SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
FORM U-6B-2
Certificate of Notification
Certificate is filed by: Public Service Company of New Hampshire
This certificate is notice that the above-named company has issued,
renewed or guaranteed the security or securities described herein which
issue, renewal or guaranty was exempted from the provisions of Section 6(a)
of the Act and was neither the subject of a declaration or application on
Form U-1 nor included within the exemption provided by Rule U-48.
1. Type of the security or securities:
Series D Letter of Credit and Reimbursement Agreement.
Series E Letter of Credit and Reimbursement Agreement.
Conversion of $75,000,000 Series D and $44,800,000 Series E tax-exempt
pollution control revenue bonds from flexible to fixed rate mode
and remarketing of converted bonds.
2. Issue, renewal or guaranty:
Amendment and Renewal of Series D and E Letters of Credit and Letter of
Credit and Reimbursement Agreement.
Conversion of $75,000,000 Series D and $44,800,000 Series E tax-exempt
pollution control revenue bonds from flexible to fixed rate mode.
3. Principal amount of security:
Series D Letter of Credit - $41,748,000 aggregate principal amount.
Series E Letter of Credit - $73,666,000 aggregate principal amount.
Conversion of $75,000,000 principal amount of Series D tax-exempt
pollution control revenue bonds from flexible to fixed rate mode.
Conversion of $44,800,000 principal amount of Series E tax-exempt pollution
control revenue bonds from flexible to fixed rate mode.
4. Rate of interest per annum of each security:
Not applicable to Series D and E Letters of Credit and
Reimbursement Agreements.
Series D and E tax-exempt pollution control revenue bonds, due May 1, 2021,
converted to fixed rate of 6 percent.
5. Date of issue, renewal or guaranty of each security:
Letters of Credit and related Letters of Credit and Reimbursement Agreements
extended as of April 23, 1998. Conversion of tax-exempt pollution control
revenue bonds to fixed rate mode occurring on May 1, 1998. Integrated
transaction closing May 1, 1998.
6. If renewal of security, give date of original issue:
Series D and E Letter of Credit and Reimbursement Agreements dated as of
May 1, 1995. Series D and E Letters of Credit issued May 2, 1995.
Series D tax-exempt pollution control revenue bonds originally issued
December 17, 1992.
Series E tax-exempt pollution control revenue bonds originally issued
December 15, 1993.
7. Date of maturity of security:
Series D and E Letters of Credit expire April 22, 1999.
Converted Series D and E tax-exempt pollution control revenue bonds due
May 1, 2021.
8. Name of the person to whom security was issued, renewed or
guaranteed:
Series D Letter of Credit issued by Barclays Bank PLC, New York Branch
as issuing bank and agent and by Participating Banks. Series E Letter of
Credit issued by Swiss Bank Corporation, Stamford Branch as issuing bank
and agent and by Participating Banks.
Converted fixed rate Series D and E tax-exempt pollution control revenue
bonds remarketed by Morgan Stanley Dean Witter and Goldman, Sachs and Co.,
as remarketing agents under Loan and Trust Agreements and Amended and
Restated Remarketing Agreement.
9. Collateral given with security, if any:
Pledge of accounts receivable granted as additional security for Series D and
E Letters of Credit pursuant to renewed and amended Letter of Credit and
Reimbursement Agreements. (Series F and G First Mortgage Bonds originally
provided as security for Series D and E taxable and tax-exempt pollution
control revenue bonds.)
10. Consideration received for security:
Not applicable.
11. Application of proceeds of security:
Not applicable.
12. Indicate by a check after the applicable statement below whether the
issue, renewal or guaranty of each security was exempt from the
provisions of Section 6(a) because of:
a. the provisions contained in the first sentence of
Section 6(b):
Not applicable.
b. the provisions contained in the fourth sentence of
Section 6(b):
Not applicable.
c. the provisions contained in any rule of the Commission other than
Rule U-48:
X
13. If the security or securities were exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b), give the
figures which indicate that the security or securities aggregate
(together with all other than outstanding notes and drafts of a
maturity of nine months or less, exclusive of days of grace, as to
which such company is primarily or secondarily liable) not more than
5 per centum of the principal amount and par value of the other
securities of such company then outstanding. (Demand notes,
regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for purposes of
the exemption from Section 6(a) of the Act granted by the first
sentence of Section 6(b).)
Not applicable.
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b), name the
security outstanding on January 1, 1935, pursuant to the terms of
which the security or securities herein described have been
issued:
Not applicable.
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than
Rule U-48, designate the rule under which exemption is claimed:
Rule 52.
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
By /s/Catherine E. Shively
Senior Counsel
Public Service Company of New Hampshire
Its Attorney
Date: June 15, 1998
