IN RE PUBLIC SERVICE CO. OF NEW HAMPSHIRE

Bankruptcy No. 88-00043.

114 B.R. 813 (1990)

In re PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE, Debtor.

United States Bankruptcy Court, D. New Hampshire.

April 20, 1990.


Attorney(s) appearing for the Case

Richard Levin, for Public Service Co.

Geoffrey B. Kalmus, J. Michael Deasy, for Unsecured Creditors Committee.

Richard N. Tilton, Howard J. Berman, for Equity Committee.

Harold T. Judd, Asst. Atty. Gen., Concord, N.H., Mark W. Vaughn, Manchester, N.H., for the State of N.H.

Virginia A. Greiman, Wellesley Hills, Mass., U.S. Trustee.

George J. Wade, Barbara Gould Overend, for Citicorp and Consol. Utilities & Communications, Inc. (CUC).

Paul R. Gioia, Examiner, George A. Hahn, Michael S. Schreiber, for the Examiner.

John B. Nolan, Jeffrey G. Grody, Janice B. Grubin, Katherine A. Burroughs, for Northeast Utilities Service Co.

Victor Bass, Boston, Mass., for Maryland Nat. Bank as Indenture Trustee Co.

Paul A. Savage, Concord, N.H., for Pinetree Power, Inc., Pinetree Tamworth, Bio Energy.

Ted A. Berkowitz, New York City, for First Fidelity, Nat. Ass'n, New Jersey, Indenture Trustee.

Peter Nils Baylor, Boston, Mass., for Bank of New England, Indenture Trustee.

Robert Drain, New York City, for Shearson, Lehman, Hutton, Inc.

Paul R. DeFilippo, Newark, N.J., for Midlantic Nat. Bank.

Lawrence R. Katz, Boston, Mass., for Small Power Producers.

Bradford Paul Anderson, Newton, Mass., for New England Power Service.

Robert C. Richards, for Martin Rochman, Edward Kaufman, and Robert Richards.

Allen M. Rideout, pro se, and for Allene L. Rideout.

Harry Saxon, pro se.


MEMORANDUM OPINION ON "PREPAYMENT PREMIUM" ISSUE

JAMES E. YACOS, Bankruptcy Judge.

This decision involves the Objections to Confirmation of Maryland National Bank and Bank of New England, as Indentured Trustees, to the Third Amended Joint Plan of Reorganization proposed by Northeast Utilities Service Company and others. Both parties are seeking what is typically termed "prepayment premiums" under the terms of Indentures of which they are acting as trustee...

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