<PAGE>
File No. 70-8083
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, DC 20549
Post-Effective Amendment No. 3
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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Form U-1 Application/Declaration, effective October 16, 1992
(Commission's File No. 70-8083, HCAR No. 25709) is hereby post-
effectively amended as follows:
1. By adding the following under "Item 4 - Regulatory
Approval:"
No state regulatory commission nor Federal commission
(other than the Securities and Exchange Commission) has
jurisdiction over the proposed transaction.
2. By adding the following under "Item 6 - Exhibits and
Financial Statements:"
(a) Exhibits
F-1 Opinion of Counsel
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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: March 10, 1994
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EXHIBIT INDEX
Exhibit No. Description Page
- ----------- ----------- ----
F-1 Opinion of Counsel Filed herewith
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25 Research Drive, Westborough, Massachusetts 01582
===================================================
EXHIBIT F - 1
March 9, 1994
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Yankee Atomic Electric Company
File No. 70-8083
Dear Commissioners:
Yankee Atomic Electric Company (the Company) has filed two
Post-effective Amendments (dated January 14, 1994, and February
4, 1994) to Application/Declaration on Form U-1 dated October 16,
1992, as amended, with your Commission. By these Post-effective
Amendments, the Company seeks authority to make short-term
borrowings from banks from time to time, through December 31,
1995, up to a maximum aggregate amount of $10,000,000 outstanding
at any one time. The proceeds of the borrowings will be used to
finance a portion of working capital relating to accounts
receivable for engineering services.
The Company is a Massachusetts corporation and is subject to
the jurisdiction of the Massachusetts Department of Public
Utilities (MDPU) with respect to the issuance of securities. As
the notes to be issued by the Company are to mature at periods of
not more than one year from the date of issuance, no approval of
such issuance by the MDPU is required.
The proposed borrowings are within the limits authorized by
the board of directors of the Company on November 2, 1977.
Based on the foregoing, and subject to appropriate action by
the Securities and Exchange Commission under the Public Utility
Holding Company Act of 1935, it is my opinion that, in the event
the proposed transaction is consummated in accordance with the
statement on Form U-1, as amended:
a. All state laws applicable to the proposed transaction
will have been complied with;
b. The Company is validly organized and duly existing;
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Securities and Exchange Commission
Page Two
March 9, 1994
c. The notes representing the proposed borrowings, when
duly executed and delivered and when the consideration
therefor has been received, will be valid and binding
obligations of the Company in accordance with their
terms, subject to laws of general application affecting
the rights and remedies of creditors; and
d. The consummation of the proposed transaction will not
violate the legal rights of the holders of any
securities issued by the Company or any associate
company thereof.
I hereby consent to the use of this opinion in connection
with the statement on Form U-1 filed with the Securities and
Exchange Commission with reference to said transactions.
Very truly yours,
s/ Kirk L. Ramsauer
Kirk L. Ramsauer
Assistant General Counsel
CLE/gbe
