ML20035H186

Forwards Annual Rept for 1992 to Sec for Northeast Nuclear Energy Co & North Atlantic Energy Svcs Corp

ML20035H186
Person / Time
Site:	Millstone, Seabrook, Haddam Neck  File:Connecticut Yankee Atomic Power Co icon.png
Issue date:	04/28/1993
From:	Haight D NORTHEAST UTILITIES
To:	Office of Nuclear Reactor Regulation
References
NUDOCS 9305030287
Download: ML20035H186 (47)

Text

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N UTILETIES cenemi Omce.. seioen street. seriin. connecticui l

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(203) 665-5000 April 28,1993 Director Nuclear Reactor Regulation U.S. Nuclear Regulatory Commission Washington, DC 20555

Dear Sir:

In accordance with paragraph 50.71(b) of 10CFR, Part 50, enclosed is one copy of the 1992 Annual Financial Report for Northeast Nuclear Energy Company and North Atlantic Energy Service Corporation, license holders.

Please acknowledge receipt by returning the duplicate of this letter in the stamped, self-addressed envelope enclosed for your' convenience.

Respectfully yours, A_A

i. /(M Donald W. Haight Supervisor - External Reports DWH/imw/NRC3 Enclosures E

i 030015 (00k 9305030287 930428 PDR-ADDCK 0500o213 k

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s Form U 60 Mutual and Subsidiary Service Companies ANNUALREPORT FOR THE PERIOD Beginning January 1,1992 and Ending December 31,1992 TO THi U. S. SECURITIES AND EXCHANGE COMMISSION OF NORTHEAST NUCLEAR ENERGY COMPANY A Subsidiary Service Company Date of incorporation - November 14,1950 State of Soverign Power under wh'ch incorporated or Organized - Connecteut Location of Principal Executke Offces of Reporting Company - Selden Street, Berlin, CT. 06037 Name, t] tie, and address of o'fcer to v.tiom correspondence conceming this report should be addressed:

John W. Noyes, Vice President and Controller, P.O. Box 270, Hartford, Ct. 06141-0270 Name of Principal Holding Company Whose Subsidiaries are served by Reporung Company:

NORTHEAST UTILITIES

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INSTRUCTIONS FOR USE OF FORM U-13-60

1. Time of Filing.--Rule 94 provides that on or before the first day of May in each calendar year, each mutual service company and each subsidiary service co=pany as to which the Co==1ssion shall have made a favorable finding pursuant to Rule 88, and every service company whose application for approval or declaration pursuant to Rule BB is pending shall file with the Co==ission an annual report on Form U-13-60 and in accordance with the Instructions for that form.

2. Number of Copies.--Each annual report shall be filed in duplicate. The company should prepare and retain at least one extra copy for itself in case correspondence with reference to the report becomes necessary.

3. period Covered by Report.--The first report filed by any co=pany shall cover the period from the date the Uniform System of Accounts was required to be nade effective as to that company under Rules 82 and 93 to the e.nd of that calendar year.

Subsequent reports should cover a calendar year.

4. Report Format.--Reports shall be submitted on the forms prepared by the Co==ission.

If the space provided on any sheet of such form is inadequate, additional sheets may be inserted of the same size as a sheet of the form or folded to such size.

5. Money Amounts Displayed.--All money amounts required to be shown in financial statements may be expressed in whole dollars, in thousands of dollars or in hundred thousands of dollars, as appropriate and subject to provisions of Regulation S-X (5210.3-01(b)).

6. Deficits Displayed.--Deficits and other like entries shall be indicated by the use of either brackets or a parenthesis with corresponding reference in f ootnotes.

(Regulation S-X, 5210.3-01(c))

7. Major Amendments or Corrections.--Any corpany desiring to amend or correct a major omission or error in a report after it has been filed with the Co==ission shall submit an amended report including only those pages, schedules, and entries that are to be amended or corrected. A cover letter shall be submitted' requesting the Ccc.ission to incorporate the amended report changes and shall be signed by a duly authorized efficer of the company.

B. Definitions.--Definitions contained in Instruction 01-8 to the Uniform System of Accounts for Mutual Service Co=panies and Subsidiary Service Co=panies, Public Utility Holding Co=pany Act of 1935, as amended February 2,1979 shall be applicable to words or terms used specifically within this Form U-13-60.

9. Orcanization Chart.--The service co=pany shall submit with each annual report l

a copy of its current organization chart.

10. Methods of Allocation.--The service company shall submit with each annual report a listing of the currently effective methods of allocation being used by the service company and on file with the Securities and Exchange Cocnission pursuant to the Public Utility Holding Co=pany Act of 1935.

11. Annual Statement of Compensation for Use of Capital Billed.--The service company shall submit with each annual report a copy of the annual statement supplied to each associate company in support of the amount of co=pensation for use of capital billed during the calentar year. '

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LISTING OF SchiEDULES AND ANALYSIS OF ACCOUNTS Schedule or Page Description of Schedules and Accounts Acet. No.

No.

COMPARATIVE BALANCE SHEET Schedule I 4-5 SERVICE COMPANY PROPERTY Schedule II 6-7 ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY Schedule III 8

INVESTMENTS Schedule IV 9

ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES Schedule V 10 FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI II STORES EXPENSE UNDISTRIBUTED Schedule VII 12 MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII 13 MISCELLANEOUS DEFERPJD DEBITS Schedule IX 24 RESEARCH, DEVELOPMENT, OR DEMONSTRATION EXPENDITURES Schedule X 15-PROPRIETARY CAPITAL Schedule XI 16 i-LONG-TERM DEBT Schedule XII 17 CURRENT AND ACCRUED LIABILITIES Schedule XIII 18 NOTES TO FINANCIAL STATEMENTS Schedule XIV 19 COYPARATIVE INCOME STATEMENT Schedule XV 20 ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457 21 ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458 22 ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 23 SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION Schedule XVII 24-25 DEPARTMENTAL ANALYSIS OF SALARIES 26 OUTSIDE SERVICES EMPLOYED 27 EMPLOYEE PENSIONS AND BENEFITS Account 926 28 GENERAL ADVERTISING EXPENSES Account 930.1 29 i

MISfTT.T ANEOUS GENERAL EXPENSES Account 930.2 30 RENTS 31 l

TAXES OTHER THAN 2 JCOME TAXES Account 408 32 DONATIONS Account 426.1 33 i

OTHER DEDUCTIONS Account 426.5-34 i

NOTES TO STATEMENT OF INCOME Schedule XVIII 35

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LISTING OF INSTRUCT ONAL FILING REQUIREMENTS Page No.

Description of Reports or Statements ORGANIZATION CHART 36 METHODS 0." ALLOCATION 37 ANh"JAL STATEMENT OF COMPENSATION FOR i

USE OF CAPITAL BILLED 3B

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SIGNATURE PAGE 39

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY i

s SCHEDULE I - COMPARATIVE BALANCE SHEET Give balance sheet of the Company as of December 31 of the current and prior year.

ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31 1992 1991 SERVICE COMPANY PROPERTY (Thousands of Dollars) 101 Service company property (Schedule II)

$15,430

$15,346 107 Construction work in progress (Schedule II) 801 10 t

Total Property 16,231 15,356 108 Less accumulated provision for depreciation and amorti=ation of service company property (Schedule III) 6,074 5,232 Net Service Company Property 10,157 10,124 INVESTMENTS 123 Investments in associate companies (Schedule IV) 124 Other investments (Schedule IV)

Total Investments CURRENT AND ACCRUED ASSETS 131 Cash 18 6

134 Special deposits 135 Working funds 8

8 136 Temporary cash investments (Schedule IV) 141 Notes receivable 143 Accounts receivable 4,748 2,674 144 Accumulated provision of uncollectible accounts 146 Accounts receivable from associate companies (Schedule V) 55,809 46,271 152 Fuel stock expenses undistributed (Schedule VI) 154 Materials and supplies 65,384 54,462 163 Stores expense undistributed (Schedule VII) 365 451 165 Prepayments 4,485 4,310 174 Miscellaneous current and accrued assets (Schedule VIII)

Total Current and Accrued Assets 130,817 108,182 DEFERRED DEBITS 181 Unamortized debt expense 8

5 9

290 184 Clearing accounts 186 Miscellaneous deferred debits (Schedule IX) 5,534 6,924 188 Research, development, or demonstration expenditures (Schedule X) 190 Accumulated deferred income taxes Total Deferred Debits 5,551 7,219 TOTAL ASSETS AND OTHER DEBITS

$146,525

$125,525

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_ ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPAh7 SCHEDULE Y - CLMPARATIVE BAIANCE SHEET

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Give balance sheet of the Company as of December 31 of the current and prior year.

ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31

.....................................................~..................................

