-----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, Dbje8f7jMenzpFtstcGSo56RsOwE6GKkCck3+fP/RJhiwjG8J8qXVth32d5DSrKO Evz4i75n2zLLa1HchMMzmA== 0000072741-02-000088.txt : 20020709 0000072741-02-000088.hdr.sgml : 20020708 20020708164324 ACCESSION NUMBER: 0000072741-02-000088 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020708 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: 070-09839 FILM NUMBER: 02698032 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 nurule24070802.txt NU RULE 24 CERT FILE NO. 70-9839 070802 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Application of Northeast ) CERTIFICATE PURSUANT TO Utilities, Western Massachusetts ) RULE 24 UNDER THE Electric Company and The Connecticut ) PUBLIC UTILITY HOLDING Light and Power Company ) COMPANY ACT OF 1935 on Form U-1 File No. 70-9839 ) Pursuant to the requirements of Rule 24 under the Public Utility Holding Company Act of 1935, as amended (the "Act"), Northeast Utilities ("NU"), a registered public utility holding company, Western Massachusetts Electric Company ("WMECO"), an electric utility subsidiary of NU, both located in West Massachusetts and The Connecticut Light and Power Company ("CL&P"), an electric utility subsidiary of NU located in Berlin, Connecticut (collectively, "Applicants") certify that certain of the transactions, as proposed in the Application/Declaration to the Commission on Form U-1 (File No. 70-9839), as amended, and authorized by order of the Commission in Public Utility Holding Company Act Release No. 35-27529, dated May 16, 2002, have been carried out in accordance with the terms and conditions of and for the purposes represented by the Application/Declaration and the Commission's order with respect thereto. In such order the Commission granted authorization, through December 31, 2004, for CL&P to repurchase shares of its common stock from NU out of capital or unearned surplus, in an amount up to $100 million and for WMECO to repurchase shares of its common stock from NU out of capital or unearned surplus, in an amount up to $21 million, all from the proceeds from the sale of their respective interests in the Millstone Station nuclear generating facility. The Applicants certify that, on June 27, 2002, WMECO repurchased 75,043 of its common shares from NU for an aggregate amount of $13,999,271 out of capital or unearned surplus and (ii) on June 28, 2002, CL&P repurchased 772,890 of its common shares from NU for an aggregate amount of $49,995,454 out of capital or unearned surplus. WMECO's and CL&P's senior debt securities were rated investment grade by at least one rating agency on such dates. Submitted with this Certificate is the "past tense" opinion of counsel. Exhibits F-2 - Post Effective Opinion of Counsel SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the Applicants have duly caused this Certificate to be signed on its behalf by the undersigned hereunto duly authorized. Northeast Utilities Western Massachusetts Electric Company The Connecticut Light and Power Company By: /s/ David R. McHale Name: David R. McHale Title: Vice President and Treasurer of Northeast Utilities Service Company, as Agent for the above-named companies Dated: July 8, 2002 EX-99.11 OPIN COUNSL 3 rule24exhf2070802.txt OPINION OF COUNSEL 070802 Exhibit F-2 July 8, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Judiciary Plaza Washington, D.C. 20549 Re: Northeast Utilities Application/Declaration on Form U-1 File No. 70-9839 Ladies and Gentlemen: I am Assistant General Counsel of Northeast Utilities Service Company (NUSCO), a service company affiliate of Northeast Utilities ("NU"), Western Massachusetts Electric Company ("WMECO") and The Connecticut Light and Power Company ("CL&P"). In connection with the transactions contemplated by the Application/Declaration, as amended, in the above referenced file (the "Application"), I have acted as counsel to NU, WMECO and CL&P. This opinion is given to you with respect to the repurchase of common shares by each of CL&P and WMECO from NU out of capital or unearned surplus. Except as otherwise defined herein, terms used herein shall have the meanings given them in the Application. 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, originals or copies certified to my satisfaction of such corporate records of NU, CL&P and WMECO, certificates of public officials and of officers of NU, WMECO and CL&P, and agreements, instruments and other documents, as I have necessary as a basis for the opinions expressed below. In my examination 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 Commonwealth of Massachusetts, the State of Connecticut 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 Commonwealth of Massachusetts or the State of Connecticut, and do not hold myself out as an expert in the laws of such Commonwealth and State, although I have made a study of relevant laws of such Commonwealth and State. In expressing opinions about matters governed by the laws of the Commonwealth of Massachusetts and the State of Connecticut, I have consulted with counsel who are employed by NUSCO and are members of the bar of such Commonwealth and State. I have assumed that the transactions were carried out in conformity with the requisite authorizations, approvals, consents or exemptions under the securities laws of the various States and other jurisdictions of the United States. Based on and subject to the foregoing, I am of the opinion that: 1. All state laws applicable to the repurchase of common shares by each of WMECO and CL&P from NU out of capital or unearned surplus have been complied with. 2. NU and WMECO are each validly organized and duly existing under the laws of the Commonwealth of Massachusetts and CL&P is validly organized and duly existing under the laws of the State of Connecticut. 3. Each of CL&P and WMECO has legally acquired their respective common shares from NU. 4. The repurchase of shares from NU by CL&P and WMECO out of capital or unearned surplus did not violate the legal rights of the holders of any securities issued by NU, CL&P or WMECO or any associate company thereof. I hereby consent to the use of this opinion in connection with the filing of the certificate under Rule 24. Very truly yours, /s/ Jeffrey C. Miller Jeffrey C. Miller Assistant General Counsel Northeast Utilities Service Company -----END PRIVACY-ENHANCED MESSAGE-----