Eversource 1999 Annual Report Download - page 38

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At December 31,
(Thousands of Dollars) 1999 1998
Common Shareholders’ Equity $ 2,083,311 $2,047,372
Cumulative Preferred Stock of Subsidiaries:
$25 par value — authorized 36,600,000 shares at December 31, 1999 and 1998;
2,720,000 shares outstanding in 1999 and 3,780,000 shares outstanding in 1998
$50 par value — authorized 9,000,000 shares at December 31, 1999 and 1998;
4,314,774 shares outstanding in 1999 and 4,709,774 shares outstanding in 1998
$100 par value — authorized 1,000,000 shares at December 31, 1999 and 1998;
200,000 shares outstanding in 1999 and 1998
Dividend Rates Current Redemption Prices (a) Current Shares Outstanding
Not Subject to Mandatory Redemption:
$50 par value — $1.90 to $3.28 $50.50 to $54.00 2,324,000 116,200 116,200
$100 par value — $7.72 $103.51 200,000 20,000 20,000
Total Preferred Stock Not Subject to Mandatory Redemption 136,200 136,200
Subject to Mandatory Redemption:(b)
$25 par value — $1.90 to $2.65 $25.00 to $25.38 2,720,000 68,000 94,500
$50 par value — $2.65 to $3.615 $50.67 to $51.93 1,990,774 99,539 119,289
Total Preferred Stock Subject to Mandatory Redemption 167,539 213,789
Less: Preferred Stock to be redeemed within one year 46,250 46,250
Preferred Stock Subject to Mandatory Redemption, net 121,289 167,539
Long-Term Debt:(c)
First Mortgage Bonds —
Maturity Interest Rates
1999 5.50% to 7.25% —254,000
2000 5.75% to 6.875% 159,000 260,000
2001 7.375% to 7.875% 220,000 220,000
2002 7.75% to 9.05% 489,150 560,000
2004 6.125% —140,000
2019-2023 7.375% to 7.50% 20,000 120,000
2024-2025 7.375% to 8.50% 305,000 430,000
Total First Mortgage Bonds 1,193,150 1,984,000
Other Long-Term Debt —
Pollution Control Notes and Other Notes — (d)
2000 Adjustable Rate(e) and 7.67% 206,011 212,022
2005-2006 8.38% to 8.58% 158,000 177,000
2013-2018 Adjustable Rate and 5.90% 33,400 33,400
2020 Adjustable Rate 15,300 15,300
2021-2022 5.85% to 7.65% and Adjustable Rate 552,485 552,485
2028 5.85% to 5.95% 369,300 369,300
2031 Adjustable Rate 62,000 62,000
Total Pollution Control Notes and Other Notes 1,396,496 1,421,507
Fees and interest due for spent nuclear fuel disposal costs 226,463 216,377
Other 15,346 17,043
Total Other Long-Term Debt 1,638,305 1,654,927
Unamortized premium and discount, net (2,049) (5,886)
Total Long-Term Debt 2,829,406 3,633,041
Less: Amounts due within one year 457,065 350,903
Long-Term Debt, net 2,372,341 3,282,138
Total Capitalization $4,713,141 $5,633,249
The accompanying notes are an integral part of these financial statements.
36
CONSOLIDATED STATEMENTS OF CAPITALIZATION