File No. 70-9825
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
to
FORM U-1
APPLICATION/DECLARATION
Under
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NORTHEAST UTILITIES
174 Brush Hill Avenue
West Springfield, Massachusetts 08109
THE CONNECTICUT LIGHT AND POWER COMPANY
107 Selden Street
Berlin, Connecticut 06037
(Name of companies filing this statement and address 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 of address of agent for service)
The Commission is requested to mail signed copies of all orders, notices and
communications to:
Jeffrey C. Miller
Assistant General Counsel
Randy A. Shoop Richard M. Early, Esq.
Treasurer Senior Counsel
The Connecticut Light and Power Company Northeast Utilities Service
Company Company
P.O. Box 270 P.O. Box 270
Hartford, Connecticut Hartford, Connecticut
06141-0270 06141-0270
The Application/Declaration, as previously amended, is further amended as
follows:
A. Item 1, paragraph 4 is restated to read as follows:
4. The Transaction is the result of arm's length negotiations, has
been reviewed and approved by the DPUC and found to be in the public
interest, is subject to additional DPUC review and should be approved by the
Commission. As the DPUC determined, this transaction will not only provide
CL&P with a payment of $10 million, it will also relieve CL&P of significant
environmental liabilities for the Station, which the record of the DPUC
proceedings estimates as being worth an additional $20-$30 million, in
addition to the cash consideration. The Transaction is in compliance with the
Restructuring Act and will enable CL&P to complete the required divestiture
of its non-nuclear generating capacity. The net proceeds of the Transaction
will be invested in the Northeast Utilities System Money Pool (as approved in
File No. 70-9755, HCAR No. 35-27328, December 28, 2000) and/or other short-
term investments until later in 2001 when the proceeds will be used to reduce
CL&P's short-term debt drawn down to meet working capital requirements,
including tax payments due on the sale of the Millstone generating station.
Exhibit I presents CL&P's journal entries to record the effect of the sale,
and Exhibit I-1 presents the reconciliation between the amounts shown in
paragraph 2 (which were as of November 30, 2000) and the journal entries
shown on Exhibit I (which were shown as of February 28, 2001).
B. Item 6 paragraph 13(a) is restated to read as follows:
ITEM 6. Exhibits and Financial Statements
13. The following exhibits and financial statements are filed herewith:
(a) Exhibits
B.1 Form of Title Transfer Agreement*
D.1 Application to Connecticut Department of Public Utility Control
("DPUC")*
D.2 Order of the DPUC*
D.3 Joint request to DPUC*
D.4 Order of the DPUC**
D.5 Application to Federal Energy Regulatory Commission**
D.6 Order of Federal Energy Regulatory Commission**
E. Map***
F. Opinion of Counsel**
H Form of Notice*
I. Journal Entries to Record Effect of Sale**
I-1. Reconciliation of Net Utility Plant Inservice****
* Filed with the original Application/Declaration.
** Filed with Amendment No. 1.
*** Filed with Amendment No. 1 under cover of Form SE.
**** Filed with this Amendment No. 2.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, the undersigned companies have duly caused this amendment to be signed
on their behalf by the undersigned officer or attorney thereunto duly
authorized.
Date: April 30, 2001
NORTHEAST UTILITIES
By: /S/ Randy A. Shoop
Randy A. Shoop
Its Assistant Treasurer - Finance
THE CONNECTICUT LIGHT AND POWER COMPANY
By: /S/ Randy A. Shoop
Randy A. Shoop
Its Treasurer