-----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, BgdR/J1mX86YHEl6RgPkCp9iC8EtvEf9jS2n13BPIvZgDfcQ6Ht5/edyg8Fjw/dw oB0FY74nmuZXWHv+/7Oj4w== 0000072741-04-000061.txt : 20040527 0000072741-04-000061.hdr.sgml : 20040527 20040527102839 ACCESSION NUMBER: 0000072741-04-000061 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040527 EFFECTIVENESS DATE: 20040527 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: 04833862 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 cert709839.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 March 31, 2004, 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 March 31, 2004 --------------------------------------------------------------------------- (Thousands of ------------- Dollars) % -------- --- Common shareholders' equity: Common shares $ 60,352 2.1% Capital surplus, paid in 331,238 11.3 Retained earnings 326,248 11.2 ---------- ----- Total common shareholders' equity 717,838 24.6 Preferred stock 116,200 4.0 Long-term and short-term debt 991,169 34.0 Rate reduction bonds 1,090,277 37.4 ---------- ----- $2,915,484 100.0% ========== ===== A common dividend of $11,768,649.75 was declared on March 17, 2004, and was paid to NU on March 31, 2004. Western Massachusetts Electric Company (WMECO) --------------------------------------------------------------------------- As of March 31, 2004 --------------------------------------------------------------------------- (Thousands of ------------- Dollars) % -------- --- Common shareholders' equity: Common shares $ 10,866 2.3% Capital surplus, paid in 75,944 15.8 Retained earnings 73,602 15.3 -------- ----- Total common shareholders' equity 160,412 33.4 Long-term and short-term debt 189,726 39.5 Rate reduction bonds 130,248 27.1 -------- ----- $480,386 100.0% ======== ===== A common dividend of $1,621,255.69 was declared on March 17, 2004, and was paid to NU on March 31, 2004. 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 March 31, 2004, the senior secured debt ratings issued by Standard and Poor's Corporation and Moody's of CL&P are A- and A2, respectively and the senior unsecured debt ratings of WMECO are each BBB+ and A3, respectively. Each of CL&P and WMECO represent that such ratings 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 March 31, 2004, internal cash funds available during the quarter, confirmed with financing activities set forth below, were sufficient to fund each company's normal business operations.
Net cash flows Cash Net cash flows Net cash flows (used in)/ beginning provided by (used in) provided by Cash end of period operating investing financing of period 01/1/2004 activities activities activities 03/31/2004 --------- ---------- ---------- ---------- ---------- (Thousands of Dollars) CL&P $5,814 $48,467 $(11,449) $(42,831) $1 WMECO 1 14,136 (16,294) 2,158 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 ------------------------------------------ Vice President - Accounting and Controller Northeast Utilities P.O. Box 270 Hartford, CT 06141-0270 May 27, 2004 -----END PRIVACY-ENHANCED MESSAGE-----