Document:

Exhibit 4.2(A)

 

 

NORTHEAST UTILITIES

 

and

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

AS TRUSTEE

 

 

SUPPLEMENTAL INDENTURE

 

Dated as of                      

 

Supplemental to the Indenture dated as of April 1, 2002

 

Senior Notes, Series    , Due

 

 

 

SUPPLEMENTAL
INDENTURE, dated as of          
(this “Supplemental Indenture”), between NORTHEAST UTILITIES, a voluntary
association duly organized and existing under the laws of the Commonwealth of
Massachusetts (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY,
N.A., formerly known as The Bank of New York Trust Company, N.A. (as successor
to The Bank of New York), a national banking association duly organized and
existing under the laws of the United States of America, as Trustee under the
Original Indenture referred to below (the “Trustee”).

 

RECITALS OF THE COMPANY

 

The
Company has heretofore executed and delivered to the Trustee an indenture dated
as of April 1, 2002 (the “Original Indenture”), as supplemented and
amended, to provide for the issuance from time to time of its notes, debentures
or other evidences of indebtedness (the “Securities”), the form and terms of
which are to be established as set forth in Sections 201 and 301 of the
Original Indenture.

 

Section 901
of the Original Indenture provides, among other things, that the Company and
the Trustee may enter into indentures supplemental to the Original Indenture
for, among other things, (a) the purpose of establishing the form and
terms of the Securities of any series as permitted by Sections 201 and 301 of
the Original Indenture, and (b) changing any of the provisions of the
Original Indenture as they apply to any series of Securities created by such
supplemental indenture.

 

The
Company has heretofore executed and delivered to the Trustee the following
Supplemental Indentures for the purpose of creating the following series of
Securities:

 

	
   

  	
  Supplemental

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Indenture

  	
   

  	
  Date

  	
   

  	
  Series

  	
   

  	
  Amount

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

The
Company desires to create a new series of Securities, in an initial aggregate
principal amount of
$                  ,
to be designated the “Senior Notes, Series    , Due
      ” (the “Notes”), and all action on the part
of the Company necessary to authorize the issuance of the Notes under the Original
Indenture and this Supplemental Indenture has been duly taken.

 

All acts and things
necessary to make the Notes, when executed by the Company and completed,
authenticated and delivered by the Trustee as provided in the Original
Indenture and this Supplemental Indenture, the valid and binding obligations of
the Company and to constitute these presents a valid and binding supplemental
indenture and agreement according to its terms, have been done and performed.

 

 

NOW, THEREFORE, THIS  SUPPLEMENTAL INDENTURE WITNESSETH:

 

That in consideration of the
premises and of the acceptance and purchase of the Notes by the Holders thereof
and of the acceptance of this trust by the Trustee, the Company covenants and
agrees with the Trustee, for the equal and ratable benefit of the Holders of
the Notes, as follows:

 

ARTICLE
ONE

 

Definitions

 

The use of the terms and
expressions herein is in accordance with the definitions, uses and
constructions contained in the Original Indenture and form of the Notes
attached hereto as Exhibit A.

 

ARTICLE
TWO

 

Terms
and Issuance of the Senior Notes, Series   , Due

 

SECTION 201.       Issue of Notes.

 

A series of Securities which
shall be designated the “Senior Notes, Series   , Due
     ” shall be executed, authenticated and delivered
from time to time in accordance with the provisions of, and shall in all
respects be subject to, the terms and conditions and covenants of, the Original
Indenture and this  Supplemental
Indenture (including the form of Note attached hereto as Exhibit A).  The aggregate principal amount of the Notes
which will initially be authenticated and delivered under this  Supplemental Indenture shall not, except as
permitted by the provisions of the Original Indenture, exceed $               .
Additional Senior Notes, without limitation as to amount, having substantially
the same terms as the Notes (except a different issue date, issue price and
bearing interest from the last Interest Payment Date to which interest has been
paid or duly provided for on the Outstanding Notes, and, if no interest has
been paid, from
            ) may
also be issued by the Company pursuant to this 
Supplemental Indenture without the consent of the existing Holders of
the Notes.  Such additional Senior Notes
shall be part of the same series as the Outstanding Notes.

 

SECTION 202.       Form of Notes; Incorporation of
Terms.

 

The Notes shall be in
substantially the form set forth in Exhibit A attached hereto.  The terms of the Notes contained in such form
are hereby incorporated herein by reference and are made a part of this  Supplemental Indenture.

 

SECTION203.        Global Security; Depositary for
Global Securities.

 

The Notes shall be issued
initially in the form of a Global Security. 
The Depositary for any Global Securities of the series of which the Notes
are a part shall be The Depository Trust Company, New York, New York.

 

2

 

SECTION 204.       Limitations on Liens.

 

The provisions of Section 1007
of the Original Indenture shall be applicable to the Notes.

 

SECTION 205.       Sale and Leaseback Transactions.

 

The provisions of Section 1012
of the Original Indenture shall be applicable to the Notes.

 

SECTION 206.       Place of Payment.

 

The Place of Payment in
respect of the Notes shall be at the Corporate Trust Office, which, at the date
hereof, is located at 222 Berkeley Street, 2nd Fl., Boston, MA. 02116,
Attn:  Corporate Trust Administration.

 

SECTION 207.       Optional Redemption.

 

The
Notes may be redeemed in whole at any time or in part from time to time at the
option of the Company at a redemption price equal to the greater of:

 

·        one
hundred percent (100%) of the principal amount of the Notes being redeemed,
plus accrued interest thereon to the redemption date; or

 

·        as
determined by the Quotation Agent, the sum of the present value of the
remaining scheduled payments of principal and interest on the Notes to be
redeemed (not including any portion of payments of interest accrued as of the
redemption date) discounted to the redemption date on a semi-annual basis at
the Adjusted Treasury Rate plus     basis points, plus
accrued interest to the redemption date.

 

The redemption price will be calculated assuming a 360-day year
consisting of twelve 30-day months.

 

“Adjusted
Treasury Rate” means, with respect to any redemption date, the rate per year
equal to the semi-annual equivalent yield to maturity of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed
as a percentage of its principal amount) equal to the Comparable Treasury Price
for that redemption date.

 

“Comparable
Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the
Notes that would be used, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of the Notes.

 

“Comparable
Treasury Price” means, with respect to any redemption date:  (i) the average of the Reference
Treasury Dealer Quotations for that redemption date, after excluding the
highest and lowest of the Reference Treasury Dealer Quotations, or (ii) if
the Trustee obtains fewer than three Reference Treasury Dealer Quotations, the
average of all Reference Treasury Dealer Quotations so received.

 

3

 

“Quotation
Agent” means the Reference Treasury Dealer appointed by the Company.

 

“Reference
Treasury Dealer” means a primary U.S. Government securities dealer in New York
City selected by the Company.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any redemption date, the average, as determined by the Trustee, of
the bid and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the Trustee
by that Reference Treasury Dealer at 5:00 p.m., New York City time, on the
third business day preceding that redemption date.

 

If
less than all of the Notes are to be redeemed, the Trustee will select the
Notes to be redeemed by a method that the Trustee deems fair and appropriate
and which may provide for the selection for the redemption of portions (equal
to $1,000 or any multiple thereof) of the principal amount of the Notes larger
than $1,000.  Notice of redemption will
be mailed, first-class mail postage prepaid, to each holder of Notes to be
redeemed at the holder’s address in the Security Register for the Notes.  If any Note is to be redeemed in part only,
the notice of redemption that relates to that Note will state the portion of
the principal amount of that Note to be redeemed.  In that case, the Company will issue a new
Note of any authorized denomination, as requested, in an aggregate principal
amount equal to the unredeemed portion of such Note, in the name of the holder
upon cancellation of the original Note.

 

The
Company will mail notice of any redemption to holders of the Notes, not more
than sixty (60) nor less than thirty (30) days before the redemption date.

 

Unless
the Company defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the Notes called for
redemption.

 

The
Notes are not subject to any sinking fund.

 

4

 

ARTICLE
THREE

 

Amendment
of Original Indenture

 

SECTION 301.       Amendment to Section 401 of the
Original Indenture.

 

Section 401
of the Original Indenture is hereby amended with respect to the Notes to read
as follows in its entirety:

 

“Section 401.Satisfaction
and Discharge of Indenture.

 

This
Indenture shall upon Company Request cease to be of further effect, and the
Trustee, at the expense of the Company, shall execute proper instruments
acknowledging satisfaction and discharge of this Indenture, when

 

(1) either
(A) all Securities theretofore authenticated and delivered (other than (x) Securities
which have been destroyed, lost or stolen and which have been replaced or paid
as provided in Section 306 hereof and (y) Securities for whose
payment money has theretofore been deposited in trust or segregated and held in
trust by the Company and thereafter repaid to the Company or discharged from
such trust, as provided in Section 1003 hereof) have been delivered to the
Trustee for cancellation; or

 

(B) all such Securities not theretofore delivered to the Trustee
for cancellation have become due and payable and the Company has irrevocably
deposited or caused to be irrevocably deposited (in each case except as
provided in Section 402(c) hereof and the last paragraph of Section 1003
hereof) with the Paying Agent or with the Trustee as trust funds in trust for
the purpose an amount of money sufficient to pay and discharge, or has
otherwise paid, the entire Indebtedness on such Securities for principal and
interest, if any;

 

(2) the
Company has paid or caused to be paid all other sums payable hereunder by the
Company; and

 

(3) the
Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for
relating to the satisfaction and discharge of this Indenture have been complied
with;

 

provided,
however, that if the Trustee or any Paying Agent is required to return any
money deposited with it as described in this Section 401 to the Company or
its representative under any applicable Federal or state bankruptcy, insolvency
or similar law, this Indenture shall retroactively be deemed not to have been
satisfied and discharged and automatically shall be reinstated and shall remain
in full force and effect without any further action, but the Company shall 

 

5

 

execute
and deliver such instruments as the Trustee shall reasonably request to
evidence and acknowledge the same.

