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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000072741-01-000056.txt : 20010321
<SEC-HEADER>0000072741-01-000056.hdr.sgml : 20010321
ACCESSION NUMBER:		0000072741-01-000056
CONFORMED SUBMISSION TYPE:	POS AMC
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20010320

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORTHEAST UTILITIES SYSTEM
		CENTRAL INDEX KEY:			0000072741
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				042147929
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		POS AMC
		SEC ACT:		
		SEC FILE NUMBER:	070-09697
		FILM NUMBER:		1572557

	BUSINESS ADDRESS:	
		STREET 1:		174 BRUSH HILL AVE
		CITY:			WEST SPRINGFIELD
		STATE:			MA
		ZIP:			01090-0010
		BUSINESS PHONE:		4137855871

	MAIL ADDRESS:	
		STREET 1:		107 SELDON ST
		CITY:			BERLIN
		STATE:			CT
		ZIP:			06037-1616
</SEC-HEADER>
<DOCUMENT>
<TYPE>POS AMC
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>POST-EFFECTIVE AMENDMENT TO FORM U-1
<TEXT>




                                                              FILE NO. 70-9697



                    SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                     POST-EFFECTIVE AMENDMENT NO. 3
                              (FORM POS AMC)
                                    TO
                                 FORM U-1
                  APPLICATION/DECLARATION UNDER THE
             PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
          WITH RESPECT TO THE ISSUANCE OF RATE REDUCTION BONDS
                       AND RELATED TRANSACTIONS



The Connecticut Light             Western Massachusetts Electric Company
 and Power Company                174 Brush Hill Avenue
107 Selden Street                 West Springfield, MA 01090
Berlin, CT 06037


                Public Service Company of New Hampshire
                           1000 Elm Street
                         Manchester, NH 03101

(Names of companies filing this statement and addresses of principal
executive offices)

                           NORTHEAST UTILITIES

               (Name of top registered holding company)

                           Cheryl W. Grise'
          Senior Vice President, Secretary and General Counsel
                   Northeast Utilities Service Company
                          107 Selden Street
                           Berlin, CT 06037
                (Name and address of agent for service)


The Commission is requested to mail signed copies of all orders, notices
                       and communications to:

Jeffrey C. Miller, Esq.                     Randy A. Shoop
Assistant General Counsel                   Assistant Treasurer - Finance
Northeast Utilities Service Company         Northeast Utilities Service Company
P.O. Box 270                                P.O. Box 270
Hartford, CT 06141-0270                     Hartford, CT 06141-0270


                             Richard J. Wasserman, Esq.
                             Day, Berry & Howard LLP
                             CityPlace I
                             Hartford, CT 06103-3499

The Application-Declaration in this File No. 70-9697 as heretofore amended is
hereby further amended by filing the following exhibit and amending Item 6(b)
accordingly:

ITEM 6 Exhibits

K. Common Equity Ratios


SIGNATURES

Pursuant to the requirements of the Public Utility Holding Company Act of
1935, as amended, the undersigned companies have duly caused this statement
to be signed on their behalf by the undersigned thereunto duly authorized.




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 above named companies.

Date:  March 19, 2001

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>0002.txt
<DESCRIPTION>CAPITALIZATION RATES - NU CONSOLIDATED
<TEXT>


                              SEC 30% Test
                  Capitalization Rates - NU Consolidated
                        As of September 30, 2000

                                     Exhibit K


                                        Per Book         Pro Forma

Capitalization:
  Common stock:                          743,480          596,421
  Capital surplus, paid in             1,094,996          741,275
  Deferred contribution plan -
    employee stock ownership plan       (118,554)        (118,554)
  Retained earnings                      691,164          639,348
  Accumulated other
    comprehensive income                   2,699            2,699
     Total Common Stockholder's
       Equity                          2,413,785        1,861,189
  Preferred stock not subject to
  mandatory redemption                   136,200          116,200
  Preferred stock subject to
  mandatory redemption                    41,500           -
  Debt
     MIPS                                100,000           -
     Short-Term Debt                   1,127,338          883,819
     Long-Term Debt                    2,556,329        1,735,061
     Rate Reduction Bond Obligation           -         2,230,242
                Total Capitalization   6,375,152        6,776,511

