----

----

| CommissionFile      Number |   | Exact      name of registrants as specified in their charters,State      of organization, address of principal executive officesand      registrants' telephone number |   | IRS      EmployerIdentificationNumber |
|----------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|

| 333-52397    |   | ESI      TRACTEBEL ACQUISITION CORP.(a      Delaware corporation) |   | 65-0827005 |
|--------------|--------|-------------------------------------------------------------------|--------|------------|
| 333-52397-01 |   | NORTHEAST      ENERGY, LP(a      Delaware limited partnership)    |   | 65-0811248 |

| Yes  ̈          No þ |
|-------------------------------------------------------------------------------------------|

| Yes  ̈          No  ̈ |
|-------------------------------------------------------------------------------------------|

| Large      accelerated filers  [   ] | Accelerated      filers  [   ] | Non-accelerated      filers  þ(Do      not check if a smaller reporting company) | Smaller      reporting  companies  [   ] |
|---------------------------------------------------------------|---------------------------------------------------------|-------------------------------------------------------------------------------------------------|-------------------------------------------------------------------|

| Yes  ̈          No þ |
|-------------------------------------------------------------------------------------------|

----

| ·   | The      registrants are subject to complex laws and regulations and to changes in      laws and regulations as well as changing governmental policies and      regulatory actions, with respect to, among other things, initiatives      regarding deregulation and restructuring of the energy industry and      environmental matters, including matters related to the effects of climate      change, operation of generation facilities, and present or prospective      competition.  This substantial and complex framework exposes the      registrants to increased compliance costs and potentially significant      monetary penalties fornon-compliance. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | A      substantial portion of the output from the Partnerships' power generation      facilities is sold to two regulated utilities under five power purchase      agreements, two of which terminate in 2011 and the other three in      2016.  The limited number of power purchasers creates a      concentration of counterparty risk.  The remaining output from      the power generation facilities is sold, from time to time, in the      merchant markets.  Economic factors, such as the current      downturn, could adversely affect energy consumption and could adversely      affect the results of operations of the  registrants. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      operation and maintenance of power generation facilities involve      significant risks that could adversely affect the results of operations      and financial condition of theregistrants. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      use of derivative contracts by NE LP and the Partnerships in the      normal course of business could result in financial losses that adversely      impact the results of operations of the  registrants. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      competitive energy business is subject to risks, many of which are beyond      the control of the registrants, including, but not limited to, the ability      to efficiently operate generating assets, the successful and timely      completion of project restructuring activities, the price and supply of      fuel (including transportation) and equipment, transmission constraints,      competition from other and new sources of generation, excess generation      capacity and shifting demand for power, that may reduce the revenues and      adversely impact the results of operations and financial condition of the      registrants. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      registrants rely on contracts with vendors for the supply of fuel and      equipment required for the operation of their facilities.  If      vendors fail to fulfill their contractual obligations, the registrants may      need to make arrangements with other suppliers, which could result in      higher costs and/or a disruption to their  operations. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Weather      affects the registrants' results of operations, as can the impact of      severe weather.  Weather conditions directly influence the      demand for electricity and natural gas, affect the price of energy      commodities, and can affect the production of electricity at power      generation facilities. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      registrants are subject to costs and other potentially adverse effects of      legal and regulatory proceedings, settlements, investigations and claims,      as well as regulatory compliance and the effect of new, or changes in, tax      laws, rates or policies, rates of inflation, accounting standards,      securities laws and corporate governance  requirements. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      Partnerships are subject to mandatory reliability standards promulgated by      the North American Electric Reliability Corporation and enforced by the      Federal Energy Regulatory Commission.  Noncompliance with these      mandatory reliability standards could result in sanctions, including      substantial monetary penalties. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Threats      of terrorism and catastrophic events that could result from terrorism,      cyber attacks, or individuals and/or groups attempting to disrupt      NE LP’s and the Partnerships’ business may impact the operations of      the registrants in unpredictableways. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      registrants' ability to obtain insurance, and the cost of and coverage      provided by such insurance, could be adversely affected by international,      national, state or local events as well as registrant-specific      events. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      registrants, the Partnerships and the Funding Corp. are substantially      leveraged and subject to restrictive covenants under their debt agreements      that will limit their ability to borrow or otherwise have access to      additional funds. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | All      obligations of the Partnerships are non-recourse to the direct and      indirect owners of the registrants. |
|--------------------|----------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                         |   | March      31,2009 |    |   | December      31,2008 |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-----------------------|--------|
|                                                                                                         |   |               |    |   |                  |   |   |   |
| ASSETS                                                                                                       |   |               |    |   |                  |   |   |   |
