, 2000. North Atlantic Energy Corporation (NAEC) As of September 30, 2000 ------------------------ (thousands of dollars) % ---------- ------ Common shareholders' equity: Common shares $ 1 0.0% Capital surplus, paid in 160,999 32.3 Retained earnings 1,840 0.4 ---------- ----- Total Common shareholders' equity 162,840 32.7 Long-term and short-term debt 335,000 67.3 ---------- ----- $ 497,840 100.0% ========== ===== A common dividend of $8,000,000.00 was declared on September 20, 2000 and was paid to NU on September 30, 2000. 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 PSNH are each BBB- and BB+ for NAEC, 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. NU represents that during the quarter ended September 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 except for CL&P.
Net cash flows Net cash flows Net cash flows Cash provided by/ (used in)/ provided by/ beginning (used in) provided by (used in) Cash end of period operating investing financing of period 07/01/2000 activities activities activities 09/30/2000 ---------- -------------- -------------- ------------- ---------- (Thousands of Dollars) CL&P $ 10,549 $78,367 $(92,284) $ 8,610 $ 5,242 PSNH 218,126 76,461 (14,086) (109,863) 170,638 WMECO 112 (3,050) 3,151 (101) 112 NAEC - 31,419 (23,375) (8,000) 44
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 November 28, 2000
-----END PRIVACY-ENHANCED MESSAGE-----