Northeast Utilities to issue $150 million debt, remarket revenue bonds

By Angela McDaniels

Tacoma, Wash., Feb. 24 – Northeast Utilities expects to issue $150 million of long-term debt in the second half of 2012 and remarket some municipal bonds, according to a 10-K filing with the Securities and Exchange Commission.

The company has $263 million of fixed-rate senior notes due April 1, 2012, which it expects to be refinanced.

Specifically, Connecticut Light and Power Co.'s $62 million pollution control revenue bonds will be remarketed, Western Massachusetts Electric Co. will issue $100 million of debt and Yankee Gas Services Co. will issue $50 million of debt.

Northeast Utilities is a public utility holding company based in Hartford, Conn.

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