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Previous: NATIONSBANK CORP, 424B2, 1998-07-15 |
Next: NEW ENGLAND ELECTRIC SYSTEM, 35-CERT, 1998-07-15 |
<PAGE>
File No.70-9109
CERTIFICATE OF NOTIFICATION
(Rule 24)
SECURITIES AND EXCHANGE COMMISSION
by
NEW ENGLAND ELECTRIC SYSTEM (NEES)
It is hereby certified that the transactions detailed below, which were
covered by the Statement on Form U-l as amended and the Order of the
Securities and Exchange Commission dated December 10, 1997 with respect
thereto, have been carried out in accordance with the terms and conditions of
and for the purposes represented in said Statement and Order of the Commission
as follows:
During the quarter ended June 30, 1998, NEES made new money borrowings as
indicated in Exhibit A-1 hereto. 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.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act of
l935, the undersigned company has duly caused this certificate of notification
to be signed on its behalf by the undersigned officer thereunto duly
authorized.
NEW ENGLAND ELECTRIC SYSTEM
s/John G. Cochrane
By
John G. Cochrane
Treasurer
Date: July 15, 1998
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>
NEW ENGLAND ELECTRIC SYSTEM (TRUST)
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 @ 4/ 1/98 121150
4/ 1/98:
COMM PAP MER LYNCH ROLLOVER 5.810% 5.811% 1 4/ 2/98 581.00 581.00 3600
MATURITIES ( 25750)
------
DAILY TOTAL ( 22150)
99000
4/ 2/98:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.624% 28 4/30/98 560.00 15680.00 3600
COMM PAP MER LYNCH NEW MONEY 5.600% 5.624% 28 4/30/98 560.00 15680.00 3600
------
TOTAL BORROWINGS 7200
MATURITIES ( 3600)
------
DAILY TOTAL 3600
102600
4/ 6/98:
COMM PAP MER LYNCH NEW MONEY 5.570% 5.576% 7 4/13/98 464.17 3249.17 3000
105600
4/ 7/98:
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.561% 13 4/20/98 3083.33 40083.33 20000
MATURITIES ( 20000)
------
DAILY TOTAL 0
105600
4/ 9/98:
COMM PAP MER LYNCH ROLLOVER 5.570% 5.600% 35 5/14/98 2212.53 77438.47 14300
COMM PAP 1 ST BOST NEW MONEY 5.550% 5.553% 4 4/13/98 462.50 1850.00 3000
------
TOTAL BORROWINGS 17300
MATURITIES ( 14300)
------
DAILY TOTAL 3000
108600
4/13/98:
COMM PAP MER LYNCH ROLLOVER 5.560% 5.563% 3 4/16/98 463.33 1390.00 3000
COMM PAP MER LYNCH NEW MONEY 5.560% 5.563% 3 4/16/98 308.89 926.67 2000
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.626% 30 5/13/98 2916.67 87500.01 18750
------
TOTAL BORROWINGS 23750
MATURITIES ( 21750)
------
DAILY TOTAL 2000
110600
<PAGE>
4/15/98:
COMM PAP MER LYNCH NEW MONEY 5.570% 5.596% 30 5/15/98 464.17 13925.00 3000
113600
4/16/98:
COMM PAP MER LYNCH NEW MONEY 5.560% 5.595% 40 5/26/98 772.22 30888.89 5000
MATURITIES ( 5000)
------
DAILY TOTAL 0
113600
4/17/98:
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.610% 35 5/22/98 465.00 16275.00 3000
116600
4/20/98:
COMM PAP 1 ST BOST ROLLOVER 5.560% 5.572% 14 5/ 4/98 3088.89 43244.45 20000
MATURITIES ( 20000)
------
DAILY TOTAL 0
116600
4/21/98:
COMM PAP MER LYNCH NEW MONEY 5.560% 5.568% 9 4/30/98 772.22 6950.00 5000
121600
4/23/98:
COMM PAP 1 ST BOST NEW MONEY 5.570% 5.595% 29 5/22/98 618.89 17947.78 4000
125600
4/27/98:
COMM PAP 1 ST BOST NEW MONEY 5.590% 5.604% 16 5/13/98 776.39 12422.22 5000
130600
4/30/98:
COMM PAP MER LYNCH ROLLOVER 5.570% 5.593% 27 5/27/98 1887.61 50965.50 12200
MATURITIES ( 12200)
------
DAILY TOTAL 0
130600
5/ 4/98:
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.606% 30 6/ 3/98 3100.00 93000.01 20000
MATURITIES ( 20000)
------
DAILY TOTAL 0
130600
5/ 7/98:
COMM PAP MER LYNCH ROLLOVER 5.550% 5.561% 13 5/20/98 3908.13 50805.63 25350
COMM PAP 1 ST BOST NEW MONEY 5.470% 5.474% 5 5/12/98 835.69 4178.47 5500
------
TOTAL BORROWINGS 30850
MATURITIES ( 25350)
------
DAILY TOTAL 5500
136100
5/11/98:
COMM PAP 1 ST BOST NEW MONEY 5.570% 5.610% 46 6/26/98 1237.78 56937.78 8000
144100
<PAGE>
5/12/98:
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.616% 30 6/11/98 854.03 25620.84 5500
MATURITIES ( 5500)
------
DAILY TOTAL 0
144100
5/13/98:
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.628% 43 6/25/98 3687.85 158577.44 23750
COMM PAP 1 ST BOST NEW MONEY 5.590% 5.628% 43 6/25/98 504.65 21700.07 3250
------
