-----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, J9Kujdaw/JodAPeOWXcdTVwmGt5a2oMOrRg8xB2V//j+tZgRPcgyrdDfu2F/YAIk TMnT9TzGSehzhGZUsD2wiQ== 0000072741-03-000148.txt : 20030826 0000072741-03-000148.hdr.sgml : 20030826 20030826151207 ACCESSION NUMBER: 0000072741-03-000148 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030826 EFFECTIVENESS DATE: 20030826 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: 03866445 BUSINESS ADDRESS: STREET 1: 174 BRUSH HILL AVE CITY: WEST SPRINGFIELD STATE: MA ZIP: 01090-0010 BUSINESS PHONE: 4137855871 MAIL ADDRESS: STREET 1: 107 SELDEN ST CITY: BERLIN STATE: CT ZIP: 06037-1616 35-CERT 1 file9839.txt File No. 70-9839 UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Application of Northeast Utilities, ) CERTIFICATE PURSUANT TO RULE 24 The Connecticut Light and Power Company, ) UNDER THE PUBLIC UTILITY HOLDING Western Massachusetts Electric Company, ) COMPANY ACT OF 1935 on Form U-1 ) Pursuant to the requirements of Rules 42, 43, 44, 46(a)and 54 under the Public Utility Holding Company Act of 1935, Northeast Utilities ("NU"), a registered holding company, Western Massachusetts Electric Company ("WMECO"), an electric utility subsidiary of NU and The Connecticut Light and Power Company ("CL&P"), an electric utility subsidiary of NU, hereby files this quarterly report as required by the Securities and Exchange Commission's order authorizing the repurchase of common stock out of capital or unearned surplus from parent. (HCAR No. 35-27529, May 16, 2002, File No. 70-9839) ("Order"). For the quarter ended June 30, 2003, 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 of dividends paid to NU and/or the amount of stock repurchased 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 June 30, 2003 --------------------------------------------------------------------------- (Thousands of ------------- Dollars) % -------- ----- Common shareholders' equity: Common shares $ 60,352 2.1% Capital surplus, paid in 326,568 11.4 Retained earnings 318,524 11.2 ---------- ----- Total common shareholders' equity 705,444 24.7 Preferred stock 116,200 4.1 Long-term and short-term debt 844,415 29.6 Rate reduction bonds 1,186,218 41.6 ---------- ----- $2,852,277 100.0% ========== ===== A common dividend of $10,018,440.30 was declared on June 18, 2003, and was paid to NU on June 30, 2003. Western Massachusetts Electric Company (WMECO) --------------------------------------------------------------------------- As of June 30, 2003 --------------------------------------------------------------------------- (Thousands of ------------- Dollars) % -------- ----- Common shareholders' equity: Common shares $ 10,866 2.3% Capital surplus, paid in 69,530 14.6 Retained earnings 78,124 16.3 ---------- ----- Total common shareholders' equity 158,520 33.2 Long-term and short-term debt 181,682 38.0 Rate reduction bonds 137,769 28.8 ---------- ----- $ 477,971 100.0% ========== ===== A common dividend of $4,003,154.13 was declared on June 18, 2003, and was paid to NU on June 30, 2003. 2) The current senior debt ratings of CL&P and WMECO, including a representation that such ratings are at or above investment grade. As of June 30, 2003, the senior debt ratings issued by Standard and Poor's Corporation and Moody's of CL&P and WMECO are each BBB+ and A3, respectively, which are investment grade ratings. 3) The Utilities' cash-on-hand both during the quarter and as of the end of each quarter and 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 from working capital facilities. CL&P and WMECO represent that during the quarter ended June 30, 2003, 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 supplemented with external borrowings for WMECO.
Net cash flows Net cash Cash Net cash flows (used in)/ flows beginning provided by provided by used in Cash end of period operating investing financing of period 4/1/2003 activities activities activities 6/30/2003 --------- -------------- -------------- ---------- --------- (Thousands of Dollars) CL&P $7,214 $72,223 $(37,945) $(38,883) $ 2,609 WMECO 1 13,939 2,522 (16,461) 1
SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned companies have duly caused this certificate to be signed on their behalf by the undersigned thereunto duly authorized. NORTHEAST UTILITIES THE CONNECTICUT LIGHT AND POWER COMPANY WESTERN MASSACHUSETTS ELECTRIC COMPANY /s/ John P. Stack ------------------------------------------ John P. Stack Vice President - Accounting and Controller Northeast Utilities P.O. Box 270 Hartford, CT 06141-0270 August 26, 2003 -----END PRIVACY-ENHANCED MESSAGE-----