UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM U-9C-3
QUARTERLY REPORT PURSUANT TO RULE 58
For the quarterly period ended June 30, 1998
Northeast Utilities
------------------------------------
(Name of registered holding company)
Selden Street, Berlin, CT. 06037
----------------------------------------
(Address of principal executive offices)
Name and telephone number of officer to whom inquiries
concerning this report should be directed:
John J. Roman, Vice President and Controller
Telephone number: 860-665-5000
GENERAL INSTRUCTIONS
A. Use of Form
1. A reporting company, as defined herein, shall file a
report on this form within 60 days after the end of each
of the first three quarters, and within 90 days after the
end of the fourth quarter, of the fiscal year of the
registered holding company. The period beginning on
the date of effectiveness of rule 58 and ending at the
end of the quarter following the quarter in which the
rule becomes effective shall constitute the initial period
for which any report shall be filed, if applicable.
2. The requirement to provide specific information by
means of this form supersedes any requirement by
order of the Commission to provide identical
information by means of periodic certificates under
rule 24; but does not so supersede and replace any
requirement by order to provide information by means
of an annual report on Form U-13-60.
3. Information with respect to reporting companies
that is required by Form U-13-60 shall be provided
exclusively on that form.
4. Notwithstanding the specific requirements of this
form, this Commission may informally request such
further information as, in its opinion, may be necessary
or appropriate.
B. Statements of Monetary Amounts and Deficits
1. Amounts included in this form and in related
financial statements may be expressed in whole
dollars, thousands of dollars or hundred thousands of
dollars.
2. Deficits and other similar entries shall be indicated
by either brackets or parentheses. An explanation
should be provided by footnote.
C. Formal Requirements
This form, including exhibits, shall be filed with
Commission electronically pursuant to Regulation
S-T(17 CFR 232.10 et seq.). A conformed copy of
each such report shall be filed with each state
commission having jurisdiction over the retail rates of
a public utility company that is an associate company of
a reporting company. Each report shall provide the name
and telephone number of the person to whom inquiries
concerning the report should be directed.
D. Definitions
As used in this form, the word "reporting company"
means an energy-related company or gas-related
company, as defined in rule 58(b). All other words and
terms have the same meaning as in the Public Utility
Holding Company Act of 1935, as amended, and the rules
and regulations thereunder.
ITEM 1 - ORGANIZATION CHART
- ---------------------------------------------------------------------------
Instructions
- ------------
1. Complete Item 1 only for the first three calendar quarters of the
fiscal year of the registered holding company.
2. Under the caption "Name of Reporting Company," list each
energy-related and gas-related company and each system company that
directly or indirectly holds securities thereof. Add the designation
"(new)" for each reporting company of which securities were acquired
during the period, and the designation"(*)" for each inactive company.
3. Under the caption "Percentage of Voting Securities Held," state the
aggregate percentage of the outstanding voting securities of the
reporting company held directly or indirectly by the registered holding
company at the end of the quarter.
4. Provide a narrative description of each reporting company's
activities during the reporting period.
- ---------------------------------------------------------------------------
Name of Reporting Company - Select Energy, Inc.
100% owned by Northeast Utilities
Energy or gas-related company - Energy-related company
Date of organization - September 26, 1996
State of Organization - Connecticut
Percentage of Voting Securities Held - 100% by Northeast Utilities
Nature of Business - Invest in energy-related activities
Activities during the reporting period -
Marketing of energy in the New Hampshire retail competition pilot program.
Marketing activities related to request for proposals for energy service.
Marketing of energy and related products and services.
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
- ------------------------------------------------------------------------
Instruction
- -----------
With respect to a transaction with an associate company, report
only the type and principal amount of securities involved.
- ------------------------------------------------------------------------
Company Issuing Security - None
Type of Security Issued - None
Principal Amount of Security - None
Issue or Renewal - None
Cost of Capital - None
Person to Whom Security was Issued - None
Collateral Given With Security - None
Consideration Received for Each Security - None
Company Contributing Capital - Northeast Utilities
Company Receiving Capital - Select Energy, Inc.
