SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-6B-2
Certificate of Notification
Certificate is filed by: North Atlantic Energy Corporation
This certificate is notice that the above-named company has issued,
renewed or guaranteed the security or securities described herein which
issue, renewal or guaranty was exempted from the provisions of Section 6(a)
of the Act and was neither the subject of a declaration or application on
Form U-1 nor included within the exemption provided by Rule U-48.
1. Type of the security or securities:
(a) Notes issued pursuant to a Term Credit Agreement.
(b) Multicurrency-Cross Border ISDA Master Agreements ("Swaps") to
manage variable interest rate of Notes.
2. Issue, renewal or guaranty:
(a) and (b) Issue
3. Principal amount of each security:
(a) and (b) $225,000,000 aggregate principal amount
4. Rate of interest per annum of each security:
(a) Notes - variable, depending upon borrowing option and interest
period chosen from time to time.
(b) Swap Agreements - effective fixed rate of 7.051 percent (assuming no
change in Public Service Company of New Hampshire's First Mortgage
Bonds' credit rating).
5. Date of issue, renewal or guaranty of each security:
(a) and (b) Issued/funded as of December 11, 1995.
6. If renewal of security, give date of original issue:
(a) and (b) Not applicable
7. Date of maturity of each security:
(a) and (b) November 9, 2000.
8. Name of the person to whom each security was issued, renewed or
guaranteed:
(a) Notes:
Bank Amount
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The First National Bank of Chicago $42,500,000
Barclays Bank PLC $42,500,000
The First National Bank of Boston $42,500,000
Union Bank $42,500,000
Fleet Bank, N.A. $42,500,000
Credit Lyonnais, New York Branch $20,000,000
LTCB Trust Company $15,000,000
(b) Swaps:
Bank Amount
---------------------------------------------------
Barclays Bank PLC $75,000,000
The First National Bank of Chicago $70,000,000
Credit Lyonnais, New York Branch $50,000,000
Fleet Bank, N.A. $30,000,000
9. Collateral given with each security, if any:
(a) and (b) Not applicable
10. Consideration received for each security:
(a) Notes - principal amount of each Note (See Item 8 above).
(b) Swaps - none - exchange of interest payment commitments.
11. Application of proceeds of each security:
(a) To prepay the Company's outstanding 15.23% Notes due July 2000, plus
premium and interest.
(b) Not applicable
12. Indicate by a check after the applicable statement below whether the
issue, renewal or guaranty of each security was exempt from the
provisions of Section 6(a) because of:
a. the provisions contained in the first sentence of
Section 6(b):
(a) and (b) Not applicable
b. the provisions contained in the fourth sentence of
Section 6(b):
(a) and (b) Not applicable
c. the provisions contained in any rule of the Commission other than
Rule U-48:
X
13. If the security or securities were exempt from the provisions of
Section 6(a) by virtue of the first sentence of Section 6(b), give the
figures which indicate that the security or securities aggregate
(together with all other than outstanding notes and drafts of a
maturity of nine months or less, exclusive of days of grace, as to
which such company is primarily or secondarily liable) not more than
5 per centum of the principal amount and par value of the other
securities of such company then outstanding. (Demand notes,
regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for purposes of
the exemption from Section 6(a) of the Act granted by the first
sentence of Section 6(b).)
(a) and (b) Not applicable
14. If the security or securities are exempt from the provisions of
Section 6(a) because of the fourth sentence of Section 6(b), name the
security outstanding on January 1, 1935, pursuant to the terms of
which the security or securities herein described have been
issued:
(a) and (b) Not applicable
15. If the security or securities are exempt from the provisions of
Section 6(a) because of any rule of the Commission other than
Rule U-48, designate the rule under which exemption is claimed:
(a) and (b) Rule 52
NORTH ATLANTIC ENERGY CORPORATION
By /s/Jane P. Seidl
Senior Counsel
Northeast Utilities Service Company
Its Attorney
Date: December 21, 1995