| Current      assets:                                                                                         |   |               |    |   |                  |   |   |   |
| Cash and cash      equivalents                                                                               |   | $                  | 115,253 |   |                  | $      | 48,186 |   |
| Accounts    receivable                                                                                       |   |               | 55,146  |   |                  |   | 85,495 |   |
| Spare parts      inventories                                                                                 |   |               | 6,187   |   |                  |   | 5,943 |   |
| Fuel inventories                                                                                             |   |               | 4,033   |   |                  |   | 10,877 |   |
| Prepaid expenses and other      current assets                                                               |   |               | 1,065   |   |                  |   | 1,299 |   |
| Total current      assets                                                                                    |   |               | 181,684 |   |                  |   | 151,800 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| Non-current      assets:                                                                                     |   |               |    |   |                  |   |   |   |
| Deferred debt issuance costs      (net of accumulated amortization of $6,277 and $6,191,      respectively)  |   |               | 683     |   |                  |   | 769 |   |
| Land                                                                                                         |   |               | 4,712   |   |                  |   | 4,712 |   |
| Cogeneration facilities (net of      accumulated depreciation of $205,928 and $201,140,      respectively)   |   |               | 324,419 |   |                  |   | 319,420 |   |
| Power purchase agreements (net      of accumulated amortization of $718,063 and $697,324,      respectively) |   |               | 223,293 |   |                  |   | 244,032 |   |
| Other assets                                                                                                 |   |               | 4,002   |   |                  |   | 3,578 |   |
| Total non-current      assets                                                                                |   |               | 557,109 |   |                  |   | 572,511 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| TOTAL      ASSETS                                                                                            |   | $                  | 738,793 |   |                  | $      | 724,311 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| LIABILITIES      AND PARTNERS' EQUITY                                                                        |   |               |    |   |                  |   |   |   |
| Current      liabilities:                                                                                    |   |               |    |   |                  |   |   |   |
| Current portion of notes payable      – the Funding Corp.                                              |   | $                  | 54,616  |   |                  | $      | 54,616 |   |
| Current portion of note payable      – the Acquisition Corp.                                           |   |               | 26,400  |   |                  |   | 26,400 |   |
| Current portion of note payable      – affiliate                                                       |   |               | 3,971   |   |                  |   | 3,971 |   |
| Accrued interest      payable                                                                                |   |               | 5,691   |   |                  |   | - |   |
| Accounts payable                                                                                             |   |               | 1,518   |   |                  |   | 1,100 |   |
| Due to related      parties                                                                                  |   |               | 13,586  |   |                  |   | 30,616 |   |
| Other accrued      expenses                                                                                  |   |               | 17,233  |   |                  |   | 17,025 |   |
| Total current      liabilities                                                                               |   |               | 123,015 |   |                  |   | 133,728 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| Non-current      liabilities:                                                                                |   |               |    |   |                  |   |   |   |
| Deferred revenue                                                                                             |   |               | 68,103  |   |                  |   | 66,944 |   |
| Notes payable – the Funding      Corp.                                                                 |   |               | 65,223  |   |                  |   | 65,223 |   |
| Note payable – the Acquisition      Corp.                                                              |   |               | 101,200 |   |                  |   | 101,200 |   |
| Note payable –      affiliate                                                                          |   |               | 6,595   |   |                  |   | 6,595 |   |
| Otherliabilities                                                                                             |   |               | 152     |   |                  |   | 151 |   |
| Lease payable                                                                                                |   |               | 319     |   |                  |   | 319 |   |
| Total non-current      liabilities                                                                           |   |               | 241,592 |   |                  |   | 240,432 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| COMMITMENTS      AND CONTINGENCIES                                                                           |   |               |    |   |                  |   |   |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| Partners'      equity:                                                                                       |   |               |    |   |                  |   |   |   |
| General partners                                                                                             |   |               | 7,483   |   |                  |   | 7,003 |   |
| Limited partners                                                                                             |   |               | 366,703 |   |                  |   | 343,148 |   |
| Total partners'      equity                                                                                  |   |               | 374,186 |   |                  |   | 350,151 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| TOTAL      LIABILITIES AND PARTNERS' EQUITY                                                                  |   | $                  | 738,793 |   |                  | $      | 724,311 |   |

