Long-Term Debt - Current Portion

$ 331,582,000

$ 66,286,000

4,614,913,000

4,632,866,000

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

329,300,000

Long-term Debt, Maturities, Repayments of Principal in Year Two

430,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Three

275,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Four

150,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Five

15,400,000

Long-term Debt, Maturities, Repayments of Principal after Year Five

3,449,600,000

Long-term Debt, Description

4,649,300,000

(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. 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.

Total First Mortgage Bonds [Member]

349,300,000

353,600,000

Fair Value Adjustment [Member]

2,300,000

11,800,000

Total Other Long-Term Debt [Member]

595,900,000

875,100,000

Total Other [Member]

513,000,000

Series B due 2022 8.48% [Member]

20,000,000

Series E due 2012 7.19% [Member]

4,300,000

8,600,000

Series G due 2014 4.80% [Member]

75,000,000

Series H due 2019 5.26% [Member]

50,000,000

Series I due 2035 5.35% [Member]

50,000,000

Series J due 2018 6.90% [Member]

100,000,000

Series K due 2020 4.87% [Member]

50,000,000

Series A due 2012 7.25% [Member]

263,000,000

Series C due 2013 5.65% [Member]

250,000,000

Public Service Company Of New Hampshire [Member]

997,722,000

836,365,000

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

Long-term Debt, Maturities, Repayments of Principal in Year Two

Long-term Debt, Maturities, Repayments of Principal in Year Three

50,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Four

Long-term Debt, Maturities, Repayments of Principal in Year Five

Long-term Debt, Maturities, Repayments of Principal after Year Five

949,500,000

999,500,000

Public Service Company Of New Hampshire [Member] | Series L 2004 Due 2014 5.25% [Member]

50,000,000

Public Service Company Of New Hampshire [Member] | Series M 2005 Due 2035 5.60% [Member]

50,000,000

Public Service Company Of New Hampshire [Member] | Series N 2007 Due 2017 6.15% [Member]

70,000,000

Public Service Company Of New Hampshire [Member] | Series O 2008 Due 2018 6.00% [Member]

110,000,000

Public Service Company Of New Hampshire [Member] | Series P 2009 Due 2019 4.50% [Member]

150,000,000

Public Service Company Of New Hampshire [Member] | Adjustablerateseriesadue 2021 [Member]

89,300,000

Public Service Company Of New Hampshire [Member] | Total First Mortgage Bonds [Member]

712,000,000

430,000,000

Public Service Company Of New Hampshire [Member] | Unamortized Premiums and Discounts, Net [Member]

(1,800,000)

(900,000)

Public Service Company Of New Hampshire [Member] | Series Q 4.05% 2011 Due 2021 [Member]

122,000,000

Public Service Company Of New Hampshire [Member] | Series R 2011 3.30% due 2021 [Member]

160,000,000

Public Service Company Of New Hampshire [Member] | Total Pollution Control Revenue Bonds [Member]

407,300,000

Public Service Company Of New Hampshire [Member] | Tax Exempt Series D and E due 2021 6.00% [Member]

119,800,000

Public Service Company Of New Hampshire [Member] | Tax Exempt Series B and C Due 2021 4.75% to 5.45% [Member]

198,200,000

The Connecticut Light And Power Company [Member]

Long-Term Debt - Current Portion

62,000,000

2,521,753,000

2,521,102,000

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

62,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Two

125,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Three

150,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Four

100,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Five

15,400,000

Long-term Debt, Maturities, Repayments of Principal after Year Five

1,891,300,000

2,343,700,000

The Connecticut Light And Power Company [Member] | Series D 1994 Due 2024 7.875 % [Member]

139,800,000

The Connecticut Light And Power Company [Member] | Series A 2004 Due 2014 4.800% [Member]

150,000,000

The Connecticut Light And Power Company [Member] | Series B 2004 Due 2034 5.750% [Member]

130,000,000

The Connecticut Light And Power Company [Member] | Series A 2005 Due 2015 5.000% [Member]

