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File No. 70-8743
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, DC 20549
AMENDMENT NO. 1
TO
FORM U-1
APPLICATION/DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
YANKEE ATOMIC ELECTRIC COMPANY
580 Main Street
Bolton, Massachusetts 01740
(Names of company filing this Statement and
Address of Principal Executive Office)
NEW ENGLAND ELECTRIC SYSTEM
and
NORTHEAST UTILITIES
(Name of Top Registered Holding Companies)
Thomas W. Bennet, Jr. Robert King Wulff
Vice President and Treasurer Corporation Counsel
580 Main Street 25 Research Drive
Bolton, Massachusetts 01740 Westborough, Massachusetts 01582
(Names and addresses of Agents for Service)
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Item 3 is amended to read in its entirety as follows:
"(a) (1) The issuance of notes by Yankee Atomic to bank: Sections 6(a)
and 7 of the Act.
(2) The payment of any note indebtedness from the proceeds of the
proposed borrowings: exempted from Section 9(a) by Rule 42."
Item 6 (a) is amended by providing the following exhibit attached hereto:
F 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 Amendment No. 1 to Form
U-1 (Commission's File No. 70-8743) to be signed on its behalf by the
undersigned thereunto duly authorized.
YANKEE ATOMIC ELECTRIC COMPANY
s/Robert King Wulff
__________________________________
Robert King Wulff
Corporation Counsel
DATE: December 28, 1995
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EXHIBIT INDEX
Exhibit No. Description Page
- ----------- ----------- ----
F Opinion of Counsel Filed herewith
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25 Research Drive, Westborough, Massachusetts 01582
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EXHIBIT F
December 28, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Yankee Atomic Electric Company
File No. 70-8743
Dear Commissioners:
Yankee Atomic Electric Company (the Company) has filed an
Application/Declaration on Form U-1 dated November 17, 1995, with your
Commission. The Company seeks authority to make short-term borrowings from
banks from time to time, through December 31, 1997, 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:
a. All state laws applicable to the proposed transaction will have
been complied with;
b. The Company is validly organized and duly existing;
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 transaction.
Very truly yours,
s/Robert King Wulff
Robert King Wulff
Corporation Counsel