----

|                                     |   | Three      Months EndedMarch      31, |   |
|------------------------------------------|--------|---------------------------------------|--------|
|                                     |   | 2009                                  |   |   | 2008 |   |
|                                     |   |                                  |   |   |   |   |   |   |
| REVENUES                                 |   | $                                     | 62,263 |   |   | $ | 116,671 |   |
|                                     |   |                                  |   |   |   |   |   |   |
| COSTS      AND EXPENSES:                 |   |                                  |   |   |   |   |   |   |
| Fuel (net of fuel      sales)            |   |                                  | (356   | ) |   |   | 42,470 |   |
| Operations and      maintenance          |   |                                  | 4,644  |   |   |   | 4,696 |   |
| Depreciation and      amortization       |   |                                  | 25,540 |   |   |   | 25,589 |   |
| General and      administrative          |   |                                  | 2,219  |   |   |   | 2,363 |   |
| Total costs and      expenses            |   |                                  | 32,047 |   |   |   | 75,118 |   |
|                                     |   |                                  |   |   |   |   |   |   |
| OPERATING      INCOME                    |   |                                  | 30,216 |   |   |   | 41,553 |   |
|                                     |   |                                  |   |   |   |   |   |   |
| OTHER      EXPENSE (INCOME):             |   |                                  |   |   |   |   |   |   |
| Amortization of debt issuance      costs |   |                                  | 86     |   |   |   | 103 |   |
| Interest expense                         |   |                                  | 5,691  |   |   |   | 7,524 |   |
| Interest income                          |   |                                  | (69    | ) |   |   | (521 | ) |
| Other income                             |   |                                  | -      |   |   |   | (1,817 | ) |
| Total other expense –      net     |   |                                  | 5,708  |   |   |   | 5,289 |   |
|                                     |   |                                  |   |   |   |   |   |   |
| NET      INCOME                          |   | $                                     | 24,508 |   |   | $ | 36,264 |   |

|                                                        |   | Three      Months EndedMarch      31, |    |
|-------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                        |   | 2009                                  |    |   | 2008 |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| NET      CASH PROVIDED BY OPERATING ACTIVITIES              |   | $                                     | 68,314  |   |   | $ | 67,757 |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                  |   |                                  |    |   |   |   |   |   |
| Capital    expenditures                                     |   |                                  | (985    | ) |   |   | (2,052 | ) |
| Proceeds from insurance      claim                          |   |                                  | 211     |   |   |   | - |   |
| Net cash used in investing      activities                  |   |                                  | (774    | ) |   |   | (2,052 | ) |
|                                                        |   |                                  |    |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                  |   |                                  |    |   |   |   |   |   |
| Distributions to      partners                              |   |                                  | (473    | ) |   |   | - |   |
| Net cash used in financing      activities                  |   |                                  | (473    | ) |   |   | - |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| Net      increase in cash and cash equivalents              |   |                                  | 67,067  |   |   |   | 65,705 |   |
| Cash      and cash equivalents at beginning of period       |   |                                  | 48,186  |   |   |   | 45,257 |   |
| Cash      and cash equivalents at end of period             |   | $                                     | 115,253 |   |   | $ | 110,962 |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| SUPPLEMENTAL      SCHEDULE OF NONCASH INVESTING ACTIVITIES: |   |                                  |    |   |   |   |   |   |
| Additions to cogeneration      facilities                   |   | $                                     | 8,802   |   |   | $ | 496 |   |