1992 1991 PROPRIETARY CAPITAL (Thousands of Dollars) 201 Common stock issued (Schedule XI)

$15

$15-211 Miscellaneous paid-in. capital (Schedule XI) 15,350 15,350 215 Appropriated retained earnings (Schedule XI) 216 Unappropriated retained earnings (Schedule XI) 1,036 1,006 Total Proprietary Capital

"55,5b5'

~~~'5b 5h5' LONG-TERM DEBT 223 Advances from associate companies (Schedule XII) 224 Jther long. term debt (Schedule XII) 15,000 225 Unamortized premium on long-term debt 226 Unamortized discount on long-term debt. debit

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Total Long-Term Debt

$~'

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CURRENT AND ACCRUED LIABILITIES

.231 Notes payable 232 Accounts payable 28,476 29,852 233 Notes payable to associate companies (Schedule XIII) 16,000 234 Accounts payable to associate companies (Schedule XIII) 13,171 8,008 236 Taxes accrued 5,741 2,811 237 Interest accrued 106 107 238 Dividends declared 241 Tax collections payable 505 194 242 Miscellaneous current and accrued liabilities (Schedule XIII) 50,657 39,845 Total Current and Accrued Liabilities 555 555'

~~ ~5b$55)

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DEFERRED CREDITS 253 Other deferred credits 6,519 2,677 255 Accumulated deferred investment tax credits 870 930 i

Total Deferred Credits

~~h,559

~~

~~~~~5,bbh' 282 ACCUMULATED DEFERRED INCOME TAXES

~"'E,bhh' h'h5b' TOTAL LIABILITIES AND PROPRIETARY CAPITAL

$146,525

$125,525 i

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i ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended Dscember 31, 1992 SCHEDULE II. SERVICE COMPANY PROPERTY BALANCE AT RETIREMENTS BAIANCE BEGINNING OR OTHER AT CLOSE DESCRIPTION OF YEAR ADDITIONS SALES CHANGES (1) 0F YEAR (Thousands of Dollars)

SERVICE COMPANY PROPERTY Account 301 ORGANIZATION 303 MISCELIANEOUS INTANGIBLE PIANT 304 IAND AND IAND RIGHTS 305 STRUCTURES AND IMPROVEMENTS 306 LEASEHOLD IMPROVEMENTS 307 EQUIPMENT (2) 308 0FFICE FURNITURE AND EQUIPMENT 309 AUTOMOBILES, OTHER VEHICLES AND REIATED GARAGE EQUIPMENT 310 AIRCRAFT AND AIRPORT EQUIPMENT 311 OTHER SERVICE COMPAh"i PROPERTY (3) 321 STRUCTURES AND IMPROVEMENTS

$11,099

$11,099 322 REACTOR PIANT EQUIPMENT 324 ACCESSORY ELECTRIC EQUIPMENT 27 27 325 MISCELIANEOUS POWER FIANT EQUIPMENT 3,048 82 3,130 391 0FFICE FURNITURE AND EQUIPMENT 1,172 2

1,174 SUB-TOTAL 15,346 84 15,430 107 COSSTRUCTION WORK IN PROGRESS (4) 10 791 801 TOTAL

$15,356

$875

$0

$0

$16,231 (1) PROVIDE AN EXPIANATION OF THOSE CHANGES CONSIDERED MATERIAL; NONE 6

SCHEDULE II - CONTIWUED (2) SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMf,NT ADDITIONS DURING THE YEAR AND THE BALANCE AT THE CI.DSE OF THE YEAR:

BALANCE ~

AT CLOSE SUBACCOUNT DESCRIPTION ADDITIONS OF YEAR (Thousands of Dollars)

NONE (3) DESCRIBE OTHER SERVICE COMPANY PROPERTY:

(4) DESCRIBE CONSTRUCTION WORK IN PROGRESS:

This account includes simulator upgrade, tools and general plant items.

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-ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY i

i-I For tha Yaar.Endsd D2cember 31, 1992 1

SCHEDULE III i

-l ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY i

ADDITIONS OTHER.

P.AIANCE AT CHARGED CHANGES BAIANCE -

r BEGINNING TO ADD AT CIDSE DESCRIPTION OF YEAR ACCT 403 RETIREMENTS (DEDUCT)1/

OF. YEAR t

(Theusands of Dollars)

Account 301 ORGANIZATION

-303 MISCELLANEOUS INTANGIBLE PIANT 304 IAND AND IAND RIGHTS 305 STRUCTURES AND IMPROVEMEhTS

' i 306 LEASEHOLD IMPROVEMENTS 307 EQUIPMENT 308 OFFICE FURNITURE AND FIXTURES 309 AUTOMOBILES,-OTHER VEHICLES AND REIATED CARAGE EQUIPMENT i

310 AIRCRAFT AND AIRPORT EQUIPMENT 311 OTHER SERVICE COMPANY PROPERTY l

321 STRUCTURES AND IMPROVEMENTS 2,951 371 3,322' 322 REACTOR PIANT EQUIPHENT 324 ACCESSORY ELECTRIC EQUIPMENT 7

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325 MISCELIANEOUS POWER FIANT i

EQUIPMENT 1,865 143 220 2,228 391 0FFICE FURNITURE AND FIXTURES 409 29 78-516 TOTAL

$5,232

-$544

$0

$298

$6,074 i

(1) PROVIDE AN EXPIANATION OF THOSE CHANGES CONSIDERED HATERIAL:

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Depreciation charged to clearin5 account.

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERCY COMPANY For the Year Ended December 31, 1992 SCHEDULE IV. INVESTMENTS INSTRUCTIONS: Complete the following schedule concerning investments.

Under Account 124, "Other Investments," state each investment separately, with description, including the name of issuing company, number of shares or principal amount, etc.

Under Account 136, " Temporary Cash Investments," list each investment separately.

BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES NONE 6

ACCOUNT 124 - OTHER INVESTMENTS t

NONE I

ACCOUNT 136 - TEMPORARY CASH INVESTMENTS l

NONE l

i TOTAL P

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY l

For the Year Ended December 31, 1992 i

SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES INSTRUCTIONS: Complete the following schedule listing accounts receivable from each l

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associate company. Where the service company has provided accommodation or convenience paysents for associate companies, a separate listing of total payments for each associate company by subaccount should be provided.

EALANCE AT BALANCE AT BEGINNINC CLOSE DESCRIPTION OF YEAR OF YEAR (Thousands of Dollars).-

ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES Northeast Utilities System Money Pool

$11,750

$5,500 The Connecticut Light and Power Company 27,790 40,006 Western Massachusetts Electric Co=pany 6,500 9,381 i

Northeast Utilities Service Company 51 322 i

Northeast Utilities 180 600 i

a TOTAL

$46,271

$55,809 l

i ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS:

L See.page 10A for details.

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ANNUAL REPORT OF NORTHEAST NUCLEAR'ENERCY COMPANY For the Year Ended December 31, 1992 r

SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES I

INSTRUCTIONS:

Complete the following schedule listing accounts receivable from each associate company. Where the service company has provided accommodation or convenience payments for associate companies, a separate listing of total.

payments for each associate company by subaccount should be provided.

TOTAL' DESCRIPTION PAYMENTS (Thousands' of Dollars) j ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS:

Northeast Utilities

$941 The Connecticut Light and Power Company 2,813 Western Massachusetts Electric Company 540 Northest Utilities Service Company 1,626 TOTAL

$5,920 Convenience payments result primarily from the following items:

Engineering Services

$639 Nuclear Fuel 2,878 i

Computer Equipment & Supplies 261 i

Federal Income Taxes 941 Miscellaneous (205 items)

$1,201 i

TOTAL

$5,920 b

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31, 1992 SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to fuel stock expenses during the year and indicate amount attributable to each associate company. Under the section headed " Summary" listed below, give an overall report of the fuel functions performed by the service company.

DESCRIPTION IABOR EXPENSES TOTAL (Thousands of Dollars)

ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED NONE P

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31, 1992 SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to stores expense during the year and indicate amount attributable to each associate company.

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i DESCRIPTION LABOR EXPENSES TOTAL l

(Thousands of Dollars) i ACCOUNT 163. STORES EXPENSE UNDISTRIBUTED v

Beginning Balance as of January 1,1992

$451 t

t Activity for the year:

Stores expense undistributed

$1,896

$888 2,784 The above stores expenses are billed back to each of the companies listed below:

i The Connecticut Light & Power Company (1,400)

(659)

(2,059)

Western Massachusetts Electric Company (334)

(157)

(491)

Public Service Company of New Hampshire (82)

(39)

(121)

Nonassociate Companies (see page 22 for list of the companies)

(135)

(64)

(199)

Stores expense distributed (1,952)

(918)

(2,870) t Net Activity for year

($56)

($30)

(86) l Ending Balance as of December 31, 1992

$365 i

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31, 1992 c

SCHEDULE VIII l

MISCELIANEOUS CURRENT AND ACCRUED ASSETS i

l INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000 may be i

grouped, showing the number of items in each group.

BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR (Thousands of Dollars)

ACCOUNT 174 - MISCELIANEOUS CURRENT AND ACCRUED ASSETS NONE 1

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Yeer Endsd Dacember 31, 1992 SCHEDULE IX MISCELIANEOUS DEFERRED DEEITS INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000 may be grouped, showing the number of items in each group.

BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR 0F YEAR r

(Thousands of Dollars)

ACCOUNT 186. MISCELLANEOUS DEFERRED DEBITS

+

Financial system development costs

$6,676

$5,388 Employee performance payments 93 39 Connecticut sales tax under protest 89 93 Connecticut diesel tax 22 21

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Miscellaneous work in progress 42 f

Other deferred debits (4 items in 1991 and 1992) 2 (7) 3 TOTAL

$6,924

$5,534 N

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For tha Yant Endad Decembar 31, 1992 t

SCHEDULE X RESEARCH, DEVEIDPMENT, OR DEMONSTRATION EXPDiDITURES INSTRUCTIONS: Provide a description of each material research, development, or demonstration project which incurred costs by the service corporation s

during the year, DESCRIPTION AMOUNT (Thousands of Dollars)

ACCOUNT 168 - PISEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES Services billed from Northeast Utilities Service Company (an associate company)

$22 Miscellaneous (3 items)

(2)

The above expenses are billed back to each of the associated companies listed below:

The Connecticut Light and Power Company (12)

Vestern Massachusetts Electric Company (3)

Nonassociate Companies (see page 22 for list (5) of the companies)

TOTAL

$0 3

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERCY COMPANY For the Year Ended December 31, 1992 SCHEDULE XI PROPRIETARY CAPITAL, NUMBER OF PAR OR STATED OUTSTANDING CLOSE OF PERIOD ACCOUNT SHARES VALUE NUMBER CIASS OF STOCK AUTHORIZED PER SHARE NO. OF SHARES TOTAL AMOUNT (Thousands.

of Dollars) 201 COMMON STOCK ISSUED 60,000

$10.00 1,500

$15 INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general nature of transactions which give rise to the repcrted amounts.

r DESCRIPTION AMOUNT (Thousands of Dollars)

ACCOUNT 211 - MISCELLANEOUS PAID-IN-CAPITAL

$15,350 ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS j

TOTAL

$15,350 INSTRUCTIONS: Give particulars concerning net income or (loss) during the year, distinguishing between compensation for the use of capital owed or net loss remaining from servicing nonassociated per the General Instructions of the Uniform Systems of Accounts. For dividends paid during the year in cash or otherwise, provide rate pecentage, amount of dividend, date declared and date paid.

I BEGINNING OR DIVIDENDS CLOSE DESCRIPTION OF YEAR (LOSS)

PAID OF YEAR (Thousands of Dollars)

ACCOUNT 216-UNAPPROPRIATED RETAINED i

EARNINGS

$1,006

$2,124

$2,094

$1,036-TOTAL

$1,006

$2,124

$2,094

$1,036 l

The net income is all compensation for use of capital.

The dividends are paid as follows:

Rate Percentage Amount of Per Share Dividend Date Declared Date Paid l

$349.00

$523,500 03/09/92 03/31/92

$349.00

$523,500 06/08/92 06/30/92 i

$349.00

$523,500 09/21/92 09/30/92

$349.00

$523,500 12/14/92 12/31/92 i

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. ANNUAL REPORT OF NORTilEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31, 1992 SCllEDULE XII LONG-TERM DEBT INSTRUCTIONS: Advances from associate companies should be reported separately for advances on notes, and advances on open account. Names of associate companies from which advances were received shall be shown under the class and series of obligation column. For Account 224 - Other long-term debt provide the name of creditor company or organization, terms of obligation, date of maturity, interest rate, and the amount authorized and outstanding.

TERMS OF OBLIG.

DATE BATANCE AT BAIANCE AT CLASS & SERIES OF INTEREST AMOUNT BEGINNING CIASE t

NAME OF CREDITOR OF OBLIGATION MATURITY RATE AUTilORIZED OF YEAR ADDITIONS DEDUCTIONS (1) 0F YEAR (Thousands of Dollars)

ACCOUNT 223-ADVANCES FROM ASSOCIATE

,y COMPANIES:

NONE ACCOUNT 224 0THER LONG-TERM DEBT:

Prudential' Insurance Company of America Unsecured Term 12/92 8.31%

$15,000'

$15,000

$0

$15,000

$0 Note 4

TOTAL OTHER IDNG-TERM DEBT

$15,000

$15,000

$0

$15,000

$0 t

(1) GIVE AN EXPIANaTION OF DEDUCTIONS:

The term note natured in December 1992.

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY

.l For the Year Ended December 31, 1992

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t SCHEDULE XIII. CURRENT AND ACCRUED LIABILITIES Provide balance of notes and accounts pa'yable to each associate company.

l INSTRUCTIONS:

Give description and amount of miscellaneous current and accrued liabilities. Items less than $10,000 may be grouped, showing the number of items in each group.

7 BALANCE AT BALANCE AT BEGINNING CLOSE

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DESCRIPTION OF YEAR OF YEAR (Thousands of Dollars) i ACCOUNT 233. NOTES PAYABLE TO ASSOCIATE COMPANIES

$16,000 Northeast Utilities System Money Fool t

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$16,000 TOTAL ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE COMPANIES The Connecticut Light and Power Company

$527

$953 38 25 Western Massachusetts Electric Company Northeast Utilities Service Company 7,263 11,532 Northeast Utilities 180 661 l

l TOTAL

$8,008

$13,171 ACCOUNT 242 - MISCELIANEOUS CURRENT AND ACCRUED LIABILITIES i

Millstone 3 Funding Liability

$32,054

$39,833 Pension Cost 7,584 9,420 490 Performance Reward Program 883 Payroll Accrual 169 17 Payroll Deductions 32 Rentals 10 13 Audit Expense Other (3 items in 1992 and 2 items in 1991)

(4) 1 TOTAL

$39_,845

$50,657 t i

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERCY COMPANY For the Year Ended December 31. 1992 SCHEDULE IIV NOTES TO FINANCTAL STATEMENTS INSTRUCTIONS:

The space below is provided for important notes regarding the financial statements or any account thereof.

Furnish particulars as to any significant contingent assets or liabilities existin5 at the end of the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference.

1.

SUMMARY

OF SIGNIFICANT ACCOUNTING POLICIES General Northeast Nuclear Energy Company (KNECO or the Company) is a wholly owned subsidiary of Northeast Utilities (NU). The Connecticut Light and Power Company (CL&P), Public Service Company of New Hampshire (PSNH), and L'estern Massachusetts Electric Company (kMECO) are three of the operating subsidiaries of the Northeast Utilities system (the system) and are wholly owned by NU. NNECO acts as agent in operating the two nuclear generating facilities (Millstone 1 and 2) that are wholly owned by Cl4P and LMECO.

The cost of the two nuclear units is recorded on the books of the affiliated utility companies in their proportionate ownership shares. In addition, the Company acts as agent in operating a third nuclear generating unit, Millstone 3, for CIAP,

PSNH, kHECO, and other nonaffiliated utilities. The cost of Millstone 3 is recorded on the books of CIAP, PSNH, kMECO, and the nonaffiliated utilities based upon their proportionate ownership shares.

Other wholly owned subsidiaries of NU provide substantial support services to the system.

Northeast Utilities Service Company (NUSCO) supplies centralized accounting, administrative, data processing, engineering, financial, legal, operational, planning, purchasing, and other services to the system companies.

t All transactions among affiliated companies are on a recovery of cost basis which may include amounts representing a return on equity, and are subject to approval of various federal and state regulatory agencies.

Public Utility Regulation NU is registered with the Securities and Exchange Commission as a holding company under the Public Utility Holding Company Act of 1935 (the 1935 Act), and it and its subsidiaries, including the Company, are subject to the provisions of the 1935 Act.

Revenues The Company provides services to the affiliated utility companies on the basis of recovery of cor.t plus return on capital, as defined under the terms of agreements which have been approved by various federal and state

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31. 1992 SCHEDULE XIV NOTES TO FINANCIAL STATEMENTS regulatory commissions having jurisdiction over operations of the Company and the affiliated utility companies.

Depreciation The provision for depreciation is calculated using the straight-line method based on estimated remaining useful lives of depreciable utility plant-in-service, adjusted for salvage value and removal costs.

Except for major facilities, depreciation factors are applied to the average plant-in-service during the period. Major facilities are depreciated from the time they are placed in service. When plant is retired from service, the original cost of plant, including costs of removal, less salvage, is charged to the accumulated provision for depreciation.

The composite depreciation rate was 5.3 percent in 1992.