TOTAL BORROWINGS 27000
MATURITIES ( 23750)
------
DAILY TOTAL 3250
147350
5/14/98:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.636% 41 6/24/98 2224.44 91202.23 14300
MATURITIES ( 14300)
------
DAILY TOTAL 0
147350
5/15/98:
COMM PAP MER LYNCH ROLLOVER 5.590% 5.621% 35 6/19/98 465.83 16304.17 3000
COMM PAP MER LYNCH NEW MONEY 5.590% 5.621% 35 6/19/98 854.03 29890.97 5500
------
TOTAL BORROWINGS 8500
MATURITIES ( 3000)
------
DAILY TOTAL 5500
152850
5/19/98:
COMM PAP MER LYNCH NEW MONEY 5.580% 5.616% 41 6/29/98 465.00 19065.00 3000
155850
5/20/98:
COMM PAP MER LYNCH ROLLOVER 5.570% 5.599% 34 6/23/98 3922.21 133355.09 25350
COMM PAP MER LYNCH NEW MONEY 5.570% 5.599% 34 6/23/98 773.61 26302.78 5000
------
TOTAL BORROWINGS 30350
MATURITIES ( 25350)
------
DAILY TOTAL 5000
160850
5/21/98:
COMM PAP MER LYNCH NEW MONEY 5.580% 5.614% 39 6/29/98 465.00 18135.00 3000
163850
5/22/98:
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.585% 17 6/ 8/98 1083.06 18411.95 7000
MATURITIES ( 7000)
------
DAILY TOTAL 0
163850
<PAGE>
5/26/98:
COMM PAP MER LYNCH ROLLOVER 5.590% 5.608% 21 6/16/98 776.39 16304.17 5000
MATURITIES ( 5000)
------
DAILY TOTAL 0
163850
5/27/98:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.618% 21 6/17/98 1897.78 39853.33 12200
COMM PAP MER LYNCH NEW MONEY 5.610% 5.622% 14 6/10/98 1106.42 15489.83 7100
------
TOTAL BORROWINGS 19300
MATURITIES ( 12200)
------
DAILY TOTAL 7100
170950
5/28/98:
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.598% 21 6/18/98 1174.13 24656.63 7575
178525
5/29/98:
COMM PAP MER LYNCH NEW MONEY 5.590% 5.643% 60 7/28/98 15217.22 913033.28 98000
COMM PAP 1 ST BOST NEW MONEY 5.590% 5.643% 60 7/28/98 15217.22 913033.28 98000
------
TOTAL BORROWINGS 196000
374525
6/ 2/98:
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.642% 59 7/31/98 3105.56 183227.78 20000
MATURITIES ( 20000)
------
DAILY TOTAL 0
374525
6/ 3/98:
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.630% 57 7/30/98 2480.00 141360.00 16000
MATURITIES ( 20000)
------
DAILY TOTAL ( 4000)
370525
6/ 8/98:
MATURITIES ( 7000)
363525
6/10/98:
MATURITIES ( 7100)
356425
6/11/98:
MATURITIES ( 5500)
350925
6/15/98:
COMM PAP MER LYNCH NEW MONEY 5.580% 5.604% 28 7/13/98 2580.75 72261.01 16650
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.606% 30 7/15/98 2658.25 79747.51 17150
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.605% 29 7/14/98 1550.00 44950.00 10000
------
TOTAL BORROWINGS 43800
394725
<PAGE>
6/16/98:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.631% 35 7/21/98 777.78 27222.22 5000
MATURITIES ( 5000)
------
DAILY TOTAL 0
394725
6/17/98:
COMM PAP MER LYNCH ROLLOVER 5.610% 5.636% 30 7/17/98 1901.17 57035.00 12200
MATURITIES ( 12200)
------
DAILY TOTAL 0
394725
6/18/98:
COMM PAP 1 ST BOST ROLLOVER 5.630% 5.649% 21 7/ 9/98 1184.65 24877.57 7575
MATURITIES ( 7575)
------
DAILY TOTAL 0
394725
6/19/98:
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.650% 34 7/23/98 1326.94 45116.11 8500
MATURITIES ( 8500)
------
DAILY TOTAL 0
394725
6/23/98:
COMM PAP MER LYNCH ROLLOVER 5.620% 5.652% 36 7/29/98 4737.97 170566.98 30350
COMM PAP MER LYNCH NEW MONEY 5.620% 5.652% 36 7/29/98 772.75 27819.00 4950
------
TOTAL BORROWINGS 35300
MATURITIES ( 30350)
------
DAILY TOTAL 4950
399675
6/24/98:
COMM PAP MER LYNCH ROLLOVER 5.630% 5.663% 37 7/31/98 2236.36 82745.36 14300
COMM PAP MER LYNCH NEW MONEY 5.630% 5.663% 37 7/31/98 719.39 26617.39 4600
------
TOTAL BORROWINGS 18900
MATURITIES ( 14300)
------
DAILY TOTAL 4600
404275
6/25/98:
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.648% 32 7/27/98 4215.00 134879.98 27000
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.648% 32 7/27/98 1264.50 40464.00 8100
------
TOTAL BORROWINGS 35100
MATURITIES ( 27000)
------
DAILY TOTAL 8100
412375
<PAGE>
6/26/98:
COMM PAP 1 ST BOST ROLLOVER 5.720% 5.724% 4 6/30/98 858.00 3432.00 5400
MATURITIES ( 8000)
------
DAILY TOTAL ( 2600)
409775
6/29/98:
MATURITIES ( 6000)
403775
6/30/98:
MATURITIES ( 5400)
398375
TEMPORARY BORROWING STATISTICS
------------------------------
4/ 1/98 TO 6/30/98
--------------------
BORROWINGS AT 6/30/98 $398375040
</TABLE>
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