FILE No. 70-8641
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 3
to
Form U-1
APPLICATION/DECLARATION WITH RESPECT TO BROKERING
AND MARKETING ACTIVITIES
Under
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
HOLYOKE WATER POWER COMPANY
WESTERN MASSACHUSETTS ELECTRIC PUBLIC SERVICE COMPANY OF
COMPANY NEW HAMPSHIRE
174 Brush Hill Avenue 1000 Elm Street
West Springfield, MA 01809 Manchester, NH 03015
THE CONNECTICUT LIGHT AND POWER
COMPANY
NORTHEAST UTILITIES SERVICE COMPANY
107 Selden Street
Berlin, CT 06037
(Names of companies filing this statement and
addresses of principal executive offices)
NORTHEAST UTILITIES
(Name of top registered holding company)
Robert P. Wax, Esq.
Vice President, Secretary and General Counsel
Northeast Utilities Service Company
107 Selden Street
Berlin, Connecticut 06037
(Name and address of agent for service)
The Commission is requested to mail signed copies of all orders, notices and
communication to:
Jeffrey C. Miller, Esq. John B. Keane
Assistant General Counsel Vice President and Treasurer
Northeast Utilities Northeast Utilities
Service Company Service Company
107 Selden Street 107 Selden Street
Berlin, Connecticut 06037 Berlin, Connecticut 06037
The Application-Declaration in this File No. 70-8641, as heretofore
amended, is hereby further amended as follows:
Item I. Description of Proposed Transactions
Paragraph 16 of the Application-Declaration is restated to read as
follows:
"16. All Marketing activities, including the Marketing activities
conducted wholly outside of NEPOOL ("Non-NEPOOL Marketing") and the
fuel-for-energy activities described above, will be carried on by
personnel employed by NUSCO who engage in the day-to-day power marketing
activity of the NU System. NUSCO in turn will be acting as agent for
the account of those Operating Companies as are directly related to the
customer involved and as such will have no beneficial interest in the
revenues from Marketing. In all such cases the Operating Companies will
be acting as principals and will take title to the power and energy
which is the subject matter of the arrangement. NUSCO personnel engaged
in such activities and in Brokering activities will account for their
time through the NU System's regular time accounting system by charging
to specific "activity codes" established for the affected System
companies. Overheads and ancillary expenses will be similarly charged.
The Operating Companies may also, and they hereby seek permission to,
engage directly in Marketing activities for their own account, either
individually or in cooperation with other Operating Companies with or
without the assistance of NUSCO. Revenues from Marketing will be paid
directly to and will be credited entirely to reduce the affected
Operating Companies' costs of operation, with resulting benefits to
consumers and investors. Revenues from Marketing activities are not
expected to exceed $110 million in each of 1995 and 1996, of which
revenues from the fuel-for-energy activities described above are not
estimated to exceed $10 million in each of 1995 and 1996. For each of
the one year periods during the period ending December 31, 1993, NEPOOL
Marketing revenues were $370 million in 1991, $350 million in 1992 and
$380 million in 1993. The projected Non-NEPOOL Marketing revenues for
each of the years 1995-1996 are not expected to exceed NEPOOL Marketing
revenues for those years."
Item III. Applicable Statutory Provisions
The following is added to Paragraph 24 of the Application-Declaration:
"Furthermore, NUSCO will file a summary of its expenses and activities
in engaging in the jurisdictional actions contemplated in this
Application-Declaration (i) on a quarterly basis, within 60 days after
the end of each calendar quarter and (ii) on an annual basis as part of
its Form U-13-60, within 120 days after the end of each calendar year.
The Operating Companies will also file copies of such portions of their
respective FERC Form 1s as indicate off-System Marketing activities
subject to the jurisdiction of the Commission."
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, the undersigned has duly caused this amendment to be signed on its
behalf by the undersigned thereunto duly authorized.
Date: August 2, 1995 THE CONNECTICUT LIGHT AND
POWER COMPANY
NORTHEAST UTILITIES SERVICE
COMPANY
WESTERN MASSACHUSETTS ELECTRIC
COMPANY
HOLYOKE WATER POWER COMPANY
PUBLIC SERVICE COMPANY OF NEW
HAMPSHIRE
By: /s/Jeffrey C. Miller
Their Attorney