2.

SHORT-TERM DEBT NU, CIAP, k3ECO, Holyoke Water Power Company (HWP), NNECO, and The Rocky River Realty Company (RRR) have established a revolving credit facility with a group of 19 banks.

Under this facility, the participating companies may borrow up to an aggregate of $360 million.

Individual borrowing limits are $175 million for NU, $360 million for CIAP, $75 million for kWECO, $8 million for HWP, $60 million for NNECO, and

$15 million for RRR.

The system companies may borrow funds on a short-term revolving basis using either fixed-rate loans or standby loans.

Fixed rates are set using competitive bidding.

Standby-loan rates are based upon several alternative variable rates. The system companies are obli ated to pay a facility fee of.20 percent of each bank's total E

commitment under the three-year portion of the facility, representing 75 percent of the total facility, plus.135 percent of each bank's total commitment under the 364-day portion of the facility, representing 25 percent of the total facility.

At December 31, 1992, there were no borrowings under the facility.

Certain subsidiaries of NU, including NNECO, are members of the Northeast Utilities System Money Pool (Pool).

The Pool provides a more efficient use of the cash resources of the system, and reduces outside short-term borrowings. NUSCO administers the Pool as agent for the sember companies.

i Short-term borrowing needs of the member companies are first met with available funds of other member companies, including funds borrowed by NU parent. NU parent may lend to the Pool but may not borrow. Investing and borrowing subsidiaries receive or pay interest based on the average daily Federal Funds rate. Funds may be withdrawn from or repaid to the Pool at any time without prior notice. However, borrowings based on loans from NU parent bear interest at NU parent's cost and must be repaid based upon the terms of NU parent's original borrowing.

-19A-i

l ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY l

For the Year Ended December 31. 1992 l

SCHEDULE XIV-l NOTES TO FINANCIAL STATEMENTS The amount of short-term borrowings that may be incurred by the Company is i

subj ect to periodic approval by the SEC under the 1935 Act.

Under this restriction, as of January 1,1993, the Company was authorized to incur short-term borrowings up to a maximum of $65 million.

3.

LEASES f

i The Company has entered into lease agreements with two unaffiliated third parties for the use of nuclear control room simulators (simulators) for 1

Millstone 1 and 2,

and C14P's and WECO's share of the Millstone 3 t

simulator. In addition, the Company's affiliates have entered into lease agreements for the use of data processing equipment, office equipment, vehicles and office space. NNEC,0 is billed for its proportionate share of these leases through the intercompany billing system. The provisions of

[

these lease agreements generally provide for renewal options.

For the j

purposes of this report, all leases are accounted for as operating leases, r

At December 31, 1992, assuming those leases which would have been classified as capital leases were capitalized at the beginning of the l

lease terms, assets would have increased by approximately $23.6 million, l

current liabilities would have increased by approximately $2.0 million, i

and long-term obligations would have increased by approximately

$21.6 million. There is no effect on NNECO's results of operations.

{

During 1992 NNECO charged approximately $4,819,000 in capital lease rental payments and $7,546,000 in operating lease rental payments to operating l

expense.

Interest included in capital lease rental payments was l

approximately $:.,712,000.

4 i

Future minimum rental payments, excluding executory costs such as property i

taxes, state use taxes, insurance and maintenance, under long-term noncancelable leases as of December 31, 1992, are approximately:

Capital Operating l

Year Leases Leases (Thousands of Dollars) l t

1993

$ 4,366

$ 5,568 l

1994 4,366 5,191 1995 4,366 4,672 t

1996 4,367 4,176 l

1997 4,195 2,186 After 1997 13.795 30.392 Future minimum lease payments 35,455

$52.185 Less amount representing interest 11.862 Present value of future minimum l

lease payments S23.593 j

-19B-l

t I

ANNUAL REPORT OF NORTHEAST NUCLEAR ENERCY COMPANY i

For the Year Ended December 31. 1992 f

SCHEDUlf XIV NOTES TO FINANCIAL STATEMENTS 4.

POSTRETIREMENT BENEFITS The Company participates in a uniform noncontributory-defined benefit retirement plan covering all regular system employees. Benefits are based

.l on years of service and employees' highest compensation during five l

consecutive years of employment. NNECO's direct-allocated portion of the system's pension cost, part of which was charged to utility plant, i

approximated $1.8 million in 1992.

i Currently. - the Company funds annually an amount at least equal to that which will satisfy the requirements of the Employee Retirement Income Security Act and the Internal Revenue Code. Pension costs are determined using market-related values of pension assets. Pension assets are invested primarily in equity securities, bonds, and insurance contracts.

The components of 1992 net pension cost for the system (excluding PSNH and North Atlantic Energy Service Corporation) are:

Service cost

$ 27,480,000 Interest cost 69,746,000 l

Return on plan assets (77,232,000)

Net amortization (16.266.000)

Net pension cost S 3.728.000 l

t For calculating 1992 pension cost, the following assumptions were used:

Discount rate 8.5%

Expected long-term rate of return 9.0

?

Compensation / progression rate 6.8 The following table represents the plan's funded status reconciled to the NU Consolidated Balance Sheet at December 31, 1992:

Accumulated benefit obligation, including $719,608,000 of vested benefits

$ 764.432.000 Projected benefit obligation

$1,055,295,000 Less: Market value of plan assets 1.226.468.000

)

Market value in excess of projected i

benefit obligation 171,173,000 Unrecognized transition amount (18,277,000)

Unrecognized prior service costs 8,658,000 j

Unrecognized net gain (214.894.000)

Accrued pension liability (53.340.000) i

-19C-1 r

=

l ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31. 1992' SCHEDULE IIV NOTES TO FINANCIAL STATEMENTS The following actuarial assumptions were used in calculating the plan's year-end funded status:

Discount rate.

8.0t Compensation / progression rate

.5.0 In addition to pension benefits, NNECO currently has a ' practice of providing certain health care and life insurance benefits to -retir.ed employees.

The direct cost of providing those benefits was not material in 1992. The Company' currently recognizes health care benefits primarily as paid and provides for life insurance benefits through premiums paid to an insurance company.

7.

COMMITMENTS AND CONTINGENCIES Construction Progre.m The construction program is subj ect to periodic review and revision.

Actual construction expenditures may vary from such estimates due to factors such as revised estimates, inflation, revised regulations, delays, the availability and cost of capital, and actions by regulatory bodies.

The Company currently forecasts construction program expenditures of

$1.6 million for the years 1993-1997, including $500,000 for 1993.

-19D-

ANNUAL REPORT OF HORTHEAST NUCLEAR ENERGY COMPANY FOR THE YEAR ENDED DECEMBER 31, 1992 SCHEDULE XV COMPARATIVE INCOME STATEMENT ACCOUNT DESCRIPTION 1992 1991 (Thousands of Dollars) l INCOME 457 Services rendered to associate companies

$329,068

$278,806 357 43,483 458 Services rendered to nonassociate companies 38,535 1,115 l

