IN RE PUBLIC SERVICE CO. OF NEW HAMPSHIRE

Bankruptcy No. 88-0043.

107 B.R. 441 (1989)

In re PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE, Debtor.

United States Bankruptcy Court, D. New Hampshire.

October 17, 1989.


Attorney(s) appearing for the Case

Deasy & Dwyer, P.A. by J. Michael Deasy, Nashua, N.H., for Unsecured Creditors Committee.

Hinckley, Allen, Snyder & Comen by Joseph M. DiOrio, Providence, R.I., for New Hampshire Consumer Advocate.

Orr & Reno by Connie L. Rakowsky and Charles A. Szypszak, Concord, N.H., for New England Elec. Systems, et al.

Whitman & Ransom by Richard N. Tilton and Howard J. Berman, for Equity Committee.

Sanders & McDermott, P.A. by David J. Dunfey, Hampton, N.H., for Citicorp & Consol. Utilities & Communications, Inc.

Goodwin, Procter & Hoar by Christopher T. Katucki, Boston, Mass., for United Illuminating Co. (Seabrook Joint Owners).

McLane, Graf, Raulerson & Middleton by J. Christopher Marshall, Manchester, N.H., Hebb & Gitlin, Hartford, Conn., and Michael J. Reilly, for Prulease.

Stutman, Treister & Glatt by Richard Levin and Don Willenburg, Los Angeles, Cal., Sulloway, Hollis & Soden, Martin L. Gross, Concord, N.H., Catherine E. Shively, and Cahill, Gordon & Reindel by Thomas R. Jones and Gary W. Wolf, New York City, for Public Service of New Hampshire.

United States Trustee for the Districts of Me. Mass. N.H. and R.I. by Virginia A. Greiman, Wellesley Hills, Mass., for U.S. Trustee.

Devine, Millimet, Stahl & Branch by Mark W. Vaughn, Manchester, N.H., Office of N.H. Atty. Gen. by Larry M. Smukler, Sr. Asst. Atty. Gen., Concord, N.H., for State of N.H.

Wiggin & Nourie by Anthony C. Marts, Manchester, N.H., for First Fidelity Bank and Amoskeag Bank.

Kramer, Levin, Nessen, Kamin & Frankel by Joel B. Zweibel and Kenneth H. Eckstein, New York City, for the Unsecured Creditors Committee.


MEMORANDUM OPINION

JAMES E. YACOS, Bankruptcy Judge.

This chapter 11 contested matter involves a motion filed by the State of New Hampshire against the Debtor Public Service Company of New Hampshire ("PSNH"). The motion asks this Court to order the debtor to pay to some of its present and former commercial customers their pre-petition customer deposits in the ordinary course of PSNH's business.

This Court has jurisdiction under 28 U.S.C. §&...

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