----

|                                                                                                         |   | March      31,2009 |    |   | December      31,2008 |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-----------------------|--------|
|                                                                                                         |   |               |    |   |                  |   |   |   |
| ASSETS                                                                                                       |   |               |    |   |                  |   |   |   |
| Current      assets:                                                                                         |   |               |    |   |                  |   |   |   |
| Cash and cash      equivalents                                                                               |   | $                  | 94,573  |   |                  | $      | 48,184 |   |
| Accounts    receivable                                                                                       |   |               | 55,146  |   |                  |   | 85,495 |   |
| Spare parts      inventories                                                                                 |   |               | 6,187   |   |                  |   | 5,943 |   |
| Fuel inventories                                                                                             |   |               | 4,033   |   |                  |   | 10,877 |   |
| Prepaid expenses and other      current assets                                                               |   |               | 1,063   |   |                  |   | 1,298 |   |
| Total current      assets                                                                                    |   |               | 161,002 |   |                  |   | 151,797 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| Non-current      assets:                                                                                     |   |               |    |   |                  |   |   |   |
| Land                                                                                                         |   |               | 4,712   |   |                  |   | 4,712 |   |
| Cogeneration facilities (net of      accumulated depreciation of $205,928 and $201,140,      respectively)   |   |               | 324,419 |   |                  |   | 319,420 |   |
| Power purchase agreements (net      of accumulated amortization of $718,063 and $697,324,      respectively) |   |               | 223,293 |   |                  |   | 244,032 |   |
| Other assets                                                                                                 |   |               | 4,002   |   |                  |   | 3,578 |   |
| Total non-current      assets                                                                                |   |               | 556,426 |   |                  |   | 571,742 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| TOTAL      ASSETS                                                                                            |   | $                  | 717,428 |   |                  | $      | 723,539 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| LIABILITIES      AND PARTNERS' EQUITY                                                                        |   |               |    |   |                  |   |   |   |
| Current      liabilities:                                                                                    |   |               |    |   |                  |   |   |   |
| Current portion of notes payable      – the Funding Corp.                                              |   | $                  | 54,616  |   |                  | $      | 54,616 |   |
| Accrued interest      payable                                                                                |   |               | 2,927   |   |                  |   | - |   |
| Accounts payable                                                                                             |   |               | 1,518   |   |                  |   | 1,100 |   |
| Due to related      parties                                                                                  |   |               | 13,586  |   |                  |   | 30,616 |   |
| Other accrued      expenses                                                                                  |   |               | 17,233  |   |                  |   | 17,025 |   |
| Total current      liabilities                                                                               |   |               | 89,880  |   |                  |   | 103,357 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| Non-current      liabilities:                                                                                |   |               |    |   |                  |   |   |   |
| Deferred revenue                                                                                             |   |               | 68,103  |   |                  |   | 66,944 |   |
| Notes payable – the Funding      Corp.                                                                 |   |               | 65,223  |   |                  |   | 65,223 |   |
| Lease payable                                                                                                |   |               | 319     |   |                  |   | 319 |   |
| Total non-current      liabilities                                                                           |   |               | 133,645 |   |                  |   | 132,486 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| COMMITMENTS      AND CONTINGENCIES                                                                           |   |               |    |   |                  |   |   |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| Partners'      equity:                                                                                       |   |               |    |   |                  |   |   |   |
| General partners                                                                                             |   |               | 4,939   |   |                  |   | 4,877 |   |
| Limited partners                                                                                             |   |               | 488,964 |   |                  |   | 482,819 |   |
| Total partners'      equity                                                                                  |   |               | 493,903 |   |                  |   | 487,696 |   |
|                                                                                                         |   |               |    |   |                  |   |   |   |
| TOTAL      LIABILITIES AND PARTNERS' EQUITY                                                                  |   | $                  | 717,428 |   |                  | $      | 723,539 |   |

----

|                                 |   | Three      Months EndedMarch      31, |   |
|--------------------------------------|--------|---------------------------------------|--------|
|                                 |   | 2009                                  |   |   | 2008 |   |
|                                 |   |                                  |   |   |   |   |   |   |
| REVENUES                             |   | $                                     | 62,263 |   |   | $ | 116,671 |   |
|                                 |   |                                  |   |   |   |   |   |   |
| COSTS      AND EXPENSES:             |   |                                  |   |   |   |   |   |   |
| Fuel (net of fuel      sales)        |   |                                  | (356   | ) |   |   | 42,470 |   |
| Operations and      maintenance      |   |                                  | 4,644  |   |   |   | 4,696 |   |
| Depreciation and      amortization   |   |                                  | 25,540 |   |   |   | 25,589 |   |
| General and      administrative      |   |                                  | 2,219  |   |   |   | 2,363 |   |
| Total costs and      expenses        |   |                                  | 32,047 |   |   |   | 75,118 |   |
|                                 |   |                                  |   |   |   |   |   |   |
| OPERATING      INCOME                |   |                                  | 30,216 |   |   |   | 41,553 |   |
|                                 |   |                                  |   |   |   |   |   |   |
| OTHER      EXPENSE (INCOME):         |   |                                  |   |   |   |   |   |   |
| Interest expense                     |   |                                  | 2,927  |   |   |   | 4,244 |   |
| Interest income                      |   |                                  | (68    | ) |   |   | (521 | ) |
| Other income                         |   |                                  | -      |   |   |   | (1,817 | ) |
| Total other expense –      net |   |                                  | 2,859  |   |   |   | 1,906 |   |
|                                 |   |                                  |   |   |   |   |   |   |
| NET      INCOME                      |   | $                                     | 27,357 |   |   | $ | 39,647 |   |