 

Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the
Company to the Trustee under Section 607 hereof, the obligations of the
Trustee to any Authenticating Agent under Section 614 hereof and, if money
shall have been deposited with the Paying Agent or the Trustee pursuant to
subclause (B) of clause (1) of this Section 401, the obligations
of the Company and the Trustee under Sections 401, 402, 1002 and 1003 hereof
shall survive.”

 

SECTION 302.       Amendment to Section 403 of the
Original Indenture.

 

Section 403 of the
Original Indenture is hereby amended with respect to the Notes to read as
follows in its entirety:

 

“Section 403. Satisfaction,
Discharge and Defeasance of the Notes.

 

The
Company shall be deemed to have paid and Discharged the entire Indebtedness on
all the Outstanding Notes upon the deposit referred to in subparagraph (1) hereof,
and the provisions of this Indenture, as they relate to such Outstanding Notes,
shall no longer be in effect (and the Trustee, at the expense of the Company,
shall at Company Request execute proper instruments acknowledging the same),
except as to:

 

(a)           the rights of Holders of the Notes to
receive, from the trust funds described in subparagraph (1) hereof,
payment of the principal of (and premium, if any) or interest, if any, on the
Outstanding Notes on the Stated Maturity; or to and including the Redemption
Date irrevocably designated by the Company pursuant to subparagraph (4) hereof;

 

(b)           the Company’s obligations with
respect to such Notes under Sections 305, 306, 1002 and 1003 hereof and, if the
Company shall have irrevocably designated a Redemption Date pursuant to
subparagraph (5) hereof, Sections 1101, 1104 and 1106 hereof as they apply
to such Redemption Date;

 

(c)           the Company’s obligations with
respect to the Trustee under Section 607 hereof; and

 

(d)           the rights, powers, trust and
immunities of the Trustee hereunder and the duties of the Trustee under Section 402
hereof and, if the Company shall have irrevocably designated a Redemption Date
pursuant to subparagraph (5) hereof, Article 11 and the duty of the
Trustee to authenticate Notes on registration of transfer or exchange;

 

provided
that, the following conditions shall have been satisfied:

 

6

 

(1) the
Company has irrevocably deposited or caused to be irrevocably deposited (in
each case except as provided in Section 402(c) hereof and the last
paragraph of Section 1003 hereof) with the Trustee as trust funds in
trust, specifically pledged as security for, and dedicated solely to, the
benefit of the Holders of the Notes, an amount of (i) money, or (ii) U.S.
Government Obligations or a combination of money and U.S. Government
Obligations, in each case sufficient, in the opinion of a nationally recognized
firm of independent certified public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge, and which
the Trustee shall be instructed to apply to pay and discharge, the principal of
and interest, if any, on the Notes on the Stated Maturity or to and including
the Redemption Date irrevocably designated by the Company pursuant to
subparagraph (4) hereof; provided, however, that (A) all money
and U.S. Government Obligations deposited pursuant to this Section 403
shall be denominated in U.S. Dollars; and (B) U.S. Government Obligations
shall be valued at the amount of money that they will provide through the
payment of principal and interest in respect thereof in accordance with their
terms no later than one day prior to the Stated Maturity or such Redemption Date,
and shall not contain provisions permitting the redemption or other prepayment
at the option of the issuer thereof prior to the Stated Maturity or such
Redemption Date;

 

(2) no Event of Default or event which with notice or lapse of
time would become an Event of Default (including by reason of such deposit)
with respect to the Notes shall have occurred and be continuing on the date of
such deposit;

 

(3) the Company has delivered to the Trustee an unqualified
opinion, in form and substance reasonably acceptable to the Trustee, of
independent counsel of national standing selected by the Company and
satisfactory to the Trustee to the effect that (i) Holders of the Notes
will not recognize income, gain or loss for Federal income tax purposes as a
result of the deposit, defeasance and discharge, which opinion shall be based
on a change in law or a ruling by the U.S. Internal Revenue Service after the
date hereof and (ii) the defeasance trust is not, or is registered as, an
investment company under the Investment Company Act of 1940;

 

(4) if the Company has deposited or caused to be deposited money
or U.S. Government Obligations to pay or discharge the principal of (and
premium, if any) and interest, if any, on the Outstanding Securities of a
series to and including a Redemption Date on which all of the Outstanding
Securities of such series are to be redeemed, such Redemption Date shall be
irrevocably designated by a Board Resolution delivered to the Trustee on or
prior to the date of deposit of such money or U.S. Government Obligations, and
such Board Resolution shall be accompanied by an irrevocable Company Request
that the Trustee give notice of such 

 

7

 

redemption
in the name and at the expense of the Company not less than 30 nor more than 60
days prior to such Redemption Date in accordance with Section 1104 hereof;

 

(5) the Company has delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the satisfaction and discharge of the
Securities have been complied with.

 

The
condition set forth in clause (i) of subparagraph (3) hereof shall
not apply if the Company shall have complied with the remaining conditions of
subparagraphs 1-5 hereof as of a date which is no less than 60 days prior to
the maturity date.

 

Anything
herein to the contrary notwithstanding, (a) if the Trustee or any Paying
Agent is required to return any money or U.S. Government Obligations deposited
with it pursuant to this Section 403 to the Company or its representative
under any Federal or state bankruptcy, insolvency or similar law, such Security
shall thereupon be deemed retroactively not to have been paid and any
satisfaction and discharge of the Company’s Indebtedness in respect thereof
shall retroactively be deemed not to have been effected, and such Security
shall be deemed to remain Outstanding and the provisions of the Indenture
relating to such Security shall be reinstated and shall remain in full force
and effect and (b) any satisfaction and discharge of the Company’s
Indebtedness in respect of any Security shall be subject to the provisions of
the last paragraph of Section 1003.”

 

SECTION 303.       Amendment to Section 1009 of the
Original Indenture.

 

Subparagraph (i) of Section 1009
of the Original Indenture is hereby amended with respect to the Notes to read
as follows in its entirety:

 

“the Company has irrevocably
deposited or caused to be irrevocably deposited (in each case except as
provided in Section 402(c) hereof and the last paragraph of Section 1003
hereof) with the Trustee (specifying that each deposit is pursuant to this Section 1009)
as trust funds in trust, specifically pledged as security for, and dedicated
solely to, the benefit of the Holders of the Notes, an amount of (i) money
or (ii) U.S. Government Obligations or a combination of money and U.S.
Government Obligations, in each case sufficient, in the opinion of a nationally
recognized firm of independent certified public accountants expressed in a
written certification thereof delivered to the Trustee, to pay and discharge,
and which the Trustee shall be instructed to apply to pay and discharge, the
principal of and each installment of principal and interest, if any, on the
Notes on the Stated Maturity of such principal or to and including the
Redemption Date irrevocably designated by the Company pursuant to subparagraph (4) of
this Section 1009; provided, however, that (A) all money and
U.S. Government Obligations deposited pursuant to this Section 1009 shall
be denominated in U.S. Dollars; and (B) U.S. Government Obligations shall
be valued at the amount of money that they will 

 

8

 

provide through the payment
of principal and interest in respect thereof in accordance with their terms no
later than one day prior to the Stated Maturity or such Redemption Date and
shall not contain provisions permitting the redemption or other prepayment at
the option of the issuer thereof prior to the Stated Maturity;”

 

SECTION 304.       Amendment to Section 1102 of the
Original Indenture.

 

The first sentence of Section 1102
of the Original Indenture is hereby amended with respect to the Notes to read
as follows in its entirety:

 

“The election of the Company
to redeem any Securities shall be authorized and evidenced by a certificate of
the Company’s President, Chief Financial Officer, Vice President, Treasurer or
Assistant Treasurer.”

 

SECTION 305.       Amendment to Section 1104 of the
Original Indenture.

 

The
final paragraph of Section 1104 is hereby deleted, and the following
paragraphs are hereby substituted in its place, with respect to the Notes:

 

“Such notice may state that
such redemption shall be conditional upon the receipt by the Trustee or Paying
Agent, on or prior to the Redemption Date, of money sufficient to pay the
Redemption Price and accrued and unpaid interest, if any, on such Securities
and that if such money shall not have been so received such notice shall be of
no force and effect and the Company shall not be required to redeem such
Securities; provided, however, that any notice of redemption shall become
unconditional and irrevocable upon the deposit 
of money or U.S. Government Obligations, or a combination of money and
U.S. Government Obligations, with the Trustee or the Paying Agent pursuant to Section 403
or Section 1009.  If such notice of
redemption contains such a condition and such money is not so received, the
redemption shall not be made and within a reasonable time thereafter notice
shall be given, in the manner in which the notice of redemption was given, that
such money was not so received and such redemption was not required to be made,
and the Trustee or the Paying Agent for the Securities otherwise to have been
redeemed shall promptly return to the Holders thereof any of such Securities
which had been surrendered for payment upon such redemption.

 

Notice of redemption of
Securities to be redeemed at the election of the Company, and any notice of
non-satisfaction of a condition for redemption as aforesaid, shall be given by
the Company or, at the Company’s request, by the Trustee in the name and at the
expense of the Company.  Notice of
mandatory redemption of Securities shall be given by the Trustee in the name
and at the expense of the Company.”

 

9

 

SECTION 306.       Amendment to Section 1106 of the
Original Indenture.