421 Miscellaneous income or loss

~567,965-325~454-

~~~

Total Income EXPENSE 7

Nuclear Power Expenses 804 43,103 517 Operation Supervision and Engineering 55,328 6,411 i

6, 519 Coolants and Water 25,992 18,228 520 Steam Expenses 3

523 Electric Expenses 5,226 73,880 524 Miscellaneous Nuclear Power Expenses 87,088

,535 5,992 5,438 525 Rents 528 Maintenance Supervision and Engineering 17,121 12,536 529 Maintenance of Structures 11,678 7,684 530 Maintenance of Reactor Plant Equipment 46,785 46,603 531 Maintenance of Electric Plant 38,018 38,010 532 Maintenance of Miscellaneous Nuclear Plant 1,305 736 Transmission Expenses 17 180 560 Operation Supervision and Engineering 562 Station Expenses 2,175 1,857 i

566 Miscellaneous Transmission Expenses 329 440 0

43 568 Maintenance Supervision and Engineering 0

1 569 Maintenance of Structures 464 1,018 570 Maintenance of Station Equipment Administrative and General Expenses 920 Salaries and wages 10,717 11,442 921 Office supplies and expenses 4,846 6,437 922 Administrative expense transferred-credit 0

0 923 Outside services employed 3,556 1,857 9,279 10,459 924 Property insurance 1,686 1,754 925 Injuries and damages 926 Employee pensions and benefits 12,972 16,553 45 2

928 Regulatory commission expense 0

0 930.1 General advertising expenses 641 540 930.2 Miscellaneous general expenses 4,224 3,920 931 Rents 932 Maintenance of structures and equipment 986 476 All other expenses 544 442 403 Depreciation and amortization expense 408 Taxes other than income taxes 7,830 6,723 2,955 (940) 409 Income taxes 410 Provision for deferred income taxes 12 842 411 Provision for deferred income taxes-credit (1,663)

(1,014)

(59 (59) 112) 411.5 Investment tax credit 15 426.1 Donations 426.5 Other deductions 1,048 458 427 Interest on long. term debt 1,252 1,255 43G Interest on debt to associate companies 160 42 371 346 431 Other interest expense Total Expense 365,836 321,253 Net Income

$2,124

$2,151

]

l 20-1 i

1 i

ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended Dacember 31, 1992 ANALYSIS OF BILLING ASSOCIATE COMPANIES ACCOUNT 457 DIRECT INDIRECT COMPENSATION-TOTAL

/

COSTS COS'IS FOR USE AMOUNT NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED (Thousands of Dollars) 457 1 457-2 457-3

)

The Connecticut Light and Power Company

$262,267

$2,881

$265.,148 Western Massachusetts Electric Company 61,320 676 61,996 Public Service Company of New Hampshire (became an associate company on June 5,1992) 1,924 1,924 TOTAL

$325,511

$0

$3,557

$329,068 i

a p

t f !

P

?

6 i

L t

r ANNUAL REPORT OF NORTHEAST NUCLEAR. ENERGY COMPANY 7

For the Year Ended December 31, 1992 ANALYSIS OF BILLING NONASSOCIATE COMPANIES ACCOUNT 458 DIRECT INDIRECT COMPENSATION EXCESS TOTAL COSTS COSTS FOR USE TOTAL OR AMOUNT NAME OF NONASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL COSTS DEFICIENCY BILLED (Thousands of Dollars) 458 1 458-2 458 3 458-4 Connecticut Yankee Atomic Fower Company

$409 S409

$409 Central Maine Power Company 2,839 2,839 2,839 Central Vermont Public Service 1,981 1,981 1,981 Montaup Electric Co.

4,559 4,559 4.,559 New England Power Co.

13,941 13,941 13,941 United Illuminating Company 4,185 4,185 4,185 Fitchburg Gas & Electric Co.

249 249 249 Chicopee Municipal Electric 1,577 1,577 1,577 Massachusetts Municipal Wholesale 5,576 5,576 5,576 Lymdonville Electric Department 57 57 57 Connecticut Municipal Electric Coop 1,253 1,253 1,253 Vermont Electric Cen & Trans.

407 407 407 Public Service Co. of New Hampshire (Prior to merger with Northeast Utilities) 1,324 1,324 1,324

$38,357

$0

$0

$38,357

$0 $38,357 INSTRUCTIONS: Provide a brief description of the services rendered to each nonassociate company:

The Company acts as agent in operating Millstone Unit 3 for the nonassociate companies.

22-

+

ANNUAL CEP0GT OF CORTHE AST NUCLE AQ ECERGY COMPACY For the Year Ended December 31, 1992 SCHEDULE XVI ANALYSl$ OF CHARGES FOR SERVICE ASSOCIATE AND NONASSOCIATE COMPANIES ASSOCIATE COMPANY CHARGES NOMASSOCI ATE COMPANY CHARGES TOTAL CMARGES FOR SERVICE ACCOUNT DIRECT INDIRECT DIRECT INDIRECT DIRECT INDIRECT NUMBER DESCR COST COST TOTAL COST CCST TOTAL COST COST TOTAL

.......................IPTION 0F ITEMS....................................................................................................................................

(Thousards of Dotters) 199 SO 199 555,804 S0

$55,804 Nuclear Power Empenses

$17 OPERAT104 SUPERVISION AND ENGINEERING S49,605 SO S49,605

$6,841 56,841 5

0 6 328 0

6 328 23,487 519 CODLANTS AND WATER 5 487 0

4,966 2,026 0

2,026 25,,992 0

25,,992 520 STEAM EXPENSES 23,,966 0

5 0

5 226 87,226 563 663 0

663 523 EttCTRIC EXPENSES 4 563 0

0 87,088 5,088 77,,381 156 9,932 0

9,932 77,,381 156 0

0 5,

524 MISCELLANEDUS NUCLEAR POWER EXPENSES 17,992 17,,992 5

611 0

611 5

0 121 0

121 525 RENTS 15,491 0

15,491 1,630 0

1,610 1

0 1 387 11,678 0

528 MAINTENANCE SLFERVis104 AND ENGINEERING 46,678 11 530 MAINTENANCE OF REACTOR PLANT EQUIPMENT 44,469 0

44,,469 2,387 529 MAINTENANCE OF STPUCTURES 10,291 0

10 291 531 MAINTENANCE OF ELECTRIC PLANT 35,374 0

35,374 2,, 644 0

2,,644 46,,018 316 0

2,316 785 0

785 0

38,,018 38,305 1,

0 1,305 532 MAINTENANCE OF MISCELLANEDUS WUCLEAR PLANT 1,153 0

1,153 152 0

152 560 OPERATION $UPERVISION AND ENGINEERING 14 0

14 3

0 3

17 0

17 Transmission Enrnses 103 0

103 2,072 0

2,072 2,329 2,329 1 75 0

1 75 0

562 STAfl0N EXPENSES 566 MISCELLANEDUS TRANSMISSION EXPENSES 286 0

286 43 0

43 568 MAINTENANCE SUPERVISION AND ENGINEERING 0

0 0

0 0

0 0

0 0

569 MAINitN ANCE CF STPUCTURES 0

0 0

0 0

0 0

0 0

570 MAINTENANCE OF STPTION EQUIPMENT 409 0

409 55 0

55 464 0

464 B

0 8,866 1,851 0

1,851 10,717 0

10,717 Administrative and General Expenses 920 SALARIES AND WAGES 4,866

,151 0

4,151 695 0

695 4, 846 0

4,846 922 ADMINISTR ATlvE EXPENSE TRANSFERRED-CREDIT C

0 0

0 0

0 0

0 0

921 0FFICE SUPPLIES AND EXPENSES I

923 OUTSIDE SERVICES EM9t0YED 3,253 0

3,253 303 0

303 3 556 0

3,556 bJ 924 PROPERTY INSURANCE 8,201 0

8,201 1,078 0

1,078 9,,2 79 0

9,279 1

0 1 686 12,686 1

0 1

240 0

240 11,,446 11,446

,072 0

12,,972 LJ 925 INJURIES AND D4 MAGES 387 0

,387 1,585 0

1,585 928 REGULATORY COMMISSION EXPENSE 36 0

36 9

0 9

45 0

45 8

926 EMPLOYEE PENSI045 AND BENEFITS 930.1 GENER AL ADVERTISING EXPENSES 0

0 0

0 0

0 0

0 0

930.2 MISCELLANEDUS GENERAL EXPENSES 560 0

560 81 0

81 641 0

641 224 0

224 4,986 4,986 931 RENTS 3,663 0

3,663 561 0

561 0

932 MAINTENANCE OF STRUCTURES AND EQUIPMENT B62 0

862 124 0

124 0

0 403 DEPRECIAfl0N AND AMORTI2ATION EXPENSES 400 0

400 144 o

144 544 0

544 All other espnses 830 0

7,830 822 1,008 0

1,008 7,955 6,955 408 TAXES diker THAN INCOME TAXES 6,822 0

0 0

0 0

2,955 2, 12 2, 12 409 INCOME TAXES 2,955 0

0 0

0 0

12 410 PROVISION FOR DEFERRED INCOME TAXES 12 0

411 PROVISION FOR DEFERRED INCOME TAXES. CREDIT (1,663) 0 (1,663) 0 0

0 (1,663) 0 (1,663) 411.5 INVESTMENT TAM CRE0li (59) 0 (59) 0 0

0 (59) 0 (59) 92 0

92 20 0

20 112 0

112-969 0

969 79 0

79 1,048 0

t,048 426.1 004AT1045 427 INTEREST 04 LONG-TERM DEBTS 0

0 0

0 0

0 0

0 0

426,5 OTHER DEDUCTIONS 430 INTEREST 04 DEBT TO ASSOCIATE COMPANIES 0

0 0

0 0

0 0

0 0

431 OTHER INTEREST EXPENSE 344 0

344 6

0 6

350 0

350 hhbbkh b

hhb,bkh h8,hhk b

h8hh8 hbkkbh b