|                                                        |   | Three      Months EndedMarch      31, |    |
|-------------------------------------------------------------|--------|---------------------------------------|---------|
|                                                        |   | 2009                                  |    |   | 2008 |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| NET      CASH PROVIDED BY OPERATING ACTIVITIES              |   | $                                     | 68,313  |   |   | $ | 67,747 |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES:                  |   |                                  |    |   |   |   |   |   |
| Capital    expenditures                                     |   |                                  | (985    | ) |   |   | (2,052 | ) |
| Proceeds from insurance      claim                          |   |                                  | 211     |   |   |   | - |   |
| Net cash used in investing      activities                  |   |                                  | (774    | ) |   |   | (2,052 | ) |
|                                                        |   |                                  |    |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES:                  |   |                                  |    |   |   |   |   |   |
| Distributions to      partners                              |   |                                  | (21,150 | ) |   |   | - |   |
| Net cash used in financing      activities                  |   |                                  | (21,150 | ) |   |   | - |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| Net      increase in cash and cash equivalents              |   |                                  | 46,389  |   |   |   | 65,695 |   |
| Cash      and cash equivalents at beginning of period       |   |                                  | 48,184  |   |   |   | 45,246 |   |
| Cash      and cash equivalents at end of period             |   | $                                     | 94,573  |   |   | $ | 110,941 |   |
|                                                        |   |                                  |    |   |   |   |   |   |
| SUPPLEMENTAL      SCHEDULE OF NONCASH INVESTING ACTIVITIES: |   |                                  |    |   |   |   |   |   |
| Additions to cogeneration      facilities                   |   | $                                     | 8,802   |   |   | $ | 496 |   |

----

|                                                                              |   | March      31,2009 |    |   |   | December      31,2008 |    |
|-----------------------------------------------------------------------------------|--------|--------------------|---------|--------|--------|-----------------------|---------|
|                                                                              |   |               |    |   |   |                  |    |   |
| ASSETS                                                                            |   |               |    |   |   |                  |    |   |
| Current      assets:                                                              |   |               |    |   |   |                  |    |   |
| Cash                                                                              |   | $                  | 1       |   |   | $                     | 1       |   |
| Current portion of notes      receivable from the Partnerships                    |   |               | 54,616  |   |   |                  | 54,616  |   |
| Interest receivable from the      Partnerships                                    |   |               | 2,927   |   |   |                  | -       |   |
| Total current      assets                                                         |   |               | 57,544  |   |   |                  | 54,617  |   |
|                                                                              |   |               |    |   |   |                  |    |   |
| Notes      receivable from the Partnerships                                       |   |               | 65,223  |   |   |                  | 65,223  |   |
|                                                                              |   |               |    |   |   |                  |    |   |
| TOTAL      ASSETS                                                                 |   | $                  | 122,767 |   |   | $                     | 119,840 |   |
|                                                                              |   |               |    |   |   |                  |    |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                         |   |               |    |   |   |                  |    |   |
| Current      liabilities:                                                         |   |               |    |   |   |                  |    |   |
| Current portion of debt      securities payable                                   |   | $                  | 54,616  |   |   | $                     | 54,616  |   |
| Accrued interest      payable                                                     |   |               | 2,927   |   |   |                  | -       |   |
| Total current      liabilities                                                    |   |               | 57,543  |   |   |                  | 54,616  |   |
|                                                                              |   |               |    |   |   |                  |    |   |
| Debt      securities payable                                                      |   |               | 65,223  |   |   |                  | 65,223  |   |
|                                                                              |   |               |    |   |   |                  |    |   |
| COMMITMENTS      AND CONTINGENCIES                                                |   |               |    |   |   |                  |    |   |
|                                                                              |   |               |    |   |   |                  |    |   |
| Stockholders’      equity:                                                  |   |               |    |   |   |                  |    |   |
| Common stock, no par value,      10,000 shares authorized, issued and outstanding |   |               | 1       |   |   |                  | 1       |   |
|                                                                              |   |               |    |   |   |                  |    |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                   |   | $                  | 122,767 |   |   | $                     | 119,840 |   |