 

Section 1106
of the Original Indenture is hereby amended with respect to the Notes to read
as follows in its entirety:

 

“Section 1106.       Securities Payable on Redemption Date.

 

(a)           Notice of redemption having been given as aforesaid, and
the conditions, if any, set forth in such notice having been satisfied, the
Securities so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price therein specified, and from and after such date
(unless, in the case of an unconditional notice of redemption, the Company
shall default in the payment of the Redemption Price and accrued and unpaid
interest, if any) such Securities shall cease to bear interest. Upon surrender
of any such Security for redemption in accordance with said notice, such
Security shall be paid by the Company at the Redemption Price, together with
accrued and unpaid interest to the Redemption Date; provided, however, that
installments of interest whose Stated Maturity is on or prior to the Redemption
Date shall be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the
relevant Record Dates according to their terms and the provisions of Section 307
hereof.

 

(b)           If any Security called for redemption shall not be so paid
upon surrender thereof for redemption, the principal (and premium, if any)
shall, until paid, bear interest from the Redemption Date at the rate
prescribed therefor in the Security.”

 

10

 

ARTICLE
FOUR

 

Miscellaneous

 

SECTION 401.       Execution as Supplemental Indenture.

 

This  Supplemental Indenture is executed and shall
be construed as an indenture supplemental to the Original Indenture and, as
provided in the Original Indenture, this 
Supplemental Indenture forms a part thereof.

 

SECTION 402.       Conflict with Trust Indenture Act.

 

If any provision hereof
limits, qualifies or conflicts with another provision hereof which is required
to be included in this  Supplemental
Indenture by any of the provisions of the Trust Indenture Act, such required
provision shall control.

 

SECTION 403.       Effect of Headings.

 

The Article and Section headings
herein are for convenience only and shall not affect the construction hereof.

 

SECTION 404.       Successors and Assigns.

 

All covenants and agreements
by the Company in this  Supplemental
Indenture shall bind its successors and assigns, whether so expressed or not.

 

SECTION 405.       Separability Clause.

 

In case any provision in
this  Supplemental Indenture or in the
Notes shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

 

SECTION 406.       Benefits of  Supplemental Indenture.

 

Nothing in this  Supplemental Indenture or in the Notes,
express or implied, shall give to any Person, other than the parties hereto and
their successors hereunder and the Holders, any benefit or any legal or equitable
right, remedy or claim under this 
Supplemental Indenture.

 

SECTION 407.       Recitals.

 

The Trustee shall have no
responsibility for the recitals contained in this  Supplemental Indenture, all of which shall be
taken as the statements of the Company, or for the validity or sufficiency of
this  Supplemental Indenture.

 

SECTION 408.       Governing Law.

 

This  Supplemental Indenture shall be governed by
and construed in accordance with the laws of the State of New York.

 

11

 

SECTION 409.       Execution and Counterparts.

 

This  Supplemental Indenture may be executed in any
number of counterparts, each of which shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same
instrument.

 

SECTION 410.       Liability of Trustees and Shareholders.

 

The Declaration of Trust of
the Company provides that no shareholder of the Company shall be held to any
liability whatever for the payment of any sum of money, or for damages or
otherwise under any contract, obligation or undertaking made, entered into or
issued by the trustees of the Company or by any officer, agent or
representative elected or appointed by the trustees and no such contract,
obligation or undertaking shall be enforceable against the trustees or any of
them in their or his individual capacities or capacity and all such contracts,
obligations and undertakings shall be enforceable only against the trustees as
such, and every person, firm, association, trust and corporation having any claim
or demand arising out of any such contract, obligation or undertaking shall
look only to the trust estate for the payment or satisfaction thereof.

 

IN WITNESS WHEREOF, the
parties hereto have caused this 
Supplemental Indenture to be duly executed, all as of the day and year
first above written.

 

 

	
   

  	
  NORTHEAST UTILITIES

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK MELLON TRUST
  COMPANY, N.A.,

  
	
   

  	
  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

12

 

	
  STATE OF

  	
  )

  
	
   

  	
  ) ss.:

  
	
  COUNTY OF

  	
  )

  

 

On
the    day of
                      ,
before me personally came                       ,
to me known, who, being by me duly sworn, did depose and say that he is the
                      of
Northeast Utilities, one of the corporations described in and which executed
for the foregoing instrument; and that he signed his name thereto by authority
of the Board of Trustees of said corporation.

 

 

	
   

  	
   

  
	
   

  	
  Notary Public

  

 

 

	
  STATE OF NEW YORK

  	
  )

  
	
   

  	
  )ss.:

  
	
  COUNTY OF NEW YORK

  	
  )

  

 

On the    day of               ,
before me personally came
                                      ,
to me known, who, being by me duly sworn, did depose and say that he is a
                        
of The Bank of New York Mellon Trust Company, N.A., a national banking association,
one of the entities described in and which executed the foregoing instrument;
and that he signed his name thereto by authority of the Board of Directors of
said corporation.

 

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Notary Public

  

 

13

 

EXHIBIT A

 

[Form of Face of Global Security]

 

THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY.  THIS SECURITY IS EXCHANGEABLE FOR SECURITIES
REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE
ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER
OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO
THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED
EXCEPT IN LIMITED CIRCUMSTANCES.

 

Unless this certificate is
presented by an authorized representative of The Depository Trust Company, a
New York corporation (“DTC”), to Northeast Utilities or its agent for
registration of transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

 

NORTHEAST UTILITIES

 

SENIOR NOTES, SERIES   , DUE

 

	
  CUSIP NO.

  	
   

  	
  $

  
	
   

  	
   

  	
   

  
	
  No. 1

  	
   

  	
   

  

 

NORTHEAST UTILITIES, a
voluntary association duly organized and existing under the laws of the
Commonwealth of Massachusetts (the “Company,” which term includes any successor
corporation under the Indenture hereinafter referred to), for value received,
hereby promises to pay to Cede & Co., or registered assigns, the
principal sum of
                                
($               )
on       ,       (the “Final
Maturity”), and to pay interest thereon from the date of original issuance of
the Notes or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, semiannually in arrears on       
and              of
each year, commencing
                         ,
at the rate of           %
per annum, until the principal hereof is paid or made available for payment
and, subject to the terms of the Indenture, at the rate of               %
per annum on any overdue principal and premium and (to the extent that the
payment of such interest shall be legally enforceable) on any overdue
installment of interest.

 

A-1

 

The amount of interest
payable will be computed on the basis of a 360-day year consisting of twelve
thirty day months and, for any period shorter than a full month, on the basis
of the actual number of days elapsed in such period.  In any case where any Interest Payment Date,
the Final Maturity or Redemption Date is not a Business Day, then payment of
principal and interest, if any, or principal and premium, if any, payable on
such date will be made on the next succeeding day which is a Business Day (and
without any interest or other payment in respect of any such delay), in each
case with the same force and effect as if made on such date.  A “Business Day” shall mean any day, except a
Saturday, a Sunday or a legal holiday in the Place of Payment on which banking
institutions are authorized or required by law, regulation or executive order
to close.

 

The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as
provided in the Indenture, be paid to the Person in whose name this Security is
registered at the close of business on the Regular Record Date for such
interest, which shall be (1) the Business Day next preceding such Interest
Payment Date if this Security remains in book-entry only form or (2) the
15th calendar day (whether or not a Business Day) next preceding such Interest
Payment Date if this Security does not remain in book-entry only form. Any such
interest not so punctually paid or duly provided for will forthwith cease to be
payable to the Holder on such date and may either be paid to the Person in
whose name this Security is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series
not less than 10 days prior to such Special Record Date, or be paid at any time
in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully
provided in said Indenture.

 

Payment of the principal of
(and premium, if any) and any interest on this Security will be made at the
office or agency of the Company maintained for that purpose in Boston,
Massachusetts, in such coin or currency of the United States of America as at
the time of payment is legal tender for payment of public and private debts;
provided, however, that at the option of the Company payment of interest may be
made by check mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register.

 

This Security has initially
been issued in the form of a Global Security, and the Company has initially
designated The Depository Trust Company, New York, New York (the “Depositary,”
which term shall include any successor depositary) as the Depositary for this
Security.  For as long as this Security
or any portion hereof is issued in such form, and notwithstanding the previous
paragraph, all payments of interest, principal and other amounts in respect of
this Security or portion thereof shall be made to the Depositary or its nominee
in accordance with its applicable policies and procedures, in the coin or
currency specified above and as further provided on the reverse hereof.

 

A-2

 

Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which
further provisions shall for all purposes have the same effect as if set forth
at this place.

 

Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the
reverse hereof by manual signature, this Security shall not be entitled to any
benefit under the Indenture or be valid or obligatory for any purpose.

 

A-3

 

[Form of
Reverse of Global Security]

 

NORTHEAST UTILITIES

 

SENIOR NOTES, SERIES   , DUE

 

This Security is one of a
duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of April 1,
2002, as amended and supplemented from time to time and as amended and
supplemented by the Supplemental Indenture dated as of
                    
(herein called the “Indenture”, which term shall have the meaning assigned to
it in such instrument), between the Company and The Bank of New York Mellon
Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A.
(as successor to The Bank of New York), as Trustee (herein called the “Trustee”,
which term includes any successor trustee under Indenture), as to which
Indenture and all indentures supplemental thereto reference is hereby made for
a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders and of the terms upon
which the Securities are, and are to be, authenticated and delivered.  This Security is one of the series designated
on the face hereof, initially limited in aggregate principal amount to
$               .  The provisions of this Security, together
with the provisions of the Indenture, shall govern the rights, obligations,
duties and immunities of the Holder, the Company and the Trustee with respect
to this Security, provided that, if any provision of this Security conflicts
with any provision of the Indenture, the provision of this Security shall be
controlling to the fullest extent permitted under the Indenture.

