File No. 70-9343
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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POST-EFFECTIVE AMENDMENT NO. 2 TO
FORM U-1
(AMENDMENT NO. 4)
APPLICATION/DECLARATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
NORTHEAST UTILITIES
174 Brush Hill Avenue
West Springfield, Massachusetts 01090-0010
NORTHEAST UTILITIES SERVICE COMPANY
NU ENTERPRISES, INC.
107 Selden Street
Berlin, Connecticut 06037
(Name of companies filing this statement and address of principal executive
offices)
NORTHEAST UTILITIES
(Name of top registered holding company)
Cheryl W. Grise, Esq.
Senior Vice President, Secretary and General Counsel
Northeast Utilities Service Company
P.O. Box 270
Hartford, Connecticut 06141-0270
(Name of address of agent for service)
The Commission is requested to mail signed copies of all orders, notices and
communications to:
Jeffrey C. Miller, Esq.
Assistant General Counsel
David R. McHale Jane P. Seidl, Esq.
Vice President and Treasurer Senior Counsel
Northeast Utilities Northeast Utilities
Service Company Service Company
P.O. Box 270 P.O. Box 270
Hartford, Connecticut Hartford, Connecticut
06141-0270 06141-0270
The Application/Declaration in this proceeding, as previously amended,
is further amended as follows:
BACKGROUND
1. By Order dated November 12, 1998 (HCAR No. 35-26939), in this
File No. 70-9343, the Commission, among other things, authorized (i) the
formation and financing by Northeast Utilities ("NU") of a nonutility
subsidiary company (which is referred to therein as "Newco" but which is now
known as NU Enterprises, Inc. ("NUEI")) to engage, through multiple
subsidiaries, in a variety of energy related and other activities and (ii)
the acquisition by NUEI of the securities of GENCO (now known as Northeast
Generation Company), Northeast Generation Services, Inc. (now known as
Northeast Generation Service Company), HEC Inc., Mode 1 Communications, Inc.
and Select Energy, Inc. (collectively, the "Nonutility Subsidiaries"). The
Commission also authorized NU and NUEI to issue guarantees or provide other
forms of credit support or enhancements (collectively, "Guarantees") to or
for the benefit of NUEI, the Nonutility Subsidiaries and NU's other direct or
indirect Rule 58 subsidiaries to be formed by NU, in an aggregate amount not
to exceed $75 million. The Applicants have found the use of the Guarantees is
an effective tool in promoting valuable commercial relationships and is a
common means of transacting business in support of the Nonutility
Subsidiaries. As a result of growing success in the business activities of
the Nonutility Subsidiaries, the Applicants have nearly reached the $75
million limit previously approved by the Commission. The Applicants now
propose to increase the aggregate amount of Guarantees which may be provided
by NU or NUEI to the Nonutility Subsidiaries and other to be formed Rule 58
subsidiaries to $250 million.
2. The first sentence of Paragraph 8 is deleted and replaced with the
following:
"NU and NEWCO also propose to issue guarantees or provide other forms
of credit support or enhancements (collectively, "Guarantees") to or for
the benefit of NEWCO, the Nonutility Subsidiaries and NU's other direct
and indirect Rule 58 subsidiaries to be formed by NU, NEWCO or the
Nonutility Subsidiaries (the "Guaranteed Entities") in an aggregate
amount not to exceed $ 250 million ("Aggregate Authorization"), through
December 31, 1999."
SIGNATURES
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, as amended, the undersigned have duly caused this Amendment to be
signed on behalf of each of them by the undersigned thereunto duly
authorized.
Date: April 1, 1999
NORTHEAST UTILITIES
NORTHEAST UTILITIES SERVICE COMPANY
NU ENTERPRISES, INC.
By: Their Counsel
/s/Jeffrey C. Miller
Assistant General Counsel
Northeast Utilities Service Company
