-----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, A7aD1z155Ehs7zMTjkiMCwuNDZmeMvY/Y1PmeFvNHlChfgY3nRNTDKRn5bQ4iYWC w2fDHdL6Guz4XG1QC9rw/Q== 0000072741-08-000235.txt : 20081120 0000072741-08-000235.hdr.sgml : 20081120 20081120155339 ACCESSION NUMBER: 0000072741-08-000235 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081117 ITEM INFORMATION: Other Events FILED AS OF DATE: 20081120 DATE AS OF CHANGE: 20081120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONNECTICUT LIGHT & POWER CO CENTRAL INDEX KEY: 0000023426 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 060303850 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00404 FILM NUMBER: 081203938 BUSINESS ADDRESS: STREET 1: SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037-1616 BUSINESS PHONE: 8606655000 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05324 FILM NUMBER: 081203936 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN MASSACHUSETTS ELECTRIC CO CENTRAL INDEX KEY: 0000106170 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 041961130 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07624 FILM NUMBER: 081203937 BUSINESS ADDRESS: STREET 1: ONE FEDERAL STREET STREET 2: BUILDING 111-4 CITY: SPRINGFIELD STATE: MA ZIP: 01105 BUSINESS PHONE: 4137855871 MAIL ADDRESS: STREET 1: 107 SELDEN ST CITY: BERLIN STATE: CT ZIP: 06037-1616 8-K 1 f8k112008.htm FERC'S NOVEMBER 17, 2008 NEEWS ORDER UNITED STATES

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  November 17, 2008


Commission

Registrant; State of Incorporation

I.R.S. Employer

File Number

Address; and Telephone Number

Identification No.

-----------

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

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

 

 

 

1-5324

NORTHEAST UTILITIES

04-2147929

 

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

 

 

(a Massachusetts voluntary association)

 

 

One Federal Street, Building 111-4

 

 

Springfield, Massachusetts 01105

 

 

Telephone:  (413) 785-5871

 

 

 

 

0-00404

THE CONNECTICUT LIGHT AND POWER COMPANY

06-0303850

 

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

 

 

(a Connecticut corporation)

 

 

107 Selden Street

 

 

Berlin, Connecticut  06037-1616

 

 

Telephone:  (860) 665-5000

 

 

 

 

0-7624

WESTERN MASSACHUSETTS ELECTRIC COMPANY

04-1961130

 

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

 

 

(a Massachusetts corporation)

 

 

One Federal Street, Building 111-4

 

 

Springfield, Massachusetts 01105

 

 

Telephone:  (413) 785-5871

 

 

 

 




Not Applicable

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

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Section 8 -

Other Events


Item 8.01.

Other Events.


On November 17, 2008, the Federal Energy Regulatory Commission (FERC) issued an order granting certain incentives jointly sought by Northeast Utilities’ (NU) FERC-regulated companies, including The Connecticut Light and Power Company and Western Massachusetts Electric Company (the NU Companies), and National Grid USA, for the substantial transmission upgrades associated with their proposed New England East-West Solutions (NEEWS) series of transmission projects.  The NEEWS projects include four interrelated projects across three states, and several related and necessary upgrades.  For the NU Companies, the NEEWS projects include the construction of new overhead 345 KV lines in Massachusetts and Connecticut as well as associated substation work, new switching stations and 115 KV rebuilds. In their application to the FERC, the NU Companies and National Grid USA had sought (1) an incentive return on equity (ROE) of 150 basis points; (2) inclu sion of 100 percent construction work in progress (CWIP) costs in rate base; and (3) recovery of 100 percent of prudently incurred costs if any portion of the NEEWS projects is abandoned for reasons beyond their control.  


In its order, the FERC granted the requested CWIP and abandonment incentives and, finding that these incentives reduced the overall risk of the NEEWS projects, granted a 125 basis point ROE adder in lieu of the 150 basis points sought, resulting in an overall ROE for the NEEWS projects of 12.89 percent. The NU Companies recently began the siting application process and expect the NEEWS projects to be completed and placed in service by the end of 2013.


For further information on NU’s proposed transmission projects and related regulatory issues, please refer to “Management's Discussion and Analysis-Financial Condition and Business Analysis-Transmission Rate Matters and FERC Regulatory Issues-FERC ROE Decision” in NU's 2007 Annual Report on Form 10-K and NU’s Quarterly Reports on Form 10-Q for the quarters ended March 31, June, 30 and September 30, 2008.


[SIGNATURE PAGE TO FOLLOW]



SIGNATURE


Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.



 

NORTHEAST UTILITIES

THE CONNECTICUT LIGHT AND POWER COMPANY

WESTERN MASSACHUSETTS ELECTRIC COMPANY

(Registrants)

 




By:

/s/ Randy A.Shoop

Name:

Randy A. Shoop

Title:

Vice President and Treasurer

 

 




Date:  November 20, 2008




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