SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 13, 1997
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Commission File Number 33-43508
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NORTH ATLANTIC ENERGY CORPORATION
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(Exact name of registrant as specified in its charter)
NEW HAMPSHIRE 06-1339460
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1000 ELM STREET, MANCHESTER, NEW HAMPSHIRE 03105
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(Address of principal executive officers) (Zip Code)
(603) 669-4000
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
1. New Hampshire Rate Matters
On October 13, 1997, the New Hampshire Public Utilities Commission
(NHPUC) orally ordered a temporary rate reduction for Public Service Company
of New Hampshire (PSNH), a wholly owned subsidiary of Northeast Utilities
(NU), at a revenue level 6.43 percent lower than current rates. The
temporary rates will be effective December 1, 1997. The NHPUC also set an
interim return on equity of 11 percent. A final decision in PSNH's permanent
rate proceeding is not expected to be issued until mid-1998.
All or a portion of this reduction may be offset or eliminated by an
increase to rates through the Fuel and Purchased Power Adjustment Clause due
to take effect December 1, 1997.
For more information regarding this matter, see NU's Current Reports on
Form 8-K dated March 19, 1997, June 26, 1997, September 2, 1997, Quarterly
Reports on Form 10-Q for the quarters ending March 31, 1997 and June 30, 1997
and "Item 1. Business-Rates-New Hampshire Retail Rates" in NU's 1996 Form
10-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORTH ATLANTIC ENERGY CORPORATION
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Registrant
Date October 31, 1997 By /s/John B. Keane
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John B. Keane
Vice President and Treasurer
