|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: NEW ENGLAND ELECTRIC SYSTEM, 35-CERT, 1998-11-10 |
Next: NEW ENGLAND TELEPHONE & TELEGRAPH CO, 10-Q, 1998-11-10 |
<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 September 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: November 10, 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 @ 7/ 1/98 398375
7/ 1/98:
COMM PAP 1 ST BOST NEW MONEY 5.720% 5.726% 7 7/ 8/98 2613.72 18296.06 16450
414825
7/ 2/98:
COMM PAP 1 ST BOST NEW MONEY 5.670% 5.674% 4 7/ 6/98 1850.63 7402.50 11750
426575
7/ 6/98:
MATURITIES ( 11750)
414825
7/ 8/98:
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.588% 9 7/17/98 1867.75 16809.75 12050
MATURITIES ( 16450)
------
DAILY TOTAL ( 4400)
410425
7/ 9/98:
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.590% 11 7/20/98 871.88 9590.63 5625
MATURITIES ( 7575)
------
DAILY TOTAL ( 1950)
408475
7/13/98:
COMM PAP MER LYNCH ROLLOVER 5.570% 5.588% 21 8/ 3/98 1512.41 31760.61 9775
MATURITIES ( 16650)
------
DAILY TOTAL ( 6875)
401600
7/14/98:
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.602% 2 7/16/98 945.00 1890.00 6075
MATURITIES ( 10000)
------
DAILY TOTAL ( 3925)
397675
7/15/98:
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.606% 7 7/22/98 2341.11 16387.78 15050
MATURITIES ( 17150)
------
DAILY TOTAL ( 2100)
395575
7/16/98:
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.597% 8 7/24/98 784.15 6273.22 5050
MATURITIES ( 6075)
------
DAILY TOTAL ( 1025)
394550
<PAGE>
7/17/98:
COMM PAP MER LYNCH ROLLOVER 5.550% 5.553% 4 7/21/98 1522.40 6089.58 9875
COMM PAP 1 ST BOST ROLLOVER 5.500% 5.503% 3 7/20/98 1840.97 5522.92 12050
------
TOTAL BORROWINGS 21925
MATURITIES ( 24250)
------
DAILY TOTAL ( 2325)
392225
7/20/98:
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.613% 15 8/ 4/98 2749.44 41241.66 17675
COMM PAP 1 ST BOST NEW MONEY 5.600% 5.613% 15 8/ 4/98 661.11 9916.67 4250
------
TOTAL BORROWINGS 21925
MATURITIES ( 17675)
------
DAILY TOTAL 4250
396475
7/21/98:
COMM PAP MER LYNCH ROLLOVER 5.580% 5.593% 15 8/ 5/98 2305.62 34584.38 14875
COMM PAP MER LYNCH NEW MONEY 5.580% 5.593% 15 8/ 5/98 666.50 9997.50 4300
------
TOTAL BORROWINGS 19175
MATURITIES ( 14875)
------
DAILY TOTAL 4300
400775
7/22/98:
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.603% 15 8/ 6/98 2336.93 35053.96 15050
COMM PAP 1 ST BOST NEW MONEY 5.590% 5.603% 15 8/ 6/98 279.50 4192.50 1800
------
TOTAL BORROWINGS 16850
MATURITIES ( 15050)
------
DAILY TOTAL 1800
402575
7/23/98:
COMM PAP MER LYNCH ROLLOVER 5.590% 5.603% 15 8/ 7/98 1319.86 19797.92 8500
MATURITIES ( 8500)
------
DAILY TOTAL 0
402575
7/24/98:
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.615% 17 8/10/98 785.56 13354.44 5050
COMM PAP 1 ST BOST NEW MONEY 5.600% 5.615% 17 8/10/98 2582.22 43897.77 16600
------
TOTAL BORROWINGS 21650
MATURITIES ( 5050)
------
