SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 26, 2002
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Commission Registrant; State of Incorporation I.R.S. Employer
File Number Address and Telephone Number Identification No.
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1-5324 NORTHEAST UTILITIES 04-2147929
(a Massachusetts voluntary association)
174 Brush Hill Avenue
West Springfield, Massachusetts 01090-0010
Telephone (413) 785-5871
0-11419 THE CONNECTICUT LIGHT AND POWER COMPANY 06-0303850
(a Connecticut corporation)
107 Selden Street
Berlin, Connecticut 06037-1616
Telephone (860) 665-5000
1-6392 PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE 02-0181050
(a New Hampshire corporation)
780 North Commercial Street
Manchester, New Hampshire 03101-1134
Telephone (603) 669-4000
0-7624 WESTERN MASSACHUSETTS ELECTRIC COMPANY 04-1961130
(a Massachusetts corporation)
174 Brush Hill Avenue
West Springfield, Massachusetts 01090-0010
Telephone (413) 785-5871
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure
The Item 5 disclosure in the Form 8-K filed by the Registrants on
November 26, 2002 is replaced in its entirety by the following:
As part of an ongoing review process, management of Connecticut Yankee
Atomic Power Company (CYAPC), Yankee Atomic Electric Company (YAEC) and Maine
Yankee Atomic Power Company (MYAPC, and, together with CYAPC and YAEC, the
Yankee Companies) prepared revised estimates of the cost of decommissioning,
respectively, the Connecticut Yankee nuclear unit (CY), the Yankee Rowe
nuclear unit (Yankee Rowe) and the Maine Yankee nuclear unit (MY). CY, Yankee
Rowe and MY have been permanently shut down and are currently conducting
decommissioning activities. The estimated costs of decommissioning CY, Yankee
Rowe and MY have increased by approximately $150 million, $190 million and
$40 million, respectively, over prior estimates. Such prior estimated costs
were included in the Yankee Companies' rates which have been approved by the
Federal Energy Regulatory Commission (FERC). The new cost estimates will be
revised from time to time based on information available to the Yankee
Companies regarding future costs.
The new estimates are attributable mainly to increases in the projected
costs of spent fuel storage, security and liability and property insurance.
Northeast Utilities' (NU) electric operating subsidiaries collectively
own 49% of CYAPC, 38.5% of YAEC and 20% of MYAPC. Their respective shares of
the increased costs would be approximately as follows: The Connecticut Light
and Power Company (CL&P): $103 million; Public Service Company of New
Hampshire (PSNH): $23 million; and Western Massachusetts Electric Company
(WMECO): $29 million.
NU expects the Yankee Companies to seek recovery of these increases in
rate applications to be filed in due course with the FERC, with any resulting
adjustments being charged to their respective sponsors including CL&P, PSNH
and WMECO. The timing, amount and outcome of these filings cannot be
predicted at this time. CL&P, PSNH and WMECO would expect in turn to seek
recovery of their respective shares of any allowed increases from ratepayers
through appropriate state and federal rate proceedings.
For further information concerning the Yankee Companies and their
decommissioning estimates, see "Item 1. Business - Nuclear Generation" in
NU's 2001 Annual Report on Form 10-K and "Nuclear Decommissioning and Plant
Closure Costs" in NU's Notes to its 2001 Financial Statements.
SIGNATURE PAGE TO FOLLOW
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrants have duly caused this report to be signed on their behalf by
the undersigned hereunto duly authorized.
NORTHEAST UTILITIES
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
WESTERN MASSACHUSETTS ELECTRIC COMPANY
(Registrants)
By: /s/ Randy A. Shoop
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Name: Randy A. Shoop
Title: Assistant Treasurer - Finance
THE CONNECTICUT LIGHT AND POWER COMPANY
(Registrant)
By: /s/ Randy A. Shoop
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Name: Randy A. Shoop
Title: Treasurer
Date: November 27, 2002