EVERSOURCE ENERGY — Regulatory Filings 2005

Dec 12, 2005

35-CERT/A 1 fileno7010177newreport.htm html PUBLIC "-//IETF//DTD HTML//EN" File No. 70-10177

File No. 70-10177

UNITED STATES OF AMERICA

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Application of Northeast Utilities,	)	CERTIFICATE PURSUANT TO RULE 24
NU Enterprises, Inc.	)	UNDER THE PUBLIC UTILITY HOLDING
Select Energy, Inc.	)	COMPANY ACT OF 1935
on Form U-1	)

Pursuant to the requirements of Rule 24 under the Public Utility Holding Company Act of 1935, Northeast Utilities ("NU"), a registered holding company, hereby files this quarterly report as required by the Securities and Exchange Commission's order authorizing the use of proceeds of financing transaction for investment in Exempt Wholesale Generators. (HCAR No. 35-27868, June 30, 2004, and HCAR No. 35-27868A, July 2, 2004, File No. 70-10177) ("Order").

For the quarter ended September 30, 2005, the following information is reported pursuant to the Order.

1)

A computation in accordance with rule 53(a) (as modified by the Commission's order in this proceeding) of NU's aggregate investment in EWGs.

As of September 30, 2005, NU's aggregate investment in EWGs was approximately $448.2 million, or 65.7% of its average Consolidated Retained Earnings for the most recent four quarters of approximately $682.0 million.

2)

A computation in accordance with rule 53(a) setting forth NU’s “aggregate investment” in EWGs as a percentage of (a) total consolidated capitalization; (b) net utility plant; (c) total consolidated assets; and (d) aggregate market value of NU’s common equity, all as of the end of the quarter.

	As of September 30, 2005 — (Thousands of Dollars)	%
NU's aggregate investment in EWGs	$ 448,174	- %
a) Total consolidated capitalization	6,893,613	6.5
b) Net utility plant	6,227,880	7.2
c) Total consolidated assets	12,929,392	3.5
d) Aggregate market value of NU's common equity	2,594,224	17.3

3)

Consolidated capitalization ratios of NU, CL&P, PSNH and WMECO as of the end of the quarter, with consolidated debt to include all short-term debt and non-recourse debt of the EWG(s):

NU Consolidated	As of September 30, 2005
	(Thousands of Dollars)	%
Common shareholders' equity	$ 2,031,524	29.5 %
Preferred stock	116,200	1.7
Long-term and short-term debt	3,346,746	48.5
Rate reduction bonds	1,339,143	20.3
	$ 6,893,613	100.0 %

The Connecticut Light and Power Company (CL&P)	As of September 30, 2005
	(Thousands of Dollars)	%
Common stockholder's equity	$ 984,083	29.9 %
Preferred stock	116,200	3.5
Long-term and short-term debt	1,296,628	39.5
Rate reduction bonds	890,009	27.1
	$ 3,286,920	100.0 %

Public Service Company of New Hampshire (PSNH)	As of September 30, 2005
	(Thousands of Dollars)	%
Common stockholder's equity	$ 429,606	33.0 %
Long-term and short-term debt	477,198	36.7
Rate reduction bonds	395,035	30.3
	$ 1,301,839	100.0 %

Western Massachusetts Electric Company (WMECO)	As of September 30, 2005
	(Thousands of Dollars)	%
Common stockholder's equity	$ 178,278	31.8 %
Long-term and short-term debt	267,485	47.8
Rate reduction bonds	114,098	20.4
	$ 559,861	100.0 %

4)

Analysis of the growth in consolidated retained earnings which segregates total earnings growth of NGC and each additional EWG from that attributable to other subsidiaries of NU.

Retained earnings statement as of September 30, 2005:

	NGC	NU Consolidated
(Thousands of Dollars)
Beginning balance as of July 1, 2005	$ 54,173	$ 635,221
Additions:
Net income/(loss)	8,457	(94,492)
Deductions:
Cash dividends on common shares	8,000	87
Ending balance as of September 30, 2005	$ 54,630	$ 540,642

5)

A statement of revenues and net income for each EWG for the twelve months ending as of the end of the quarter:

Twelve Months Ended September 30, 2005	NGC
	(Thousands of Dollars)
Revenues	$153,098
Net Income	$ 43,987

SIGNATURE

Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the undersigned company has duly caused this Certificate to be signed on its behalf by the undersigned thereunto duly authorized.

NORTHEAST UTILITIES
(Registered Holding Company)
/s/ John P. Stack
John P. Stack
Vice President - Accounting and Controller
Northeast Utilities
P.O. Box 270
Hartford, CT 06141-0270
November 18, 2005