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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Maturities of Long-term Debt
Details of long-term debt outstanding are as follows:
CL&P
(Millions of Dollars)
As of December 31,
2017
 
2016
First Mortgage Bonds:
 
 
 
7.875% 1994 Series D due 2024
$
139.8

 
$
139.8

5.750% 2004 Series B due 2034
130.0

 
130.0

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

5.750% 2007 Series B due 2037
150.0

 
150.0

5.750% 2007 Series C due 2017

 
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

2.500% 2013 Series A due 2023
400.0

 
400.0

4.300% 2014 Series A due 2044  
475.0

 
250.0

4.150% 2015 Series A due 2045
350.0

 
350.0

   3.200% 2017 Series A due 2027
300.0

 

Total First Mortgage Bonds
2,944.8

 
2,669.8

Pollution Control Revenue Bonds:
 
 
 
4.375% Fixed Rate Tax Exempt due 2028
120.5

 
120.5

Less Amounts due Within One Year
(300.0
)
 
(250.0
)
Unamortized Premiums and Discounts, Net
11.5

 
(10.0
)
Unamortized Debt Issuance Costs
(17.7
)
 
(14.3
)
CL&P Long-Term Debt
$
2,759.1

 
$
2,516.0

NSTAR Electric
(Millions of Dollars)
As of December 31,
2017
 
2016
Debentures:
 
 
 
5.750% due 2036
$
200.0

 
$
200.0

5.625% due 2017

 
400.0

5.500% due 2040
300.0

 
300.0

2.375% due 2022
400.0

 
400.0

4.400% due 2044  
300.0

 
300.0

3.250% due 2025
250.0

 
250.0

2.700% due 2026
250.0

 
250.0

3.200% due 2027
700.0

 

Total Debentures
2,400.0

 
2,100.0

Notes:
 
 
 
5.900% Senior Notes Series B due 2034
50.0

 
50.0

6.700% Senior Notes Series D due 2037
40.0

 
40.0

5.100% Senior Notes Series E due 2020
95.0

 
95.0

3.500% Senior Notes Series F due 2021
250.0

 
250.0

3.880% Senior Notes Series G due 2023
80.0

 
80.0

2.750% Senior Notes Series H due 2026
50.0

 
50.0

Total Notes
565.0

 
565.0

Less Amounts due Within One Year

 
(400.0
)
Unamortized Premiums and Discounts, Net
(1.8
)
 
(4.9
)
Unamortized Debt Issuance Costs
(19.4
)
 
(15.5
)
NSTAR Electric Long-Term Debt
$
2,943.8

 
$
2,244.6

PSNH
(Millions of Dollars)
As of December 31,
2017
 
2016
First Mortgage Bonds:
 
 
 
5.600% Series M due 2035
$
50.0

 
$
50.0

6.150% Series N due 2017

 
70.0

6.000% Series O due 2018
110.0

 
110.0

4.500% Series P due 2019
150.0

 
150.0

4.050% Series Q due 2021
122.0

 
122.0

3.200% Series R due 2021
160.0

 
160.0

3.500% Series S due 2023  
325.0

 
325.0

Total First Mortgage Bonds
917.0

 
987.0

Pollution Control Revenue Bonds:
 
 
 
Adjustable Rate Tax Exempt Series A due 2021   
  (2.048% and 1.138% as of December 31, 2017 and 2016, respectively)
89.3

 
89.3

Less Amounts due Within One Year
(110.0
)
 
(70.0
)
Unamortized Premiums and Discounts, Net
0.2

 
0.1

Unamortized Debt Issuance Costs
(4.1
)
 
(4.4
)
PSNH Long-Term Debt
$
892.4

 
$
1,002.0

OTHER
(Millions of Dollars)
As of December 31,
2017
 
2016
Yankee Gas - First Mortgage Bonds: 3.020% - 8.480% due 2018 - 2044
$
520.0

 
$
445.0

NSTAR Gas - First Mortgage Bonds: 4.350% - 9.950% due 2020 - 2045
285.0

 
310.0

Eversource Parent and Other - Notes and Debentures:
 
 
 
4.500% Debentures due 2019
350.0

 
350.0

1.450% - 4.000% Senior Notes due 2018 - 2026
3,260.0

 
1,700.0

Notes Payable Unsecured 3.57% - 6.430% due 2021 - 2037
290.9

 

Notes Payable Secured 4.10% - 9.64% due 2021 - 2035
70.4

 

Pre-1983 Spent Nuclear Fuel Obligation (CYAPC)
181.4

 
180.0

Fair Value Adjustment (1)
172.6

 
144.6

Less Fair Value Adjustment - Current Portion (1)
(35.4
)
 