Amount of Capital Contribution - $8,050,000
ITEM 3 - ASSOCIATE TRANSACTIONS
- ------------------------------------------------------------------------------
Instructions
- ------------
1. This item is used to report the performance during the quarter
of contracts among reporting companies and their associate
companies, including other reporting companies, for service,
sales and construction. A copy of any such contract not filed
previously should be provided as an exhibit pursuant to Item 6.B.
2. Parts I and II concern transactions performed by reporting
companies on behalf of associate companies, and transactions
performed by associate companies on behalf of reporting
companies, respectively.
- ------------------------------------------------------------------------------
Part I - Transactions performed by reporting companies on behalf
of associate companies.
Reporting Associate
Company Company Types of
Rendering Receiving Services Total Amount
Services Services Rendered Billed
- ----------------------- ------------ -------------- -------------
(Thousands
of Dollars)
NONE
Part II - Transactions performed by associate companies on behalf
of reporting companies.
Total Amount
Billed*
Associate Reporting
Company Company Types of Three months
Rendering Receiving Services ended
Services Services Rendered June 30, 1998
- ----------------------- ------------ -------------- -------------
(Thousands
of Dollars)
Northeast Utilities Select Marketing services and
Service Company Energy, Inc. new product development 3,908
Customer billing
system development 731
Legal services 104
Miscellaneous 104
-------------
Total $4,847
=============
Public Service Company Select Customer billing
of New Hampshire Energy, Inc. system development $24
Marketing services 5
Power sales agreement 319
-------------
Total $348
=============
* 'Total Amount Billed' is direct costs only.
ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
Investments in energy-related companies:
- ---------------------------------------
(Thousand of Dollars)
Total consolidated capitalization as of 6/30/98 $5,865,354 line 1
Total capitalization multiplied by 15%
(line 1 multiplied by .15) 879,803 line 2
Greater of $50 million or line 2 879,803 line 3
Total current aggregate investment:
(categorized by major line of
energy-related business):
Select Energy, Inc. 350
-----------
Total current aggregate investment 350 line 4
---------
Difference between the greater of $50 million or 15% of
capitalization and the total aggregate investment of the
registered holding company system $879,453 line 5
=========
Investments in gas-related companies:
- ------------------------------------
NONE
Total current aggregate investment:
(categorized by major line of
gas-related business):
-
-----------
Total current aggregate investment $0
=========
ITEM 5 - OTHER INVESTMENTS
- ----------------------------------------------------------------
Instruction
- -----------
This item concerns investments in energy-related and gas-related
companies that are excluded from the calculation of aggregate
investment under rule 58.
- ----------------------------------------------------------------
Major Line Other Other
of Energy- Investment Investment
Related in Last in This Reason for Difference
Business U-9C-3 Report U-9C-3 Report in Other Investment
- ------------- ------------- ------------- ----------------------
NONE
ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS
- ------------------------------------------------------------------------
Instructions
- ------------
A. Financial Statements
1. Financial statements are required for reporting companies in which
the registered holding company system has at least 50% equity or other
ownership interest. For all other rule 58 companies, the registered
holding company shall make available to the Commission such financial
statements as are available to it.
2. For each reporting company, provide a balance sheet as of the end of
the quarter and income statements for the three-month and year-to-date
periods ending as of the end of the quarter, together with any notes
thereto. Financial statements shall be for the first three quarters of
the fiscal year of the registered holding company.
3. If a reporting company and each of its subsidiaries engage
exclusively in a single category of energy-related or gas-related
activity, consolidated financial statements may be filed.
4. Separate financial statements need not be filed for inactive
companies or for companies engaged solely in the ownership of interests
in energy-related or gas-related companies.
B. Exhibits
1. Copies of contracts required to be provided by Item 3 shall be filed
as exhibits.
