National Grid 2006 Annual Report Download - page 65

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(1) At March 31, 2006, interest rates on NEP’s variable rate bonds ranged from 3.17 percent to 3.36 percent.
(2) CDA – Connecticut Development Authority
(3) MIFA – Massachusetts Industrial Finance Authority (now known as Massachusetts Development Finance Agency)
(4) BFA – Business Finance Authority of the State of New Hampshire
Substantially all of the properties of the Company are subject to liens of mortgage indentures
under which mortgage bonds have been issued.
65
National Grid USA / Annual Report
Nantucket Electric
At March 31 (In thousands)
Series Rate % Maturity 2006 2005
2005 Series 1996 MIFA Tax Exempt 6.750 July 1, 2005 -$ 1,400$
2006 Series 1996 MIFA Tax Exempt 6.750 July 1, 2006 1,400 1,400
2007 Series 1996 MIFA Tax Exempt 5.600 July 1, 2007 1,400 1,400
2008 Series 1996 MIFA Tax Exempt 5.750 July 1, 2008 1,400 1,400
2009 Series 1996 MIFA Tax Exempt 5.750 July 1, 2009 1,400 1,400
2017 Series 1996 MIFA Tax Exempt 5.875 July 1, 2017 10,500 20,500
2004 $3.5 Million MIFA Tax-Exempt Variable March 16, 2016 2,495 2,640
2004 $10 million MIFA Tax-Exempt Variable March 1, 2039 10,000 -
2005 $28 million MIFA Tax-Exempt Variable December 1, 2040 28,000 -
Unamortized discounts (72) (78)
Total long-term debt 56,523 30,062
Long-term debt due within one year 1,560 1,545
Total long-term debt, excluding excluding current portion 54,963$ 28,517$
New England Power
At March 31 (In thousands)
Series Rate % Maturity 2006 2005
Pollution Control Revenue Bonds:
(1)
CDA
(2)
Variable October 15, 2015 $ 38,500 $ 38,500
MIFA 1
(3)
Variable March 1, 2018 79,250 79,250
BFA 1
(4)
Variable November 1, 2020 135,850 135,850
BFA 2
(4)
Variable November 1, 2020 50,600 50,600
MIFA 2
(3)
Variable October 1, 2022 106,150 106,150
Unamortized discounts (40) (46)
Total long-term debt 410,310$ 410,304$
Totals - National Grid USA
At March 31 (In thousands) 2006 2005
Total long-term debt 3,629,630$ 4,234,355$
Unamortized Discount on Debt (2,069) (2,572)
Long-term debt due within one year 302,320 567,725
Total long-term debt, excluding current portion 3,325,241$ 3,664,058$