|                                   |   | Three      Months EndedMarch      31, |   |
|----------------------------------------|--------|---------------------------------------|--------|
|                                   |   | 2009                                  |   |   | 2008 |   |
|                                   |   |                                  |   |   |   |   |   |   |
| Interest      income – affiliate |   | $                                     | 2,927  |   |   | $ | 4,192 |   |
| Interest      expense                  |   |                                  | (2,927 | ) |   |   | (4,192 | ) |
|                                   |   |                                  |   |   |   |   |   |   |
| NET      INCOME                        |   | $                                     | -      |   |   | $ | - |   |

----

|                                           |   | Three      Months EndedMarch      31, |   |
|------------------------------------------------|--------|---------------------------------------|--------|
|                                           |   | 2009                                  |   |   | 2008 |   |
|                                           |   |                                  |   |   |   |   |   |   |
| NET      CASH PROVIDED BY OPERATING ACTIVITIES |   | $                                     | -      |   |   | $ | - |   |
|                                           |   |                                  |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES      |   |                                  | -      |   |   |   | - |   |
|                                           |   |                                  |   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES      |   |                                  | -      |   |   |   | - |   |
|                                           |   |                                  |   |   |   |   |   |   |
| Net      change in cash                        |   |                                  | -      |   |   |   | - |   |
| Cash      at beginning of period               |   |                                  | 1      |   |   |   | 1 |   |
| Cash      at end of period                     |   | $                                     | 1      |   |   | $ | 1 |   |

----

|                                                                                |   | March      31,2009 |    |   | December      31,2008 |   |
|-------------------------------------------------------------------------------------|--------|--------------------|---------|--------|-----------------------|--------|
|                                                                                |   |               |    |   |                  |   |   |   |
| ASSETS                                                                              |   |               |    |   |                  |   |   |   |
| Current      assets:                                                                |   |               |    |   |                  |   |   |   |
| Current portion of note      receivable from NE LP                             |   | $                  | 26,400  |   |                  | $      | 26,400 |   |
| Interest receivable from      NE LP                                            |   |               | 2,549   |   |                  |   | - |   |
| Total current      assets                                                           |   |               | 28,949  |   |                  |   | 26,400 |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| Non-current      assets:                                                            |   |               |    |   |                  |   |   |   |
| Due from    NE LP                                                              |   |               | 152     |   |                  |   | 152 |   |
| Note receivable from      NE LP                                                |   |               | 101,200 |   |                  |   | 101,200 |   |
| Total non-current      assets                                                       |   |               | 101,352 |   |                  |   | 101,352 |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| TOTAL      ASSETS                                                                   |   | $                  | 130,301 |   |                  | $      | 127,752 |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY                                           |   |               |    |   |                  |   |   |   |
| Current      liabilities:                                                           |   |               |    |   |                  |   |   |   |
| Income taxes    payable                                                             |   | $                  | 49      |   |                  | $      | 48 |   |
| Accrued interest      payable                                                       |   |               | 2,549   |   |                  |   | - |   |
| Current portion of debt      securities payable                                     |   |               | 26,400  |   |                  |   | 26,400 |   |
| Total current      liabilities                                                      |   |               | 28,998  |   |                  |   | 26,448 |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| Non-current      liabilities:                                                       |   |               |    |   |                  |   |   |   |
| Debt securities      payable                                                        |   |               | 101,200 |   |                  |   | 101,200 |   |
| Other                                                                               |   |               | 15      |   |                  |   | 17 |   |
| Total non-current      liabilities                                                  |   |               | 101,215 |   |                  |   | 101,217 |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| TOTAL      LIABILITIES                                                              |   |               | 130,213 |   |                  |   | 127,665 |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| COMMITMENTS      AND CONTINGENCIES                                                  |   |               |    |   |                  |   |   |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| Stockholders’      equity:                                                    |   |               |    |   |                  |   |   |   |
| Common stock, $.10 par value,      100 shares authorized, 20 issued and outstanding |   |               | -       |   |                  |   | - |   |
| Retainedearnings                                                                    |   |               | 88      |   |                  |   | 87 |   |
|                                                                                |   |               |    |   |                  |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS' EQUITY                                     |   | $                  | 130,301 |   |                  | $      | 127,752 |   |