2. A certificate stating that a copy of the report for the previous
quarter has been filed with interested state commissions shall be filed
as an exhibit. The certificate shall provide the names and addresses of
the state commissions.
- ------------------------------------------------------------------------
A. Financial Statements
Select Energy, Inc.:
Balance Sheet - As of June 30, 1998
Income Statement-Three months and six months ended June 30, 1998
Northeast Utilities (PARENT):
Balance Sheet - As of June 30, 1998
Income Statement-Three months and six months ended June 30, 1998
B. Exhibits
Exhibit No. Description
- ----------- -----------
6.B.1.1 * Northeast Utilities Service Company (NUSCO) Service Contract
dated as of October 7, 1996 between NUSCO and NUSCO Energy
Partners, Inc.
6.B.1.2 ** Bulk Power Supply Service Agreement dated as of May 27, 1996
between Public Service Company of New Hampshire (PSNH) and
PSNH Energy.
6.B.1.3 *** Retail Competition Pilot Program Service Agreement dated as
of June 12, 1996 between PSNH and PSNH Energy.
The copies of the above contracts were filed along with Form U-9C-3
for the quarter ended June 30, 1997.
6.B.1.4 Amendment to Bulk Power Supply Service Agreement dated as
of May 29, 1998 between Public Service Company of New
Hampshire and Select Energy, Inc.
6.B.1.5 Northeast Utilities Service Company, acting as agent for the
Connecticut Light and Power Company, Western Massachusetts
Electric Company, Holyoke Water Power Company, Holyoke Power
and Electric Company and Public Service Company of New Hampshire,
and Select Energy, service under Tariff No. 6, effective
June 1, 1998.
6.B.1.6 Northeast Utilities Service Company, acting as agent for the
Connecticut Light and Power Company, Western Massachusetts
Electric Company, Holyoke Water Power Company, Holyoke Power
and Electric Company and Public Service Company of New Hampshire,
and Select Energy, service under Tariff No. 7, effective
June 1, 1998.
- -------------------
* NUSCO Energy Partners, Inc. changed its name to Select Energy, Inc.
** Select Energy, Inc. subsequently acquired PSNH Energy's interest in
these contracts.
*** PSNH Energy was a trade name of NUSCO Energy Partners, Inc. and
is a trade name of Select Energy, Inc.
6.B.2.1 The company certifies that a conformed copy of Form U-9C-3
for the previous quarter was filed with the following state
commissions:
Mr. Robert J. Murphy
Executive Secretary
Department of Public Utility Control
10 Franklin Square
New Britain, CT 06051
Ms. Mary L. Cottrell, Secretary
Massachusetts Department of Telecommunications and Energy
100 Cambridge Street
Boston, MA 02202
Mr. Thomas B. Getz
Executive Director and Secretary
State of New Hampshire
Public Utilities Commission
8 Old Suncook Road, Building One
Concord, NH 03301-7319
SELECT ENERGY, INC.
BALANCE SHEET
(Unaudited)
June 30,
1998
-------------
(Thousands
of Dollars)
ASSETS
- ------
Fixed Assets:
Work in progress $ 386
Current Assets:
Special Deposits $ 138
Receivables, net 154
Taxes receivable 4,505
-------------
4,797
-------------
Deferred Charges:
Accumulated deferred income taxes 42
Other 16
-------------
58
-------------
Total Assets $ 5,241
==============
CAPITALIZATION AND LIABILITIES
- ------------------------------
Capitalization:
Common shares, $1 par value. Authorized
and outstanding 100 shares $ -
Capital surplus, paid in 8,051
Retained earnings (7,701)
--------------
Total capitalization 350
--------------
Current Liabilities:
Accounts payable 3,614
Accounts payable to associated companies 1273
Other 4
--------------
4,891
--------------
Total Capitalization and Liabilities $ 5,241
==============
Note: In the opinion of the Company, all adjustments necessary
for a fair presentation of financial position for the
periods shown have been made.
