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Previous: NEW ENGLAND ELECTRIC SYSTEM, 35-CERT, 1997-05-14 |
Next: NEW ENGLAND ELECTRIC SYSTEM, 35-CERT, 1997-05-14 |
<PAGE>
File No. 70-8679/70-8675
CERTIFICATE OF NOTIFICATION
(Rule 24)
to the
SECURITIES AND EXCHANGE COMMISSION
by
GRANITE STATE ELECTRIC COMPANY (Granite)
MASSACHUSETTS ELECTRIC COMPANY (Mass Electric)
NANTUCKET ELECTRIC COMPANY (NEC)
NARRAGANSETT ENERGY RESOURCES COMPANY (NERC)
THE NARRAGANSETT ELECTRIC COMPANY (Narragansett)
NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION (NEET)
NEW ENGLAND ENERGY INCORPORATED (NEEI)
NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC.(Mass Hydro)
NEW ENGLAND HYDRO-TRANSMISSION CORPORATION (NH Hydro)
NEW ENGLAND POWER COMPANY (NEP)
NEW ENGLAND POWER SERVICE COMPANY (NEPSCO)
NEW ENGLAND ELECTRIC SYSTEM (NEES)
It is hereby certified that the transactions detailed below, which were
covered by the Statement on Form U-1 as amended and the Orders of the
Securities and Exchange Commission dated October 25, 1995 (File No. 70-8679)
and December 27, 1995 (File No. 70-8675) with respect thereto, have been
carried out in accordance with the terms and conditions of and for the
purposes represented in said Statements and Orders of the Commission.
During the quarter ended March 31, 1997, Borrowing Companies made new
money borrowings as indicated in Exhibit A-1 hereto, the proceeds of which
were used to pay construction costs or to reimburse the treasury therefor, to
retire outstanding securities, to repay money pool borrowing, or to repay
maturing commercial paper or bank loans which were issued in the third
instance to pay construction costs or to reimburse the treasury therefor, and
for other corporate purposes. The maximum concurrent amount of short-term
borrowings outstanding during the quarter and the amount outstanding at the
end of the quarter is shown in Exhibit A-1.
No funds borrowed were paid by a subsidiary company to NEES through
dividends for the purpose of NEES acquiring an interest in an exempt wholesale
generator or in a foreign utility company.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, each undersigned company has duly caused this Certificate of
Notification, Commission's File Nos.70-8679 and 70-8675, to be signed on their
behalf by the undersigned officers thereunto duly authorized.
NEW ENGLAND ELECTRIC SYSTEM
MASSACHUSETTS ELECTRIC COMPANY
NEW ENGLAND POWER COMPANY
NEW ENGLAND POWER SERVICE COMPANY
s/Michael E. Jesanis
By
Michael E. Jesanis
Treasurer
GRANITE STATE ELECTRIC COMPANY
THE NARRAGANSETT ELECTRIC COMPANY
s/John G. Cochrane
By
John G. Cochrane
Assistant Treasurer
NANTUCKET ELECTRIC COMPANY
NARRAGANSETT ENERGY RESOURCES COMPANY
NEW ENGLAND ENERGY INCORPORATED
NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION
NEW ENGLAND HYDRO-TRANSMISSION CORPORATION
NEW ENGLAND HYDRO-TRANSMISSION ELECTRIC COMPANY, INC.
s/John G. Cochrane
By
John G. Cochrane
Treasurer
Date: May 14, 1997
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.
