Eversource 2015 Annual Report Download - page 87

75
WMECO As of December 31,
(Millions of Dollars) 2015
2014
Notes:
5.90% Senior Notes Series B, due 2034 $ 50.0 $ 50.0
5.24% Senior Notes Series C, due 2015 - 50.0
6.70% Senior Notes Series D, due 2037 40.0 40.0
5.10% Senior Notes Series E, due 2020 95.0 95.0
3.50% Senior Notes Series F, due 2021 250.0 250.0
3.88% Senior Notes Series G, due 2023 80.0 80.0
Total Notes 515.0 565.0
Pre-1983 Spent Nuclear Fuel Obligation - 57.4
Less Amounts due Within One Year - (50.0)
Unamortized Premiums and Discounts, Net 5.2 6.1
Unamortized Debt Issuance Costs
(1)
(2.9) (3.3)
WMECO Long-Term Debt
(1)
$ 517.3 $ 575.2
OTHER As of December 31,
(Millions of Dollars) 2015
2014
Yankee Gas - First Mortgage Bonds:
8.48% Series B due 2022 $ 20.0 $ 20.0
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 100.0 100.0
3.35% Series M due 2025 75.0 -
Total First Mortgage Bonds 445.0 370.0
Unamortized Premium 0.4 0.6
Unamortized Debt Issuance Costs
(1)
(1.7) (1.5)
Yankee Gas Long-Term Debt
(1)
443.7 369.1
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
4.35% Series O due 2045 100.0
-
Total First Mortgage Bonds 310.0
210.0
Unamortized Debt Issuance Costs
(1)
(0.8)
(0.6)
NSTAR Gas Long
-Term Debt
(1)
309.2
209.4
Eversource Parent - Notes and Debentures:
4.50% Debentures due 2019 350.0 350.0
1.45% Senior Notes Series E due 2018 300.0 300.0
2.80% Senior Notes Series F due 2023 450.0 450.0
1.60% Senior Notes Series G due 2018 150.0 -
3.15% Senior Notes Series H due 2025 300.0 -
Eversource Parent Commercial Paper Borrowings - 446.3
Total Eversource Parent Notes and Debentures 1,550.0 1,546.3
Pre-1983 Spent Nuclear Fuel Obligation (CYAPC) 179.5 179.4
Fair Value Adjustment
(2)
173.5 202.3
Less Fair Value Adjustment - Current Portion
(2)
(28.9) (28.9)
Unamortized Premiums and Discounts, Net (1.3) (1.2)
Unamortized Debt Issuance Costs
(1)
(1.9) 1.1
Total Other Long-Term Debt
(1)
$ 2,623.8 $ 2,477.5
Total Eversource Long-Term Debt
(1)
$ 8,805.6 $ 8,568.4
(1)
Effective December 31, 2015, the carrying amount of Long-Term Debt includes unamortized debt issuance costs presented as a direct reduction
from the carrying amount of the debt liability, in accordance with new accounting guidance. The December 31, 2014 carrying amount of Long-
Term Debt was retrospectively adjusted to conform to the current year presentation. See Note 1C, “Summary of Significant Accounting Policies
– Accounting Standards,” for further information.
(2)
The fair value adjustment amount is the purchase price adjustment, net of amortization, required to record the NSTAR long-term debt at fair
value on the date of the merger.
Long-Term Debt Issuances: On January 15, 2015, Eversource 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 Senior Notes, due to mature in 2025. As the debt proceeds, net of issuance costs, refinanced short-
term debt, the short-term debt was classified as Long-Term Debt as of December 31, 2014. On May 20, 2015 and December 1, 2015, CL&P issued
$300 million and $50 million, respectively, of 4.15 percent 2015 Series A First and Refunding Mortgage Bonds due to mature in 2045. On
September 10, 2015, Yankee Gas issued $75 million of 3.35 percent 2015 Series M First Mortgage Bonds due to mature in 2025. On November 18,
2015, NSTAR Electric issued $250 million of 3.25 percent debentures, due to mature in 2025. On December 8, 2015, NSTAR Gas issued $100