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LONG-TERM DEBT
6 Months Ended
Jun. 30, 2011
Notes To Consolidated Financial Statements [Abstract]  
Long-term Debt [Text Block]

6.       LONG-TERM DEBT (PSNH)

 

On May 26, 2011, PSNH issued $122 million of Series Q first mortgage bonds with a coupon rate of 4.05 percent and a maturity date of June 1, 2021. The proceeds of these bonds were used to redeem two series of tax-exempt PCRBs. The indenture under which the bonds were issued requires PSNH to comply with certain covenants as are customarily included in such indentures.

 

NU, including CL&P, PSNH and WMECO, was in compliance with all its debt covenants as of June 30, 2011.