Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On August 23, 2021, NSTAR Electric Company, doing business as Eversource Energy
("NSTAR Electric"), issued $300,000,000 aggregate principal amount of its 1.95%
Debentures due 2031 ("Debentures") pursuant to an Underwriting Agreement, dated
August 10, 2021, between NSTAR Electric and Barclays Capital Inc., BofA
Securities, Inc., PNC Capital Markets LLC and RBC Capital Markets, LLC, as
representatives of the several underwriters named therein. The Debentures were
issued 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. NSTAR Electric has registered its Debentures with
the U.S. Securities and Exchange Commission under the Securities Act of 1933, as
amended, pursuant to a Registration Statement on Form S-3 (Commission File No.
333-231118-02).
The Debentures mature on August 15, 2031 and bear interest at 1.95%, payable
semi-annually on each February 15 and August 15, commencing on February 15,
2022. Interest on the Debentures will accrue from August 23, 2021 and will be
computed on the basis of a 360-day year consisting of twelve 30-day months.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
1.1 Underwriting Agreement, dated August 10, 2021, between NSTAR
Electric Company, doing business as Eversource Energy, and Barclays
Capital Inc., BofA Securities, Inc., PNC Capital Markets LLC and RBC
Capital Markets, LLC, as representatives of the several Underwriters
named therein.
4.1 Form of 1.95% Debenture due 2031.
5.1 Legal opinion of Ropes & Gray LLP relating to the validity of the
Debentures.
23.1 Consent of Ropes & Gray LLP (included in Exhibit 5.1)
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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