NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

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NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 5, 2017, NSTAR Electric Company, doing business as Eversource Energy (“NSTAR Electric”) issued an additional $350,000,000 aggregate principal amount of its 3.20% Debentures due May 15, 2027 (the “Debentures”) to an Underwriting Agreement, dated October 2, 2017, between NSTAR Electric and Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and MUFG Securities Americas Inc., as representatives of the several Underwriters named therein. The additional Debentures are part of the same series of Debentures issued on May 15, 2017 under an indenture dated as of September 1, 1988, between NSTAR Electric (formerly Boston Edison Company) and The Bank of New York Mellon Trust Company, N.A. (as successor to The Bank of New York, as successor to Bank of Montreal Trust Company), as trustee. Following the closing of this offering, the aggregate principal amount outstanding of 3.20% Debentures due May 15, 2027 totaled $700,000,000. NSTAR Electric has registered its Debentures with the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended, to a Registration Statement on Form S-3 (Commission File No. 333-211062-03).

The additional Debentures mature on May 15, 2027 and bear interest at 3.20%, payable semi-annually on each May 15 and November 15, commencing on November 15, 2017. Interest on the additional Debentures will accrue from May 15, 2017, the original issuance date of the Debentures, and will be computed on the basis of a 360-day year consisting of twelve 30-day months.

Section 9

Financial Statements and Exhibits

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit Number

Description

Underwriting Agreement, dated October 2, 2017, between NSTAR Electric Company, doing business as Eversource Energy, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and MUFG Securities Americas Inc., as representatives of the several Underwriters named therein.

Form of 3.20% Debenture due May 15, 2027.

Legal opinion of Richard J. Morrison, Esq. (including consent).


NSTAR ELECTRIC CO Exhibit
EX-1 2 nstarelectricunderwritingagr.htm Converted by EDGARwiz         NSTAR ELECTRIC COMPANY DOING BUSINESS AS EVERSOURCE ENERGY DEBT SECURITIES UNDERWRITING AGREEMENT October 2,…
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About NSTAR ELECTRIC COMPANY (OTCMKTS:NSARP)

NSTAR Electric Company (NSTAR Electric), doing business as Eversource Energy is an electric utility. The Company serves residential, commercial and industrial customers in parts of Massachusetts. NSTAR Electric is a subsidiary of Eversource Energy. Eversource Energy operates in three segments: electric distribution, electric transmission and natural gas distribution. Eversource Energy is engaged in the energy delivery business through its utility subsidiaries, which include The Connecticut Light and Power Company, an electric utility that serves residential, commercial and industrial customers in parts of Connecticut; Public Service Company of New Hampshire, an electric utility that serves residential, commercial and industrial customers in parts of New Hampshire and owns generation assets, and Western Massachusetts Electric Company, an electric utility that serves residential, commercial and industrial customers in parts of western Massachusetts and owns solar generating assets.

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