U-1/A 1 u-1crraamende2.txt 70-9825 U1A NO.2 File No. 70-9825 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM U-1 APPLICATION/DECLARATION Under THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 NORTHEAST UTILITIES 174 Brush Hill Avenue West Springfield, Massachusetts 08109 THE CONNECTICUT LIGHT AND POWER COMPANY 107 Selden Street Berlin, Connecticut 06037 (Name of companies filing this statement and address of principal executive offices) NORTHEAST UTILITIES (Name of top registered holding company) Cheryl W. Grise, Esq. Senior Vice President, Secretary and General Counsel Northeast Utilities Service Company P.O. Box 270 Hartford, Connecticut 06141-0270 (Name of address of agent for service) The Commission is requested to mail signed copies of all orders, notices and communications to: Jeffrey C. Miller Assistant General Counsel Randy A. Shoop Richard M. Early, Esq. Treasurer Senior Counsel The Connecticut Light and Power Company Northeast Utilities Service Company Company P.O. Box 270 P.O. Box 270 Hartford, Connecticut Hartford, Connecticut 06141-0270 06141-0270 The Application/Declaration, as previously amended, is further amended as follows: A. Item 1, paragraph 4 is restated to read as follows: 4. The Transaction is the result of arm's length negotiations, has been reviewed and approved by the DPUC and found to be in the public interest, is subject to additional DPUC review and should be approved by the Commission. As the DPUC determined, this transaction will not only provide CL&P with a payment of $10 million, it will also relieve CL&P of significant environmental liabilities for the Station, which the record of the DPUC proceedings estimates as being worth an additional $20-$30 million, in addition to the cash consideration. The Transaction is in compliance with the Restructuring Act and will enable CL&P to complete the required divestiture of its non-nuclear generating capacity. The net proceeds of the Transaction will be invested in the Northeast Utilities System Money Pool (as approved in File No. 70-9755, HCAR No. 35-27328, December 28, 2000) and/or other short- term investments until later in 2001 when the proceeds will be used to reduce CL&P's short-term debt drawn down to meet working capital requirements, including tax payments due on the sale of the Millstone generating station. Exhibit I presents CL&P's journal entries to record the effect of the sale, and Exhibit I-1 presents the reconciliation between the amounts shown in paragraph 2 (which were as of November 30, 2000) and the journal entries shown on Exhibit I (which were shown as of February 28, 2001). B. Item 6 paragraph 13(a) is restated to read as follows: ITEM 6. Exhibits and Financial Statements 13. The following exhibits and financial statements are filed herewith: (a) Exhibits B.1 Form of Title Transfer Agreement* D.1 Application to Connecticut Department of Public Utility Control ("DPUC")* D.2 Order of the DPUC* D.3 Joint request to DPUC* D.4 Order of the DPUC** D.5 Application to Federal Energy Regulatory Commission** D.6 Order of Federal Energy Regulatory Commission** E. Map*** F. Opinion of Counsel** H Form of Notice* I. Journal Entries to Record Effect of Sale** I-1. Reconciliation of Net Utility Plant Inservice**** * Filed with the original Application/Declaration. ** Filed with Amendment No. 1. *** Filed with Amendment No. 1 under cover of Form SE. **** Filed with this Amendment No. 2. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned companies have duly caused this amendment to be signed on their behalf by the undersigned officer or attorney thereunto duly authorized. Date: April 30, 2001 NORTHEAST UTILITIES By: /S/ Randy A. Shoop Randy A. Shoop Its Assistant Treasurer - Finance THE CONNECTICUT LIGHT AND POWER COMPANY By: /S/ Randy A. Shoop Randy A. Shoop Its Treasurer