-----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, JJ6EUR0EU0u4RLGV+twLmIYx5XlM9oKMtvBjDTgnwLt4UZ2k/CtMH2s6AfWnbTQp Sl7W2LG3LNnnbVAP9y8PRg== 0000072741-09-000190.txt : 20090708 0000072741-09-000190.hdr.sgml : 20090708 20090708172031 ACCESSION NUMBER: 0000072741-09-000190 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090708 ITEM INFORMATION: Other Events FILED AS OF DATE: 20090708 DATE AS OF CHANGE: 20090708 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: 09935615 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: PUBLIC SERVICE CO OF NEW HAMPSHIRE CENTRAL INDEX KEY: 0000315256 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 020181050 STATE OF INCORPORATION: NH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06392 FILM NUMBER: 09935616 BUSINESS ADDRESS: STREET 1: 780 N. COMMERCIAL STREET CITY: MANCHESTER STATE: NH ZIP: 03105-0330 BUSINESS PHONE: 6036694000 MAIL ADDRESS: STREET 1: 780 N. COMMERCIAL STREET CITY: MANCHESTER STATE: NH ZIP: 03105-0330 8-K 1 july820098kfinal.htm PSNH SETTLEMENT REGARDING TEMPORARY RATES Converted by EDGARwiz

Commission

File Number

Registrant; State of Incorporation

Address; and Telephone Number

I.R.S. Employer

Identification No.

 


 

1-5324

NORTHEAST UTILITIES

(a Massachusetts voluntary association)

One Federal Street, Building 111-4

Springfield, Massachusetts 01105

Telephone number:  (413) 785-5871


04-2147929

1-6392

PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE

(a New Hampshire corporation)

Energy Park

780 North Commercial Street

Manchester, New Hampshire 03101-1134

Telephone number:  (603) 669-4000

02-0181050

 

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 ( see General Instruction A.2. below):

 

o

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

 

o

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

 

o

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

 

o

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 April 17, 2009, Public Service Company of New Hampshire (“PSNH” or the “Company”) filed with the Public Utilities Commission of the State of New Hampshire (the “Commission”) a Petition for Temporary Rates requesting a temporary increase of $36.4 million in annual distribution service revenues, to be effective on July 1, 2009.


Following technical sessions conducted among the Office of Consumer Advocate, PSNH and Commission Staff, PSNH revised the proposed effective date of its request for temporary rates to August 1, 2009.  PSNH subsequently filed with the Commission requests for changes in its Energy Service (“ES”) rate (which rate covers its generation assets), Stranded Cost Recovery Charge (“SCRC”) rate and Transmission Cost Adjustment Mechanism (“TCAM”) rate to be effective on the same date. An anticipated reduction in the ES rate is projected to offset in full the increase requested for temporary distribution rates as well as any changes in the SCRC and TCAM rates.


On June 30, 2009, PSNH filed with the Commission a request for a permanent increase in annual distribution service revenues of approximately $51 million to be effective on August 1, 2009.


On July 6, 2009, PSNH and the Commission Staff entered into a Stipulation and Settlement Regarding Temporary Rates (the “Settlement Agreement”), which, if accepted by the Commission, will resolve all issues regarding PSNH’s request for temporary rates.  In the Settlement Agreement, PSNH and the Commission Staff agreed on a temporary increase of $25.6 million in annual distribution service revenues.  While the Settlement Agreement will result in an increase to distribution service rates effective August 1, 2009, when taken together with PSNH’s requested simultaneous changes to its ES rate, SCRC rate and TCAM rate, the result would be a net decrease of approximately 1% in rates billed to customers who take energy service from PSNH.


Any temporary rate level approved by the Commission is subject to reconciliation upon Commission approval of a permanent distribution rate change.


The Commission will hold a hearing to consider the Settlement Agreement on July 13, 2009.


[The remainder of this page left blank intentionally.]



2






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

PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE

(Registrants)




July 8, 2009




By:

/s/ David R. McHale

David R. McHale

Executive Vice President and

Chief Financial Officer

 

 




3



-----END PRIVACY-ENHANCED MESSAGE-----