-----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, LTIlPv1sheUJTfvxpotQMRBrTNbGRDad7sq7hxTgZNmsFf1QZzOmFlSfvliRslj2 4QOMEHTQJcvwwxKzD+upiQ== 0000072741-02-000027.txt : 20020414 0000072741-02-000027.hdr.sgml : 20020414 ACCESSION NUMBER: 0000072741-02-000027 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020208 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: 070-09697 FILM NUMBER: 02530859 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 psnhrule24020702.txt PSNH RRB 35 CERT 020702 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 APPLICATION/DECLARATION ON FORM U-1 : CERTIFICATE PURSUANT TO UNDER THE PUBLIC UTILITY HOLDING : RULE 24 UNDER THE PUBLIC COMPANY ACT OF 1935 WITH RESPECT : UTILITY HOLDING COMPANY TO THE ISSUANCE OF RATE REDUCTION : ACT OF 1935 BONDS AND RELATED TRANSACTIONS : : THE CONNECTICUT LIGHT AND POWER COMPANY, WESTERN MASSACHUSETTS ELECTRIC COMPANY AND PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE (FILE NO. 70-9697) Pursuant to the requirements of Rule 24 under the Public Utility Holding Company Act of 1935, as amended (the "Act"), Public Service Company of New Hampshire ("PSNH"), an electric utility subsidiary of Northeast Utilities, a registered holding company under the Act, certifies that certain of the transactions, as proposed in the Application/Declaration to the Commission on Form U-1 (File No. 70-9697), as amended (the "Application/Declaration"), and authorized by order of the Commission in HCAR No. 27319 (December 26, 2000) and HCAR No. 27364 (March 23, 2001) (collectively, the "Order"), have been carried out in accordance with the terms and conditions of and for the purposes represented by the Application/Declaration and of the Order. Specifically, on or before January 30, 2002 (a) PSNH formed PSNH Funding LLC 2, which is a new special purpose entity, limited liability company subsidiary; (b) PSNH acquired the equity interests in PSNH Funding LLC 2; (c) in a transaction using the One Security Format, PSNH Funding LLC 2 issued RRBs, which in turn were sold to investors; and (d) PSNH entered into a servicing agreement and an administration agreement with PSNH Funding LLC 2. Capitalized terms used herein and not otherwise defined are used as defined in the Application/Declaration. Submitted with this Certificate are the following exhibit and material financing documents relating to the consummated transaction: C1 Registration Statement on Form S-3 for the PSNH Funding LLC 2 RRBs (File No. 333-76040) Underwriting Agreement dated January 16, 2002 (Exhibit 1.1, PSNH Funding LLC 2 Form 8-K dated January 30, 2002) ("8K") Limited Liability Company Agreement of PSNH Funding LLC 2 dated as of December 10, 2001 (Exhibit 3.2, 8K) Indenture dated as of January 30, 2002, including form of Bond (Exhibits 4.1 and 4.2, PSNH Funding LLC 2, 8K) Purchase and Sale Agreement dated as of January 30, 2002 (Exhibit 10.1, PSNH Funding LLC 2, 8K) Servicing Agreement dated as of January 30, 2002 (Exhibit 10.2, PSNH Funding LLC 2, 8K) Administration Agreement dated as of January 30, 2002 (Exhibit 10.3, PSNH Funding LLC 2,8K) Fee and Indemnity Agreement dated as of January 30, 2002 (Exhibit 10.4, PSNH Funding LLC 2, 8K) Also submitted with this Certificate is the "past tense" opinion of counsel. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, as amended, the undersigned company has duly caused this Certificate to be signed on its behalf by the undersigned hereunto duly authorized. PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE By: Gregory B. Butler /s/ Gregory B. Butler Gregory B. Butler Vice President, Secretary and General Counsel Date: February 7, 2002 EX-99.11 OPIN COUNSL 3 psnhrrblegop020602.txt JCH LEG OPIN 020602 February 6, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: SEC File No. 70-9697 Ladies and Gentlemen: I am Assistant General Counsel of Northeast Utilities Service Company ("NUSCO"), a service company affiliate of Northeast Utilities ("NU"). I have acted as counsel for The Connecticut Light and Power Company ("CL&P"), Western Massachusetts Electric Company ("WMECO"), and Public Service Company of New Hampshire ("PSNH" and, together with CL&P and WMECO, each a "Utility" and collectively the "Utilities"), subsidiaries of NU who are parties to the Application/Declaration, as amended, on Form U-1 in File No. 70- 9697 (the "Application") in connection with the Utilities' filing on June 15, 2000 with