U-1/A

                                   File No. 70-10045



             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549

                       AMENDMENT NO. 1
                             TO
                          FORM U-1

                   APPLICATION/DECLARATION

                            Under

       THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

                     NORTHEAST UTILITIES
                    174 Brush Hill Avenue
            West Springfield, Massachusetts 01089

                    NU ENTERPRISES, INC.
                     SELECT ENERGY, INC.
                      107 Selden Street
                      Berlin, CT  06037

                SELECT ENERGY NEW YORK, INC.
                       507 Plum Street
                     Syracuse, New York

   (Name of companies filing this statement and address of
               principal executive offices)

                     NORTHEAST UTILITIES
           (Name of top registered holding company)

                    Gregory Butler, Esq.
        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:

David R. McHale                    Jeffrey C. Miller
Vice President and Treasurer       Assistant General Counsel
Northeast Utilities Service        Northeast Utilities Service Company
Company                            107 Selden Street
107 Selden Street                  Berlin, CT  06037
Berlin, CT 06037

The Application/Declaration in this file is amended so as to
file Exhibit H thereto attached hereto.

Item 6.  Exhibits and Financial Statements

         (a)      Exhibits

    F         Preliminary opinion of counsel*

    H         Form of notice

         (b)      Financial Statements*


  *Exhibits and Financial Statements will be filed by
  amendment.


                  [SIGNATURE PAGE FOLLOWS]


                       SIGNATURE

         Pursuant to the requirements of the Public Utility
Holding Company Act of 1935,  the  undersigned  company has
duly caused this amended Form U-1 to be signed on its behalf
by the officer indicated below.

      Northeast Utilities
      NU Enterprises, Inc.
      Select Energy, Inc.
      Select Energy New York, Inc.



By:	  /s/ Randy A. Shoop
Name:   Randy A. Shoop
Title:  Assistant Treasurer - Finance
        of Northeast Utilities Service Company
        as Agent for the above named companies.

Dated:  February 13, 2002

EX-99

EXHIBIT H  FORM OF NOTICE

     Notice is hereby given that the following filing(s) has/have
been made with the Commission pursuant to provisions of the Public
Utility Holding Company Act of 1935 (the "Act") and rules promulgated
under the Act. All interested persons are referred to the
applications(s) and/or declaration(s) for complete statements of the
proposed transactions(s) summarized below. The application(s) and/or
declarations(s) and any amendments is/are available for public
inspection through the Commission's Branch of Public Reference.

     Interested persons wishing to comment or request a hearing on the
applications(s) and/or declaration(s) should submit their views in
writing by ___________, 2002 to the Secretary, Securities and Exchange
Commission, Washington, D.C. 20549-0609, and serve a copy on the
relevant applicant(s) and/or declarant(s) at the address(es)specified
below. Proof of service (by affidavit or, in case of an attorney at
law, by certificate) should be filed with the request. Any request for
hearing should identify specifically the issues of facts or law that
are disputed. A person who so requests will be notified of any hearing,
if ordered, and will receive a copy of any notice or order issued in
the matter. After __________, 2002, the application(s) and/or
declaration(s), as filed or as amended, may be granted and/or permitted
to become effective.

Northeast Utilities (70-10045)

     Northeast Utilities ("NU"), a public utility holding company under
the Act, its wholly-owned subsidiary, NU Enterprises, Inc. ("NUEI"),
NUEI's wholly-owned subsidiary, Select Energy, Inc. ("Select") and
Select's wholly-owned subsidiary, Select Energy New York, Inc. ("SENY"
and collectively with NU, NUEI and Select, the "Applicants"), all
located at 107 Selden Street, Berlin, Connecticut 06037,
have filed an application/declaration under Sections 6(a), 7, 9(a), 10
and 12 of the Act and Rules 42 and 54 with respect to the ownership of
and investment in Select and SENY outside the constraints of Rule 58
under the Act, and the performance of energy-related activities by
Select and SENY not specifically authorized under Rule 58.