DAILY TOTAL 16600
419175
<PAGE>
7/27/98:
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.656% 7 8/ 3/98 4982.99 34880.91 31750
MATURITIES ( 35100)
------
DAILY TOTAL ( 3350)
415825
7/28/98:
COMM PAP MER LYNCH ROLLOVER 5.610% 5.622% 14 8/11/98 14508.08 203113.18 93100
COMM PAP 1 ST BOST ROLLOVER 5.610% 5.622% 14 8/11/98 15271.67 213803.32 98000
------
TOTAL BORROWINGS 191100
MATURITIES (196000)
------
DAILY TOTAL ( 4900)
410925
7/29/98:
COMM PAP MER LYNCH ROLLOVER 5.660% 5.672% 14 8/12/98 4956.43 69390.03 31525
MATURITIES ( 35300)
------
DAILY TOTAL ( 3775)
407150
7/30/98:
COMM PAP 1 ST BOST ROLLOVER 5.650% 5.662% 14 8/13/98 2511.11 35155.56 16000
MATURITIES ( 16000)
------
DAILY TOTAL 0
407150
7/31/98:
COMM PAP MER LYNCH ROLLOVER 5.660% 5.672% 13 8/13/98 2971.50 38629.50 18900
COMM PAP MER LYNCH NEW MONEY 5.700% 5.704% 4 8/ 4/98 1021.25 4085.00 6450
COMM PAP 1 ST BOST ROLLOVER 5.670% 5.676% 7 8/ 7/98 3150.00 22050.00 20000
COMM PAP 1 ST BOST NEW MONEY 5.700% 5.704% 4 8/ 4/98 1021.25 4085.00 6450
------
TOTAL BORROWINGS 51800
MATURITIES ( 38900)
------
DAILY TOTAL 12900
420050
8/ 3/98:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.610% 11 8/14/98 1520.56 16726.11 9775
COMM PAP MER LYNCH NEW MONEY 5.600% 5.610% 11 8/14/98 1944.44 21388.89 12500
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.610% 11 8/14/98 4938.89 54327.77 31750
------
TOTAL BORROWINGS 54025
MATURITIES ( 41525)
------
DAILY TOTAL 12500
432550
<PAGE>
8/ 4/98:
COMM PAP MER LYNCH ROLLOVER 5.590% 5.596% 7 8/11/98 1001.54 7010.79 6450
COMM PAP MER LYNCH NEW MONEY 5.590% 5.596% 7 8/11/98 624.99 4374.95 4025
COMM PAP 1 ST BOST ROLLOVER 5.590% 5.597% 8 8/12/98 4406.01 35248.05 28375
------
TOTAL BORROWINGS 38850
MATURITIES ( 34825)
------
DAILY TOTAL 4025
436575
8/ 5/98:
COMM PAP MER LYNCH ROLLOVER 5.550% 5.557% 8 8/13/98 2956.15 23649.17 19175
COMM PAP MER LYNCH NEW MONEY 5.550% 5.557% 8 8/13/98 416.25 3330.00 2700
------
TOTAL BORROWINGS 21875
MATURITIES ( 19175)
------
DAILY TOTAL 2700
439275
8/ 6/98:
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.586% 7 8/13/98 2452.87 17170.13 15825
MATURITIES ( 16850)
------
DAILY TOTAL ( 1025)
438250
8/ 7/98:
COMM PAP MER LYNCH ROLLOVER 5.560% 5.566% 7 8/14/98 1312.78 9189.44 8500
COMM PAP 1 ST BOST ROLLOVER 5.560% 5.566% 7 8/14/98 3088.89 21622.22 20000
------
TOTAL BORROWINGS 28500
MATURITIES ( 28500)
------
DAILY TOTAL 0
438250
8/10/98:
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.576% 7 8/17/98 3349.74 23448.15 21650
COMM PAP 1 ST BOST NEW MONEY 5.570% 5.576% 7 8/17/98 1044.38 7310.63 6750
------
TOTAL BORROWINGS 28400
MATURITIES ( 21650)
------
DAILY TOTAL 6750
445000
8/11/98:
COMM PAP MER LYNCH ROLLOVER 5.580% 5.585% 6 8/17/98 9300.00 55800.00 60000
COMM PAP MER LYNCH NEW MONEY 5.600% 5.606% 7 8/18/98 614.44 4301.11 3950
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.576% 7 8/18/98 15162.78 106139.45 98000
