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File No. 70-8475
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 3
TO
FORM U-1
APPLICATION/DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NEW ENGLAND ELECTRIC SYSTEM
and
NEW ENGLAND ELECTRIC RESOURCES, INC.
(Name of companies filing this statement)
25 Research Drive, Westborough, Massachusetts 01582
(Address of principal executive offices)
NEW ENGLAND ELECTRIC SYSTEM
(Name of top registered holding company parent
of the participating companies herein)
Michael E. Jesanis Robert King Wulff
Treasurer Corporation Counsel
25 Research Drive 25 Research Drive
Westborough, MA 01582 Westborough, MA 01582
(Names and addresses of agents for service)
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Item 1 is amended as follows:
(a) The following paragraph is added to the end of Item 1:
"Neither NEES nor any subsidiary has an ownership interest in an exempt
wholesale generator (EWG) or foreign utility company (FUCO) as defined in
Sections 32 and 33 of the Act nor will NEES or any subsidiary acquire such an
interest as a result of the transactions proposed herein. Additionally,
neither NEES nor any subsidiary is a party to, or has any rights under, a
service, sales or construction agreement with an EWG or FUCO."
(b) The following words are deleted from the subpart of Item 1 entitled
"Authority Requested":
"In connection with projects which exceed the funding limits in item (c)
above, NEERI will seek further authority from the Commission prior to invest-
ing any equity funds in such other projects."
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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. 3 to Form
U-1 Application/Declaration (Commission's File No. 70-8475) to be signed on
its behalf, as indicated, by the undersigned officer thereunto duly authorized
by such company.
NEW ENGLAND ELECTRIC SYSTEM
s/Michael E. Jesanis
By_______________________________________
Michael E. Jesanis
Treasurer
NEW ENGLAND ELECTRIC RESOURCES, INC.
s/John G. Cochrane
By_______________________________________
John G. Cochrane
Treasurer
Date: April 13, 1995
The name "New England Electric System" means the trustee or trustees for the
time being (as trustee or trustees but not personally) under an agreement and
declaration of trust dated January 2, 1926, as amended, which is hereby
referred to, and a copy of which as amended has been filed with the Secretary
of the Commonwealth of Massachusetts. Any agreement, obligation or liability
made, entered into or incurred by or on behalf of New England Electric System
binds only its trust estate, and no shareholder, director, trustee, officer or
agent thereof assumes or shall be held to any liability therefor.