 

This Security may be
redeemed in whole at any time or in part from time to time at the option of the
Company at a redemption price equal to the greater of:

 

·                                          one hundred percent (100%)
of the principal amount of the Securities being redeemed, plus accrued interest
thereon to the redemption date; or

 

·                                          as determined by the
Quotation Agent, the sum of the present value of the remaining scheduled
payments of principal and interest on the Securities to be redeemed (not
including any portion of payments of interest accrued as of the redemption
date) discounted to the redemption date on a semi-annual basis at the Adjusted
Treasury Rate plus        basis points, plus
accrued interest to the redemption date.

 

The redemption price will be
calculated assuming a 360-day year consisting of twelve 30-day months.

 

“Adjusted Treasury Rate”
means, with respect to any redemption date, the rate per year equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
assuming a price for the Comparable Treasury Issue (expressed as a

 

A-4

 

percentage of its principal
amount) equal to the Comparable Treasury Price for that redemption date.

 

“Comparable Treasury Issue”
means the United States Treasury security selected by the Quotation Agent as
having a maturity comparable to the remaining term of the Securities that would
be used, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Securities.

 

“Comparable Treasury Price”
means, with respect to any redemption date: 
(i) the average of the Reference Treasury Dealer Quotations for
that redemption date, after excluding the highest and lowest of the Reference
Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer than
three Reference Treasury Dealer Quotations, the average of all Reference
Treasury Dealer Quotations so received.

 

“Quotation Agent” means the
Reference Treasury Dealer appointed by the Company.

 

“Reference Treasury Dealer”
means a primary U.S. Government securities dealer in New York City selected by
the Company.

 

“Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Trustee, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Trustee by that
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
business day preceding that redemption date.

 

The Company will mail notice
of any redemption to the Holder, not more than sixty (60) days nor less than
thirty (30) days before the redemption date.

 

Unless the Company defaults
in payment of the redemption price, on and after the redemption date, interest
will cease to accrue on the Securities called for redemption.

 

The Securities of this
series will not be subject to any sinking fund.

 

If an Event of Default with
respect to Securities of this series shall occur and be continuing, the
principal of the Securities of this series may be declared due and payable in
the manner and with the effect provided in the Indenture.

 

The Indenture permits, with
certain exceptions as therein provided, the amendment thereof and the modification
of the rights and obligations of the Company and the rights of the Holders of
the Securities of each series to be affected under the Indenture at any time by
the Company and the Trustee with the consent of the Holders of a majority in
principal amount of the Securities at the time Outstanding of all series to be
affected (voting as one class).  The
Indenture also contains provisions permitting the Holders of specified
percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to
waive compliance by the Company with certain provisions of the Indenture and
certain past 

 

A-5

 

defaults under the Indenture
and their consequences.  Any such consent
or waiver by the Holder of this Security shall be conclusive and binding upon
such Holder and upon all future Holders of this Security and of any Security
issued upon the registration of transfer hereof or in exchange herefor or in
lieu hereof, whether or not notation of such consent or waiver is made upon
this Security.

 

No reference herein to the
Indenture and no provision of this Security or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to
pay the principal of (and the premium, if any) and interest, if any, on this
Security at the time, place and rate, and in the coin or currency, herein
prescribed.

 

This Security shall be
exchangeable for Securities registered in the names of Persons other than the
Depositary with respect to such series or its nominee only as provided in this
paragraph.  This Security shall be so
exchangeable if (x) the Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for such series or at any time
ceases to be a clearing agency registered or in good standing as such under the
Securities Exchange Act of 1934 and a successor Depositary is not appointed by
the Company within ninety (90) days after the Company receives such notice or
becomes aware of such condition, as the case may be, (y) the Company
executes and delivers to the Trustee an Officers’ Certificate providing that
this Security shall be so exchangeable or (z) there shall have occurred
and be continuing an Event of Default with respect to the Securities of the
series of which this Security is a part. 
Securities so issued in exchange for this Security shall be of the same
series, having the same interest rate, if any, and maturity and having the same
terms as this Security, in authorized denominations and in the aggregate having
the same principal amount as this Security and registered in such names as the
Depositary for such Global Security shall direct.

 

As provided in the Indenture
and subject to certain limitations therein set forth, the transfer of a
Security of the series of which this Security is a part is registrable in the
Security Register, upon surrender of this Security for registration of transfer
at the office or agency of the Company in any place where the principal of (and
the premium, if any) and interest, if any, on this Security are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to
the designated transferee or transferees.

 

The Securities of the series
of which this Security is a part are issuable only in registered form without
coupons in denominations of $1,000 and any integral multiple thereof.  As provided in the Indenture and subject to
certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series
and of like tenor of a different authorized denomination, as requested by the
Holder surrendering the same.

 

No service charge shall be
made for any such registration of transfer or exchange, but the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.

 

A-6

 

Prior to due presentment of
this Security for registration of transfer, the Company, the Trustee and any
agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this
Security be overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary.

 

For so long as this Security
is issued in the form of a Global Security, neither the Company nor the Trustee
will have any responsibility with respect to the policies and procedures of the
Depositary or for any notices or other communications among the Depositary, its
direct and indirect participants or the beneficial owners of this Security.

 

Neither the failure to give
any notice nor any defect in any notice given to the Holder of this Security or
any other Security of this series will affect the sufficiency of any notice
given to any other Holder of any Securities of this series.

 

The Indenture provides that
the Company, at its option (a) will be discharged from any and all
obligations in respect of the Securities (except for certain obligations to
register the transfer or exchange of Securities, replace stolen, lost or
mutilated Securities, maintain paying agencies and hold moneys for payment in
trust) or (b) need not comply with certain restrictive covenants of the
Indenture, in each case if the Company deposits, in trust, with the Trustee
money or U.S. Government Obligations which, through the payment of interest
thereon and principal thereof in accordance with their terms, will provide
money, in an amount sufficient to pay all the principal of and premium, if any
and interest, if any, on the Securities on the dates such payments are due in
accordance with the terms of such Securities, and certain other conditions are
satisfied.

 

No recourse shall be had for
the payment of the principal of or the interest on this Security, or for any
claim based hereon, or otherwise in respect hereof, or based on or in respect
of the Indenture or any indenture supplemental thereto, against any trustee,
incorporator, stockholder, officer or director, as such, past, present or
future, of the Company or any successor corporation, either directly or through
the Company or any successor corporation, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise, all such liability being, by the acceptance
hereof and as part of the consideration for the issuance hereof, expressly
waived and released.

 

The Declaration of Trust of
the Company provides that no shareholder of the Company shall be held to any
liability whatsoever for the payment of any sum of money, or for damages or
otherwise under any contract, obligation or undertaking made, entered into or
issued by the trustees of the Company or by any officer, agent or
representative elected or appointed by the trustees and no such contract,
obligation or undertaking shall be enforceable against the trustees or any of
them in their or his individual capacities or capacity and all such contracts,
obligations and undertakings shall be enforceable only against the trustees as
such, and every person, firm, association, trust and corporation having any
claim or demand arising out of any such contract, obligation or undertaking
shall look only to the trust estate for the payment or satisfaction thereof.

 

A-7

 

This Security shall be
governed by and construed in accordance with the laws of the State of New York.

 

All terms used in this
Security not defined herein which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

 

IN WITNESS WHEREOF,
Northeast Utilities has caused this instrument to be duly executed.

 

	
  Dated:

  
	
   

  
	
  NORTHEAST UTILITIES

  
	
   

  
	
   

  
	
  By: 

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the
Securities of the series designated herein referred to in the within mentioned
Indenture.

 

	
  Dated:

  
	
   

  
	
   

  
	
  THE BANK OF NEW YORK MELLON
  TRUST COMPANY, N.A.,

  
	
  as Trustee

  
	
   

  
	
   

  
	
  By: 

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  

 

A-8Exhibit 4.2(B)

 

SUPPLEMENTAL
INDENTURE

 

Dated as
of  , 20

 

To

 

Indenture
of Mortgage and Deed of Trust

 

Dated as
of May 1, 1921

as
Amended and Restated

as of April
7, 2005

 

 

 

THE
CONNECTICUT LIGHT AND POWER COMPANY

 

TO

 

DEUTSCHE
BANK TRUST COMPANY AMERICAS

(f/k/a
BANKERS TRUST COMPANY),

Trustee

 

 

 

 % First and Refunding Mortgage Bonds,      Series   , due 20

 

 

THE
CONNECTICUT LIGHT AND POWER COMPANY

Supplemental Indenture, Dated as of      
1, 20

Table
of Contents

 

	
   

  	
   

  	
  Page

  
	
  Parties

  	
   

  	
  1

  
	
  Recitals

  	
   

  	
  1

  
	
  Granting
  Clauses

  	
   

  	
  2

  
	
  Habendum

  	
   

  	
  3

  
	
  Grant
  in Trust

  	
   

  	
  3

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  1.

  	
  FORM AND
  PROVISIONS OF BONDS OF SERIES

  	
  3

  
	
   

  	
   

  	
   

  
	
  SECTION
  1.01.

  	
  Designation;
  Amount

  	
  3

  
	
  SECTION
  1.02.

  	
  Form of
  Bonds of      Series  

  	
  4

  
	
  SECTION
  1.03.

  	
  Provisions
  of Bonds of      Series  ; Interest Accrual

  	
  4

  
	
  SECTION
  1.04.

  	
  Transfer
  and Exchange of Bonds of     
  Series  

  	
  5

  
	
  SECTION
  1.05.

