-----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, SW/7mV4pOyB5u9QzDs6eVeGbN1AI+5xU1d6p9znRBVd2getscV7qAzBM3BQ0dBu5 FZ3gYMyAWM2sQvYRYyNiuQ== 0000072741-99-000164.txt : 19990920 0000072741-99-000164.hdr.sgml : 19990920 ACCESSION NUMBER: 0000072741-99-000164 CONFORMED SUBMISSION TYPE: U-1/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19990917 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: U-1/A SEC ACT: SEC FILE NUMBER: 070-09543 FILM NUMBER: 99712917 BUSINESS ADDRESS: STREET 1: 174 BRUSH HILL AVE CITY: WEST SPRINGFIELD STATE: MA ZIP: 01090-0010 BUSINESS PHONE: 4137855871 MAIL ADDRESS: STREET 1: 107 SELDON ST CITY: BERLIN STATE: CT ZIP: 06037-1616 U-1/A 1 AMENDMENT NO. 1 TO FORM U-1 FILE NO. 70-09543 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------------------------ AMENDMENT NO. 1 TO FORM U-1 APPLICATION/DECLARATION UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 NORTHEAST UTILITIES SELECT ENERGY, INC. 174 Brush Hill Avenue NORTHEAST GENERATION SERVICES West Springfield, MA 01090-0010 COMPANY 107 Selden Street Berlin, CT 06037 (Name of companies filing this statement and addresses of principal executive offices) NORTHEAST UTILITIES (Name of top registered holding company) Cheryl W. Grise, Esq. Senior Vice President, Secretary and General Counsel Northeast Utilities Service Company P.O. Box 270 Hartford, Connecticut 06141-0270 (Name and address of agent for service) The Commission is requested to mail signed copies of all orders, notices and communications to David R. McHale Jeffrey C. Miller, Esq. Vice President and Treasurer Assistant General Counsel Northeast Utilities Northeast Utilities Service Company Service Company P.O. Box 270 P.O. Box 270 Hartford, Connecticut Hartford, Connecticut 06141-0270 06141-0270 The Application/Declaration in this File is hereby amended by the filing of the following exhibits: g Financial Data Schedule (b) Financial Statements 1. Northeast Utilities 1.1 Balance Sheet, per books and pro forma, as of June 30, 1999. 1.2 Statement of Income, per books and pro forma, for 12 months ended June 30, 1999 and capital structure, per books and pro forma, as of June 30, 1999. *2. Northeast Generation Services Company 2.1 Balance Sheet, per books and pro forma, as of June 30, 1999. 2.2 Statement of Income, per books and pro forma, for 12 months ended June 30, 1999 and capital structure, per books and pro forma, as of June 30, 1999. *To be filed by amendment. SIGNATURES Pursuant to the requirements of the Public Utility Holding Company Act of 1935, as amended, the undersigned companies have duly caused this Amendment to be signed on their behalf by the undersigned thereunto duly authorized. Date: September 16, 1999 NORTHEAST UTILITIES NORTHEAST GENERATION SERVICES COMPANY SELECT ENERGY, INC. By: /s/ David R. McHale Name: David R. McHale Title: Vice President and Treasurer EX-27.1 2 PRO FORMA U-1 - NU PARENT
OPUR1 1000 DEC-31-1998 DEC-31-1998 JUN-30-1999 JUN-30-1999 YEAR YEAR PER-BOOK PRO-FORMA 0 0 2,217,178 2,252,178 27,070 23,745 8,768 8,768 0 0 2,253,016 2,284,691 686,188 686,188 940,448 940,448 579,449 577,288 2,073,662 2,071,501 0 0 0 0 152,000 152,000 0 35,000 0 0 0 0 19,000 19,000 0 0 0 0 0 0 (124,069) 7,190 2,253,016 2,284,691 0 0 (8,387) (9,553) 6,563 6,563 (1,823) (1,823) 1,823 2,987 (50,952) (50,952) (52,775) (53,939) 15,831 19,156 36,944 34,783 0 0 36,944 34,783 0 0 0 0 0 0 0 0 0 0
EX-99.1 3 FINANCIAL STATEMENTS Exhibit 6.b) NORTHEAST UTILITIES PARENT PRO FORMA BALANCE SHEET AS OF JUNE 30, 1999 (THOUSANDS OF DOLLARS)
