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) MARCH 30, 2001
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Commission File Number 0-404
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THE CONNECTICUT LIGHT AND POWER COMPANY
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(Exact name of registrant as specified in its charter)
CONNECTICUT 06-0303850
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
107 SELDEN STREET, BERLIN, CONNECTICUT 06037-1616
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(Address of principal executive offices) (Zip Code)
(860) 665-5000
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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. CL&P Rate Reduction Bonds
On March 30, 2001, CL&P Funding LLC ("CL&P Funding"), a subsidiary of The
Connecticut Light and Power Company ("CL&P"), closed the sale of
$1,438,400,000 of notes to Connecticut RRB Special Purpose Trust CL&P-1, a
special purpose trust. The trust in turn sold, through underwriters,
$1,438,400,000 of rate reduction bonds to the public. The notes
were issued in five classes with varying interest rates and maturities.
CL&P Funding applied the proceeds of the sale of the notes to the purchase
of certain transition property from CL&P. The bonds were issued in five
classes, including one floating rate class, each with maturities and other
terms identical to the corresponding class of notes.
Reference is made to CL&P Fundings's Current Report on Form 8-K dated
March 30, 2001 for additional information.
2. Millstone Sale
On March 31, 2001, The Connecticut Light and Power Company ("CL&P") and
Western Massachusetts Electric Company ("WMECO") consummated the sale of
Millstone 1 and 2 to a subsidiary of Dominion Resources, Inc., Dominion
Nuclear Connecticut, Inc. ("DNCI"), and CL&P, WMECO, Public Service Company
of New Hampshire ("PSNH") and certain other of the joint owners collectively
sold 93.47 per cent of Millstone 3 to DNCI, which included all of the
respective joint interests of CL&P, WMECO and PSNH in the unit. The Northeast
Utilities ("NU") System received approximately $1.2 billion of cash from the
sale and has or will apply the proceeds to taxes and reductions of debt and
equity at CL&P, WMECO and PSNH, including aproximately $200 million expected
to be returned to NU. As part of the sale, DNCI assumed responsibility for
decommissioning the three Millstone units.
Reference is made to NU's, CL&P's, WMECO's and PSNH's Annual Report on
Form 10K for the year ended December 31, 2000 for further information.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE CONNECTICUT LIGHT AND POWER COMPANY
(Registrant)
By: /S/ CHERYL W. GRISE
Name: Cheryl W. Grise
Title: SENIOR VICE PRESIDENT,
SECRETARY AND GENERAL COUNSEL
NORTHEAST UTILITIES SERVICE COMPANY
AS AGENT FOR THE CONNECTICUT LIGHT
AND POWER COMPANY
Date: