File No. 70-7202
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CERTIFICATE OF NOTIFICATION
Pursuant to Rule 24(a) under the Public
Utility Holding Company Act of 1935
Filed by
NEW ENGLAND ELECTRIC SYSTEM (NEES)
NEW ENGLAND POWER COMPANY (NEP)
NEW ENGLAND ELECTRIC TRANSMISSION CORPORATION (NEET)
It is hereby certified that the transactions covered by the statement on
Form U-1, as amended by Amendment Nos. 1, 2, and 3 thereto, and the Order of
the Securities and Exchange Commission dated August 7, 1986, 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:
NEES' equity interest in NEET may be reduced from time to time through
repurchase by NEET of its common stock in accordance with the terms of the
Equity Funding Agreement, dated as of December 1, 1985, between NEET and NEES.
In order to maintain the approximate ration of equity investment to total
capital that existed during the first year of commercial operation of the NEET
Project, on December 28, 1999, NEET purchased 18 shares of NEET stock from
NEES at a price of $27,347.17 per share for a sum of $492,249.06.
The required "Past Tense" Opinion is filed herewith as Exhibit F.
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SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, the undersigned companies have duly caused this Certificate of
Notification (Commission's File No. 70-7202) to be signed on their behalf by
the undersigned officers thereunto duly authorized.
NEW ENGLAND ELECTRIC SYSTEM
NEW ENGLAND POWER COMPANY
NEW ENGLAND ELECTRIC TRANSMISSION
CORPORATION
s/ John G. Cochrane
By
John G. Cochrane
Treasurer
Dated: January 7, 2000
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.
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE
- ----------- ----------- ----
F Opinion of Counsel Filed
herewith
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Exhibit F
25 Research Drive, Westborough, Massachusetts 01582
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January 7, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: New England Electric Transmission Corporation
File No. 70-7202
Ladies and Gentlemen:
The statement of Form U-1, as amended, relating to the
permanent financing of expenditures, incurred by New England
Electric Transmission Corporation (the Company) in connection
with the construction of certain transmission facilities
constituting part of a major transmission interconnection between
New England Utilities and Hydro-Quebec, was permitted to become
effective August 7, 1986.
On December 28, 1999, the Company purchased 18 shares of its
common stock from New England Electric System at a price of
$27,347.17 per share for a sum of $492,249.06.
I have reviewed the opinion of Robert D. Hartshorne, dated
July 19, 1986, filed as Exhibit F and my opinions dated October
27, 1986, April 24, 1987, July 28, 1989, October 26, 1989, April
27, 1990, January 28, 1991, July 30, 1991, May 7, 1992, October
29, 1992, October 29, 1993, July 22, 1994, June 16, 1995,
December 6, 1995, March 19, 1996, September 18, 1996, March 14,
1997, September 16, 1997, June 5, 1998, and March 22, 1999, filed
as Exhibit F to the Certificates of Notification of those dates,
and hereby confirm the statements made therein.
Based on the foregoing, it is my opinion that the above-
described transactions were carried out in accordance with the
statement.
Very truly yours,
s/ Kirk L. Ramsauer
Kirk L. Ramsauer
Deputy General Counsel
