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File No. 70-8083
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, DC 20549
Post-Effective Amendment No. 2
To
FORM U-1
APPLICATION/DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
(the Act)
YANKEE ATOMIC ELECTRIC COMPANY
580 Main Street
Bolton, Massachusetts 01740
(Name of Company filing This Statement and
Address of Principal Executive Office)
NEW ENGLAND ELECTRIC SYSTEM
and
NORTHEAST UTILITIES
(Names of Top Registered Holding Companies)
H. T. Tracy, Jr. Kirk L. Ramsauer
Vice President, Treasurer, and CFO Assistant General Counsel
580 Main Street 25 Research Drive
Bolton, Massachusetts 01740 Westborough, MA 01582
(Names and Addresses of Agents for Service)
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Item 1 of Post-Effective Amendment No. 1 to Form U-1
Application/Declaration filed January 14, 1994, is hereby
restated as follows:
By Order dated December 16, 1992, this Commission
authorized Yankee Atomic Electric Company (Yankee
Atomic) to borrow up to $3 million at any one time by
short-term borrowings through December 31, 1993.
Yankee Atomic now requests that the Commission increase
its short-term borrowing authority to $10 million at
any one time and extend said authority through December
31, 1995. All other terms and conditions as set forth
in the 1992 Order shall remain the same.
On February 26, 1992, Yankee Atomic's Board of
Directors decided to cease permanently the production
of power from Yankee Atomic's only generating plant, a
185 MW nuclear facility located in Rowe, Massachusetts.
Yankee Atomic filed its plan to decommission this plant
with the Nuclear Regulatory Commission in later 1993.
Acting through its Nuclear Services Division, the
nature of Yankee Atomic has changed to that of a
service type company. Yankee Atomic currently has
authority to enter into a service type business by
Commission File No. 70-4636, HCAR No. 16141, dated
August 20, 1968. Yankee Atomic expects to provide
services in an amount between $50 and $60 million
during 1994. In order to more adequately finance its
working capital needs, Yankee Atomic believes that a
$10 million, short term borrowing authority is
required.
Yankee Atomic does not have an ownership interest in an
exempt wholesale generator ("EWG") or foreign utility
company ("FUCO") as defined in Sections 32 and 33 of
the Act. Additionally, Yankee Atomic is not a party,
nor has any rights under, a service, sales, or
construction agreement with a EWG or FUCO, and does not
have any current intention to secure an ownership
interest in an EWG or FUCO. None of the proceeds of
the transaction proposed will be used by Yankee Atomic,
New England Electric System, Northeast Utilities, or
any affiliated company for acquisition of an interest
in a EWG or FUCO.
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned company has duly caused this
statement to be signed on its behalf by the undersigned thereunto
duly authorized.
YANKEE ATOMIC ELECTRIC COMPANY
s/ Kirk L. Ramsauer
Kirk L. Ramsauer
Clerk and Assistant General Counsel
Date: February 4, 1994
