Eversource 2014 Annual Report Download - page 86

74
OTHER As of December 31,
 2014 2013
Yankee Gas -First Mortgage Bonds:
8.48% Series B due 2022 $20.0 $20.0
4.80% Series G due 2014
(8)
- 75.0
5.26% Series H due 2019 50.0 50.0
5.35% Series I due 2035 50.0 50.0
6.90% Series J due 2018 100.0 100.0
4.87% Series K due 2020 50.0 50.0
4.82% Series L due 2044
(8)
100.0 -
Total First Mortgage Bonds 370.0 345.0
Unamortized Premium 0.6 0.7
Yankee Gas Long-Term Debt 370.6 345.7
NSTAR Gas
-First Mortgage Bonds:
9.95% Series J due 2020 25.0 25.0
7.11% Series K due 2033 35.0 35.0
7.04% Series M due 2017 25.0 25.0
4.46% Series N due 2020 125.0 125.0
NSTAR Gas Long
-Term Debt 210.0 210.0
Other -Notes and Debentures:
1.45% Senior Notes Series E due 2018 (NU Parent) 300.0 300.0
2.80% Senior Notes Series F due 2023 (NU Parent) 450.0 450.0
4.50% Debentures due 2019 (NU Parent) 350.0 350.0
NU Commercial Paper Borrowings
(8) (9)
446.3 25.0
Spent Nuclear Fuel Obligation (CYAPC) 179.4 179.4
Total Other Notes and Debentures 1,725.7 1,304.4
Fair Value Adjustment
(10)
202.3 230.7
Less Amounts due Within One Year - -
Less Fair Value Adjustment -Current Portion
(10)
(28.9) (31.7)
Unamortized Premiums and Discounts, Net (1.2) (1.3)
Total Other Long-Term Debt $2,478.5 $2,057.8
Total NU Long-Term Debt $8,606.0 $7,776.8
(1) On September 15, 2014, CL&P repaid at maturity the $150 million of 4.80 percent 2004 Series A First Mortgage Bonds, using short-term
borrowings.
(2) On April 24, 2014, CL&P issued $250 million of 4.30 percent 2014 Series A First Mortgage Bonds, due to mature in 2044. The proceeds, net of
issuance costs, were used to repay short-term borrowings.
(3) On February 12, 2015, CL&P notified the trustee that it intends to purchase and cancel the bonds on April 1, 2015, after they have been tendered
by the bondholders.
(4) On March 7, 2014, NSTAR Electric issued $300 million of 4.40 percent debentures, due to mature in 2044. The proceeds, net of issuance costs,
were used to repay the $300 million of 4.875 percent debentures that matured on April 15, 2014.
(5) As of December 31, 2014 and 2013, the interest rate was 0.4721 percent and 0.478 percent, respectively.
(6) On July 15, 2014, PSNH repaid at maturity the $50 million of 5.25 percent Series L First Mortgage Bonds using short-term borrowings.
(7) On October 14, 2014, PSNH issued $75 million of first mortgage bonds at a yield of 3.144 percent due to mature in 2023. The first mortgage
bonds are part of the same series of PSNH's existing 3.50 percent Series S First Mortgage Bonds that were initially issued in November 2013.
The proceeds, net of issuance costs, were used to repay short-term borrowings.
(8) On January 2, 2014, Yankee Gas issued $100 million of 4.82 percent Series L First Mortgage Bonds, due to mature in 2044. The proceeds, net
of issuance costs, were used to repay the $75 million 4.80 percent Series G First Mortgage Bonds that matured on January 1, 2014 and to pay
$25 million in short-term borrowings. As the debt issuance refinanced short-term debt, these amounts were classified as Long-Term Debt on
NU's balance sheet as of December 31, 2013.
(9) On January 15, 2015, NU parent issued $150 million of 1.60 percent Series G Senior Notes due to mature in 2018 and $300 million of 3.15
percent Series H Notes, due to mature in 2025. The proceeds, net of issuance costs, were used to repay short-term borrowings outstanding under
the NU commercial paper program. As the debt issuances refinanced short-term debt, the short-term debt was classified as Long-Term Debt as
of December 31, 2014.
(10) Amount relates to the purchase price adjustment required to record the NSTAR long-term debt at fair value on the date of the merger.