|                                   |   | Three      Months EndedMarch      31, |   |
|----------------------------------------|--------|---------------------------------------|--------|
|                                   |   | 2009                                  |   |   | 2008 |   |
|                                   |   |                                  |   |   |   |   |   |   |
| Interest      income – affiliate |   | $                                     | 2,549  |   |   | $ | 2,988 |   |
| Interest      expense                  |   |                                  | (2,547 | ) |   |   | (2,986 | ) |
| Income      before income taxes        |   |                                  | 2      |   |   |   | 2 |   |
| Income      tax expense                |   |                                  | (1     | ) |   |   | (1 | ) |
|                                   |   |                                  |   |   |   |   |   |   |
| NET      INCOME                        |   | $                                     | 1      |   |   | $ | 1 |   |

----

|                                           |   | Three      Months EndedMarch      31, |   |
|------------------------------------------------|--------|---------------------------------------|--------|
|                                           |   | 2009                                  |   |   | 2008 |   |
|                                           |   |                                  |   |   |   |   |   |   |
| NET      CASH PROVIDED BY OPERATING ACTIVITIES |   | $                                     | -      |   |   | $ | - |   |
|                                           |   |                                  |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES      |   |                                  | -      |   |   |   | - |   |
|                                           |   |                                  |   |   |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES      |   |                                  | -      |   |   |   | - |   |
|                                           |   |                                  |   |   |   |   |   |   |
| Net      change in cash                        |   |                                  | -      |   |   |   | - |   |
| Cash      at beginning of period               |   |                                  | -      |   |   |   | - |   |
| Cash      at end of period                     |   | $                                     | -      |   |   | $ | - |   |

----

|                             |   | NEA                         |   | NJEA   |   | Combined |   |
|----------------------------------|--------|-----------------------------|--------|--------|--------|----------|--------|
|                             |   | GP                          |   | LP     |   | Total    |   | GP |   | LP |   | Total |   | GP |   | LP |   | Total |   |
|                             |   | (Thousands      of Dollars) |   |
|                             |   |                        |   |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances,      December 31, 2008 |   | $                           | 1,331  |   | $      | 131,767  |   | $ | 133,098 |   | $ | 3,546 |   | $ | 351,052 |   | $ | 354,598 |   | $ | 4,877 |   | $ | 482,819 |   | $ | 487,696 |   |
| Balances,      March 31, 2009    |   | $                           | 1,377  |   | $      | 136,288  |   | $ | 137,665 |   | $ | 3,562 |   | $ | 352,676 |   | $ | 356,238 |   | $ | 4,939 |   | $ | 488,964 |   | $ | 493,903 |   |