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page
- ----------- ----------- ----
A-1 Borrowing Log Filed herewith
<PAGE>
<TABLE>
NANTUCKET ELECTRIC COMPANY
BORROWING LOG
<CAPTION>
TYPE OF INT. RATE # MATURITY DAILY TOTAL $000'S CUM
DATE INSTRUMENT INSTITUTION TRANSACTION NOM. EFFEC. DAYS DATE INTEREST INTEREST INVESTED AMOUNT
---- ---------- ----------- ----------- ------------ ---- ---- -------- -------- -------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BEGINNING TOTAL @ 1/ 1/97 1500
1/ 3/97:
MONEYPOOL MONEYPOOL NEW MONEY 5.888% 5.888% 3 1/ 6/97 4.09 12.27 25
1525
1/ 6/97:
MATURITIES ( 25)
1500
1/21/97:
MATURITIES ( 1500)
0
2/ 6/97:
MONEYPOOL MONEYPOOL NEW MONEY 5.819% 5.819% 1 2/ 7/97 80.82 80.82 500
500
2/ 7/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 3 2/10/97 72.74 218.21 450
MATURITIES ( 500)
------
DAILY TOTAL ( 50)
450
2/10/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 1 2/11/97 72.74 72.74 450
MONEYPOOL MONEYPOOL NEW MONEY 5.819% 5.819% 1 2/11/97 64.66 64.66 400
------
TOTAL BORROWINGS 850
MATURITIES ( 450)
------
DAILY TOTAL 400
850
2/11/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 1 2/12/97 133.35 133.35 825
MATURITIES ( 850)
------
DAILY TOTAL ( 25)
825
2/12/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 1 2/13/97 133.35 133.35 825
MONEYPOOL MONEYPOOL NEW MONEY 5.819% 5.819% 1 2/13/97 8.08 8.08 50
------
TOTAL BORROWINGS 875
MATURITIES ( 825)
------
DAILY TOTAL 50
875
<PAGE>
2/13/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 1 2/14/97 141.43 141.43 875
MONEYPOOL MONEYPOOL NEW MONEY 5.819% 5.819% 1 2/14/97 4.04 4.04 25
------
TOTAL BORROWINGS 900
MATURITIES ( 875)
------
DAILY TOTAL 25
900
2/14/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 4 2/18/97 141.43 565.74 875
MATURITIES ( 900)
------
DAILY TOTAL ( 25)
875
2/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 1 2/19/97 141.43 141.43 875
MONEYPOOL MONEYPOOL NEW MONEY 5.819% 5.819% 1 2/19/97 24.25 24.25 150
------
TOTAL BORROWINGS 1025
MATURITIES ( 875)
------
DAILY TOTAL 150
1025
2/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.819% 5.819% 1 2/20/97 149.52 149.52 925
MATURITIES ( 1025)
------
DAILY TOTAL ( 100)
925
2/20/97:
MATURITIES ( 925)
0
3/14/97:
MONEYPOOL MONEYPOOL NEW MONEY 5.946% 5.946% 3 3/17/97 4.13 12.39 25
25
3/17/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/18/97 4.13 4.13 25
MONEYPOOL MONEYPOOL NEW MONEY 5.946% 5.946% 1 3/18/97 28.90 28.90 175
------
TOTAL BORROWINGS 200
MATURITIES ( 25)
------
DAILY TOTAL 175
200
3/18/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/19/97 33.03 33.03 200
MONEYPOOL MONEYPOOL NEW MONEY 5.946% 5.946% 1 3/19/97 4.13 4.13 25
------
TOTAL BORROWINGS 225
MATURITIES ( 200)
------
DAILY TOTAL 25
225
<PAGE>
3/19/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/20/97 37.16 37.16 225
MONEYPOOL MONEYPOOL NEW MONEY 5.946% 5.946% 1 3/20/97 16.52 16.52 100
------
TOTAL BORROWINGS 325
MATURITIES ( 225)
------
DAILY TOTAL 100
325
3/20/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/21/97 53.68 53.68 325
MATURITIES ( 325)
------
DAILY TOTAL 0
325
3/21/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 3 3/24/97 53.68 161.04 325
MATURITIES ( 325)
------
DAILY TOTAL 0
325
3/24/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/25/97 53.68 53.68 325
MONEYPOOL MONEYPOOL NEW MONEY 5.946% 5.946% 1 3/25/97 12.39 12.39 75
------
TOTAL BORROWINGS 400
MATURITIES ( 325)
------
DAILY TOTAL 75
400
3/25/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/26/97 53.68 53.68 325
MATURITIES ( 400)
------
DAILY TOTAL ( 75)
325
3/26/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/27/97 53.68 53.68 325
MONEYPOOL MONEYPOOL NEW MONEY 5.946% 5.946% 1 3/27/97 8.26 8.26 50
------
TOTAL BORROWINGS 375
MATURITIES ( 325)
------
DAILY TOTAL 50
375
3/27/97:
MONEYPOOL MONEYPOOL ROLLOVER 5.946% 5.946% 1 3/28/97 12.39 12.39 75
MATURITIES ( 375)
------
DAILY TOTAL ( 300)
75
3/28/97:
MATURITIES ( 75)
0
<PAGE>
TEMPORARY BORROWING STATISTICS
------------------------------
1/ 1/97 TO 3/31/97
--------------------
BORROWINGS AT 3/31/97 $ 0
</TABLE>
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