Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 100

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 100
---
 capital expenditures and working capitalNSTAR Gas Series Z First Mortgage Bonds5.30 %20.0 June 2025June 2035Repaid short-term debt, paid capital expenditures and working capitalNSTAR Gas Series R First Mortgage Bonds2.33 %(75.0)May 2025May 2025Paid at maturityYankee Gas Series Y First Mortgage Bonds5.02 %148.0 July 2025January 2031Repaid Series M bonds at maturity, repaid short-term debt, paid capital expenditures and working capitalYankee Gas Series Z First Mortgage Bonds5.55 %37.0 July 2025July 2035Repaid Series M bonds at maturity, repaid short-term debt, paid capital expenditures and working capitalYankee Gas Series M First Mortgage Bonds3.35 %(75.0)September 2025September 2025Paid at maturityEGMA Series F First Mortgage Bonds4.77 %125.0 September 2025October 2030Repaid short-term debt, paid capital expenditures and working capital

As a result of the Eversource parent long-term debt issuance in October 2025, $595.0 million of current portion of long-term debt was reclassified to Long-Term Debt on Eversource parent’s balance sheet as of September 30, 2025.  As a result of the NSTAR Electric long-term debt issuance in October 2025, $305.4 million of current portion of long-term debt was reclassified to Long-Term Debt on NSTAR Electric’s balance sheet as of September 30, 2025. 

7.    RATE REDUCTION BONDS AND VARIABLE INTEREST ENTITIES

Rate Reduction Bonds:  In May 2018, PSNH Funding, a wholly-owned subsidiary of PSNH, issued $635.7 million of securitized RRBs in multiple tranches with a weighted average interest rate of 3.66 percent, and final maturity dates ranging from 2026 to 2035.  The RRBs are expected to be repaid by February 1, 2033.  RRB payments consist of principal and interest and are paid semi-annually, beginning on February 1, 2019.  The RRBs were issued pursuant to a finance order issued by the NHPUC in January 2018 to recover remaining costs resulting from the divestiture of PSNH’s generation