<PAGE> File No. 70-9417
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 2
TO
FORM U-1
APPLICATION/DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NEW ENGLAND ELECTRIC SYSTEM
METROWEST REALTY LLC
(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 applicant)
John G. Cochrane Kirk L. Ramsauer
Treasurer Deputy General Counsel
25 Research Drive 25 Research Drive
Westborough, MA 01582 Westborough, MA 01582
(Names and addresses of agents for service)
<PAGE> Form U-1 Application/Declaration dated November 4, 1998 (Commission's
File No. 70-9417), as amended, was declared effective by Order of the
Commission dated January 27, 1999 (HCAR No. 26969). The
Application/Declaration is hereby further amended by adding Metrowest Realty
LLC as an applicant with its principal executive offices at 25 Research Drive,
Westborough, Massachusetts 01582, and by adding the following:
Item 1, Description of Proposed Transactions in Post Effective Amendment No. 1
is amended by adding the following:
Metrowest Realty LLC is a Delaware limited liability company formed under
the laws of the State of Delaware on December 18, 1998.
The initial capitalization of the Property Companies (including
Metrowest) will not exceed, in the aggregate, $50 million in any combination
of debt and/or equity.
Item 2. Fees, Commissions and Expenses is amended by adding the following:
There are no additional fees or commissions to be paid in connection with
the transactions proposed in Post Effective Amendment No. 1.
Item 3. Applicable Statutory Provisions is amended by adding the following:
The continuation of lease of the service building and the headquarters
complex to affiliates of the Property Company is subject to Section 12(f).
<PAGE>SIGNATURE
- ---------
Pursuant to the requirements of the Public Utility Holding Company Act of
1935, the undersigned company has duly caused this Post-Effective Amendment
No. 2 to Form U-1 Application/Declaration (Commission's File No. 70-9417) to
be signed on its behalf, as indicated by the undersigned officer thereunto
duly authorized.
NEW ENGLAND ELECTRIC SYSTEM
s/ John G. Cochrane
By
John G. Cochrane
Treasurer
METROWEST REALTY LLC
s/ John G. Cochrane
By
John G. Cochrane
Treasurer
Date: August 6, 1999
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.
