-----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, L15WY+JObl+abtDx2yW5NJsp8wZk2z5Z/TGJiM7JLFCY7587WV9sJ5DBV6UoZl+k ArspAKBo1wROdLmjDY+WMA== 0000072741-06-000011.txt : 20060117 0000072741-06-000011.hdr.sgml : 20060116 20060117150039 ACCESSION NUMBER: 0000072741-06-000011 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060117 DATE AS OF CHANGE: 20060117 EFFECTIVENESS DATE: 20060117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHEAST UTILITIES 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: 070-09755 FILM NUMBER: 06532761 BUSINESS ADDRESS: STREET 1: ONE FEDERAL STREET STREET 2: BUILDING 111-4 CITY: SPRINGFIELD STATE: MA ZIP: 01105 BUSINESS PHONE: 8606655000 MAIL ADDRESS: STREET 1: 107 SELDEN ST CITY: BERLIN STATE: CT ZIP: 06037-1616 FORMER COMPANY: FORMER CONFORMED NAME: NORTHEAST UTILITIES SYSTEM DATE OF NAME CHANGE: 19961121 35-CERT 1 nurule24011706.htm NU MONEYPOOL RULE 24 CERT. 011706 Converted by EDGARwiz

UNITED STATES OF AMERICA


BEFORE THE SECURITIES AND EXCHANGE COMMISSION


WASHINGTON, D.C.


In the Matter of


Northeast Utilities

Certificate pursuant to Rule

Northeast Utilities Service Company

24 under the Public Utility holding

The Connecticut Light and Power Company

Company Act of 1935

Western Massachusetts Electric Company

 

Public Service Company of New Hampshire

 

North Atlantic Energy Corporation

 

North Atlantic Energy Service Corporation

 

Holyoke Water Power Company

 

Northeast Nuclear Energy Company

 

Yankee Energy System, Inc.

 

Yankee Gas Services Company

 

The Rocky River Realty Company

 

The Quinnehtuk Company

 

NU Enterprises, Inc.

 

Northeast Generation Company

 

Northeast Generation Services Company

 

Properties, Inc.

 

Woods Electrical Co., Inc.

 

Woods Network Services, Inc.

 

E. S. Boulos Company

 

Select Energy, Inc.

 

Select Energy New York, Inc.

 

Mode 1 Communications, Inc.

 

Select Energy Services, Inc.

 

Yankee Energy Financial Services Company

 

Yankee Energy Services Company

 

NorConn Properties, Inc.

 



File No.  70-9755

(Public Utility Holding

Company Act of 1935)




Pursuant to the requirements of Rule 24(a) of the Commission's regulations under the Public Utility Holding Company Act of 1935, and with reference to the transaction proposed in the Application/Declaration on Form U-1 (the "Application") in File No. 70-9755, the Applicants hereto hereby file the following exhibit to this File.


Exhibits


Exhibit A-7

Terms of the NU System Money Pool (Revised January 2006)


[SIGNATURE PAGE TO FOLLOW]




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 their behalf by the undersigned hereunto duly authorized


Northeast Utilities

Northeast Utilities Service Company

The Connecticut Light and Power Company

Western Massachusetts Electric Company

Public Service Company of New Hampshire

North Atlantic Energy Corporation

North Atlantic Energy Service Corporation

Holyoke Water Power Company

Northeast Nuclear Energy Company

Yankee Energy System, Inc.

Yankee Gas Services Company

The Rocky River Realty Company

The Quinnehtuk Company

NU Enterprises, Inc.

Northeast Generation Company

Northeast Generation Services Company

Properties, Inc.

Woods Electrical Co., Inc.

Woods Network Services, Inc.

E. S. Boulos Company

Select Energy, Inc.

Select Energy New York, Inc.

Mode 1 Communications, Inc.

Select Energy Services, Inc.

Yankee Energy Financial Services Company

Yankee Energy Services Company

NorConn Properties, Inc.


 

Northeast Utilities

  
  
 

By:  /s/ Patricia C. Cosgel

     Name: Patricia C. Cosgel

     Title:  Assistant Treasurer - Finance

 

             Northeast Utilities Service Company as Agent for

 

             all of the above-named Applicants


Dated:

January 17, 2006



EX-99 2 nurule24exha011706.htm EXHIBIT A-7 REVISED MONEYPOOL TERMS Converted by EDGARwiz

EXHIBIT A-7

TERMS OF THE NU SYSTEM MONEY POOL

(Revised January, 2006)


(Reflecting SEC Order 35-28052, October 28, 2005)



GENERAL


1.

The participants of the money pool for the companies in the Northeast Utilities system (the NU Money  Pool) are Northeast Utilities (NU), The Connecticut Light and Power Company (CL&P), Western Massachusetts Electric Company (WMECO), Northeast Nuclear Energy Company (NNECO), Holyoke Water Power Company (HWP), North Atlantic Energy Corporation (NAEC), North Atlantic Energy Service Corporation (NAESCO), The Rocky River Realty Company (RR), The Quinnehtuk Company (Quinnehtuk), Public Service Company of New Hampshire (PSNH), Select Energy Services, Inc. (SESI), Mode 1 Communications, Inc. (Mode 1), Select Energy, Inc. (Select), Select Energy New York, Inc. (SENY), NU Enterprises, Inc. (NUEI), Northeast Generation Company (NGC), Northeast Generation Services Company  (NGS), E.S. Boulos Company (Boulos), Woods Electrical Co., Inc. (Woods), Yankee  Energy System, Inc. (YES), Yankee Gas Services Company (Yankee Gas), Yankee  Energy Financial Services Company (Yankee Financial), NorConn Properties, Inc. (NorConn), Properties, Inc. (Properties) and Yankee Energy Services Company (YESCO) (collectively, Pool Participants). NU, YES, Mode 1 and NGC (collectively, the Non-Borrowing Participants) may not borrow from the NU Money Pool.