See accompanying notes to financial statements.
SELECT ENERGY, INC.
INCOME STATEMENT
(Unaudited)
Three Months Six Months
Ended Ended
June 30, June 30,
1998 1998
-------------- --------------
(Thousands of Dollars)
Operating Revenues $ 424 $ 865
-------------- --------------
Operating Expenses:
Operation
Purchased power - energy 269 531
Other 3,910 7,613
Maintenance 5 11
Federal and state income taxes (1,512) (2,958)
Taxes other than income taxes 160 386
-------------- --------------
Total operating expenses 2,832 5,583
-------------- --------------
Operating Income (Loss) (2,408) (4,718)
Other Deductions (53) (98)
-------------- --------------
Net Income (Loss) $ (2,461) $ (4,816)
============== ==============
Note: In the opinion of the Company, all adjustments necessary
for a fair presentation of financial position for the
periods shown have been made.
See accompanying notes to financial statements.
NORTHEAST UTILITIES (PARENT)
BALANCE SHEET
(Unaudited)
June 30,
1998
--------------
(Thousands
of Dollars)
ASSETS
- ------
Other Property and Investments:
Investments in subsidiary companies, at equity........ $ 2,284,657
Investments in transmission companies, at equity...... 20,210
Other, at cost........................................ 411
--------------
2,305,278
--------------
Current Assets:
Cash.................................................. 10
Notes receivable from affiliated companies............ 32,550
Taxes receivable...................................... 16,588
Accounts receivable from affiliated companies......... 1,512
Prepayments........................................... 240
--------------
50,900
--------------
Deferred Charges:
Accumulated deferred income taxes..................... 3,118
Unamortized debt expense.............................. 163
--------------
3,281
--------------
Total Assets...................................... $ 2,359,459
==============
Note: In the opinion of the Company, all adjustments necessary for a
fair presentation of financial position for the period shown
have been made.
See accompanying notes to financial statements.
NORTHEAST UTILITIES (PARENT)
BALANCE SHEET
(Unaudited)
June 30,
1998
--------------
(Thousands
of Dollars)
CAPITALIZATION AND LIABILITIES
- ------------------------------
Capitalization:
Common shares, $5.00 par value--Authorized
225,000,000 shares; 136,900,684 shares issued and
130,540,854 shares outstanding...................... $ 684,503
Capital surplus, paid in............................. 934,316
Deferred benefit plan--employee stock
ownership plan...................................... (147,205)
Retained earnings.................................... 695,846
--------------
Total common shareholders' equity.................. 2,167,460
Long-term debt....................................... 171,000
--------------
Total capitalization.......................... 2,338,460
--------------
Current Liabilities:
Accounts payable..................................... 745
Accounts payable to affiliated companies............. 533
Long term debt--current portion...................... 17,000
Accrued interest..................................... 2,175
--------------
20,453
--------------
Other Deferred Credits................................. 546
--------------
Total Capitalization and Liabilities............. $ 2,359,459
==============
Note: In the opinion of the Company, all adjustments necessary for a
fair presentation of financial position for the period shown
have been made.
See accompanying notes to financial statements.