bbk,koh SUBTOTAL EXPENSES =

427 INTEREST ON LONG. TERM DEBTS 1,252 0

1,252 COMPENSATION FOR USE OF EQUITY CAPITALS 160 0

160 430 INTEREST ON DEBT TO ASSOCIATE COMPANIES 21 0

21 431 OTHER INTEREST EXPENSE TOTAL EXPENSES =

327,478 38,358 365(836 535) 421 MISCFLLANEOUS INCOME. CRE0lf (534) 0 (534)

(1) 0 (1)

(535) 0 2,124 2,124 NET INCOME S325,511 SO S329,068 S38,357

$0 S38,357 S363,868 SO S367,425

=================================================================

TOTAL COST OF SERVICE =

Total cost of service will equel for essociate and nonassociate companies the total amount billed under their separate snelysis INSTRUCTION:

of billing schedules.

-. ~..

ANNUAL REPC.1T OF NORTELAST NUCLEAR EhTEGY COMTANY Ter tha Yotr Endid Dacombsr 31, 1902 i

SCEEDULE XVII SCEEDULE OF EXTENSE DISTRI6UTION EY

~

EEFARTMENT OR SERVICE TUNCTION

-.........=

1. DEFARTMENT OR SERVICE TUNCTION TOTAL MILLSTONE MIllSTOFE MIllSTOhT ACCOUNT NUMEER DESCRIPTION OF ITINS ROUNT OVUEEAD l' NIT di UNIT d2 UNIT #3

- = - _. _ -

(thousands of Dollars)

Nuclear Power Espanses

$17 OPERATIL1s SUPERVISION AND ENGIhTERING

$i5,804

$0 18,774 18,264 18,766 519 COOLANTS ANL WATER 6,328 0

1,711 2,0B0 2,537 520 STEAM EXTENSES 25,992 0

9,197 10,678 6,117 527 ELECTRIC EXPENIES 5,226 0

1,681 1,544 2,001 524 MISCEL1ANEOUS NUCLEAR POWER EXTENSES 87,068 0

26,556 30,160 30,372 5,992 S

1,413 1,427 3,152 525 RENTS 528 MAINTENANCE SUFERVIERN AND ENGINEERING 17,121 0

4,679 7,514 4,928 529 MAINTENANCE OF STRUCTURES 11,678 0

3,305 4,509 3,664 530 MAINTEMANCE OF REACTOR TLANT IQUIPMENT 46,785 0

6,029 33,717 7,039 531 MAINTENANCE OF ELECTRIC TLANT 38,018 0

6,444 23,593 7,981 532 MAINTENANCE OF MISCELLANEOUS NUCLEAR FLANI 1,305 0

420 421 464 Transmission Expenses 560 CPERATION SUPERVISION AND ENGINEERING 17 0

3 3

11 562 STATION EXFENSES 2,175 0

0 0

2,175 566 MISCELLANEOUS TRANSMISSION EXTENSES 329 0

97 104 128 0

0 0

0 0

568 MAINTENANCE SUFERVISION AND ENGINEERING 0

0 0

0 0

569 MAINTENANCE OF STRUCTURES 464 0

132 167 165 570 MAINTENANCE OT STATION EQUIPMENT A2ninistrative and General Expenses 920 SALARIES AND WAGES 10,717 0

2,497 2,663 5,557 921 OTTICE SUFPLIES AND EXTENSES 4,846 0

1,407 1,345 2,094 922 ADMINISTRATIVE EXFINSE TRANSTERRED-CREDIT C

0 0

0 0

923 OUTSIDE SERVICES DELOYED 3,556 0

1.028 1,602 976 924 TROTERTY INSURANCE 9,279 0

2,294 3,366 3,599 925 INJURIES AND DAMAGES 1,686 0

464 497 725 926 D'.PLOYEE TENSIONS AND EENETITS 12,972 0

4,204 3,994 4,774 l

45 0

9 9

27 928 REGULATORY COm!SSION EXTENSE 0

0 0

0 0

930.1 GENEF1.L ADVERTIS!NG EXPENSES 641 0

199 197 245 930.2 MISCELLAhTOUS GENDJ.L EXPENSES 4,224 0

1,317 1,211 1,6S6 931 RENTS 932 MAINTENANCE OF STRUCTURES AND EQUIPMENT 986 0

322 289 375 All other expenses 403 DEITICIATION AND A?ORTIZATION EKFENEES 544 0

202 All 231 408 TAXIS O!EER TEAN INCOME TAXES 7.830 0

2,478 2,401 2,951 409 INCOME TAXES 2,955 0

1,477 1,478 0

12 0

6 6

0 410 TROVISION FOR CITERRID TNCatE TAXES 411 FROVISION FOR DETERRED INCOE TAXES-CREDIT (1,663) 0 (632)

(831)

D (59) 0 (29)

(30) 0 411.5 INVESTMENT TAX CREDIT 112 0

23 25 64 426.1 DONATIONS 426.5 O!EER DEDUCTIONS 1,048 0

51 793 204 427 INTEREST ON LONG-TERM DESTS 1,252 1,252 0

0 0

430 IN*DIST ON DEET TO ASSOCIATE COMIANIES 160 160 0

0 0

371 21 165 166 19 431 OTEER INTEREET EXTENSE TOTAL EXPENSES =

$365,836 31,433

$97,723

$153,493 2113,187 Indicate each department or service function. (See Instruction 01-3 INSTRUCTIONS:

General Structure of Accounting System: Uniform System of Acccunts) 1,

i

em ANNUAL REPORT OF NORTHEAST NUCIIAR ENERGY COMPANY For the Year Ended December 31, 1992 SCHEDULE XVII KEYS FOR SERVICE FUNCTIONS KEYS SERVICE FUNCTION The individual generating units for which NNECO provides service are listed separately on Page 24.

?

i i

i

n=

7 ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPA!N For tha Year Endad Dacembar 31, 1992 i

DEPARTMENTAL ANALYSIS OF SALARIES r

f DEPARTMESTAL SAINLY EXPENSE NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO NUMBER OF

....................................... PERSONNEL i

Indicate each dept.

TOTAL PARENT OTHER NON END i

or service function.

AMOUNT COMPANY ASSOCIATES ASSOCIATES OF YEAR (Thousands of Dollars)

MILLSTONE UNIT #1

$15,274

$0

$15,274

$0 259 MILLSTONE UNIT w2 19,225 0

19,225 0

293 MILLSTONE UNIT #3 19,219 0

12,854 6,365 328

$53,718

$0

$47,353

$6,365 880 Y

t t

t 5

L 26 1

l 1

3 ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31,-1992~

DUTSIDE SERVICES EMPLOYED l

INSTRUCTIONS: Provide a breakdown by subsecount of outside services employed. If the aggregate amounts paid to any one payee and included within one subaccount is less than '

l

$25.000, only the aggregate number and amount of all such payments included within ~

the subaccount need be shown. Provide a subtotal for each type of service, i

RELATIDNSHIP "A"-ASSDCIATE

• NA"-NON j

FROM WHDH PURCHASED ADDRESS ASSDCIATE. AMOUNT l

I (Thwands' of Dollais)

[

LEGAL SERVICES DAY BERRY & #CVARD CITYPLACE hA

$45

=!

HARTFORD CT 05103 i

JOSEPH GALLD BBB 16TH STREET NW SUITE SOD NA 31' i

WASHINGTON DC 20006 l

1 NEWMAN & HDLTZINGER PC-1615 L STREET NORTH VEST-NA BS3.

WASHINGTON DC 20036 i

IELDES NEEDLE & COOPER 1000 LAFAYETTE BOULEVARD NA 65-

~'

BRIDGEPORT CT 05501 WINSTON & STRAVN-1400 L STREET NORTH VEST NA 1,372 WASHINGTON DC 20005 l

j TDTAL LEGAL SERVICES

$2,376' q

SECURITY SERVICES

.j BURNS INTERNAT10NAL SECURITY SERVICES 386 MAIN STREET NA

$10,518 MIDDLETDWN CT D6457 l]

TOTAL SECURITY SERV!CES

$10,518

}

-1 ENG!hEERING SERVICES l

j ABB POVER SYSTEMS ENERGY SERVICES INC P O BOX 905485 NA

$571 i

CHARLOTTE NC 2B290 ADDITIONAL TECHNICAL SUPPORT INC P O BOX 4410 NA

$6 BOSTON MA 02211 AETC P O BOX 12207 NA 39 NEWARK NJ 07101 ABB COMBUSTION ENGINEERING SERVICES P O BOX 100461 NA 306 ATLANTA GA 303B4 BARTLETT NUCLEAR INCORPORATED 6D ]NDUSTRIAL PARK ROAD NA 2.677 j

PLYMOUTH MA 0230D t

-i !

6 i

1 4

~

i '* L ANNUAL REPORT OF NDRTHEAST NUCLEAR ENERGY COMPANY.

}

'I For the Yzar Ended December 31, 1992 l

OUTSIDE SERVICES EMPLOYED 5

INSTRUCT 1DNS: Provide a breakdown by subaccount of outside services employed. If the aggregate

~f amounts paid to any one payee and included within one subaccount is less than

_ [

$25,000, only the aggregate neber and amount of all such payments included within j

the subaccount need be shown. Provide a subtotal for each type of service.

RELATIONSHIP "A"-ASSDCIATE, i

• NA* NDN

'{

FRDM VHDM PURCHASED ADDRESS ASSOCIATE AMDUNT t

f (Thousands l

of Dollars)

CATARACT INCORPORATED P O BOX 41660 NA 927 PHILADELPHIA FA 19101

[

I CRAMER A LINDELL ENGINEERS INCORPORATED 277 WEST MAIN STREET NA 237 NIANilt CT 06357 COMBUSTION ENGINEERING P O BOX 13702 NA

-177 j

NEWARK kJ 07188 I'

EBASCO SERVICES INCORPORATED P O BOX 7247 8830 NA

$9 PHILADELPHIA PA 19170 f

ERIN ENGINEERING & RESEARCH INC 2175 NDRTH CALIFORNIA BLVD NA 30 -

WALNUT CREEK CA 94596 l

INTERSTATE NUCLEAR SERVICES CORP P O BOX 600 NA 44 WILMINGTON MA 01887 i

TELEDYNE ISDTOPES 50 VAN BUREN AVENUE MA 29 i

VESTWD0D NJ 07675 MARINER ENGINEERING INCORPORATED 180 WESTBRDOK RDAD BLD 2 NA -

435 ESSEX CT 05426 I

q NEW ENGLAND MECHANICAL SERVICES INC 277 VEST MAIN STREET NA 166 NIANTlc CT 06357 i

NUCDN

$9 BARTHDLOMEV RDAD NA 267 NIDDLETOWN CT 06457 NUFAC SERVICE INCDRPORATED 2010 SDUTH 336TH STREET SUITE 220 kA 103 FEDERAL WAY VA 9*D03 NPS ENERGY SERVICES INCORPORATED P O BOX 100833 NA 1.673 i