100,000,000

The Connecticut Light And Power Company [Member] | Series B 2005 Due 2035 5.625% [Member]

100,000,000

The Connecticut Light And Power Company [Member] | Series A 2006 Due 2036 6.350% [Member]

250,000,000

The Connecticut Light And Power Company [Member] | Series A 2007 Due 2017 5.375% [Member]

150,000,000

The Connecticut Light And Power Company [Member] | Series B 2007 Due 2037 5.750% [Member]

150,000,000

The Connecticut Light And Power Company [Member] | Series D 2007 Due 2037 6.375% [Member]

100,000,000

The Connecticut Light And Power Company [Member] | Series A 2008 Due 2018 5.650% [Member]

300,000,000

The Connecticut Light And Power Company [Member] | Series A 2009 Due 2019 5.500% [Member]

250,000,000

The Connecticut Light And Power Company [Member] | Fixed Rate 5.85% To 5.90% Due 2016 To 2022 [Member]

46,400,000

The Connecticut Light And Power Company [Member] | Fixed Rate Tax Exempt 5.95% Due 2028 [Member]

70,000,000

The Connecticut Light And Power Company [Member] | One-Year Fixed Rate Tax Exempt Due 2031 [Member]

62,000,000

The Connecticut Light And Power Company [Member] | Fees And Interest Due For Spent Nuclear Fuel Disposal Costs [Member]

244,100,000

243,800,000

The Connecticut Light And Power Company [Member] | Total First Mortgage Bonds [Member]

1,919,800,000

The Connecticut Light And Power Company [Member] | Total Pollution Control Bonds [Member]

423,900,000

The Connecticut Light And Power Company [Member] | Total First Mortgage Bonds and Pollution Control Notes [Member]

2,343,700,000

The Connecticut Light And Power Company [Member] | Unamortized Premiums and Discounts, Net [Member]

(4,000,000)

(4,400,000)

The Connecticut Light And Power Company [Member] | Serires C 2007 5.750% Due 2017 [Member]

100,000,000

The Connecticut Light And Power Company [Member] | Fixed Rate 4.375% due 2028 [Member]

120,500,000

The Connecticut Light And Power Company [Member] | Fixed Rate 1.25% due 2028 [Member]

125,000,000

The Connecticut Light And Power Company [Member] | Tax Exempt Fixed Rate Due 2028 5.85% [Member]

245,500,000

Western Massachusetts Electric Company [Member]

499,545,000

400,288,000

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

Long-term Debt, Maturities, Repayments of Principal in Year Two

55,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Three

Long-term Debt, Maturities, Repayments of Principal in Year Four

50,000,000

Long-term Debt, Maturities, Repayments of Principal in Year Five

Long-term Debt, Maturities, Repayments of Principal after Year Five

338,800,000

443,800,000

Western Massachusetts Electric Company [Member] | Tax Exempt 1993 Series A 5.85% Due 2028 [Member]

53,800,000

Western Massachusetts Electric Company [Member] | Senior Note Series A 5.00% Due 2013 [Member]

55,000,000

Western Massachusetts Electric Company [Member] | Senior Notes Series B 5.90% Due 2034 [Member]

50,000,000

Western Massachusetts Electric Company [Member] | Senior Notes Series C 5.24% Due 2015 [Member]

50,000,000

Western Massachusetts Electric Company [Member] | Senior Notes Series D 6.70% Due 2037 [Member]

40,000,000

Western Massachusetts Electric Company [Member] | Senior Notes Series E 5.10% Due 2020 [Member]

95,000,000

Western Massachusetts Electric Company [Member] | Fees And Interest Due For Spent Nuclear Fuel Disposal Costs [Member]

57,300,000

57,200,000

Western Massachusetts Electric Company [Member] | Unamortized Premiums and Discounts, Net [Member]

(1,600,000)

(700,000)

Western Massachusetts Electric Company [Member] | Senior Notes Series F 3.50% due 2021 [Member]

100,000,000

Western Massachusetts Electric Company [Member] | Total Pollution Control Notes and Other Notes [Member]