|                                                   | Total  |    | 2009   |   | 2010      – 11 |   | 2012      – 13 |    | Thereafter |
|--------------------------------------------------------|--------|---------|--------|--------|----------------------|--------|----------------------|---------|------------|
|                                                   |   |    |   |   |                 |   |                 |    |       |
| CONTRACTUAL      OBLIGATIONS                           |   |    |   |   |                 |   |                 |    |       |   |   |   |   |   |
| The      Partnerships:                                 |   |    |   |   |                 |   |                 |    |       |   |   |   |   |   |
| Funding Corp. debt(a)                                  | $      | 134,993 |   | $      | 64,990               |   | $                    | 70,003  |       | $ | - |   | $ | - |
| Operating leases                                       |   | 1,008   |   |   | 243                  |   |                 | 678     |       |   | 87 |   |   | - |
| Other long-term      obligations:                      |   |    |   |   |                 |   |                 |    |       |   |   |   |   |   |
| Administrative agreement(b)                            |   | 5,250   |   |   | 450                  |   |                 | 1,200   |       |   | 1,200 |   |   | 2,400 |
| Operations and maintenance      agreement(b)           |   | 10,125  |   |   | 1,125                |   |                 | 3,000   |       |   | 3,000 |   |   | 3,000 |
| Fuel management agreement(b)                           |   | 12,375  |   |   | 675                  |   |                 | 1,800   |       |   | 1,800 |   |   | 8,100 |
| Natural gas, including      transportation and storage |   | 29,424  |   |   | 6,730                |   |                 | 17,253  |       |   | 2,503 |   |   | 2,938 |
| Total      Partnerships                                |   | 193,175 |   |   | 74,213               |   |                 | 93,934  |       |   | 8,590 |   |   | 16,438 |
|                                                   |   |    |   |   |                 |   |                 |    |       |   |   |   |   |   |
| NE LP:                                            |   |    |   |   |                 |   |                 |    |       |   |   |   |   |   |
| Acquisition Corp. debt(a)                              |   | 148,606 |   |   | 36,068               |   |                 | 112,538 |       |   | - |   |   | - |
| Affiliate debt(a)                                      |   | 11,912  |   |   | 4,765                |   |                 | 7,147   |       |   | - |   |   | - |
| Total      NE LP                                  |   | 160,518 |   |   | 40,833               |   |                 | 119,685 |       |   | - |   |   | - |
|                                                   |   |    |   |   |                 |   |                 |    |       |   |   |   |   |   |
| Total      contractual obligations                     | $      | 353,693 |   | $      | 115,046              |   | $                    | 213,619 |       | $ | 8,590 |   | $ | 16,438 |

| (a) | Includes      principal and interest. |
|-----|---------------------------------------|

| (b) | Represents      the minimum obligation under the terms of the agreement.  The      minimum obligation is subject to an annual inflation factor adjustment,      which is excluded from the minimum obligation included in the      table. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                   |   | Trading      andManagedHedges(a) |   | Non-QualifyingHedges      andHedges      inOCI(b) |   | Total  |
|--------------------------------------------------------|--------|----------------------------------|--------|---------------------------------------------------|--------|--------|
|                                                   |   |                             |   |                                              |   |   |   |   |   |
| December      31, 2008                                 |   | $                                | -      |                                              | $      | 3      |   | $ | 3 |
| March      31, 2009                                    |   | $                                | -      |                                              | $      | 25     |   | $ | 25 |
| Average      for the three months ended March 31, 2009 |   | $                                | -      |                                              | $      | 12     |   | $ | 12 |

| (a) | Trading      and managed hedges are essentially all changes in the derivatives' fair      value for power purchases and sales and trading activities, which are      recognized on a net basis in operating revenues and for fuel purchases and      sales which are recognized on a net basis in fuel  expense. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Non-qualifying      hedges are employed to reduce the market risk exposure to physical assets      which are not marked to market.  The VaR figures for the      non-qualifying hedges and hedges in OCI category do not represent the      economic exposure to commodity pricemovements. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a) | Evaluation      of Disclosure Controls andProcedures |
|-----|------------------------------------------------------|

| (b) | Changes      in Internal Control over FinancialReporting |
|-----|----------------------------------------------------------|

----

| (a) | None |
|-----|------|

| (b) | None |
|-----|------|

| (c) | Other      Events |
|-----|-------------------|

| (i) | Reference      is made to Item 1.  Business – Environmental Matters in the      2008 Form 10-K for theregistrants. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

| ExhibitNumber |   | Description |
|---------------|--------|-------------|

| 31(a) | Rule 13a-14(a)/15d-14(a)      Certification of President (equivalent to the Chief Executive Officer) of      Acquisition Corp. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------|

| 31(b) | Rule 13a-14(a)/15d-14(a)      Certification of Treasurer (equivalent to the Chief Financial Officer) of      Acquisition Corp. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------|

| 31(c) | Rule 13a-14(a)/15d-14(a)      Certification of President (equivalent to the Chief Executive Officer) of      ESI Northeast Energy GP, Inc. as Administrative General Partner of      NE LP |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31(d) | Rule 13a-14(a)/15d-14(a)      Certification of Vice President and Treasurer (equivalent to the Chief      Financial Officer) of ESI Northeast Energy GP, Inc. as Administrative      General Partner of NE LP |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32(a) | Section 1350      Certification of Acquisition Corp. |
|-------|-----------------------------------------------------------|

| 32(b) | Section 1350      Certification of NE LP |
|-------|----------------------------------------------------|

----

|   | MARK      R. SORENSEN |   |
|--------|-----------------------|--------|

----