Current Report Filing (8-k)
June 02 2021 - 12:01PM
Edgar (US Regulatory)
0000013372
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0000013372
2021-05-27
2021-05-27
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 2, 2021 (May 27, 2021)
NSTAR ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
Massachusetts
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1-02301
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04-1278810
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(State or other jurisdiction
of organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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800 Boylston Street
Boston, Massachusetts
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02199
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including
area code: (800) 286-5000
Not Applicable
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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¨
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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None
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None
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None
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth
company ¨
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
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Section
3
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Financial
Information
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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On May 27, 2021, NSTAR Electric Company, doing
business as Eversource Energy (“NSTAR Electric”), issued $300,000,000 aggregate principal amount of its 3.10% Debentures due
2051 (“Debentures”) pursuant to an Underwriting Agreement, dated May 24, 2021, between NSTAR Electric and Barclays Capital
Inc., MUFG Securities Americas 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 June 1, 2051 and
bear interest at 3.10%, payable semi-annually on each June 1 and December 1, commencing on December 1, 2021. Interest on
the Debentures will accrue from May 27, 2021 and will be computed on the basis of a 360-day year consisting of twelve 30-day months.
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Section 9
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Financial
Statements and Exhibits
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit Number
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Description
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1
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Underwriting Agreement, dated May 24, 2021, between NSTAR Electric Company, doing business as Eversource Energy, and Barclays Capital Inc., MUFG Securities Americas Inc., PNC Capital Markets LLC and RBC Capital Markets, LLC, as representatives of the several Underwriters named therein.
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4
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Form of 3.10% Debenture due 2051.
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5
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Legal opinion of Richard J. Morrison, Esq. (including consent).
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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NSTAR ELECTRIC COMPANY
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(Registrant)
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June 2, 2021
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By:
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/s/ Emilie G.
O’Neil
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Emilie G. O’Neil
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Assistant Treasurer, Corporate
Finance and Cash Management
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