The Hartford Electric Light Company
| Company Deal | first mortgage bonds 1968 series due 2/1/98; preferred stock $6.58 1968 series |
|---|---|
| Transaction Type | First Mortgage Bonds / Preferred Stock |
| Deal Description | The Hartford Electric Light Company used the net proceeds from this transaction to repay bank loans. The balance was used to provide a portion of funds for contemplated construction expenditures and investments in nuclear generating companies. The bank loans were incurred to finance the company's construction program, to supply funds for the company's investments in Connecticut Yankee Atomic Power Company and other nuclear generating companies and to pay a portion of the company's bonds, which matured August 1, 1967. |