MAINE YANKEE ATOMIC POWER CO
U-6B-2, 1998-04-09
ELECTRIC SERVICES
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                           FORM U-6B-2

                SECURITIES AND EXCHANGE COMMISSION

                         Washington, D.C.

                      FORM U-6B-2
                    File Nos.  70-7627
                                     70-7638
                   Certificate of Notification

Filed by a registered holding company or subsidiary thereof pursuant to Rule
U-20-(d) adopted under the Public Utility Holding Company Act of 1935.

Certificate is filed by Maine Yankee Atomic Power Company.

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.  See Exhibits 1 and 2.

2.   Issue, renewal or guaranty:  See Exhibits 1 and 2.

3.   Principal amount of each security.  See Exhibits 1 and 2.

4.   Rate of interest per annum of each security.  See Exhibits 1 and 2.

5.   Date of issue, renewal or guaranty of each security.  See Exhibits 1 and  
     2.

6.   If renewal of security, give date of original issue.  See Exhibits 1 and  
     2.

7.   Date of maturity of each security.  See Exhibits 1 and 2.

8.   Name of the person to whom each security was issued, renewed or       
     guaranteed.  See Exhibits 1 and 2.

9.   Collateral given with each security, if any.  See Exhibits 1 and 2.

10.  Consideration received for each security.  See Exhibits 1 and 2.

11.  Application of proceeds of each security.  See Exhibits 1 and 2.

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),

     b.   the provisions contained in the fourth sentence of Section 6(b),

     c.   the provisions contained in any rule of the Commission other than    
          Rule U-48.  X  Rule 52 (for both).

     (If reporting for more than one security insert the identifying symbol    
     after applicable statement.)
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<PAGE>
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 (for both).

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 security   
     or securities herein described have been issued.  Not Applicable (for     
     both).

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 (for both).

                         Maine Yankee Atomic Power Company


                         By   Michael E. Thomas              
                              Michael E. Thomas, Vice President and Treasurer



     Date: April 10, 1998

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<PAGE>
<TABLE>
                                                      Exhibit 1  
                Maine Yankee Atomic Power Company     Page 1 of 2
                             Table I
                      (Dollars in Thousands)
<CAPTION>
Question    1           2         3      4        5       6      7       8
Loan       
 <S>  <C>                      <C>     <C>      <C>            <C>           <C> <C>         <C>
 A    Promissory Note  Issue    7,809   6.1250%    02/13/98  N/A 04/15/98 ALL
 B    Promissory Note  Issue   10,000   6.1250%    02/19/98   N/A 04/15/98 ALL
 C    Promissory Note  Issue     5,000   6.1875%    03/02/98   N/A 04/15/98 ALL
 D    Promissory Note  Issue    8,000    6.1875%    03/09/98   N/A 04/15/98 ALL
 E    Promissory Note  Issue     7,000   6.1875%    03/16/98  N/A 04/15/98   ALL

</TABLE>
[CAPTION]
All Notes under the Secured Credit Agreement dated as of August 15, 1989,
among Maine Yankee Atomic Power Company ("Maine Yankee"), The Bank of New
York, as Agent, and the Banks listed below, as amended (the "Credit
Agreement"), are payable to the five lender banks (the "Banks") listed below
in the ratio of each Bank's Commitment to the Aggregate Commitments of
$50,000,000, except for Bid Loans, which are payable solely to the Bank that
was the successful bidder.  The Banks, their name abbreviations for
convenience of reference in this Schedule, and the amounts of their individual
Commitments are as follows:

<TABLE>
<CAPTION>     
   Bank and Name Abbreviation                                  Commitment
   <S>                                                                            <C>
   The Bank of New York ("BNY")                             $20,000,000
   The First National Bank of Boston ("FNBB")             7,500,000
   Union Bank of Switzerland ("UBS")                           7,500,000
   The Toronto-Dominion Bank ("TD")                          7,500,000
   Fleet Bank of Maine ("FL")                                        7,500,000
        Aggregate Commitments                                   $50,000,000 (1)
</TABLE>

(1) Subsequently reduced by agreement to $42,000,000.  Paid down to
 $37,809,275.48 on January 23, 1998.