  	
  Consent
  to Amendment and Restatement of Mortgage Indenture

  	
  5

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  2.

  	
  REDEMPTION
  OF BONDS OF      Series

  	
  5

  
	
   

  	
   

  	
   

  
	
  SECTION
  2.01.

  	
  Redemption
  of Bonds of      Series  

  	
  5

  
	
  SECTION
  2.02.

  	
  Definitions
  Applicable to Redemption Provisions

  	
  6

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  3.

  	
  MISCELLANEOUS

  	
  7

  
	
   

  	
   

  	
   

  
	
  SECTION
  3.01.

  	
  Benefits
  of Supplemental Indenture and Bonds of     
  Series  

  	
  7

  
	
  SECTION
  3.02.

  	
  Effect
  of Table of Contents and Headings

  	
  7

  
	
  SECTION
  3.03.

  	
  Counterparts

  	
  7

  
	
   

  	
   

  	
   

  
	
  TESTIMONIUM

  	
   

  	
  7

  
	
   

  	
   

  	
   

  
	
  SIGNATURES

  	
   

  	
  8

  
	
   

  	
   

  
	
  ACKNOWLEDGMENTS

  	
  8

  

 

SCHEDULE A – Form of
Bond of      Series  , Form of Trustee’s Certificate

SCHEDULE B – Property
Subject to the Lien of the Mortgage

 

i

 

SUPPLEMENTAL
INDENTURE, dated
as of the first day of       between THE CONNECTICUT LIGHT AND POWER COMPANY, a corporation
organized and existing under the laws of the State of Connecticut (hereinafter
called “Company”), and DEUTSCHE BANK TRUST COMPANY
AMERICAS (f/k/a BANKERS TRUST COMPANY), a corporation organized and
existing under the laws of the State of New York (hereinafter called “Trustee”).

 

WHEREAS,
the Company heretofore duly executed, acknowledged and delivered to the Trustee
a certain Indenture of Mortgage and Deed of Trust dated as of May 1, 1921, and
seventy-seven Supplemental Indentures thereto dated respectively as of May 1,
1921, February 1, 1924, July 1, 1926, June 20, 1928, June 1, 1932, July 1,
1932, July 1, 1935, September 1, 1936, October 20, 1936, December 1, 1936, December
1, 1938, August 31, 1944, September 1, 1944, May 1, 1945, October 1, 1945, November
1, 1949, December 1, 1952, December 1, 1955, January 1, 1958, February 1, 1960,
April 1, 1961, September 1, 1963, April 1, 1967, May 1, 1967, January 1, 1968, October
1, 1968, December 1, 1969, January 1, 1970, October 1, 1970, December 1, 1971, August
1, 1972, April 1, 1973, March 1, 1974, February 1, 1975, September 1, 1975, May
1, 1977, March 1, 1978, September 1, 1980, October 1, 1981, June 30, 1982, October
1, 1982, July 1, 1983, January 1, 1984, October 1, 1985, September 1, 1986, April
1, 1987, October 1, 1987, November 1, 1987, April 1, 1988, November 1, 1988, June
1, 1989, September 1, 1989, December 1, 1989, April 1, 1992, July 1, 1992, October
1, 1992, July 1, 1993, July 1, 1993, December 1, 1993, February 1, 1994, February
1, 1994, June 1, 1994, October 1, 1994, June 1, 1996, January 1, 1997, May 1,
1997, June 1, 1997, June 1, 1997, May 1, 1998, May 1, 1998, September 1, 2004, September
1, 2004, April 1, 2005, June 1, 2006, March 1, 2007, September 1, 2007 and May 1,
2008 (said Indenture of Mortgage and Deed of Trust (i) as heretofore amended,
including as amended and restated in its entirety on April 7, 2005, being hereinafter
generally called the “Mortgage Indenture,” and (ii) together with said
Supplemental Indentures thereto, being hereinafter generally called the “Mortgage”),
all of which have been duly recorded as required by law, for the purpose of
securing its First and Refunding Mortgage Bonds (of which $              aggregate principal amount are
outstanding at the date of this Supplemental Indenture) in an unlimited amount,
issued and to be issued for the purposes and in the manner therein provided, of
which Mortgage this Supplemental Indenture is intended to be made a part, as
fully as if therein recited at length;

 

WHEREAS,
the Company, by appropriate and sufficient corporate action in conformity with
the provisions of the Mortgage, has duly determined to create a further series
of bonds under the Mortgage to be designated “ % First and Refunding Mortgage
Bonds,      Series   , due   
“ (hereinafter generally referred to as the “bonds of      Series   “), to consist of fully registered bonds
containing terms and provisions duly fixed and determined by the Board of
Directors of the Company and expressed in this Supplemental Indenture, such
fully registered bonds and the Trustee’s certificate of its authentication
thereof to be substantially in the forms thereof respectively set forth in Schedule A appended hereto and made a part hereof; and

 

WHEREAS,
the execution and delivery of this Supplemental Indenture and the issue of not
in excess initially of                  
Million Dollars ($              )
in aggregate principal amount of bonds of     
Series    and other necessary
actions have been duly authorized by the Board of Directors of the Company; and

 

1

 

WHEREAS,
the Company has purchased, constructed or otherwise acquired certain additional
property not specifically described in the Mortgage but which is and is
intended to be subject to the lien thereof, and proposes specifically to
subject such additional property to the lien of the Indenture at this time; and

 

WHEREAS,
the Company proposes to execute and deliver this Supplemental Indenture to
provide for the issue of the bonds of     
Series   , to subject such
additional property to the lien of the Mortgage and to confirm the lien of the
Mortgage on the Property referred to below, all as permitted by Sections 401
and 1301 of the Mortgage Indenture; and

 

WHEREAS,
all acts and things necessary to constitute this Supplemental Indenture a
valid, binding and legal instrument and to make the bonds of      Series   , when
executed by the Company and authenticated by the Trustee, the valid, binding
and legal obligations of the Company have been authorized and performed;

 

NOW, THEREFORE,
THIS SUPPLEMENTAL INDENTURE OF MORTGAGE AND DEED OF TRUST WITNESSETH:

 

That in order to
secure the payment of the principal of and interest on all bonds issued and to
be issued under the Mortgage, according to their tenor and effect, and
according to the terms of the Mortgage and this Supplemental Indenture, and to
secure the performance of the covenants and obligations in said bonds and in
the Mortgage and this Supplemental Indenture respectively contained, and for
the better assuring and confirming unto the Trustee, its successor or
successors and its or their assigns, upon the trusts and for the purposes
expressed in the Mortgage and this Supplemental Indenture, all and singular the
hereditaments, premises, estates and property of the Company thereby conveyed
or assigned or intended so to be, or which the Company may thereafter have become
bound to convey or assign to the Trustee, as security for said bonds (except
such hereditaments, premises, estates and property as shall have been disposed
of or released or withdrawn from the lien of the Mortgage and this Supplemental
Indenture, in accordance with the provisions thereof and subject to
alterations, modifications and changes in said hereditaments, premises, estates
and property as permitted under the provisions thereof), the Company, for and
in consideration of the premises and the sum of One Dollar ($1.00) to it in
hand paid by the Trustee, the receipt whereof is hereby acknowledged, and of
other valuable considerations, has granted, bargained, sold, assigned,
mortgaged, pledged, transferred, set over, aliened, enfeoffed, released, conveyed
and confirmed, and by these presents does grant, bargain, sell, assign,
mortgage, pledge, transfer, set over, alien, enfeoff, release, convey and
confirm unto said Deutsche Bank Trust Company Americas (f/k/a Bankers Trust
Company), as Trustee, and its successor or successors in the trusts created by
the Mortgage and this Supplemental Indenture, and its and their assigns, all of
said hereditaments, premises, estates and property (except and subject as
aforesaid), as fully as though described at length herein, including, without
limitation of the foregoing, the property, rights and privileges of the Company
described or referred to in Schedule B
hereto.

 

Together
with all plants, buildings, structures, improvements and machinery located upon
said real estate or any portion thereof, and all rights, privileges and
easements of every kind and nature appurtenant thereto, and all and singular
the tenements, hereditaments and appurtenances belonging to the real estate or
any part thereof described or referred to in Schedule B
or intended 

 

2

 

so to be, or in any wise appertaining thereto, and the
reversions, remainders, rents, issues and profits thereof, and also all the
estate, right, title, interest, property, possession, claim and demand
whatsoever, as well in law as in equity, of the Company, of, in and to the same
and any and every part thereof, with the appurtenances; except and subject as
aforesaid.

 

TO
HAVE AND TO HOLD all and singular the property, rights and privileges hereby
granted or mentioned or intended so to be, together with all and singular the
reversions, remainders, rents, revenues, income, issues and profits, privileges
and appurtenances, now or hereafter belonging or in any way appertaining thereto,
unto the Trustee and its successor or successors in the trust created by the
Mortgage and this Supplemental Indenture, and its and their assigns, forever,
and with like effect as if the above described property, rights and privileges
had been specifically described at length in the Mortgage and this Supplemental
Indenture.

 

Subject,
however, to permitted liens, as defined in the Mortgage Indenture.

 

IN
TRUST, NEVERTHELESS, upon the terms and trusts of the Mortgage and this
Supplemental Indenture for those who shall hold the bonds and coupons issued
and to be issued thereunder, or any of them, without preference, priority or
distinction as to lien of any of said bonds and coupons over any others thereof
by reason of priority in the time of the issue or negotiation thereof, or
otherwise howsoever, subject, however, to the provisions in reference to
extended, transferred or pledged coupons and claims for interest set forth in
the Mortgage and this Supplemental Indenture (and subject to any sinking fund
that may heretofore have been or hereafter be created for the benefit of any
particular series).

