National Grid 2008 Annual Report Download - page 334

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 39333
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 128
Description: EXH 2(B).6.1
0/1732.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/732/1*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 39333
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-2.B.6.1, Doc: 6, Page: 128 Description: EXH 2(B).6.1
0/1732.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/732/1*
Nantucket Electric
The Company has filed an application with the Massachusetts Development Finance A
g
ency to refinance the $13 million 1996
MIFA tax exempt bonds which will remain outstandin
g
after July 2, 2007. The Company intends to reissue the bonds as
variable rate debt during the second quarter of fiscal year 2008.
Totals — National Grid USA
As of March 31, 2007, the aggregate payments to retire maturing long-term debt are as follows
F-43
At March 31
Series Rate % Maturit
y
2007 2006
(In thousands
)
2006 Series 1996 MIFA Tax Exem
p
t 5.600 Jul
y
1, 2006 $ — $ 1,400
2007 Series 1996 MIFA Tax Exempt 5.600 July 1, 2007 1,400 1,400
2008 Series 1996 MIFA Tax Exem
p
t 5.750 Jul
y
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 Exem
p
t 5.875 Jul
y
1, 2017 10,500 10,500
2004 $3.5 Million MIFA Tax-Exempt. Variable March 16, 2016 2,335 2,495
2004 $10 million MIFA Tax-Exempt Variable March 1, 2039 10,000 10,000
2005 $28 million MIFA Tax-Exem
p
t Variable December 1, 2040 28,000 28,000
Unamortized discounts (66) (72)
Total long-term debt 54,969 56,523
Lon
g
-term debt due within one
y
ear 1,575 1,560
Total long-term debt, excluding current
portion $ 53,394 $ 54,963
At March 31
2007 2006
(In thousands
)
Total lon
g
-term debt $3,389,068 $ 3,629,630
Unamortized Discount on Debt (1,667) (2,069)
Long-term debt due within one year 218,873 302,320
Total lon
g
-term debt, excludin
g
current
p
ortion $ 3,168,528 $ 3,325,241
Fiscal Year Amount
2008 $ 218,873
2009 688,761
2010 358,505
2011 358,525
2012 508,545
Thereafter 1,255,859