File No. 70-7627
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
POST-EFFECTIVE AMENDMENT NO. 5 TO
FORM U-1 DECLARATION
UNDER THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
_________________________________
MAINE YANKEE ATOMIC POWER COMPANY
329 Bath Road
Brunswick, Maine 04011
(Name of company filing this statement and
address of principal executive office)
_________________________________
NEW ENGLAND ELECTRIC SYSTEM
NORTHEAST UTILITIES
(Name of top registered holding company parent)
_________________________________
William M. Finn, Esq.
Secretary
Maine Yankee Atomic Power Company
83 Edison Drive
Augusta, Maine 04330
Patrick S. Lydon
Vice President, Finance and Administration
Maine Yankee Atomic Power Company
329 Bath Road
Brunswick, Maine 04011
(Names and address of agents for service)
The Commission is requested to send copies of all orders, notices
and communications to:
E. Ellsworth McMeen, III, Esq.
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
125 West 55th Street
New York, New York 10019-4513
On May 26, 1995, Maine Yankee Atomic Power Company
("Maine Yankee") filed Post-Effective Amendment No. 3 to its
Application-Declaration on Form U-1 (File No. 70-7627) (the
"Application"), which was subsequently amended by Post-Effective
Amendment No. 4. Maine Yankee filed the Application with the
Securities and Exchange Commission (the "Commission") pursuant to
Section 6(a) and 7 of the Public Utility Holding Company Act of
1935 (the "Act") to extend through August 31, 1998 the
Commission's authorization for Maine Yankee to issue promissory
notes under a Secured Credit Agreement (the "Credit Agreement")
dated as of August 15, 1989 between Maine Yankee and a syndicate
of commercial banks for which the Bank of New York acts as agent
bank.
On June 28, 1995, the Commission amended Rule 52 of the
Act to provide that:
any registered holding-company subsidiary which is
itself a public-utility company shall be exempt from
Section 6(a) of the Act and rules thereunder with
respect to the issue and sale of any common stock,
preferred stock, bond, note or other form of
indebtedness of which it is the issuer (excluding any
guaranty and other form of assumption of liability on
the obligations of another) if (1) the issue and sale
of such security are solely for the purpose of
financing the business of such public-utility
subsidiary company; (2) the issue and sale of such
security have been expressly authorized by the state
commission of the state in which such subsidiary
company is organized and doing business; and (3) the
interest rates and maturity dates of any debt security
issued to an associate company are designed to parallel
the effective cost of capital of that associate
company.<F1>
____________________
<F1> 60 F.R. 33,634 (June 28, 1995).
Since the issuance of indebtedness by Maine Yankee under the
Credit Agreement meets the criteria set forth above, the
exemption provided in new Rule 52 makes Post-Effective Amendments
Nos. 3 and 4 unnecessary. Maine Yankee therefore withdraws Post-
Effective Amendments No. 3 and 4.
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned company has duly
caused this Amended Application to be signed on its behalf by the
undersigned thereunto duly authorized.
MAINE YANKEE ATOMIC POWER COMPANY
By: /s/ Patrick S. Lydon
Patrick S. Lydon
Vice President, Finance and
Administration
Date: July 27, 1995
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<ARTICLE> OPUR1
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995
<PERIOD-END> MAR-31-1995 MAR-31-1995
<BOOK-VALUE> PER-BOOK PRO-FORMA
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<OTHER-PROPERTY-AND-INVEST> 212,622 212,622
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<COMMON> 50,000 50,000
<CAPITAL-SURPLUS-PAID-IN> 17,390 17,390
<RETAINED-EARNINGS> 144 144
<TOTAL-COMMON-STOCKHOLDERS-EQ> 67,534 67,534
18,600 18,600
0 0
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<LONG-TERM-DEBT-CURRENT-PORT> 6,667 6,667
600 600
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<OTHER-ITEMS-CAPITAL-AND-LIAB> 378,720 378,720
<TOT-CAPITALIZATION-AND-LIAB> 568,787 568,787
<GROSS-OPERATING-REVENUE> 197,203 197,203
<INCOME-TAX-EXPENSE> (125) (125)
<OTHER-OPERATING-EXPENSES> 180,288 180,288
<TOTAL-OPERATING-EXPENSES> 180,163 180,163
<OPERATING-INCOME-LOSS> 17,040 17,040
<OTHER-INCOME-NET> 5,475 5,475
<INCOME-BEFORE-INTEREST-EXPEN> 22,515 22,515
<TOTAL-INTEREST-EXPENSE> 13,945 13,945
<NET-INCOME> 8,570 8,570
1,547 1,547
<EARNINGS-AVAILABLE-FOR-COMM> 7,023 7,023
<COMMON-STOCK-DIVIDENDS> 7,175 7,175
<TOTAL-INTEREST-ON-BONDS> 8,320 8,320
<CASH-FLOW-OPERATIONS> 54,888 54,888
<EPS-PRIMARY> 14.05 14.05
<EPS-DILUTED> 14.05 14.05
</TABLE>