 Capital Structure With Rate Reduction Bond Obligation:
<TABLE>
<CAPTION>

                                     Per Book     Pro Forma        Difference
 <S>                                   <C>         <C>               <C>
 Total Common Stockholder's Equity      37.87%       27.47%          -10.40%
 Total Preferred Stock                   2.79%        1.71%          - 1.07%
 Total Debt (includes Rate Reduction
             Obligation)                59.35%       70.82%           11.47%
                Totals                 100.00%      100.00%            0.00%

 Capital Structure Without Rate Reduction Bond Obligation:

                                      Per Book    Pro Forma        Difference
 Total Common Stockholder's Equity      37.86%       40.94%            3.08%
 Total Preferred Stock                   2.79%        2.56%           -0.23%
 Total Debt (excludes Rate Reduction
 Bond Obligation)                       59.35%       56.51%           -2.84%
                Totals                 100.00%      100.00%            0.00%

</TABLE>



SEC 30% Test
Capitalization Ratios - CL&P
As of September 30, 2000

                                         Per Book        Pro Forma
Capitalization:
  Common stock                            75,849           75,849
  Capital surplus, paid in               412,993          312,993
  Retained earnings                      208,816          247,510
  Accumulated other
    comprehensive income                     802              802
      Total Common Stockholder's Equity  698,460          637,154
  Preferred stock not subject to
   mandatory redemption                  116,200          116,200
  Debt
     MIPS                                100,000               -
    Short-Term Debt                      110,000               -
    Long-term debt                     1,229,615          813,615
    Rate Reduction Bond Obligation                      1,550,242
    Total Capitalization               2,254,275        3,117,211


Capital Structure With Rate Reduction Bond Obligation:

<TABLE>
<CAPTION>

                                        Per Book     Pro Forma       Difference
<S>                                      <C>          <C>               <C>
Total Common Stockholder's Equity          31%          20%             -11%
Total Preferred Stock                       5%           4%              -1%
Total Debt (includes Rate Reduction Bond
Obligation)                                64%          76%              12%
Totals                                    100%         100%               0%

Capital Structure Without Rate Reduction Bond Obligation:

                                         Per Book     Pro Forma      Difference
Total Common Stockholder's Equity          31%          41%             10%
Total Preferred Stock                       5%           7%              2%
Total Debt (excludes Rate Reduction Bond
Obligation)                                64%          52%            -12%
Totals                                    100%         100%              0%

</TABLE>

                                  SEC 30% Test
                         Capitalization Ratios - WMECO
                            As of September 30, 2000

                                        Per Book         Pro Forma
Capitalization:
  Common stock                            14,752           14,752
  Capital surplus, paid in                93,945           72,165
  Retained earnings                       52,223           61,386
  Accumulated other
    comprehensive income                     267              267
    Total Common Stockholder's Equity    161,187          148,570
  Preferred stock not subject to
   mandatory redemption                   20,000               -
  Preferred stock subject to
   mandatory redemption                   16,500            1,500
  Debt
    Short-Term Debt                      126,600          122,348
     Long-term debt                      198,699           98,699
     Rate Reduction Bond Obligation                       155,000
    Total Capitalization                 522,986          526,117



                Capital Structure With Rate Reduction Bond Obligation:

                                        Per Book     Pro Forma      Difference

Total Common Stockholder's Equity          31%          28%            -3%
Total Preferred Stock                       7%           0%            -7%
Total Debt (includes Rate Reduction Bond
Obligation)                                62%          71%             9%
Totals                                    100%         100%             0%

Capital Structure Without Rate Reduction Bond Obligation:

                                        Per Book      Pro Forma     Difference

Total Common Stockholder's Equity          31%          40%             9%
Total Preferred Stock                       7%           0%            -7%
Total Debt (excludes Rate Reduction Bond
Obligation)                                62%          60%            -3%
Totals                                    100%         100%             0%


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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