 

And it
is hereby covenanted that all such bonds of     
Series    are to be issued,
authenticated and delivered, and that the mortgaged premises are to be held by
the Trustee, upon and subject to the trusts, covenants, provisions and
conditions and for the uses and purposes set forth in the Mortgage and this
Supplemental Indenture and upon and subject to the further covenants,
provisions and conditions and for the uses and purposes hereinafter set forth,
as follows, to wit:

 

ARTICLE 1.

 

FORM AND PROVISIONS OF BONDS OF     
SERIES

 

SECTION 1.01.                    Designation; Amount. 
The bonds of      Series    shall be designated “ % First and Refunding
Mortgage Bonds,      Series   ,
due    “ and shall initially be
authenticated in the aggregate principal amount of             Million Dollars ($             ). 
The initial issue of the bonds of     
Series    may be effected upon
compliance with the applicable provisions of the Mortgage Indenture.  Additional bonds of      Series   , without limitation as to amount, having the
same terms and conditions as the bonds of     
Series    (except for the date of
original issuance, the initial interest payment date and the offering price) may
also be issued by the Company without the consent of the holders of the bonds
of      Series   , pursuant to a separate supplemental indenture
related thereto.  Such additional bonds
of      Series    shall be part of the same series as the
bonds of      Series   .

 

3

 

SECTION 1.02.                    Form of Bonds of      Series   . 
The bonds of      Series    shall be issued only in fully registered
form without coupons in denominations of One Thousand Dollars ($1,000) and
multiples thereof.

 

The
bonds of      Series    and the certificate of the Trustee upon said
bonds shall be substantially in the forms thereof respectively set forth in Schedule A appended hereto.

 

SECTION 1.03.                    Provisions of Bonds of      Series
  ; Interest Accrual.  The bonds of      Series    shall mature on       1, 20 and shall bear interest, including
on overdue interest, payable semiannually on the first day of        and         of each year, commencing          1, 20   , at the rate specified in their title,
until the Company’s obligation in respect of the principal thereof shall be
discharged; and shall be payable both as to principal and interest at the
office or agency of the Company in the Borough of Manhattan, New York, New
York, in any coin or currency of the United States of America which at the time
of payment is legal tender for the payment of public and private debts.  The interest on the bonds of      Series   , whether in temporary or definitive form,
shall be payable without presentation of such bonds; and only to or upon the
written order of the registered holders thereof of record at the applicable
record date (as hereinafter defined). 
The bonds of      Series    shall be callable for redemption in whole or
in part according to the terms and provisions herein in Article 2.

 

Each
bond of      Series    authenticated in accordance with the terms
of this Supplemental Indenture shall be dated as of        , 20  
and shall bear interest on the principal amount thereof from the
interest payment date next preceding the date of authentication thereof by the
Trustee to which interest has been paid on the bonds of      Series   , or if the date of authentication thereof is
prior to           , then from         , or if the date of authentication
thereof be an interest payment date to which interest is being paid or a date
between the record date for any such interest payment date and such interest
payment date, then from such interest payment date.  Interest on the bonds of      Series    shall be computed on the basis of a 360-day
year consisting of twelve 30-day months, and with respect to any period less
than a full month, on the basis of the actual number of days elapsed in such
period.

 

The
person in whose name any bond of      Series
   is registered at the close of business
on any record date with respect to any interest payment date shall be entitled
to receive the interest payable on such interest payment date notwithstanding
the cancellation of such bond upon any registration of transfer or exchange
thereof subsequent to the record date and prior to such interest payment date,
except that if and to the extent the Company shall default in the payment of
the interest due on such interest payment date, then such defaulted interest
shall be paid to the person in whose name such bond is registered on a
subsequent record date for the payment of defaulted interest if one shall have
been established as hereinafter provided and otherwise on the date of payment
of such defaulted interest.  A subsequent
record date may be established by the Company by notice mailed to the owners of
bonds of      Series    not less than ten (10) days preceding such
record date, which record date shall not be more than thirty (30) days prior to
the subsequent interest payment date. The term “record date” as used in this Section
with respect to any regular interest payment (i.e.,    1 or     
1) shall mean the      15 or         15, as the case may be, next preceding
such interest payment date, or if such      
15 or         15 shall be a legal holiday or a day on
which banking institutions in the Borough of Manhattan,

 

4

 

 

New York, New York are authorized by law to close, the
next preceding day which shall not be a legal holiday or a day on which such
institutions are so authorized to close.

 

SECTION 1.04.                    Transfer and Exchange of Bonds of     
Series   . 
The bonds of      Series   
may be surrendered for registration of transfer as provided in Section 305
of the Mortgage Indenture at the office or agency of the Company in the Borough
of Manhattan, New York, New York, and may be surrendered at said office for
exchange for a like aggregate principal amount of bonds of      Series    of other authorized denominations.  Notwithstanding the provisions of Section 305
of the Mortgage Indenture, no charge, except for taxes or other governmental
charges, shall be made by the Company for any registration of transfer of bonds
of      Series    or for the exchange of any bonds of      Series    for bonds of other authorized denominations.

 

SECTION 1.05.                    Consent to Amendment and Restatement of Mortgage Indenture. 
Each holder of a bond of      Series   , solely by virtue of its acquisition
thereof, including as an owner of a book-entry interest therein, shall have and
be deemed to have consented, without the need for any further action or consent
by such holder, to the amendment and restatement of the Mortgage Indenture in
the form set forth in Schedule C to
the Supplemental Indenture dated as of April 1, 2005.

 

ARTICLE 2.

 

REDEMPTION
OF BONDS OF      SERIES

 

SECTION 2.01.                    Redemption of Bonds of      Series   .  The bonds
of      Series    are subject to redemption prior to maturity,
as a whole at any time or in part from time to time, in accordance with the
provisions of the Mortgage, upon not less than thirty (30) days and not more
than sixty (60) days prior notice (which notice may be made subject to the
deposit of redemption moneys with the Trustee before the date fixed for
redemption) given by mail as provided in the Mortgage, at the option of the
Company, at a redemption price equal to the greater of (i) 100% of the
principal amount of the bonds of      Series    being redeemed or (ii) the sum of the
present values of the remaining scheduled payments of principal and interest
thereon (excluding the portion of any such interest accrued to the redemption
date), discounted to the date of redemption on a semiannual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate (as
defined in Section 2.02), plus  
basis points, plus, in each case, accrued and unpaid interest on the
principal amount of the bonds of      Series    being redeemed to the date of redemption
(the “Redemption Date”).

 

So
long as the bonds of      Series    are registered in the name of The Depository
Trust Company, as depositary (“DTC”), its nominee or a successor depositary, if
the Company elects to redeem less than all of the bonds of      Series   , DTC’s practice is to determine by lot the
amount of the interest of each direct participant, in the bonds of      Series    to be redeemed.  At all other times, the Trustee shall draw by
lot, in such manner as it deems appropriate, the particular bonds of      Series   , or portions of them, to be redeemed.

 

5

 

Notice of
redemption shall be given by mail to the holders of bonds of      Series   , which, as long as the bonds of      Series    are held in the book-entry only system, will
be DTC, its nominee or a successor depositary. 
On and after the Redemption Date (unless the Company defaults in the
payment of the redemption price and interest accrued thereon to such date),
interest on the bonds of      Series   , or the portions of them so called for
redemption, shall cease to accrue.

 

The bonds of      Series    are not otherwise subject to redemption.

 

SECTION 2.02.                    Definitions Applicable to Redemption Provisions. 
As used in this Article 2:

 

“Comparable
Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having an actual maturity comparable to the
remaining term of the bonds of      Series    being redeemed that would be utilized, at
the time of selection and in accordance with customary financial practice, in
pricing new issues of corporate debt securities of comparable maturity to the
remaining term of such bonds.

 

“Comparable
Treasury Price” means with respect to any Redemption Date (i) the average
of the Reference Treasury Dealer Quotations for such Redemption Date, after
excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if
the Company obtains fewer than four such Reference Treasury Dealer Quotations,
the average of all such quotations.

 

“Independent
Investment Banker” means an independent investment banking institution of
national standing appointed by the Company.

 

“Reference Treasury Dealer”
means any four primary U.S. Government securities dealers in The City of New
York selected by the Company.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Company, of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case
as a percentage of its principal amount) quoted in writing to the Company by
such Reference Treasury Dealer at 3:30 p.m., New York time, on the third
business day preceding such Redemption Date.

 

“Treasury
Rate” means, with respect to any Redemption Date, the rate per annum equal to
the semiannual equivalent yield to maturity (on a day count basis) of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date. 
The Treasury Rate will be calculated on the third business day preceding
the date fixed for redemption.

 

6

 

ARTICLE 3.

 

MISCELLANEOUS

 

SECTION 3.01.                    Benefits of Supplemental Indenture and Bonds of      Series   .  Nothing in this
Supplemental Indenture, or in the bonds of     
Series   , expressed or
implied, is intended to or shall be construed to give to any person or
corporation other than the Company, the Trustee and the holders of the bonds
and interest obligations secured by the Mortgage and this Supplemental
Indenture, any legal or equitable right, remedy or claim under or in respect of
this Supplemental Indenture or of any covenant, condition or provision herein
contained.  All the covenants, conditions
and provisions hereof are and shall be for the sole and exclusive benefit of
the Company, the Trustee and the holders of the bonds and interest obligations
secured by the Mortgage and this Supplemental Indenture.