The Notes bear interest at the Base Rate, the Adjusted CD Rate, the Adjusted
Eurodollar Rate, or the Bid Loan Rate, all as described in the Credit
Agreement, with such fees as are provided in the Credit Agreement.

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<PAGE>     
                                                      Exhibit 1  
                                                      Page 2 of 2

Question 9:
The Notes are secured by a first lien on Maine Yankee's nuclear fuel inventory
and its rights to payment for fuel costs from the electric utility companies
that sponsor Maine Yankee (the "Sponsors") pursuant to Power Contracts dated
as of May 20, 1968, as amended, and an Additional Power Contract dated as of
February 1, 1984.  The Notes are also secured by Maine Yankee's rights to
require the Sponsors to purchase the common stock of, or contribute capital or
make loans or advances to, Maine Yankee to finance the costs of obtaining and
maintaining an inventory of nuclear fuel pursuant to Capital Funds Agreements,
dated as of May 20, 1968, with each of the Sponsors.
     
Questions 10 and 11:
The consideration for the Loans is cash.  The proceeds of the Loans are used
for general corporate purposes.

The terms used in this Schedule and not defined herein are used as defined in
the Credit Agreement.


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<PAGE>
<TABLE>
                                                      Exhibit 2  
                Maine Yankee Atomic Power Company                
                             Table I
                      (Dollars in Thousands)
<CAPTION>
Question          1              2          3            4                 5            6           7            8
Loan       
<S>   <C>                        <C>     <C>       <C>           <C>           <C>    <C>           <C>
A      Promissory Note   Issue    7,000   6.2500%   02/04/98   N/A   04/15/98   ALL
B      Promissory Note   Issue    15,506   6.2500%   02/13/98    N/A   04/15/98   ALL


</TABLE>

All Notes under the Eurodollar Revolving Credit Agreement dated as of
January 15, 1990, among Maine Yankee Atomic Power Company ("Maine Yankee"),
Union Bank of Switzerland, as Agent, and the Banks listed below, as amended
(the "Eurodollar Agreement"), are payable to the four lender banks (the
"Banks") listed below in the ratio of each Bank's Commitment to the Aggregate
Commitments of $35,000,000.  The Banks, their name abbreviations for
convenience of reference in this Schedule, and the amounts of their individual
Commitments are as follows:
     
<TABLE>
<CAPTION>
   Bank and Name Abbreviation                       Commitment
    <S>                                                                <C>
   Union Bank of Switzerland ("UBS")             $10,000,000
   The Toronto-Dominion Bank ("TD")              10,000,000
   The Bank of Nova Scotia ("BNS")                    7,500,000
   CIBC Inc.  ("CI")                                               7,500,000
        Aggregate Commitments                          $35,000,000 (1)
</TABLE>

(1) Subsequently reduced by agreement to $25,000,000.  Paid down to
$22,505,521.11 on January 23, 1998.
     
The Notes bear interest at a Base Rate based on the LIBOR rate for the
applicable Interest Period, as described in the Eurodollar Agreement, with
such fees as are provided in the Eurodollar Agreement.
     
Question 9:
The Notes are secured by a second lien on Maine Yankee's nuclear fuel
inventory and its rights to payment for fuel costs from the electric utility
companies that sponsor Maine Yankee (the "Sponsors") pursuant to Power
Contracts dated as of May 20, 1968, as amended, and an Additional Power
Contract dated as of February 1, 1984.  The Notes are also secured by a second
lien on Maine Yankee's rights to require the Sponsors to purchase the common
stock of, or contribute capital or make loans or advances to, Maine Yankee to
finance the costs of obtaining and maintaining an inventory of nuclear fuel
pursuant to Capital Funds Agreements, dated as of May 20, 1968, with each of
the Sponsors.
     
Questions 10 and 11:
The consideration for the Loans is cash.  The proceeds of the Loans are used
for general corporate purposes.

The terms used in this Schedule and not defined herein are used as defined in
the Credit Agreement.

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