PRO FORMA GIVING EFFECT PRO FORMA TO PROPOSED PER BOOK ADJUST.* TRANSACTION ASSETS UTILITY PLANT, AT COST: ELECTRIC $ 0 $ $ 0 OTHER 0 0 --------- --------- --------- 0 0 0 LESS: ACC. DEPREC. 0 0 --------- --------- --------- 0 0 0 CONSTRUCTION WORK IN PROGRESS 0 0 --------- --------- --------- TOTAL NET UTILITY PLANT 0 0 0 --------- --------- --------- OTHER PROP. AND INVEST.: INVEST. IN SUBSIDIARY COS. 2,199,224 35,000 [1] 2,234,224 INVEST. IN TRANSMISSION COS. 17,900 17,900 OTHER INVESTMENTS 54 54 --------- --------- --------- TOTAL OTHER PROP. & INVEST. 2,217,178 35,000 2,252,178 --------- --------- --------- CURRENT ASSETS: CASH & CASH EQUIVALENTS 0 (3,325)[2] (3,325) NOTES REC. FROM ASSOC. COS 22,300 22,300 NOTES AND ACCOUNTS RECEIVABLE 571 571 ACCOUNTS REC. FROM ASSOC. COS 4,172 4,172 PREPAYMENTS AND OTHER 27 27 --------- --------- --------- TOTAL CURRENT ASSETS 27,070 (3,325) 23,745 --------- --------- --------- DEFERRED CHARGES: ACCUMULATED DEF. INC. TAXES 6,160 6,160 UNAMORTIZED DEBT EXPENSE 46 46 OTHER 2,562 2,562 --------- --------- --------- TOTAL DEF. CHARGES 8,768 0 8,768 --------- --------- --------- TOTAL ASSETS $ 2,253,016 $ 31,675 $ 2,284,691 ========= ========= =========
[1] See adjustments a, b, and d. [2] See adjustments a, b, c, d, and e. Exhibit 6.b) NORTHEAST UTILITIES PARENT PRO FORMA BALANCE SHEET AS OF JUNE 30, 1999 (THOUSANDS OF DOLLARS)
PRO FORMA GIVING EFFECT PRO FORMA TO PROPOSED PER BOOK ADJUST.* TRANSACTION CAPITALIZATION: COMMON SHARES $ 686,188 $ $ 686,188 CAPITAL SURPLUS, PAID IN 940,448 940,448 DEFERRED COMPENSATION--(ESOP) (133,947) (133,947) RETAINED EARNINGS 579,449 (2,161) 577,288 ACCUM OTHER COMP INCOME 1,524 1,524 ---------- --------- ---------- TOTAL COMMON EQUITY 2,073,662 (2,161) 2,071,501 NON-REDEEMABLE PREF. STOCK 0 0 REDEEMABLE PREF. STOCK 0 0 LONG-TERM DEBT 152,000 152,000 ---------- --------- ---------- TOTAL CAPITALIZATION 2,225,662 (2,161) 2,223,501 ---------- --------- ---------- MINOR. INT. IN CONS. SUBS 0 0 0 ---------- --------- ---------- OBLIG. UNDER CAP. LEASES 0 0 0 ---------- --------- ---------- CURRENT LIABILITIES: NOTES PAYABLE TO BANK 0 35,000 [3] 35,000 L-T DEBT AND P.S., CURRENT 19,000 19,000 OBLIG. UNDER CAP. LEASES, CUR 0 0 ACCOUNTS PAYABLE 742 742 ACCOUNTS PAYABLE TO ASSOC. COS. 3,233 3,233 ACCRUED TAXES PAYABLE 2,047 (1,164)[4] 883 ACCRUED INTEREST 1,969 1,969 ACCRUED PENSION BENEFITS 0 0 OTHER 2 2 ---------- --------- ---------- TOT. CURRENT LIABILITIES 26,993 33,836 60,829 ---------- --------- ---------- OTHER DEFERRED CREDITS 361 361 ---------- --------- ---------- TOTAL DEFERRED CREDITS 361 0 361 ---------- --------- ---------- TOTAL CAPITALIZATION AND LIAB. $ 2,253,016 $ 31,675 $ 2,284,691 ========== ========= ==========
[3] See adjustment c. [4] See adjustment f. * See attached Pro Forma Adjustments Exhibit 6.b) NORTHEAST UTILITIES PARENT PRO FORMA INCOME STATEMENT AND STATEMENT OF RETAINED EARNINGS FOR THE 12 MONTHS ENDED JUNE 30, 1999 INCOME STATEMENT (THOUSANDS OF DOLLARS)
PRO FORMA GIVING EFFECT PRO FORMA TO PROPOSED PER BOOK ADJUSTS* TRANSACTION OPERATING REVENUE $ 0 $ 0 $ 0 -------- -------- -------- OPERATING EXPENSES: OPERATION-- FUEL, PURCH. & NET INTRCHG PWR 0 0 OTHER 6,563 6,563 MAINTENANCE 1 1 DEPRECIATION 0 0 FED/ STATE INCOME TAXES (8,389) (1,164)[1] (9,553) OTHER TAXES 2 2 -------- -------- -------- TOTAL OPERATING EXPENSES (1,823) (1,164) (2,987) -------- -------- -------- OPERATING INCOME 1,823 1,164 2,987 -------- -------- -------- OTHER INCOME (LOSS): EQUITY IN REG. GEN & TRANS. COS. 2,725 2,725 OTHER, NET 53,003 53,003 MIN. INT. IN INCOME OF SUB 0 0 INCOME TAXES (4,776) (4,776) -------- -------- -------- OTHER INCOME, NET 50,952 0 50,952 -------- -------- -------- INCOME BEF. INT. CHARGES 52,775 1,164 53,939 -------- -------- -------- INTEREST CHARGES: INTEREST ON L-T DEBT 15,332 15,332 AMORT. DEBT DISC, PREM EXP, NET 117 117 INTEREST ON SHORT TERM LOAN 319 319 OTHER INTEREST EXPENSES 63 3,325 [2] 3,388 -------- -------- -------- NET INCOME AFTER INTEREST CHARGES 36,944 (2,161) 34,783 -------- -------- -------- PREF. DIVIDENDS OF SUBSIDIARIES 0 0 -------- -------- -------- NET INCOME $ 36,944 $ (2,161) $ 34,783 ======== ======== ========
[1] See adjustment f. [2] See adjustment e. STATEMENT OF RETAINED EARNINGS (THOUSANDS OF DOLLARS)
PRO FORMA GIVING EFFECT PRO FORMA TO PROPOSED PER BOOK ADJUSTS* TRANSACTION BAL. AT BEGINNING OF PERIOD $ 542,505 $ $ 542,505 NET GAIN (LOSS) 36,944 (2,161) 34,783 CASH DIVIDENDS ON PREF. STOCK 0 0 CASH DIVIDEND ON COMMON STOCK 0 0 -------- -------- -------- BALANCE AT END OF PERIOD $ 579,449 $ (2,161) $ 577,288 ======== ======== ========
* See attached Pro Forma Adjustments -----END PRIVACY-ENHANCED MESSAGE-----