 

SECTION 3.02.                    Effect of Table of Contents and Headings.  The table of
contents and the description headings of the several Articles and Sections of
this Supplemental Indenture are inserted for convenience of reference only and
are not to be taken to be any part of this Supplemental Indenture or to control
or affect the meaning, construction or effect of the same.

 

SECTION 3.03.                    Counterparts.  For the purpose of facilitating the recording
hereof, this Supplemental Indenture may be executed in any number of
counterparts, each of which shall be and shall be taken to be an original and
all collectively but one instrument.

 

IN
WITNESS WHEREOF,
The Connecticut Light and Power Company has caused these presents to be
executed by its Vice President and Treasurer and its corporate seal to be
hereunto affixed, duly attested by its Assistant Secretary, and Deutsche Bank
Trust Company Americas has caused these presents to be executed and its
corporate seal to be hereunto affixed by Deutsche Bank National Trust Company,
its authorized signatory, by two of its Assistant Vice Presidents, duly
attested by a Vice President, as of the day and year first above written.

 

[The remainder of this page left
blank intentionally; signature pages follow.]

 

7

 

	
   

  	
   

  	
  THE CONNECTICUT LIGHT AND 

  
	
  Attest: 

  	
   

  	
  POWER COMPANY 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Assistant Secretary

  	
   

  	
   

  	
  Vice President and
  Treasurer

  
	
   

  	
   

  	
   

  
	
  (SEAL)

  	
   

  	
   

  	
  Signed, sealed and
  delivered in the presence of:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
					

 

 

	
  STATE OF CONNECTICUT

  	
  )

  	
   

  
	
   

  	
  ) ss.:

  	
  Berlin

  
	
  COUNTY OF HARTFORD

  	
  )

  	
   

  

 

On
this  day of    20 , before the undersigned officer,
personally appeared              and             , who acknowledged themselves to
be the Vice President and Treasurer and the Assistant Secretary, respectively,
of THE CONNECTICUT LIGHT AND POWER COMPANY, a Connecticut corporation, and that
they, as such Vice President and Treasurer and such Assistant Secretary, being
authorized so to do, executed the foregoing instrument for the purpose therein
contained, by signing the name of the corporation by themselves as the Vice
President and Treasurer and  the
Assistant Secretary, and as their free act and deed.

 

IN
WITNESS WHEREOF,
I hereunto set my hand and official seal.

 

 

	
   

  	
   

  
	
   

  	
  Notary
  Public

  
	
   

  	
  My
  commission expires: 

  
	
  (SEAL)

  	
   

  

 

8

 

	
   

  	
   

  	
  DEUTSCHE BANK TRUST COMPANY

  
	
   

  	
   

  	
  AMERICAS f/k/a BANKERS TRUST

  
	
  Attest:

  	
   

  	
  COMPANY, TRUSTEE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  DEUTSCHE BANK NATIONAL

  
	
  Name:

  	
   

  	
   

  	
  TRUST COMPANY,
  Authorized Signatory

  
	
  Title:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title: Assistant Vice
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (SEAL)

  	
   

  	
   

  	
   

  	
  Signed, sealed and
  delivered in the presence of:

  

  

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  STATE OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  ) ss.:

  	
  New York

  
	
  COUNTY OF NEW YORK

  	
  )

  	
   

  

 

On
this   day of       , 20 
before the undersigned officer, personally appeared          , acknowledged themselves to be Vice
President and Assistant Vice President, respectively, of DEUTSCHE BANK NATIONAL
TRUST COMPANY, as authorized signatory for DEUTSCHE BANK TRUST COMPANY AMERICAS
f/k/a BANKERS TRUST COMPANY, a corporation, and that they, as such Vice
President and such Assistant Vice President, being authorized so to do,
executed the foregoing instrument for the purposes therein contained, by
signing the name of the corporation by themselves as Vice President and
Assistant Vice President, and as their free act and deed.

 

IN
WITNESS WHEREOF,
I hereunto set my hand and official seal.

 

	
   

  	
   

  
	
   

  	
  Notary
  Public

  
	
   

  	
  My
  commission expires: 

  
	
  (SEAL)

  	
   

  

 

9

 

SCHEDULE A

 

[FORM OF BOND
OF      Series   ]

 

No.                                                                                                                                                                                                        $

 

THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE MORTGAGE HEREINAFTER REFERRED
TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A
DEPOSITARY.  THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
MORTGAGE AND HEREIN, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF
THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY
A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES.

 

Unless
this Global Security is presented by an authorized representative of The
Depository Trust Company, a New York corporation (“DTC”), to The Connecticut
Light and Power Company or its agent for registration of transfer, exchange, or
payment, and any certificate issued is registered in the name of Cede &
Co. or in such other name as is requested by an authorized representative of
DTC (and any payment is made to Cede & Co. or to such other entity as
is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.

 

THE CONNECTICUT
LIGHT AND POWER COMPANY

 

Incorporated under
the Laws of the State of Connecticut

 

 % FIRST AND REFUNDING MORTGAGE BOND,      SERIES  
,

DUE

 

PRINCIPAL DUE           1, 20

 

FOR
VALUE RECEIVED, THE CONNECTICUT LIGHT AND POWER COMPANY, a corporation
organized and existing under the laws of the State of Connecticut (hereinafter
called the Company), hereby promises to pay to
                                              ,
or registered assigns, the principal sum of          Million Dollars ($        ), on the first day of      , 20 and to pay interest, including
overdue interest, on said sum, semiannually on the first days of       and        in each year, commencing        1, 20 
until the Company’s obligation with respect to said principal sum shall
be discharged, at the rate per annum specified in the title of this bond from
the interest payment date next preceding the date of authentication hereof to
which interest has been paid on the bonds of this series, or if the date of
authentication hereof is prior to        
1, 20  , then from      , 20 
, or if the date of authentication hereof is an interest payment date to
which interest is being

 

A-2

 

paid or a date between the record date for any such
interest payment date and such interest payment date, then from such interest
payment date.  Both principal and
interest shall be payable at the office or agency of the Company in the Borough
of Manhattan, New York, New York, in such coin or currency of the United States
of America as at the time of payment is legal tender for the payment of public
and private debts.

 

Interest
on the bonds of      Series    shall be computed on the basis of a 360-day
year consisting of twelve 30-day months, and with respect to any period less
than a full month, on the basis of the actual number of days elapsed for such
period.

 

Each
installment of interest hereon (other than overdue interest) shall be payable
to the person who shall be the registered owner of this bond at the close of
business on the record date, which shall be the       15 or         15, as the case may be, next preceding
the interest payment date, or, if such         
15 or          15 shall be a legal
holiday or a day on which banking institutions in the Borough of Manhattan, New
York, New York, are authorized by law to close, the next preceding day which
shall not be a legal holiday or a day on which such institutions are so
authorized to close.

 

Reference
is hereby made to the further provisions of this bond set forth on the reverse
hereof, including without limitation provisions in regard to the call and
redemption and the registration of transfer and exchangeability of this bond,
and such further provisions shall for all purposes have the same effect as
though fully set forth in this place.

 

This
bond shall not become or be valid or obligatory until the certificate of
authentication hereon shall have been signed by Deutsche Bank Trust Company
Americas (f/k/a Bankers Trust Company and hereinafter with its successors as
defined in the Mortgage hereinafter referred to, generally called the Trustee),
or by such a successor.

 

A-3

 

 

IN
WITNESS WHEREOF, The Connecticut Light and Power Company has caused this bond
to be executed in its corporate name and on its behalf by its Vice President
and Treasurer by his signature or a facsimile thereof, and its corporate seal
to be affixed or imprinted hereon and attested by the manual or facsimile
signature of its        .

 

 

Dated as of         , 20

 

	
   

  	
  THE CONNECTICUT LIGHT
  AND POWER COMPANY 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title: Vice President
  and Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Attest:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  

 

A-4

 

[FORM OF TRUSTEE’S CERTIFICATE]

 

Deutsche
Bank Trust Company Americas hereby certifies that this bond is one of the bonds
described in the within mentioned Mortgage.

 

	
   

  	
  DEUTSCHE BANK TRUST
  COMPANY AMERICAS f/k/a BANKERS TRUST COMPANY, TRUSTEE 

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  DEUTSCHE BANK NATIONAL
  TRUST COMPANY, Authorized Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title: Authorized
  Officer

  
	
   Dated as of       ,
  20

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title: Authorized
  Officer

  

 

A-5

 

[FORM OF BOND]

 

[REVERSE]

 

THE CONNECTICUT LIGHT AND POWER COMPANY

 

 % FIRST AND
REFUNDING MORTGAGE BOND,      SERIES   ,

DUE  20

 

