content: UNITED STATES
                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C. 20549
                  ---------------------------------
                              FORM 8-K
  
                           CURRENT REPORT
               Pursuant to Section 13 or 15(d) of the
                   Securities Exchange Act of 1934
  
  
          Date of Report (Date of Earliest Event Reported):
                          February 3, 2004
  
  
                       BAYCORP HOLDINGS, LTD.
       ------------------------------------------------------
       (Exact Name of Registrant as Specified in its Charter)
  
  
                              Delaware
           ----------------------------------------------
           (State or Other Jurisdiction of Incorporation)
  
  
       1-12527                           02-0488443
  (Commission File Number)            (I.R.S. Employer
                                   Identification Number)
  
  
      1 New Hampshire Avenue, Suite 125
               Portsmouth, NH                      03801
  (Address of Principal Executive Offices)     (Zip Code)
  
  
                           (603) 766-4990
        ----------------------------------------------------
        (Registrant's Telephone Number, Including Area Code)
  
  
                           Not Applicable
    -------------------------------------------------------------
    (Former Name or Former Address, if Changed Since Last Report)
  
  
  
    -------------------------------------------------------------
  
  <Page>
  
  Item 12.     Results of Operations and Financial Condition.
  
  On February 3, 2004 the Registrant issued a press release
  describing financial results for the year ended December 31,
  2003.
  
  
                                  2
  <Page>
  
                             SIGNATURES
  
  
        Pursuant to the requirements of the Securities Exchange Act
  of 1934, the registrant has duly caused this report to be signed
  on its behalf by the undersigned, thereunto duly authorized.
  
                         BAYCORP HOLDINGS, LTD.
  
  
  
  FEBRUARY 9, 2004       By: /s/ Frank W. Getman Jr.
                         --------------------------------
                            Frank W. Getman Jr.
                            President and Chief Executive Officer
  
  
                                  3
  <Page>
  
                            EXHIBIT INDEX
  
  
  EXHIBIT NO.  DESCRIPTION
  
  
  99           BayCorp Holdings, Ltd. Earnings Release for the
               quarter ended December 31, 2003.
  
  
                                  4
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "baycorp8kfeb2004.txt", "description": "BAYCORP 8-K FEBRUARY 9, 2004", "secsgml_size_bytes": 2457}]
metadata_filer: {"company-data": {"conformed-name": "BAYCORP HOLDINGS LTD", "cik": "0001012127", "assigned-sic": "4911", "irs-number": "020488443", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12527", "film-number": "04576664"}, "business-address": {"street1": "1 NEW HAMPSHIRE AVENUE", "street2": "SUITE 125", "city": "PORTSMOUTH", "state": "NH", "zip": "03801", "phone": "(603) 766-4990"}, "mail-address": {"street1": "1 NEW HAMPSHIRE AVENUE", "street2": "SUITE 125", "city": "PORTSMOUTH", "state": "NH", "zip": "03801"}, "former-company": {"former-conformed-name": "GREAT BAY HOLDINGS CORP", "date-changed": "19960424"}}
text: UNITED STATES
                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C. 20549
                  ---------------------------------
                              FORM 8-K
  
                           CURRENT REPORT
               Pursuant to Section 13 or 15(d) of the
                   Securities Exchange Act of 1934
  
          Date of Report (Date of Earliest Event Reported):
                          February 3, 2004
  
                       BAYCORP HOLDINGS, LTD.
       ------------------------------------------------------
       (Exact Name of Registrant as Specified in its Charter)
  
                              Delaware
           ----------------------------------------------
           (State or Other Jurisdiction of Incorporation)
  
       1-12527                           02-0488443
  (Commission File Number)            (I.R.S. Employer
                                   Identification Number)
  
      1 New Hampshire Avenue, Suite 125
               Portsmouth, NH                      03801
  (Address of Principal Executive Offices)     (Zip Code)
  
                           (603) 766-4990
        ----------------------------------------------------
        (Registrant's Telephone Number, Including Area Code)
  
                           Not Applicable
    -------------------------------------------------------------
    (Former Name or Former Address, if Changed Since Last Report)
  
    -------------------------------------------------------------
  Item 12.     Results of Operations and Financial Condition.
  
  On February 3, 2004 the Registrant issued a press release
  describing financial results for the year ended December 31,
  2003.
  
                                  2
  SIGNATURES
  
        Pursuant to the requirements of the Securities Exchange Act
  of 1934, the registrant has duly caused this report to be signed
  on its behalf by the undersigned, thereunto duly authorized.
  
                         BAYCORP HOLDINGS, LTD.
  
  FEBRUARY 9, 2004       By: /s/ Frank W. Getman Jr.
                         --------------------------------
                            Frank W. Getman Jr.
                            President and Chief Executive Officer
  
                                  3
  EXHIBIT INDEX
  
  EXHIBIT NO.  DESCRIPTION
  
  99           BayCorp Holdings, Ltd. Earnings Release for the
               quarter ended December 31, 2003.
  
                                  4