Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On September 15, 2022, NSTAR Electric Company, doing business as Eversource
Energy ("NSTAR Electric"), issued $400,000,000 aggregate principal amount of its
4.95% Debentures due 2052 ("Debentures") pursuant to an Underwriting Agreement,
dated September 12, 2022, between NSTAR Electric and BofA Securities, Inc., J.P.
Morgan Securities LLC, Morgan Stanley & Co. LLC and U.S. Bancorp
Investments, Inc., 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., formerly known as The Bank of New York 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. 333-264278-02).
The Debentures mature on September 15, 2052 and bear interest at 4.95%, payable
semi-annually on each March 15 and September 15, commencing on March 15, 2023.
Interest on the Debentures will accrue from September 15, 2022 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 September 12, 2022, between NSTAR
Electric Company, doing business as Eversource Energy, and BofA
Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
and U.S. Bancorp Investments, Inc., as representatives of the several
Underwriters named therein.
4.1 Form of 4.95% Debenture due 2052.
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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