Details of long-term debt outstanding for NU, including CL&P, PSNH and WMECO are as follows:


CL&P		As of December 31,
(Millions of Dollars)		2011		2010
First Mortgage Bonds:
	7.875% 1994 Series D due 2024	$	139.8	$	139.8
	4.800% 2004 Series A due 2014		150.0		150.0
	5.750% 2004 Series B due 2034		130.0		130.0
	5.000% 2005 Series A due 2015		100.0		100.0
	5.625% 2005 Series B due 2035		100.0		100.0
	6.350% 2006 Series A due 2036		250.0		250.0
	5.375% 2007 Series A due 2017		150.0		150.0
	5.750% 2007 Series B due 2037		150.0		150.0
	5.750% 2007 Series C due 2017		100.0		100.0
	6.375% 2007 Series D due 2037		100.0		100.0
	5.650% 2008 Series A due 2018		300.0		300.0
	5.500% 2009 Series A due 2019		250.0		250.0
Total First Mortgage Bonds			1,919.8		1,919.8
Pollution Control Notes:
	5.85%-5.90% Tax Exempt Fixed Rate due 2016-2022		46.4		46.4
	5.85% Fixed Rate Tax Exempt due 2028⁽¹⁾		-		245.5
	5.95% Fixed Rate Tax Exempt due 2028		70.0		70.0
	4.375% Fixed Rate Tax Exempt due 2028⁽¹⁾		120.5		-
	1.25% Fixed Rate Tax Exempt due 2028⁽¹⁾		125.0		-
	One-Year Fixed Rate Tax Exempt due 2031⁽²⁾		62.0		62.0
Total Pollution Control Notes			423.9		423.9
Total First Mortgage Bonds and Pollution Control Notes			2,343.7		2,343.7
Fees and Interest due for Spent Nuclear Fuel Disposal Costs			244.1		243.8
Less Amounts due Within One Year⁽²⁾			(62.0)		(62.0)
Unamortized Premiums and Discounts, Net			(4.0)		(4.4)
CL&P Long-Term Debt		$	2,521.8	$	2,521.1

PSNH		As of December 31,
(Millions of Dollars)		2011		2010
First Mortgage Bonds:
	5.25% 2004 Series L due 2014	$	50.0	$	50.0
	5.60% 2005 Series M due 2035		50.0		50.0
	6.15% 2007 Series N due 2017		70.0		70.0
	6.00% 2008 Series O due 2018		110.0		110.0
	4.50% 2009 Series P due 2019		150.0		150.0
	4.05% 2011 Series Q due 2021⁽³⁾		122.0		-
	3.20% 2011 Series R due 2021		160.0		-
Total First Mortgage Bonds			712.0		430.0
Pollution Control Revenue Bonds:
	4.75%- 5.45% Tax Exempt Series B and C due 2021		198.2		198.2
	6.00% Tax Exempt Series D and E due 2021⁽³⁾		-		119.8
	Adjustable Rate Series A due 2021		89.3		89.3
Total Pollution Control Revenue Bonds			287.5		407.3
Unamortized Premiums and Discounts, Net			(1.8)		(0.9)
PSNH Long-Term Debt		$	997.7	$	836.4


WMECO		As of December 31,
(Millions of Dollars)		2011		2010
Pollution Control and Other Notes:
	Tax Exempt 1993 Series A, 5.85% due 2028	$	53.8	$	53.8
	Senior Notes Series A, 5.00% due 2013		55.0		55.0
	Senior Notes Series B, 5.90% due 2034		50.0		50.0
	Senior Notes Series C, 5.24% due 2015		50.0		50.0
	Senior Notes Series D, 6.70% due 2037		40.0		40.0
	Senior Notes Series E, 5.10% due 2020		95.0		95.0
	Senior Notes Series F, 3.50% due 2021		100.0		-
Total Pollution Control Notes and Other Notes			443.8		343.8
Fees and Interest due for Spent Nuclear Fuel Disposal Costs			57.3		57.2
Unamortized Premiums and Discounts, Net			(1.6)		(0.7)
WMECO Long-Term Debt		$	499.5	$	400.3

OTHER		As of December 31,
(Millions of Dollars)		2011			2010
Yankee Gas - First Mortgage Bonds:
	8.48% Series B due 2022	$	20.0	$	20.0
	7.19% Series E due 2012		4.3		8.6
	4.80% Series G due 2014		75.0		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
Total First Mortgage Bonds			349.3		353.6
Less Amounts due Within One Year			(4.3)		(4.3)
Unamortized Premiums and Discounts, Net			0.9		1.0
Total First Mortgage Bonds			345.9		350.3
NU Parent - Notes:
	7.25% Senior Notes Series A due 2012		263.0		263.0
	5.65% Senior Notes Series C due 2013		250.0		250.0
Total NU Parent - Notes			513.0		513.0
Less Amounts due Within One Year			(265.3)		-
Fair Value Adjustment			2.3		11.8
Other Long-Term Debt			595.9		875.1
Total NU Long-Term Debt		$	4,614.9	$	4,632.9

(1) On October 24, 2011, CL&P issued $120.5 million of tax-exempt PCRBs carrying a coupon of 4.375 percent that mature on September 1, 2028 and issued $125 million of tax-exempt PCRBs carrying a coupon of 1.25 percent that mature on September 1, 2028 and are subject to mandatory tender for purchase on September 3, 2013. The $125 million of tax-exempt PCRBs were issued with an initial fixed rate term period ending on September 2, 2013, at which time CL&P expects to remarket the PCRBs. The proceeds from these two CL&P issuances were used to refund $245.5 million of PCRBs that carried a coupon of 5.85 percent and had a maturity date of September 1, 2028.