COMM PAP MER LYNCH ROLLOVER 5.600% 5.605% 6 8/17/98 6778.33 40670.00 43575
------
TOTAL BORROWINGS 205525
MATURITIES (201575)
------
DAILY TOTAL 3950
448950
<PAGE>
8/12/98:
COMM PAP MER LYNCH ROLLOVER 5.570% 5.576% 7 8/19/98 4877.62 34143.33 31525
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.586% 7 8/19/98 4398.13 30786.88 28375
COMM PAP 1 ST BOST NEW MONEY 5.580% 5.585% 6 8/18/98 1119.88 6719.25 7225
------
TOTAL BORROWINGS 67125
MATURITIES ( 59900)
------
DAILY TOTAL 7225
456175
8/13/98:
MATURITIES ( 72600)
383575
8/14/98:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.605% 6 8/20/98 3220.00 19320.00 20700
COMM PAP 1 ST BOST ROLLOVER 5.580% 5.585% 6 8/20/98 6161.25 36967.50 39750
------
TOTAL BORROWINGS 60450
MATURITIES ( 82525)
------
DAILY TOTAL ( 22075)
361500
8/17/98:
COMM PAP MER LYNCH ROLLOVER 5.700% 5.704% 4 8/21/98 16399.37 65597.50 103575
COMM PAP MER LYNCH NEW MONEY 5.880% 5.881% 1 8/18/98 996.33 996.33 6100
COMM PAP 1 ST BOST ROLLOVER 5.700% 5.704% 4 8/21/98 4496.67 17986.67 28400
------
TOTAL BORROWINGS 138075
MATURITIES (131975)
------
DAILY TOTAL 6100
367600
8/18/98:
COMM PAP MER LYNCH ROLLOVER 5.580% 5.581% 1 8/19/98 1321.38 1321.38 8525
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.601% 1 8/19/98 16368.33 16368.33 105225
------
TOTAL BORROWINGS 113750
MATURITIES (115275)
------
DAILY TOTAL ( 1525)
366075
8/19/98:
COMM PAP MER LYNCH ROLLOVER 5.550% 5.554% 5 8/24/98 6174.38 30871.88 40050
COMM PAP 1 ST BOST ROLLOVER 5.560% 5.564% 5 8/24/98 20633.78 103168.90 133600
COMM PAP MER LYNCH NEW MONEY 5.550% 5.554% 5 8/24/98 1379.79 6898.96 8950
------
TOTAL BORROWINGS 182600
MATURITIES (173650)
------
DAILY TOTAL 8950
375025
<PAGE>
8/20/98:
COMM PAP MER LYNCH ROLLOVER 5.550% 5.554% 5 8/25/98 3191.25 15956.25 20700
COMM PAP 1 ST BOST ROLLOVER 5.550% 5.555% 6 8/26/98 5488.33 32930.00 35600
------
TOTAL BORROWINGS 56300
MATURITIES ( 60450)
------
DAILY TOTAL ( 4150)
370875
8/21/98:
COMM PAP MER LYNCH ROLLOVER 5.550% 5.555% 6 8/27/98 7951.15 47706.88 51575
COMM PAP MER LYNCH NEW MONEY 5.500% 5.503% 3 8/24/98 1611.81 4835.42 10550
COMM PAP MER LYNCH ROLLOVER 5.550% 5.556% 7 8/28/98 8016.67 56116.67 52000
COMM PAP 1 ST BOST ROLLOVER 5.520% 5.523% 4 8/25/98 4354.67 17418.67 28400
------
TOTAL BORROWINGS 142525
MATURITIES (131975)
------
DAILY TOTAL 10550
381425
8/24/98:
COMM PAP MER LYNCH ROLLOVER 5.560% 5.562% 2 8/26/98 9027.28 18054.56 58450
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.573% 3 8/27/98 10335.44 31006.34 66800
COMM PAP 1 ST BOST ROLLOVER 5.570% 5.573% 4 8/28/98 10335.44 41341.78 66800
------
TOTAL BORROWINGS 192050
MATURITIES (193150)
------
DAILY TOTAL ( 1100)
380325
8/25/98:
COMM PAP MER LYNCH ROLLOVER 5.570% 5.573% 3 8/28/98 3202.75 9608.25 20700
COMM PAP 1 ST BOST ROLLOVER 5.620% 5.622% 2 8/27/98 4433.56 8867.11 28400
