<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 December 31, 1999, 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
Vice President and
Treasurer
Date: February 14, 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.
<PAGE> EXHIBIT INDEX
Exhibit No. Description Page
- ----------- ----------- ----
A-1 Borrowing Log Filed
herewith
<PAGE>
<TABLE>
<CAPTION>
NEW ENGLAND ELECTRIC SYSTEM (TRUST)
BORROWING LOG
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>
BEGINNING TOTAL @ 10/
1/99
0
12/15/99:
COMM PAP MER LYNCH NEW MONEY 5.550% 5.551% 1
12/16/99 1572.50 1572.50 10200
10200
12/16/99:
COMM PAP MER LYNCH ROLLOVER 5.580% 5.581% 1
12/17/99 1379.50 1379.50 8900
MATURITIES
( 10200)
------
DAILY
TOTAL
( 1300)
8900
12/17/99:
COMM PAP MER LYNCH ROLLOVER 5.500% 5.503% 3
12/20/99 1359.72 4079.17 8900
MATURITIES
( 8900)
------
DAILY
TOTAL
0
8900
12/20/99:
COMM PAP MER LYNCH ROLLOVER 5.650% 5.651% 1
12/21/99 1396.81 1396.81 8900
MATURITIES
( 8900)
------
DAILY
TOTAL
0
8900
12/21/99:
COMM PAP MER LYNCH ROLLOVER 5.700% 5.701% 1
12/22/99 1409.17 1409.17 8900
MATURITIES
( 8900)
------
DAILY
TOTAL
0
8900
<PAGE>12/22/99:
COMM PAP MER LYNCH ROLLOVER 5.700% 5.701% 1
12/23/99 1409.17 1409.17 8900
COMM PAP MER LYNCH NEW MONEY 5.700% 5.701% 1
12/23/99 15.83 15.83 100
------
TOTAL
BORROWINGS
9000
MATURITIES
( 8900)
------
DAILY
TOTAL
100
9000
12/23/99:
COMM PAP MER LYNCH ROLLOVER 5.600% 5.603% 4
12/27/99 1400.00 5600.00 9000
COMM PAP 1 ST BOST NEW MONEY 5.530% 5.534% 5
12/28/99 1136.72 5683.61 7400
------
TOTAL
BORROWINGS
16400
MATURITIES
( 9000)
------
DAILY
TOTAL
7400
16400
12/27/99:
COMM PAP MER LYNCH ROLLOVER 5.550% 5.552% 2
12/29/99 1387.50 2775.00 9000
MATURITIES
( 9000)
------
DAILY
TOTAL
0
16400
12/28/99:
COMM PAP MER LYNCH NEW MONEY 5.650% 5.653% 3
12/31/99 706.25 2118.75 4500
COMM PAP 1 ST BOST ROLLOVER 5.450% 5.452% 2
12/30/99 1120.28 2240.56 7400
------
TOTAL
BORROWINGS
11900
MATURITIES
( 7400)
------
DAILY
TOTAL
4500
20900
12/29/99:
COMM PAP MER LYNCH ROLLOVER 5.000% 5.001% 2
12/31/99 694.44 1388.89 5000
MATURITIES
( 9000)
------
DAILY
TOTAL
( 4000)
16900
12/30/99:
COMM PAP 1 ST BOST ROLLOVER 4.500% 4.503% 5
01/04/2000 925.00 4625.00 7400
MATURITIES
( 7400)
------
DAILY
TOTAL
0
16900
<PAGE>12/31/99:
COMM PAP MER LYNCH ROLLOVER 5.500% 5.504% 5
01/05/2000 1451.39 7256.94 9500
COMM PAP 1 ST BOST NEW MONEY 5.400% 5.403% 4
01/04/2000 765.00 3060.00 5100
------
TOTAL
BORROWINGS
14600
MATURITIES
( 9500)
------
DAILY
TOTAL
5100
22000
</TABLE>