(2) On April 1, 2011, CL&P remarketed the $62 million of tax-exempt PCRBs for a one-year period. The PCRBs, which mature on May 1, 2031, carry a coupon rate of 1.25 percent during the current one-year fixed-rate period and are subject to mandatory tender for purchase on April 1, 2012, at which time CL&P expects to remarket the bonds.

(3) On May 26, 2011, PSNH issued $122 million of first mortgage bonds with a coupon rate of 4.05 percent and a maturity date of June 1, 2021, and used the proceeds to redeem $119.8 million of its tax-exempt 1992 Series D and 1993 Series E PCRBs, each with a maturity date of May 1, 2021 and a coupon rate of 6 percent.

Long-term debt maturities and cash sinking fund requirements on debt outstanding as of December 31, 2011 for the years 2012 through 2016 and thereafter, are shown below. These amounts exclude fees and interest due for spent nuclear fuel disposal costs, net unamortized premiums and discounts and other fair value adjustments as of December 31, 2011:

The utility plant of CL&P, PSNH and Yankee Gas is subject to the lien of each company's respective first mortgage bond indenture.

The CL&P, PSNH and WMECO tax-exempt bonds contain call provisions providing call prices ranging between 100 percent and 102 percent of par. All other long-term debt securities are subject to make-whole provisions.

As of December 31, 2011, CL&P had $423.9 million of tax-exempt PCRBs outstanding, $70 million of which is secured by second mortgage liens on transmission assets, junior to the liens of its first mortgage bond indenture. CL&P has $307.5 million of tax-exempt PCRBs secured by first mortgage bonds. If CL&P failed to meet its obligations under the PCRBs, then these first mortgage bonds would become outstanding.

As of December 31, 2011, PSNH had $287.5 million in PCRBs outstanding. PSNH's obligation to repay each series of PCRBs is secured by first mortgage bonds and bond insurance. Each such series of first mortgage bonds contains similar terms and provisions as the applicable series of PCRBs. If PSNH failed to meet its obligations under the PCRBs, then these first mortgage bonds would become outstanding. The 2001 Series A PCRBs, in the aggregate principal amount of $89.3 million, bears interest at a rate that is periodically set pursuant to auctions. The Company is not obligated to purchase these PCRBs, which mature in 2021, from the remarketing agent. The weighted average effective interest rate on PSNH's Series A variable-rate PCRBs was 0.21 percent in 2011 and 0.34 percent in 2010.

NU's, including CL&P, PSNH and WMECO, long-term debt agreements provide that NU and certain of its subsidiaries must comply with certain financial and non-financial covenants as are customarily included in such agreements, including a consolidated debt to total capitalization ratio. NU and these subsidiaries were in compliance with these covenants as of December 31, 2011.

Yankee Gas has certain long-term debt agreements that contain cross-default provisions applicable to all of Yankee Gas' outstanding first mortgage bond series. The cross-default provisions on Yankee Gas' Series B Bonds would be triggered if Yankee Gas were to default on a payment due on indebtedness in excess of $2 million. The cross-default provisions on all other series of Yankee Gas' first mortgage bonds would be triggered if Yankee Gas were to default in a payment due on indebtedness in excess of $10 million. No debt issuances of CL&P, PSNH, WMECO or NU parent contain cross-default provisions as of December 31, 2011.

The fair value adjustment relates to the NU parent 7.25 percent note, due 2012 in the amount of $263 million, that is hedged with a fixed to floating interest rate swap. The change in fair value of the interest component of the debt was recorded as an adjustment to Long-Term Debt (Long-Term Debt - Current Portion as of December 31, 2011 since the note was due within one year) with an equal and offsetting adjustment to Derivative Assets for the change in fair value of the fixed to floating interest rate swap.

Spent Nuclear Fuel Obligation: Under the Nuclear Waste Policy Act of 1982, CL&P and WMECO must pay the DOE for the costs of disposal of spent nuclear fuel and high-level radioactive waste for the period prior to the sale of their ownership shares in the Millstone nuclear power stations.

The DOE is responsible for the selection and development of repositories for, and the disposal of, spent nuclear fuel and high-level radioactive waste. For nuclear fuel used to generate electricity prior to April 7, 1983 (Prior Period Spent Nuclear Fuel) for CL&P and WMECO, an accrual has been recorded for the full liability, and payment must be made by CL&P and WMECO to the DOE prior to the first delivery of spent fuel to the DOE. After the sale of Millstone, CL&P and WMECO remained responsible for their share of the disposal costs associated with the Prior Period Spent Nuclear Fuel. Until such payment to the DOE is made, the outstanding liability will continue to accrue interest at the 3-month Treasury bill yield rate. Fees due to the DOE for the disposal of Prior Period Spent Nuclear Fuel as of December 31, 2011 and 2010 are included in Long-Term Debt, including accumulated interest costs of $219.3 million and $218.9 million ($177.6 million and $177.3 million for CL&P and $41.7 million and $41.6 million for WMECO), respectively.

WMECO maintains a trust that holds marketable securities to fund amounts due to the DOE for the disposal of WMECO's Prior Period Spent Nuclear Fuel. For further information on this trust, see Note 5, "Marketable Securities," to the consolidated financial statements.