NORTHEAST UTILITIES (PARENT)
STATEMENT OF INCOME
(Unaudited)
Three Months Six Months
Ended Ended
June 30, June 30,
1998 1998
-------------- --------------
(Thousands (Thousands
of Dollars) of Dollars)
Operating Revenues........................... $ 0 $ 0
-------------- --------------
Operating Expenses:
Operation expense............................ 1,422 1,920
Federal and state income taxes............... 1,048 5,137
Taxes other than income taxes................ 22 55
-------------- --------------
Total operating expenses................ 2,492 7,112
-------------- --------------
Operating (Loss) Income........................ (2,492) (7,112)
-------------- --------------
Other Income (Loss):
Equity in earnings of subsidiaries........... 6,932 (20,569)
Equity in earnings of transmission
companies................................ 621 1,452
Other, net................................... 5,373 22,895
-------------- --------------
Other loss, net......................... 12,926 3,778
-------------- --------------
Loss before interest charges............ 10,434 (3,334)
-------------- --------------
Interest Charges:
Interest on long-term debt................... 4,047 8,178
Other interest............................... 114 164
-------------- --------------
Interest charges....................... 4,161 8,342
-------------- --------------
Net Loss for Common Shares................... $ 6,273 $ (11,676)
============== ==============
Loss per Common Share........................ $ 0.05 $ (0.09)
============== ==============
Common Shares Outstanding (average) 130,459,076 130,379,294
============== ==============
Note: In the opinion of the Company, all adjustments necessary for a
fair presentation of the results of operations for the period
shown have been made.
See accompanying notes to financial statements.
NORTHEAST UTILITIES
SELECT ENERGY, INC.
NOTES TO FINANCIAL STATEMENTS
1. About Northeast Utilities
Northeast Utilities (NU) is the parent company of the Northeast Utilities
system (the NU system). The NU system furnishes franchised retail
electric service in Connecticut, New Hampshire and western Massachusetts
through four wholly owned subsidiaries: The Connecticut Light and Power
Company (CL&P), Public Service Company of New Hampshire (PSNH), Western
Massachusetts Electric Company (WMECO) and Holyoke Water Power Company.
A fifth wholly owned subsidiary, North Atlantic Energy Corporation (NAEC),
sells all of its entitlement to the capacity and output of the Seabrook
nuclear power plant to PSNH. In addition to its franchised retail
service, the NU system furnishes firm and other wholesale electric
services to various municipalities and other utilities, and participates
in limited retail access programs, providing off-system retail electric
service. The NU system serves about 30 percent of New England's electric
needs and is one of the 25 largest electric utility systems in the country
as measured by revenues.
Several wholly owned subsidiaries of NU provide support services for the
NU system companies and, in some cases, for other New England utilities.
Northeast Utilities Service Company provides centralized accounting,
administrative, information resources, engineering, financial, legal,
operational, planning, purchasing and other services to the NU system
companies. Northeast Nuclear Energy Company acts as agent for the NU
system companies and other New England utilities in operating the
Millstone nuclear generating facilities. North Atlantic Energy Service
Corporation has operational responsibility for the Seabrook nuclear
generating facility. Three other subsidiaries construct, acquire or
lease some of the property and facilities used by the NU system companies.
In addition, CL&P and WMECO each have established a special purpose
subsidiary whose business consists of the purchase and resale of
receivables.
Charter Oak Energy, Inc. (COE), HEC Inc. (HEC), Mode 1 Communications,
Inc, (Mode 1), and Select Energy, Inc. (Select Energy), are other NU
system companies which engage in a variety of activities.
Directly and through subsidiaries, COE has an investment in a foreign
utility company as permitted under the Energy Policy Act of 1992. This
investment is accounted for on an equity basis based upon COE's level of
participation. NU has put COE up for sale.
HEC provides energy management services for the NU system's and other
utilities' commercial, industrial and institutional electric customers.
Mode 1 and Select Energy develop and invest in telecommunications and in
energy-related activities, respectively.
2. About Select Energy, Inc.
NU organized NUSCO Energy Partners, Inc. (NEP), in 1996. NEP acquired
PSNH's interest in the New Hampshire retail electric competition pilot
program in late 1996. During 1997, NEP changed its name to Select Energy.
Select Energy is a vehicle for participation in other retail pilot
competition programs and open-access retail electric markets in the
Northeast and other areas of the country as appropriate. In addition,
Select Energy develops and markets energy-related products and services in
order to enhance its core electric service and customer relationships.
Select Energy has taken steps to establish strategic alliances with other
companies in various energy-related fields including fuel supply and
management, power quality, energy efficiency and load management services.