COMM PAP 1 ST BOST NEW MONEY 5.620% 5.622% 2 8/27/98 152.21 304.42 975
------
TOTAL BORROWINGS 50075
MATURITIES ( 49100)
------
DAILY TOTAL 975
381300
8/26/98:
COMM PAP MER LYNCH ROLLOVER 5.620% 5.625% 6 9/ 1/98 9124.69 54748.16 58450
COMM PAP 1 ST BOST ROLLOVER 5.630% 5.635% 6 9/ 1/98 5567.44 33404.67 35600
COMM PAP 1 ST BOST NEW MONEY 5.630% 5.635% 6 9/ 1/98 2001.78 12010.67 12800
------
TOTAL BORROWINGS 106850
MATURITIES ( 94050)
------
DAILY TOTAL 12800
394100
<PAGE>
8/27/98:
COMM PAP MER LYNCH ROLLOVER 5.610% 5.614% 5 9/ 1/98 6934.58 34672.92 44500
COMM PAP 1 ST BOST ROLLOVER 5.610% 5.614% 5 9/ 1/98 14987.27 74936.36 96175
------
TOTAL BORROWINGS 140675
MATURITIES (147750)
------
DAILY TOTAL ( 7075)
387025
8/28/98:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.603% 4 9/ 1/98 11308.89 45235.56 72700
COMM PAP 1 ST BOST ROLLOVER 5.600% 5.603% 4 9/ 1/98 10002.22 40008.89 64300
------
TOTAL BORROWINGS 137000
MATURITIES (139500)
------
DAILY TOTAL ( 2500)
384525
8/31/98:
COMM PAP MER LYNCH NEW MONEY 5.900% 5.901% 1 9/ 1/98 643.26 643.26 3925
388450
9/ 1/98:
MATURITIES (388450)
0
9/ 8/98:
COMM PAP MER LYNCH NEW MONEY 5.670% 5.671% 1 9/ 9/98 220.50 220.50 1400
1400
9/ 9/98:
COMM PAP MER LYNCH ROLLOVER 5.800% 5.801% 1 9/10/98 225.56 225.56 1400
COMM PAP MER LYNCH NEW MONEY 5.800% 5.801% 1 9/10/98 145.00 145.00 900
------
TOTAL BORROWINGS 2300
MATURITIES ( 1400)
------
DAILY TOTAL 900
2300
9/10/98:
COMM PAP MER LYNCH ROLLOVER 5.650% 5.651% 1 9/11/98 360.97 360.97 2300
COMM PAP MER LYNCH NEW MONEY 5.650% 5.651% 1 9/11/98 223.65 223.65 1425
------
TOTAL BORROWINGS 3725
MATURITIES ( 2300)
------
DAILY TOTAL 1425
3725
9/11/98:
COMM PAP MER LYNCH ROLLOVER 5.530% 5.533% 3 9/14/98 572.20 1716.60 3725
COMM PAP MER LYNCH NEW MONEY 5.530% 5.533% 3 9/14/98 230.42 691.25 1500
------
TOTAL BORROWINGS 5225
MATURITIES ( 3725)
------
DAILY TOTAL 1500
5225
<PAGE>
9/14/98:
COMM PAP MER LYNCH ROLLOVER 5.720% 5.721% 1 9/15/98 830.19 830.19 5225
COMM PAP MER LYNCH NEW MONEY 5.720% 5.721% 1 9/15/98 198.61 198.61 1250
------
TOTAL BORROWINGS 6475
MATURITIES ( 5225)
------
DAILY TOTAL 1250
6475
9/15/98:
COMM PAP MER LYNCH ROLLOVER 5.950% 5.951% 1 9/16/98 1070.17 1070.17 6475
COMM PAP MER LYNCH NEW MONEY 5.950% 5.951% 1 9/16/98 2338.68 2338.68 14150
------
TOTAL BORROWINGS 20625
MATURITIES ( 6475)
------
DAILY TOTAL 14150
20625
9/16/98:
COMM PAP MER LYNCH ROLLOVER 5.590% 5.591% 1 9/17/98 3202.60 3202.60 20625
COMM PAP MER LYNCH NEW MONEY 5.590% 5.591% 1 9/17/98 683.22 683.22 4400
------
TOTAL BORROWINGS 25025
MATURITIES ( 20625)
------
DAILY TOTAL 4400
25025
9/17/98:
MATURITIES ( 25025)
0
9/22/98:
COMM PAP 1 ST BOST NEW MONEY 5.500% 5.501% 1 9/23/98 152.78 152.78 1000
1000
9/23/98:
MATURITIES ( 1000)
0
TEMPORARY BORROWING STATISTICS
------------------------------
7/ 1/98 TO 9/30/98
--------------------
BORROWINGS AT 9/30/98 $ 192
</TABLE>
|
|