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Time to Refinance
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Business New Haven
10/19/1998
By: Kristine Hansen
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BERLIN - Northeast Utilities (NYSE: NU) announced that two subsidiaries, Connecticut Light & Power Co. and Western Massachusetts Electric Co., have refinanced a total of more than $400 million of tax exempt pollution-control bonds to take advantage of attractive fixed interest rates. The company anticipates that the transaction will assist in stabilizing utility rates for those two subsidiaries, since bonds represent a significant portion of their respective debt structures.
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