3. Public Utility Regulation
NU is registered with the Securities and Exchange Commission (SEC) as a
holding company under the Public Utility Holding Company Act of 1935 (1935
Act). NU and its subsidiaries are subject to the provisions of the 1935
Act. Arrangements among the NU system companies, outside agencies and
other utilities covering interconnections, interchange of electric power
and sales of utility property are subject to regulation by the Federal
Energy Regulatory Commission (FERC) and/or the SEC. The operating
subsidiaries are subject to further regulation for rates, accounting and
other matters by the FERC and/or applicable state regulatory commissions.
QUARTERLY REPORT OF SELECT ENERGY, INC.
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935 and the rules and regulations of the Securities and
Exchange Commission issued thereunder, the undersigned company has
duly caused this report to be signed on its behalf by the undersigned
officer thereunto duly authorized.
NORTHEAST UTILITIES
-----------------------------
(Registered Holding Company)
By: /s/ John J. Roman
-----------------------------
(Signature of Signing Officer)
John J. Roman
-----------------------------
Vice President and Controller
-----------------------------
Date: August 26, 1998
-----------------------------
EXHIBIT 6.B.1.4
AMENDMENT TO BULK POWER SUPPLY SERVICE AGREEMENT BETWEEN PUBLIC SERVICE COMPANY
OF NEW HAMPSHIRE AND SELECT ENERGY, INC.
This Amendment is entered into as of the 29th day of May, 1998, by and
between Public Service Company of New Hampshire (hereinafter referred to as the
"Seller") and Select Energy, Inc. (formerly PSNH Energy and hereinafter referred
to as the "Buyer").
WHEREAS, in 1996 the New Hampshire Public Utilities Commission, as directed by
NH RSA 374:26a, established an experimental Retail Competition Pilot Program
("Pilot") that was originally scheduled to operate for a two-year period; and
WHEREAS, in accordance with NHPUC requirements, PSNH registered PSNH Energy, an
entity to be created as a separate affiliate (PSNH Energy, Inc.), as a
competitive supplier of electric power under the Pilot; and
WHEREAS, NUSCO Energy Partners, Inc., a Northeast Utilities subsidiary and
affiliate of PSNH, assumed the use of the trade name PSNH Energy; and
WHEREAS, NUSCO Energy Partners, Inc., subsequently changed its name to Select
Energy, Inc.; and
WHEREAS, on May 20, 1998, in Order No. 22,945, the NHPUC ordered the extension
of the term of the Pilot, until such time as the NHPUC orders otherwise; and
WHEREAS, Seller and Buyer entered into a Bulk Power Supply Service Agreement
("Agreement") dated May 27, 1996, that provides Buyer with a power supply to
service consumers participating in the Pilot, and said Agreement was accepted by
the Federal Energy Regulatory Commission on July 17, 1996 in Docket No. ER96-
1902-000 and assigned Rate Schedule FERC No. 182; and
WHEREAS, Seller and Buyer desire to extend the term of the Agreement for the
duration of the Pilot to accommodate the terms of the order of the NHPUC.
NOW, THEREFORE, in consideration of the mutual obligations and understandings
set forth herein, the Parties agree as follows:
1. TERM
The second sentence of Section 2 of the Agreement shall be revised as
follows:
This Agreement shall provide for services to be rendered by Seller to Buyer
beginning at 0001 hours on the later of May 28, 1996 or the day the Pilot
begins ("Commencement Date"), and ending at 2400 hours on the earlier of
the date the NHPUC orders the Pilot to be terminated or the date following
sixty days written notice by the Seller.
2. Name Change
The name Select Energy, Inc. shall be substituted for PSNH Energy, Inc.
throughout the Agreement.
IN WITNESS WHEREOF, the parties have hereunto caused their names to be
subscribed, each by its duly authorized officer, as of the day and year first
above written.
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
By: /s/ Frank P. Sabatino
Its Vice President, Wholesale Marketing
SELECT ENERGY, INC.