2.

The NU Money Pool will be administered by Northeast Utilities Service Company (NUSCO).


3.

Each Pool Participant will determine each day, the amount of surplus funds it has available for contribution to the NU Money Pool (Surplus Funds).  In addition to its own Surplus Funds, NU may borrow funds from third party lenders (External Funds) in order to make these External Funds available to meet the borrowing needs of the Pool Participants other than the Non-borrowing Participants.


CONTRIBUTIONS TO THE POOL


4.

Each participant may contribute its Surplus Funds to the NU Money Pool.  NU may also contribute any External Funds to the NU Money Pool.


5.

Each Pool Participant will receive as interest with respect to its Surplus Funds, that fraction of the total interest received by the NU Money Pool equal to the ratio of the Surplus Funds the Pool Participant has contributed, times the period in which such Surplus Funds were available, to the total Surplus Funds in the NU Money Pool, times the period in which all Surplus Funds were in the NU Money Pool.  NU will receive the same interest with respect to its External Funds that it pays for its External Funds.  Interest will be computed on a daily basis and payable monthly.


6.

Each Pool Participant may withdraw any of its Surplus Funds at any time without notice.  NU may withdraw its External Funds at any time without notice.


BORROWINGS FROM THE NU MONEY POOL


7.

The Non-borrowing Participants shall not be entitled to borrow from the NU Money Pool.


8.

No Pool Participant other than CL&P, NNECO, HWP, RR and Quinnehtuk may borrow Surplus Funds that are attributable to contributions from WMECO until the Massachusetts Department of Telecommunications and Energy or other appropriate Massachusetts regulatory agency which regulates WMECO ("MDTE") has issued an order authorizing WMECO to lend funds to such companies through the NU Money Pool.  Until the time that such an order is received, all transactions between WMECO and those Pool Participants permitted to borrow funds attributable to contributions by WMECO will be documented using grid notes.


9.

All short-term debt requirements of Pool Participants other than the Non-borrowing Participants, will be met by Surplus Funds in the NU Money Pool to the extent such funds are available and to the extent they are not restricted by the conditions specified in paragraph 8.  All Pool Participants other than the Non-borrowing Participants may also meet their short-term debt requirements through External Funds made available through the NU Money Pool from NU.  The aggregate amount of short-term debt that may be outstanding at any one time, whether through borrowings from the NU Money Pool or otherwise, for the Pool Participants may not exceed the lesser of (a) the amount authorized by the respective board of directors from time to time and (b) the amount allowed under law.


10.

Restrictions on borrowings through the NU Money Pool are summarized as follows:


The following companies may not borrow from the NU Money Pool


NU

YES

Mode 1

NGC


Only the following companies may borrow from WMECO contributions, subject to grid notes:


CL&P

HWP

NNECO

RR

Quinnehtuk


11.

All other Pool Participants may borrow from the NU Money Pool and from NU's External Funds.  Utility subsidiaries of NU that wish to borrow funds in the NU Money Pool will have priority as borrowers over the nonutility subsidiaries of NU.


12.

Pool Participants borrowing Surplus Funds will pay interest at a rate equal to the daily Federal Funds Effective Rate as quoted by the Federal Reserve Bank of New York.  The rate to be used for weekends and holidays will be the prior business day's rate.  Pool Participants borrowing External Funds will pay interest at the same rate that NU pays for those External Funds.


13.

All loans made by the NU Money Pool from Surplus Funds shall be for periods of less than 12 months and shall be payable on demand.


14.

All loans made by the NU Money Pool from Surplus Funds may be prepaid by the borrowing Pool Participant without penalty.  No loans from External Funds shall be prepaid by the borrowing Pool Participant prior to the maturity of the NU borrowing that resulted in the External Funds, unless the prepayment can be made without NU incurring additional costs or unless the prepayment is accompanied by payment of any additional costs incurred by NU as a result of such prepayment.


15.

If there are more Surplus Funds in the NU Money Pool than are necessary to meet the short-term debt requirements of the Pool Participants, the Surplus Funds will be invested in one of the following instruments:


(i)

interest-bearing accounts with banks;


(ii)

obligations issued or guaranteed by the U.S. government and/or its agencies and instrumentalities, including obligations under repurchase agreements;


(iii)

obligations issued or guaranteed by any state or political subdivision thereof, provided that such obligations are rated not less than "A" (or "A-1" or "P-1" or their equivalent for short term debt) by a nationally recognized rating agency;


(iv)

commercial paper rated not less than "A-1" or "P-1" or their equivalent by a nationally recognized rating agency;


(v)

moneymarket funds;


(vi)

bank certificates of deposit,


(vii)

Eurodollar funds; and


(viii)

as to WMECO contributions, such other investments as are permitted by Section 9(c) of the Act and Rule 40 thereunder and approved by the MDTE pursuant to Massachusetts General Laws Chapter 164, Section 17A and the regulations thereunder.


TERMINATION


16.

Any Pool Participant may terminate its participation in the NU Money Pool at any time without notice.



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