UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Application of Northeast ) CERTIFICATE PURSUANT TO
Utilities on Form U-1 ) RULE 24 UNDER THE PUBLIC
File No. 70-10051 ) UTILITY HOLDING COMPANY ACT
) of 1935
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Pursuant to the requirements of Rule 24 under the Public
Utility Holding Company Act of 1935, as amended (the "Act"),
Northeast Utilities ("NU") certifies that certain of the
transactions, as proposed in the Application/Declaration (the
"Application") to the Commission on Form U-1 (File No. 70-10051),
as amended, and authorized by order of the Commission in Public
Utility Holding Company Act Release No. 35-27659, dated March
18, 2003, have been carried out in accordance with the terms and
conditions of and for the purposes represented by the Application
and of the Commission's order with respect thereto.
Specifically, on June 3, 2003, NU issued $150 million of its
Senior Notes, Series B, Due 2008 (the "Notes"). The Notes bear an
interest rate of 3.30% per year and were sold to the public through an
underwriting group headed by Morgan Stanley & Co., Incorporated.
The underwriting discount was 0.60% and proceeds to NU were
99.167% of the principal amount.
Proceeds of the Notes were applied to refinance short-term
debt, invest in competitive subsidiaries and other general
corporate purposes.
Submitted with this Certificate is the Second Supplemental
Indenture dated as of June 1, 2003 between NU and The Bank of New
York, as Trustee, under which the Notes were issued.
Exhibits
A-1.3 Second Supplemental Indenture
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, Northeast Utilities has duly caused this
Certificate to be signed on its behalf by the undersigned hereunto duly
authorized.
Northeast Utilities
By: /s/ Randy A. Shoop
Name: Randy A. Shoop
Title: Assistant Treasurer - Finance
Dated: June 6, 2003