By: /s/ John T. Muro
Its Vice President, Retail Marketing
EXHIBIT 6.B.1.5
FORM OF SERVICE AGREEMENT
This Service Agreement dated as of August 3, 1998 is entered into by and
between the Northeast Utilities Service Company, acting as agent for the
Connecticut Light and Power Company, Western Massachusetts Electric Company,
Holyoke Water Power Company, Holyoke Power and Electric Company and Public
Service Company of New Hampshire, ("Seller"), and Select Energy ("Buyer").
The Service Agreement shall begin on the date it is permitted to become
effective by the Commission and shall terminate upon written notification by
one party to the other party in accordance with the provisions of Seller's
Tariff No. 6 ("Tariff").
Seller and the Buyer agree to provide and take and pay, as applicable, for
System Power Sales and System Power Exchanges in accordance with the
provisions of the Tariff and this Service Agreement.
Special Provisions (if any):
Unless otherwise provided in the Tariff, any notice made to or by any party
regarding this Service Agreement shall be made in writing and delivered either
by telecommunication, in person, or by prepaid mail (return receipt requested)
to the representatives of the other party as indicated below. Such
representatives and addresses for notices or requests may be changed from time
to time by notice by one party to the other.
SELLER: Vice President, Wholesale Marketing
Northeast Utilities Service Company
107 Selden Street
Berlin, CT 06037
BUYER: Select Energy
107 Selden Street
Berlin, CT 06037
The Tariff is incorporated herein and made a part hereof. This Service
Agreement may be amended, from time to time, as provided in Section P of
Schedule I of the Tariff.
IN WITNESS WHEREOF, the parties have caused this Service Agreement to be
executed by their respective authorized officials as of the date first above
written.
NORTHEAST UTILITIES SERVICE COMPANY
By: /s/ Frank P. Sabatino
Its Vice President, Wholesale Marketing
SELECT ENERGY, INC.
By: /s/ Thomas W. Philbin
Its Vice President
EXHIBIT 6.B.1.6
FORM OF SERVICE AGREEMENT
This Service Agreement dated as of August 3, 1998 is entered into by and
between the Northeast Utilities Service Company, acting as agent for the
Connecticut Light and Power Company, Western Massachusetts Electric
Company, Holyoke Water Power Company, Holyoke Power and Electric Company
and Public Service Company of New Hampshire, ("Seller"), and Select
Energy ("Buyer").
The Service Agreement shall begin on the date it is permitted to become
effective by the Commission and shall terminate upon written notification by
one party to the other party in accordance with the provisions of Seller's
Tariff No. 7 ("Tariff").
Seller and the Buyer agree to provide and take and pay, as applicable, for
System Power Sales and System Power Exchanges in accordance with the provisions
of the Tariff and this Service Agreement.
Special Provisions (if any):
Unless otherwise provided in the Tariff, any notice made to or by any party
regarding this Service Agreement shall be made in writing and delivered either
by telecommunication, in person, or by prepaid mail (return receipt requested)
to the representatives of the other party as indicated below. Such
representatives and addresses for notices or requests may be changed from time
to time by notice by one party to the other.
SELLER: Vice President, Wholesale Marketing
Northeast Utilities Service Company
107 Selden Street
Berlin, CT 06037
BUYER: Select Energy
107 Selden Street
Berlin, CT 06037
The Tariff is incorporated herein and made a part hereof. This Service
Agreement may be amended, from time to time, as provided in Section 10 of
Schedule I of the Tariff.
IN WITNESS WHEREOF, the parties have caused this Service Agreement to be
executed by their respective authorized officials as of the date first above
written.
NORTHEAST UTILITIES SERVICE COMPANY
By: /s/ Frank P. Sabatino
Its Vice President, Wholesale Marketing
SELECT ENERGY, INC.
By: /s/ Thomas W. Philbin
Its Vice President