ATLANTA GA 3D384 l

PERFDRMANCE CDNTRACTING INCORPORATED P O BDX 60807 NA 183 CHARLOTTE NC 28260 l

l PERFORMANCE ASSDCIATES INCORPDRATED 97-68L WEST MAIN STREET NA 224 N! ANTIC CT 06357 QUADREX ENVIRONMENTAL COMPANY P O BOX 620000 NA 1.016 ORLANDD FL 32891

-27A-i t

ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY l

-i Fcr the Yaar Ended Decembsr 31, 1992' i

7 i

OUTSIDE SERVICES EMPLOYED

-l 1

INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed, if the aggregate l

amounts paid to any one payee and included within one subaccount is less than l

. $25,000, only the aggregate number and amount of all such payments included within l

the subaccount need be shown. Provide a subtotal for each type of service.

I

' RELATIONSHIP I

"A"-ASSDCIATE i

"NA"-NON

.l FROH VHOM PURCHASED ADDRESS ASSDCIATE AMOUNT i

(Thousands-of Dollars)

NUCLEAR SUPPORT SERVICES INCORPORATED P O BOX I?750 NA 31 i

PHILADELPHIA FA 19101 NUCLEAR ENERGY SERVICES INCORPORATED P O BCX 75475 NA 154 CHARLOTTE NC 28275 SOFTAIDE SERVICES 2254 $1LAS DEANE HIGHWAY NA 95 ROCKY HILL CT 06067 TMA NDRCAL DRAVER CS BOX 100546 NA 77 ATLANTA GA 303B4 PLYMDUTH DIV;R$1FIED 676 STATE ROAD NA

~78' l

VHITE HDRSE BEACH MA 02381

~!

REMOTE SYSTEMS 2FRVICES INCORPORATED 45D DAK GROVE PARKWAY NA 54-VADNAls HEIGHTS MN 55127 ~

l SCIENTIFIC ECDLOGY GRDUP aNCORPORATED P O BCX 65933

.NA 322 CHARLOTTE NC 28255' i

VESTINSHOUSE RAD 0 LOGICAL SERllCES P O BOX 65933

'NA 160 CHARLOTTE NC 28265 SONALYSTS INCORPORATED

.P O BOX 280 NA 385 j

WATERFORD CT 06385 STONE & VEBSTER ENGINEERING CORPORATION 245 SUMMER STREET NA 185

.l BDSTON MA 02107

-i YOUNG INTERNATIONAL INCORPORATED 435 COTTAGE STREET.

NA 41 j

SPRINGFIELD MA 01104

.l WESTINGHOUSE ELECTRIC CORPORATION P O BOX 340172P NA 206 1

PITTSBURGH PA 15264 l

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.I TOTAL ENGINEERING SERVICES

$11,004

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ANNUAL REPORT OF NDRTHEAST NUCLEAR EhERGY CDMPANY l

For the Year Ended December 31, 1992 CUTSIDE SERVICES EMPLOYED INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If the aggregate amounts paid to any one payee and included within one subaccount is less than

$25,000, only the aggregate number and amount of all such payments included within the subaccount need be shown. Provide a subtotal for each type of service.

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RELATIONSHIP

• A"-ASSOCIATE "NA"-NON FRDM VHOM PURCHASED ADDRESS AS$DCIATE AMOUNT (Thousands of Dollars)

OTHER SERVICES kRGDINDUSTRIALINCORPDRATED 140 FRANKLIN STREET NA

$89 NEW YDRK NY 10013 BLC CORPORATION P O BOX 7247 8687 hA 140 PHILADELPHIA PA 19170 BLACKBURN JANITOR]AL 1495 KARTFORD TURNPIKI hA 57 CAKDALE CT 0537D CHEM NUCLEAR SYSTEMS ]NCORPORATED 140 ST0hE RIDGE DRIVE NA 4.004 CHARLOTTE NC 29210 CANBERRA INDUSTRIES INCORFORATED P O BCX 30047 NA 76 KARTFORD CT 05150 CDOPERHEAT P O BOX 11643 NA 28 NEVARK NJ 07101 DAMON CLINICAL LAB E2 VILSON WAY NA 28 VESTWDDD KA 02090 DIVIN3 SERVICES INCORPORATED P O BCX 40000 DEPT 357 NA 106 HARTFORD CT 06151 DIFFLEY ASSDCIATES INCORPCRATED 129 SAMSDN RDCK DRIVE SUITE 4 NA 39 KA0]$0N CT 00443 LASTERN DESIGN CDMFANY INCORPORATED P O BCX 18134 NA 25 NEWARK kJ 07191 DIGITAL EQUIPMENT CDRPDRTION P O BOX 1685 NA 622 BDSTON KA 02211 HEALTH RESDURCES P O BCX 26 hA 728 EAST BERLIN CT 06023 C N FLAGG PDVER INCORPORATED P O BOX 100833 kA B39 ATLANTA GA 303E4 INTERLEAF INCORPORATED D 3051 NA 100 BDSTON KA 02241

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY l

i For the Ytar' Ended December 31, 1992 OUTSIDE SERVICES EMPLOYED

.y J

s INSTRUCTIONS: Provide a breakdown 'by subaccount of outside services employed. If the aggregate -

F amounts paid to any one payee and included within one subaccount is less than

$25,000, only the aggregate number and amount of all such payments included within the subsecount need be shown. Provide a subtotal for mach type of service.

l RELATIONSHIP "A"-AS$0CIATE "NA"-NON

t FROM WHOM PURCHASED ADDRES$

A$$0CIATE AMOUNT

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-j (Thousands of Dollars)

LEADERSHIP AND LEARNING INCORPORATED 99 SCH00L STREET NA.

52

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WESTON MA 02193 l

LYME MEDICAL ASSOCIATF.S

.B1 KALL$ ROAD

- hA B1 OLD LYME CT 06371 i

I MANPOWER INCORPORATED P O BOX 7247-0208 NA 933 '

f PHILADELPHIA FA 19170

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$HORELINE EYE GROUP PC 741 BROAD STREET EXTENSION kA

. 29 -

WATERFORD CT 06385 i

H KREVIT & COMPANY INCORPORATED P O BCX 9433 NA 46 NEW HAVEN CT 06534 DLSTEN P O BCX 1091

- NA 168 WESTSURY NY 11590 NATIONAL FIRE AND MEDICAL SERVICES INC 20 PERRY AVENUE NA 3.285 i

BUZZARDS BAY MA 02532

'l RLE SOFTWARE ENGINEERING INCORPORATED. 1333 NE 39TH STREET NA 50 PDMPAND BEACH FL 33064-t P & 1 CONSULTING CD OP LTD 1699 WALL STREET SUITE 105 NA 218 f

MT PROSPECT IL 60056

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'f PROTO POWER CORPORATION P O BOX 350006 kA 128 l

BOSTON MA 02241

$MITHKLINE BEECHAM LABORATORIES P O BCX 101828

. NA 155 ATLANTA GA 30392

-[

SOUTHEASTERN PULMONARY ASSOCIATES 155 MONTAUK AVENUE NA 60 I

NEV LONDON CT 06320 THOMA$ YOUNG A550CIATE5 INCORPORATED 617 MILL STREET NA 44

}

MARION MA 02738 s;

SOUTHERN NEW ENGLAND TELEPHONE COMPANY P O BOX 1861' NA 397 NEV HAVEN CT 06508

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ANNUAL REPDRT OF NORTHEAST NUCLEAR ENERGY COMPANY -

- For the Year Ended December 31. 1992 w.

DUTSIDE SERVICES EMPLOYED INSTRUCTIONS: Provide a breakdown by subaccount' of outside services employed. If the aggregate -

amounts paid to any one payee and included within one subaccount is.less than

$25,000, only the aggregate number and amount of all such payments included within the subaccount need be shown. Provide a subtotal for each type of service.

RELATIDNSHIP

• A*-ASSDCIATE

• NA*-NDN FROM WHDH PURCHASED ADDRESS ASSDCIATE AMDUNT.

(Thousands-ofDollars)

CDNPUTER HDRIZONS CORPORATIDN P O BCX 10557 NA 59 NEVARK NJ 07193 MISCELLAv!!VS (347 FAYEES)

NA 1.163 TOTAL OTHER !ERVICES

$13,749 NORTHEAST UTIL11TES SERVICE CDMPANY PO BOX 270 A

$12,387 (Supplies centralized accounting, HARTFORD CT 05141

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administrative, data processing, engineering, financial, legal, operational, planning, purchasing and other services.)

GRAND TOTAL

$50,034

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ANNUAL REPORT OF NORTHEAST hTCLEAR ENERGY COMPANUY 4

For the Year Ended December 31, 1992 EMPLOYEE PENSIONS AND BENEFITS ACCOUNT 926 INSTRUCTIONS: Provide a listing of each pension plan and benefit program provided by the service company. Such listing should be limited to $25,000.

DESCRIPTION AMDUNT (Thousands of Dollars)

Pensior. Plan

$2,976 Supplomental Retirement and Savings Plan 2,341 Croup Life, Long-term Disability, Hospital and Medical Insurance Expenses 7,110 Educational Activities 137 Consulting Expenses 106 Employee Relocation Expenses 60 Cafeteria Expenses 49 System Newspaper 28-Other Employee Benefits Expenses 165 TOTAL

$12,972 i

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY-i i

For the Year Ended December 31. 1992 I

CENERAL ADVERTISING EXPENSES t

