NSTAR LLC, through its subsidiaries, engages in sale, distribution, and transmission of electricity and natural gas to commercial, industrial, and residential customers in Massachusetts. The company distributes and transmits electricity at retail to an area of approximately 1,702 square miles covering Boston and 80 surrounding cities and towns, including Cambridge, New Bedford, and Plymouth, as well as the geographic area comprising Cape Cod and Martha’s Vineyard. It also distributes natural gas to communities in central and eastern Massachusetts, including the Hyde Park area of Boston, Cambridge, Dedham, Framingham, New Bedford, Plymouth, Somerville, and Worcester covering an area of approx...
One NSTAR Way
Westwood, MA 02090
Founded in 1886
Northeast Utilities, The Connecticut Light and Power Company, NSTAR Gas Company, NSTAR, Public Service Company of New Hampshire, Western Massachusetts Electric Company and Yankee Gas Services Company Entered into Senior, Unsecured Revolving Credit Facility
Jul 30 12
On July 25, 2012, Northeast Utilities (NU) and its subsidiaries, The Connecticut Light and Power Company (CL&P), NSTAR Gas Company (NSTAR Gas), NSTAR, Public Service Company of New Hampshire (PSNH), Western Massachusetts Electric Company (WMECO) and Yankee Gas Services Company (Yankee Gas) entered into a senior, unsecured revolving credit facility (NU Facility) with Bank of America, N.A., as Administrative Agent and Swing Line Lender and other lenders in an aggregate principal amount of $1.15 billion that expires on July 25, 2017. The NU Facility allows each company to borrow the amounts set forth below, subject to an overall cap of $1.15 billion: NU: $1.15 billion; each of CL&P, PSNH and WMECO: $300 million; each of NSTAR Gas and Yankee Gas: $200 million; and NSTAR: $175 million. The facilities will be used for working capital, capital expenditures and repayment of debt, and to backstop the NU and NSTAR Electric commercial paper programs. The Facilities replaced: the NSTAR, NSTAR Electric, and NSTAR Gas revolving credit facilities in the amounts of $175 million, $450 million, and $75 million, respectively and the NU three-year $500 million, and the CL&P, PSNH, WMECO and Yankee Gas joint three-year $400 million, unsecured revolving credit facilities that were scheduled to expire on September 24, 2013. The NSTAR and NSTAR Electric Prior Facilities supported $175 million and $450 million commercial paper programs at these companies, respectively. The NSTAR program terminated on July 25, 2012, while the NSTAR Electric program is continuing.