This
bond is one of an issue of bonds of the Company, of an unlimited authorized amount
of coupon bonds or registered bonds without coupons, or both, known as its
First and Refunding Mortgage Bonds, all issued or to be issued in one or more
series, and is one of a series of said bonds limited in principal amount to                   Million Dollars ($      ), consisting only of registered bonds
without coupons and designated “ % First and Refunding Mortgage Bonds,      Series   , due 20 
“ all of which bonds are issued or are to be issued under, and equally
and ratably secured by, a certain Indenture of Mortgage and Deed and Trust
dated as of May 1, 1921, and by seventy-eight Supplemental Indentures
dated respectively as of May 1, 1921, February 1, 1924, July 1,
1926, June 20, 1928, June 1, 1932, July 1, 1932, July 1,
1935, September 1, 1936, October 20, 1936, December 1, 1936, December 1,
1938, August 31, 1944, September 1, 1944, May 1, 1945, October 1,
1945, November 1, 1949, December 1, 1952, December 1, 1955, January 1,
1958, February 1, 1960, April 1, 1961, September 1, 1963, April 1,
1967, May 1, 1967, January 1, 1968, October 1, 1968, December 1,
1969, January 1, 1970, October 1, 1970, December 1, 1971, August 1,
1972, April 1, 1973, March 1, 1974, February 1, 1975, September 1,
1975, May 1, 1977, March 1, 1978, September 1, 1980, October 1,
1981, June 30, 1982, October 1, 1982, July 1, 1983, January 1,
1984, October 1, 1985, September 1, 1986, April 1, 1987, October 1,
1987, November 1, 1987, April 1, 1988, November 1, 1988, June 1,
1989, September 1, 1989, December 1, 1989, April 1, 1992, July 1,
1992, October 1, 1992, July 1, 1993, July 1, 1993, December 1,
1993, February 1, 1994, February 1, 1994, June 1, 1994, October 1,
1994, June 1, 1996, January 1, 1997, May 1, 1997, June 1,
1997, June 1, 1997, May 1, 1998, May 1, 1998, September 1,
2004, September 1, 2004, April 1, 2005, June 1, 2006, March 1,
2007, September 1, 2007, May 1, 2008 and February 1, 2009 (said
Indenture of Mortgage and Deed of Trust and Supplemental Indentures being
collectively referred to herein as the “Mortgage”), all executed by the Company
to Deutsche Bank Trust Company Americas f/k/a Bankers Trust Company, as
Trustee, all as provided in the Mortgage to which reference is made for a
statement of the property mortgaged and pledged, the nature and extent of the security,
the rights of the holders of the bonds in respect thereof and the terms and
conditions upon which the bonds may be issued and are secured; but neither the
foregoing reference to the Mortgage nor any provision of this bond or of the
Mortgage shall affect or impair the obligation of the Company, which is
absolute, unconditional and unalterable, to pay at the maturities herein
provided the principal of and interest on this bond as herein provided.  The principal of this bond may be declared or
may become due on the conditions, in the manner and at the time set forth in
the Mortgage, upon the happening of an event of default as in the Mortgage
provided.  The Mortgage was amended and
restated in its entirety on April 7, 2005 in the form set forth in Schedule C to the Supplemental Indenture dated as of April 1,
2005.

 

A-6

 

This
bond is transferable by the registered holder hereof in person or by attorney
upon surrender hereof at the office or agency of the Company in the Borough of
Manhattan, New York, New York, together with a written instrument of transfer
in approved form, signed by the holder, and a new bond or bonds of this series
for a like principal amount in authorized denominations will be issued in exchange,
all as provided in the Mortgage.  Prior
to due presentment for registration of transfer of this bond the Company and
the Trustee may deem and treat the registered owner hereof as the absolute
owner hereof, whether or not this bond be overdue, for the purpose of receiving
payment and for all other purposes, and neither the Company nor the Trustee
shall be affected by any notice to the contrary.

 

This
bond is exchangeable at the option of the registered holder hereof upon
surrender hereof, at the office or agency of the Company in the Borough of
Manhattan, New York, New York, for an equal principal amount of bonds of this
series of other authorized denominations, in the manner and on the terms
provided in the Mortgage.

 

Bonds
of this series are to be issued initially under a book-entry only system and,
except as hereinafter provided, registered in the name of The Depository Trust
Company, New York, New York (“DTC”) or its nominee, which shall be considered
to be the holder of all bonds of this series for all purposes of the Mortgage,
including, without limitation, payment by the Company of principal of and
interest on such bonds of this series and receipt of notices and exercise of
rights of holders of such bonds of this series. 
There shall be a single bond of this series which shall be immobilized
in the custody of DTC with the owners of book-entry interests in bonds of this
series (“Book-Entry Interests”) having no right to receive bonds of this series
in the form of physical securities or certificates.  Ownership of Book-Entry Interests shall be
shown by book-entry on the system maintained and operated by DTC, its
participants (the “Participants”) and certain persons acting through the
Participants.  Transfers of ownership of
Book-Entry Interests are to be made only by DTC and the Participants by that
book-entry system, the Company and the Trustee having no responsibility
therefor so long as bonds of this series are registered in the name of DTC or
its nominee.  DTC is to maintain records
of positions of Participants in bonds of this series, and the Participants and
persons acting through Participants are to maintain records of the purchasers
and owners of Book-Entry Interests.  If
DTC or its nominee determines not to continue to act as a depository for the
bonds of this series in connection with a book-entry only system, another
depository, if available, may act instead and the single bond of this series
will be transferred into the name of such other depository or its nominee, in
which case the above provisions will continue to apply to the new
depository.  If the book-entry only
system for bonds of this series is discontinued for any reason, upon surrender
and cancellation of the single bond of this series registered in the name of
the then depository or its nominee, new registered bonds of this series will be
issued in authorized denominations to the holders of Book-Entry Interests in
principal amounts coinciding with the amounts of Book-Entry Interests shown on
the book-entry system immediately prior to the discontinuance thereof.  Neither the Trustee nor the Company shall be
responsible for the accuracy of the interests shown on that system.

 

The
bonds of      Series    are subject to redemption prior to maturity,
as a whole at any time or in part from time to time, in accordance with the
provisions of the Mortgage, upon not less than thirty (30) days and not more
than sixty (60) days prior notice (which notice may be made subject to the
deposit of redemption moneys with the Trustee before the date fixed for 

 

A-7

 

redemption) given by mail as provided in the Mortgage,
at the option of the Company, at a redemption price equal to the greater of (i) 100%
of the principal amount of the bonds being redeemed or (ii) the sum of the
present values of the remaining scheduled payments of principal and interest
thereon (excluding the portion of any such interest accrued to the redemption
date), discounted to the date of redemption on a semiannual basis (assuming a 360-day
year consisting of twelve 30-day months) at the Treasury Rate, plus    basis points, plus, in each case, accrued
and unpaid interest on the principal amount of the bonds being redeemed to the
date of redemption (the “Redemption Date”).

 

“Comparable
Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having an actual maturity comparable to the
remaining term of the bonds being redeemed that would be utilized, at the time
of selection and in accordance with customary financial practice, in pricing
new issues of corporate debt securities of comparable maturity to the remaining
term of such bonds.

 

“Comparable
Treasury Price” means with respect to any Redemption Date (i) the average
of the Reference Treasury Dealer Quotations for such Redemption Date, after
excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if
the Company obtains fewer than four such Reference Treasury Dealer Quotations,
the average of all such quotations.

 

“Independent
Investment Banker” means an independent investment banking institution of
national standing appointed by the Company.

 

“Reference Treasury Dealer”
means any four primary U.S. Government securities dealers in The City of New
York selected by the Company.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the average, as determined by the Company, of
the bid and asked prices for the Comparable Treasury Issue (expressed in each
case as a percentage of its principal amount) quoted in writing to the Company
by such Reference Treasury Dealer at 3:30 p.m., New York time, on the
third business day preceding such Redemption Date.

 

“Treasury
Rate” means, with respect to any Redemption Date, the rate per annum equal to
the semiannual equivalent yield to maturity (on a day count basis) of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such Redemption Date. 
The Treasury Rate will be calculated on the third business day preceding
the date fixed for redemption.

 

So
long as the bonds are registered in the name of DTC, its nominee or a successor
depositary, if the Company elects to redeem less than all of the bonds, DTC’s
practice is to determine by lot the amount of the interest of each direct
participant, in the bonds of      Series    to be redeemed.  At all other times, the Trustee shall draw by
lot, in such manner as it deems appropriate, the particular bonds, or portions
of them, to be redeemed.

 

Notice
of redemption shall be given by mail to the holders of bonds, which, as long as
the bonds are held in the book-entry only system, will be DTC, its nominee or a
successor depositary.  On and after the
date fixed for redemption (unless the Company defaults in the 

 

A-8

 

payment of the redemption price and interest accrued
thereon to such date), interest on the bonds of      Series   , or the portions of them so called for
redemption, shall cease to accrue.

 

The
Mortgage provides that the Company and the Trustee, with consent of the holders
of not less than 66-2/3% in aggregate principal amount of the bonds at the time
outstanding which would be affected by the action proposed to be taken, may by
supplemental indenture add any provisions to or change or eliminate any of the
provisions of the Mortgage or modify the rights of the holders of the bonds and
coupons issued thereunder; provided, however, that without the consent of the
holder hereof no such supplemental indenture shall affect the terms of payment
of the principal of or interest or premium on this bond, or reduce the
aforesaid percentage of the bonds the holders of which are required to consent
to such a supplemental indenture, or permit the creation by the Company of any
mortgage or pledge or lien in the nature thereof ranking prior to or equal with
the lien of the Mortgage or deprive the holder hereof of the lien of the
Mortgage on any of the property which is subject to the lien thereof.

 

As set
forth in the Supplemental Indenture establishing the terms and series of the
bonds of this series, each holder of a bond of      Series   , solely by virtue of its acquisition
thereof, including as an owner of a book-entry interest therein, has and has
been deemed to have consented, without the need for any further action or
consent by such holder, to the amendment and restatement of the Mortgage in the
form set forth in Schedule C appended to the
Supplemental Indenture dated as of April 1, 2005.

 

No
recourse shall be had for the payment of the principal of or the interest on
this bond, or any part thereof, or for any claim based thereon or otherwise in
respect thereof, to any incorporator, or any past, present or future
stockholder, officer or director of the Company, either directly or indirectly,
by virtue of any statute or by enforcement of any assessment or otherwise, and
any and all liability of the said incorporators, stockholders, officers or
directors of the Company in respect to this bond is hereby expressly waived and
released by every holder hereof.

 

A-9

 

SCHEDULE B

 

[PROPERTY SUBJECT TO THE LIEN OF THE MORTGAGE]

 

B-1

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