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IN RE PUBLIC SERVICE CO. OF NEW HAMPSHIRE

Bankruptcy No. 88-00043.

90 B.R. 575 (1988)

In re PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE, Debtor.

United States Bankruptcy Court, D. New Hampshire.

September 2, 1988.

Attorney(s) appearing for the Case

Don Willenburg, Richard Levin, Los Angeles, Cal., for Public Service Co.

Geoffrey M. Kalmus, New York City, J. Michael Deasy, Nashua, N.H., for the unsecured creditors committee.

Howard J. Berman, for the Equity Committee.

Larry M. Smukler, Concord, Sr. Asst. Atty. Gen., Mark W. Vaughn, Daniel J. Callaghan, Manchester, for the State of N.H.

Stephen A. Jonas, Asst. Atty. Gen., Joel B. Rosenthal, Boston, for the Com. of Massachusetts.

Robert A. Backus, Manchester, N.H., for Seacoast Anti-Pollution Group, Citizens within the 10-Mile Radius, Campaign for Rate-Payers' Rights.

George J. Wade, New York City, David J. Dunfey, Hampton, N.H., for Citicorp and Consol. Utilities & Communications, Inc. (CUC).

Christopher T. Katucki, for United Illuminating, New England Power, EUA Power Corp., Canal Elec. Co., Connecticut Light & Power Co., and Montaup Elec. Co.

Connie L. Rakowsky, Concord, N.H., for New England Elec. Service.

MEMORANDUM OPINION RE PROPOSED RESTRUCTURING RELATING TO OPERATION OF SEABROOK NUCLEAR POWER GENERATING STATION

JAMES E. YACOS, Bankruptcy Judge.

On July 21, 1988 the debtor in this reorganization proceeding filed a "Notice Of Intention To Enter Into Transactions Out Of The Ordinary Course (New Hampshire Yankee Electric Corporation)" under which the debtor gave notice that it proposed to enter into several related transactions under which the management and...

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