-----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, Ek1VsGo8SlY2SjCsfAQBAWVMND1QFiFm7XlwbgMha+KZxQgzDMIX8xTm+Rd/xmA/ +MfpJjiYo7HTj4ndFiHCxQ== 0000072741-01-500144.txt : 20020410 0000072741-01-500144.hdr.sgml : 20020410 ACCESSION NUMBER: 0000072741-01-500144 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011114 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: 1935 Act SEC FILE NUMBER: 070-09541 FILM NUMBER: 1788939 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 fileno709541.txt 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 ) Services, 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, 2001, 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, 2001 ------------------------ (thousands of dollars) % ----------- ----- Common shareholders' equity: Common shares $ 75,849 2.4% Capital surplus, paid in 414,066 13.2 Retained earnings 269,612 8.6 ---------- ----- Total Common shareholders' equity 759,527 24.2 Preferred stock 116,200 3.7 Long-term and short-term debt 823,208 26.2 Rate reduction bonds 1,438,400 45.9 ---------- ----- $3,137,335 100.0% ========== ===== A common dividend of $15,018,070.32 was declared on September 12, 2001 and was paid to NU on Setpember 30, 2001. Western Massachusetts Electric Company (WMECO) As of September 30, 2001 ------------------------ (thousands of dollars) % ----------- ----- Common shareholders' equity: Common shares $ 12,742 2.7% Capital surplus, paid in 82,277 17.8 Retained earnings 61,921 13.4 ---------- ----- Total Common shareholders' equity 156,940 33.9 Long-term and short-term debt 151,567 32.7 Rate reduction bonds 155,000 33.4 ---------- ----- $ 463,507 100.0% ========== ===== A common dividend of $2,999,968.72 was declared on September 26, 2001 and was paid to NU on September 30, 2001. Public Service Company of New Hampshire (PSNH) As of September 30, 2001 ------------------------ (thousands of dollars) % ----------- ----- Common shareholders' equity: Common shares $ - - % Capital surplus, paid in 165,373 12.9 Retained earnings 160,250 12.4 ---------- ----- Total Common shareholders' equity 325,623 25.3 Long-term and short-term debt 434,285 33.8 Rate reduction bonds 525,000 40.9 ---------- ----- $1,284,908 100.0% ========== ===== A common dividend of $8,999,997.56 was declared on August 13, 2001 and was paid to NU on September 30, 2001. There were no other 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. As of September 30, 2001 the senior debt ratings issued by Standard and Poor's Corporation of CL&P, WMECO and 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. NU represents that during the quarter ended September 30, 2001 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 Net cash flows Cash provided by/ Net cash flows (used in)/ beginning (used in) (used in) provided by Cash end of period operating investing financing of period 6/30/2001 activities activities activities 9/30/2001 --------- -------------- -------------- -------------- --------- (Thousands of Dollars) CL&P $ 611 $119,924 $(99,615) $(20,476) $ 444 PSNH 6,237 33,217 (21,930) (8,843) 8,681 WMECO 1 (3,269) (14,072) 23,408 6,068 NAEC - 12,023 (12,023) - -
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 14, 2001
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