ACCOUNT 930.1 INSTRUCTIONS: Pravide a listing of the amount included in Account 930.1,

" General Advertising Expenses," classifying the-items according to the nature of the advertising and.as defined-in the account definition.' If a particular class ft includes an' amount in excess of $3,000 applicable to^a single payee, show separately the name of the payee and 4

the aggregate amount applicable thereto.

1 DESCRIPTION NAME OF PAYEE AMOUNT-1 (Thousands of Dollars) s E

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. TOTAL I

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• ANhTAL REPORT OF NORTHEAST hTCLEAR ENERGY COMPANY For tha Year Ended Dsccmbar 31, 1992 MISCELIANEOUS GENERAL EXPENSES ACCOUNT 930.2 INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,

" Miscellaneous General Expenses," classifying such expense according to their nature. Payments and expenses permitted by Sections 321(b)(2) of the Federal Election Campaign Act as amended by Public Law 94 283 in 1976 (2 U.S.C.

6441(b)(2)) shall be separately classified.

DESCRIPTION AMOUNT (Thousands of Dollars)

Industry association dues

$2 Recruitment expenses 20 Services billed from Northeast Utilities Service Company (an associate company) 614 Other miscellaneous expenses (6 items) 5 TOTAL

$641 1

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s ANNUAL REPORT OF NORTHEAST WUCLEAR ENERGY COMPANY 4

For the Year Ended December 31, 1992 i

RENTS l

INSTRUCTIONS:

Provide a listing of the amount included in Account 931,

" Rents," classifying such expenses by major groupings of property, as defined in the account definition of the Uniform System of Accounts.

t TYPE OF PROPERTY AMOUNT l

(Thousands of Dollars)

Buildings / office space

$1,215 Computer / office equipment 597 Vehicles 259 i

t Simulator 4,458 Services billed from Northeast Utilities Service Company (an associate company) 5,955 1

TOTAL

$12,484 F

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4 ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY 4 -,

For the Year Ended December 31, 1992 TAXES OTHER THAN INCOME TAXES ACCOUNT 408 i

2 INSTRUCTIONS: Provide an analysis of Account 408, " Taxes Other Than income Taxes.* Separate the analysis into two groups:

(1)0ther than U.S. Government taxes, and (2) U.S.

Government taxes. Specify each of the various kinds of l

taxes and show the amounts thereof Provide a subtotal for each class of tax.

1 KIND OF TAX AMOUNT 1

(Thousands of Dollars) l k

(1) Other Than U.S. Government Taxes:

Connecticut Unemployment

$249 Massachusetts Unemployment 11 j

Massachusetts Universal Health Tax 1

l Local property 901 l

Sub-Total

.1.162 t

(2) U.S. Government Taxes:

Federal Insurance Contribution Act 5,160 Medicare Tax 1,396 Federal Unemployment 100 Federal Excise 12 Sub-Total 6,668 TOTAL 7,830 9

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A!M1AL PIPORT OF NORIMEAST NUCLEAR D'DtCY (EMPA!N For the Year Ended Deced:ar 31, 1992 Dat' TIotG A

AOCCET 426.1 INSTEUCTIONS: Provide a listing of the amount included in Account 426.1, " Donations,"

classifying such expenses by its purpose. The aggre5 ate naber ard anount of all items of less than $3,000 cay be shcr.m in lieu of derails.

NAME OF RECIPIST PLRPOSE OF Dat' TICN AMJU!C A

(7hous. rds of Dollars)

Thames Science Center Charitable contribution and educational grant

$5 United k'ay of Southeastern Connecticut Charitable contribution 4

levrence and Mer:orial Hospital Charitable contribution 3

Services billed frecn Northeast Utilities Service Cocpany (an associate company) 90 Miscellaneous (39 payees) 10 IUTAL

$112 1

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. ANNUAL REPORT OF NORTHEAST NUCLEAR ENERCY COMPANY' For tha Yser End d D2ccabar 31, 1992 OTHER DEDUCTIONS ACCOUNT 426.5 INSTRUCTIONS:

Provide a listing of the amount included in Account 426.5, "Other Deductions," classifying such expenses according to their nature.

DESCRIPTION NAliE OF PAYEE AMOUNT (Thousands of Dollars)

Executive incentive compensation plan Various Officers

$5 Services billed from Northeast Utilities Service Company (an associate company) 307-Legal settlements 736 TOTAL

$1,048 r

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~6 ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY For the Year Ended December 31. 1992 SCHEDULE IVIII NOTES TO STATEMENT OF INCOME INSTRUCTIONS: The space below is provided for important notes regarding the statement of income or any account thereof. Furnish particulars as to any significant increases in services rendered or expenses incurred during the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by refer-ence.

See Notes to Financial Statements on pages 19 through 19D.

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY

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ORGANIZATION CHART (AS OF DECEMBER 31, 1992) t Executive Vice President-Nuclear Vice President-Millstone Station t

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Nuclear Nuclear Nuclear Director Director Director (Unit #1)

(Unit #2)

(Unit #3)_

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NORTHEAST NUCLEAR ENERGY COMPAhT METHODS OF ALLOCATION For the year ended Deceiber 31, 1992 The costs associatrd with the three Millstone units are billed either directly or are allocated on the basis of one third to each unit. If Millstone Unit 3 is not part of the allocation, then the allocated costs to Millstone 1 and 2 are on the basis of one-half to each of the two units, t

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4-j ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY i

ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED

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The following annual statement was supplied to each associate company in support of the amount of compensation for use of capital billed during 1992:

)

In accordance with Instruction 01-12 of the Securities and i

Exchange Commission's Uniform System of Accounts for Mutual

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Service Companies and Subsidiary Service Companies, Northeast i

Nuclear Energy Company submits the following information on the billing of interest on borrowed funds and a return on equity capital to associated companies for the year 1992:

(A) Amount of compensation for use of capital billed to (See Note)

(B) The basis for billing of interest and return on equity capital to the associated companies is based on the percentage ownership of the individual units.

t NOTE:

For the associate companies and amounts, see " Analysis of Billing -

Associate Companies" on page 21.

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ANNUAL REPORT OF NORTHEAST NUCLEAR ENERGY COMPANY

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SIGNATURE CLAUSE i

9 Pursuant to the requirements of the Public Utility Holding Company Act of 1935 and the rules and regulations of the Securities and Exchange Commission issued thereunder, the undersigned company has duly caused this report to be signed on its behalf by the undersigned oMice thereunto duly authorized.

NORTHEAST NUCLEAR ENERGY COMPANY (Name of Reporting Company)

By:

/s/ John W. Noyes (Signature of Signing Officer)

Date: April 27.1993 John W. Noves - Vice President and Controller (Printed Name and Title of Signing Officer)

,