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) December 2, 1999
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Commission File Number 1-6392
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PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
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(Exact name of registrant as specified in its charter)
NEW HAMPSHIRE 1-6392 02-018150
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
1000 ELM STREET, MANCHESTER, NEW HAMPSHIRE 03105
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(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (603) 669-4000
(Former name or former address, if changed since last report) Not
Applicable
Item 5. Other Events.
On December 2, 1999, Northeast Utilities (NU) and its subsidiaries, The
Connecticut Light and Power Company (CL&P), Western Massachusetts Electric
Company (WMECO) and Public Service Company of New Hampshire (PSNH), agreed in
principle with Central Maine Power Company (CMP), a wholly-owned subsidiary
of CMP Group, to settle various arbitration and litigation claims arising out
of the operation of the Millstone 3 nuclear power plant. These claims had
been asserted by CMP and the other non-NU owners of Millstone 3 in August
1997 and concerned an extended outage at the unit that began in 1996. The
proposed settlement would involve the payment of fixed and contingent amounts
to CMP and is subject to the execution of a definitive agreement. The
settlement is not contingent upon acceptance by the other non-NU owners.
CL&P, WMECO and PSNH own approximately 68% of Millstone 3, and CMP owns
approximately 2.5% of the unit. NU, CL&P and WMECO reached similar
settlements with two other joint owners of Millstone 3, New England Power
Company and Montaup Electric Company, who collectively own 16% of the unit,
in October, 1999.
Reference is made to Item 1, "Business-Nuclear Generation," and to Item
3, "Legal Proceedings," in NU's, CL&P's and WMECO's Form 10-K for 1998 and
Form 8-K dated October 27, 1999 for further discussion of the joint owners'
Millstone 3 claims and the related settlement.
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.
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
(registrant)
/S/ David A. McHale
David A. McHale
Vice President and Treasurer
Date: January 21, 2000