the Securities and Exchange Commission (the "Commission") under the Public Utility Holding Company Act of 1935, as amended (the "Act"). In the Application, the Utilities sought the approval of the Commission for the following proposed transactions that were described therein: (a) the formation of several new subsidiaries, which are expected to be limited liability companies (each a special purpose entity, or "SPE"); (b) the acquisition by each Utility of the equity interests in one or more SPEs; (c) the issuance by the SPEs of RRBs or other related debt instruments and the sale of such RRBs or other instruments either to investors or to a special purpose trust created by one or more agencies of the relevant state; and (d) the entry by each of the Utilities into servicing agreements and administration agreements with the SPEs. Capitalized terms used herein and not otherwise defined are used as defined in the Application. On or before January 30, 2002, certain of the transactions, as proposed in the Application and authorized by order of the Commission in HCAR No. 27319 (December 26, 2000) and HCAR No. 27364 (March 23, 2001) (collectively, the "Order"), were carried out (the "Consummated Transactions"). Specifically, (a) PSNH formed PSNH Funding LLC 2, which is a new special purpose entity, limited liability company subsidiary; (b) PSNH acquired the equity interest in PSNH Funding LLC 2; (c) in a transaction using the One Security Format, PSNH Funding LLC 2 issued RRBs, which in turn were sold to investors; and (d) PSNH entered into a servicing agreement and an administration agreement with PSNH Funding LLC 2. In connection with this opinion, I have examined or caused to be examined by counsel associated with or engaged by me, including counsel who are employed by NUSCO, the Application and the exhibits thereto, originals or copies certified to my satisfaction of such corporate records of PSNH, certificates of public officials and of officers of PSNH, and agreements, instruments and other documents, as I have deemed necessary as a basis for the opinions expressed below. In my examination of such agreements, instruments and documents, I have assumed the genuineness of all signatures, the authenticity of all agreements, instruments and documents submitted to me as originals, and the conformity to original agreements, instruments and documents of all agreements, instruments and documents submitted to me as certified, conformed or photostatic copies and the authenticity of the originals of such copies. The opinions set forth herein are limited to the laws of the State of New Hampshire and the federal laws of the United States. I am a member of the bar of the State of New York. I am not a member of the bar of the State of New Hampshire, and do not hold myself out as an expert in the laws of New Hampshire. In expressing opinions about matters governed by the laws of the State of New Hampshire, I have consulted with counsel engaged by me and with counsel who are employed by NUSCO and are members of the bar of such State. I have assumed that the Consummated Transactions were carried out in conformity with the Securities Act of 1933 and the Securities Exchange Act of 1934, each as amended, and the requisite authorizations, approvals, consents or exemptions under the securities laws of the various States and other jurisdictions of the United States. Based upon and subject to the foregoing, I am of the opinion that: (a) All State laws applicable to the Consummated Transactions were complied with; (b) PSNH Funding LLC 2 was validly organized and duly existing; (c) The RRBs issued by PSNH Funding LLC 2 as contemplated in the Application and authorized by the Order were valid and binding obligations of PSNH Funding LLC 2 in accordance with their terms; (d) PSNH Funding LLC 2 legally acquired RRB Property from PSNH; (e) PSNH legally acquired the equity interests in PSNH Funding LLC 2; and (f) The consummation of the Consummated Transactions did not violate the legal rights of the holders of any of the securities issued by PSNH or any associate company thereof. I hereby consent to the filing of this opinion as an exhibit to the certificate filed pursuant to Rule 24 under the Act and in any proceedings before the Commission that may be held in connection therewith. Very truly yours, /s/ Jeffrey C. Miller Jeffrey C. Miller Assistant General Counsel -----END PRIVACY-ENHANCED MESSAGE-----