     NU and NUEI request authority to (i) own Select and SENY outside
Rule 58 and to make investments in Select and SENY, with such
investments, along with existing investments, not subject to the
limitations of Rule 58 and (ii) to issue guarantees and other forms of
credit support ("Guarantees") of up to $750 million for the benefit of
the direct and indirect nonutility subsidiaries of NU through September
30, 2005. 

     The Applicants state that mainly as a result of restructuring
initiatives in Connecticut and Massachusetts which resulted in the sale
of most of the generating assets of the operating utilities in the NU
system, the total consolidated capitalization of NU was approximately
$6.1 billion as of December 31, 2000.  Applicants further state that
while the "securitization" of regulatory assets in the first half of
2001 increased NU's capitalization to approximately $6.8 billion at
September 30, 2001, the rate reduction bonds which were issued will
amortize far more rapidly than traditional utility assets, reducing the
capitalization base for Rule 58 investments accordingly.  The
Applicants assert that the financial constraints of Rule 58 could
impose obstacles to the success of NU's strategy of increasing its
marketing and brokering business.  By seeking the exclusion of NU's
existing investments in Select and SENY from Rule 58 and seeking to
operate Select and SENY outside of Rule 58, NU asserts that it would be
preserving room under Rule 58 for future investment.

     Applicants further state that investments in Select and SENY may
take the form of equity contributions, open account advances or loans
made directly by NU or made through NUEI and Money Pool borrowings by
Select  and that Guarantees may take the form of NU or NUEI agreeing to
guarantee, undertake reimbursement obligations or assume liabilities or
other obligations with respect to or act as surety on, bonds, letters
of credit, evidences of indebtedness, equity commitments, performance
and other obligations undertaken by Select and the other nonutility
subsidiaries.  Applicants assert that Guarantees have become a
necessary component of the energy marketing and brokering business and
NU projects the need to provide Guarantees for 2002 and 2003 in an
aggregate amount up to $750 million at any one time outstanding.
Applicants state that  certain of the Guarantees may be in support of
obligations that are not capable of exact quantification and that, in
those cases, NU will determine the exposure under a Guaranty for
purposes of measuring compliance with the Guaranty limit by standard
industry methods, including estimation of exposure based on loss
experience or projected potential payment amounts.  NU and NUEI
represent that that any Guarantee they issue will be without recourse
to any NU system operating company.

     Select and SENY also request authority to engage in the energy
services enumerated in Rule 58 and to engage in Energy Management
Services and Demand-side Management Services in the United States and
Canada, without the need for further Commission authorization.

     Select and SENY further request authority to engage in the
business of brokering and marketing energy commodities, including but
not limited to electricity, natural gas and other combustible fuels
(including incidental related services, such as fuel management,
storage and procurement) anywhere in the world, without the need for
further Commission authorization.  NU requests the Commission to
reserve jurisdiction over Select and SENY engaging in such business
outside of the United States and Canada.

     Select and SENY state that each has employed, and will continue to
employ various risk-management strategies, including entering into
off-setting physical delivery contracts, the purchase and sale of
derivative instruments, such as options and futures contracts, for
purposes of hedging a physical position, and an appropriate mix of long
and short term contracts.  To that end, Select and SENY also seek
authority to perform "hedging" activities and trading activities,
including  interest rate swaps, caps, collars, floors, and structured
notes, the trading of  electric and gas transmission contracts,
emission allowances,  weather products, and "paper" hedging products
such as options and forwards, whether or not such activities are tied
to a physical contract, in the United States and Canada.  Applicants
assert that if Select and SENY were not able to trade in such hedges
and products, each would be at a distinct disadvantage to those
marketers and traders who are not encumbered by the restrictions of the
Act.

     For the Commission by the Division of Investment Management, under
delegated authority.

- ------------------------------------------------------------



 Guarantees issued by NUEI are exempt under Rule 52.
This information is provided for background purposes.


- ------------------------------------------------------------