Connecticut Light and Power Co. Deal - Lehman Brothers Collection
Connecticut Light and Power Co.
|Company Deal||Connecticut Light and Power Company: first mortgage bonds series Z due April 1, 2003|
|Transaction Type||First and Refunding Mortgage Bonds|
|Deal Description||The Connecticut Light and Power Company used the net proceeds from this transaction, together with a capital contribution made by Northeast Utilities, to repay portions of the company's short-term borrowings made for the purpose of financing the company's construction program. The construction program included a second Millstone Point nuclear generating unit, electric distribution facilities, electric transmission lines and substations, other electric production facilities, general plant, and gas facilities. The company, together with other companies in the Northeast Utilities system, was engaged in a continuing construction program to provide the facilities needed to meet the increased demands of its customers.|
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