(28.9
)
Less Amounts due in One Year
(104.2
)
 
(25.0
)
Commercial Paper Classified as Long-Term Debt
201.2

 

Unamortized Premiums and Discounts, Net  
1.5

 
(1.8
)
Unamortized Debt Issuance Costs
(12.8
)
 
(7.1
)
Total Other Long-Term Debt
5,180.6

 
$
3,066.8

 
 
 
 
Total Eversource Long-Term Debt
11,775.9

 
$
8,829.4


(1)
The fair value adjustment amount is the purchase price adjustments, net of amortization, required to record the NSTAR long-term debt at fair value on the date of the 2012 merger and to record the Aquarion long-term debt at fair value as of December 4, 2017.
Schedule of Long-term Debt Instruments
Long-term debt maturities on debt outstanding for the years 2018 through 2022 and thereafter are shown below. These amounts exclude the CYAPC pre-1983 spent nuclear fuel obligation, net unamortized premiums, discounts and debt issuance costs, and other fair value adjustments as of December 31, 2017:
(Millions of Dollars)
Eversource
 
CL&P
 
NSTAR Electric
 
PSNH
2018
$
961.0

 
$
300.0

 
$

 
$
110.0

2019
801.0

 
250.0

 

 
150.0

2020
296.1

 

 
95.0

 

2021
922.8

 

 
250.0

 
371.3

2022
1,188.9

 

 
400.0

 

Thereafter
7,643.1

 
2,515.3

 
2,220.0

 
375.0

Total
$
11,812.9

 
$
3,065.3

 
$
2,965.0

 
$
1,006.3

The following table summarizes long-term debt issuances and repayments:
(Millions of Dollars)
Issue Date
 
Issuances/(Repayments)
 
Maturity Date
 
Use of Proceeds
CL&P:
 
 
 
 
 
 
 
3.20% 2017 Series A First Mortgage Bonds
March 2017
 
$
300.0

 
2027
 
Repay short-term debt borrowings
4.30% 2014 Series A First Mortgage Bonds (1)
August 2017
 
225.0

 
2044
 
Refinance short-term debt and fund working capital and capital expenditures
5.375% 2007 Series A First Mortgage Bonds
March 2007
 
(150.0
)
 
2017
 
N/A
5.75% 2007 Series C First Mortgage Bonds
September 2007
 
(100.0
)
 
2017
 
N/A
NSTAR Electric:
 
 
 
 
 
 
 
3.20% Debentures
May 2017
 
350.0

 
2027
 
Repay short-term borrowings and fund capital expenditures and working capital
3.20% Debentures (2)
October 2017
 
350.0

 
2027
 
Redeem long-term debt that matured in 2017
5.625% Debentures
November 2007
 
(400.0
)
 
2017
 
N/A
PSNH:
 
 
 
 
 
 
 
6.15% Series N First Mortgage Bonds
September 2007
 
(70.0
)
 
2017
 
N/A
Other:
 
 
 
 
 
 
 
Yankee Gas 3.02% Series N First Mortgage Bonds
September 2017
 
75.0

 
2027
 
Repay short-term borrowings
NSTAR Gas 7.04% Series M First Mortgage Bonds
September 1997
 
(25.0
)
 
2017
 
N/A
Eversource Parent 2.75% Series K Senior Notes
March 2017
 
300.0

 
2022
 
Repay short-term borrowings
Eversource Parent 2.75% Series K Senior Notes (3)
October 2017
 
450.0

 
2022
 
Repay short-term borrowings
Eversource Parent 2.90% Series L Senior Notes
October 2017
 
450.0

 
2024
 
Repay short-term borrowings
Eversource Parent 2.50% Series I Senior Notes (4)
January 2018
 
200.0

 
2021
 
Repay long-term debt due to mature in 2018 and repay short-term borrowings
Eversource Parent 3.30% Series M Senior Notes
January 2018
 
450.0

 
2028
 
Repay long-term debt due to mature in 2018
Eversource Parent 1.60% Series G Senior Notes (5)
January 2015
 
(150.0
)
 
2018
 
N/A

(1)
These bonds are part of the existing series initially issued by CL&P in 2014. The aggregate outstanding principal amount for these bonds is now $475 million.
(2)
These debentures are part of the same series initially issued by NSTAR Electric in May 2017. The aggregate outstanding principal amount for these debentures is now $700 million.
(3)
These notes are part of the same series issued by Eversource parent in March 2017. The aggregate outstanding principal amount for these notes is now $750 million.
(4)
These notes are part of the same series issued by Eversource parent in March 2016. The aggregate outstanding principal amount for these notes is now $450 million.
(5)
Represents a repayment at maturity on January, 15 2018.