Money Supply: PSNH Seeks OK to Borrow up to $600M for Scrubber, Emergencies (Utilities) (Public Service of New Hampshire) - Bob Sanders

Money Supply: PSNH Seeks OK to Borrow up to $600M for Scrubber, Emergencies (Utilities) (Public Service of New Hampshire)

By Bob Sanders

  • Release Date: 2010-07-02
  • Genre: Business & Personal Finance

Description

Public Service of New Hampshire is asking permission from the New Hampshire Public Utilities Commission to borrow up to $600 million for up to 40 years--the largest such request the company has made at one time in absolute terms. If the utility ends up borrowing the full amount, it would owe a total of $1.3 billion by the end of 2012, more than doubling its debt load in five years.

Comments