NSTAR Declares Common Share and Preferred Stock Dividends

BOSTON--(BUSINESS WIRE)--NSTAR (NYSE: NST) announced today that its Board of Trustees declared a quarterly dividend of $0.425 per common share. This is NSTAR’s 488^th consecutive dividend, payable May 2, 2011 to shareholders of record April 8, 2011.

Also, the Board of Directors of NSTAR Electric Company, a wholly owned subsidiary of NSTAR, declared the following preferred stock dividends payable May 2, 2011 to shareholders of record April 8, 2011:

• A quarterly dividend of $1.0625 per share on NSTAR Electric’s cumulative preferred stock, 4.25% series; and
• A quarterly dividend of $1.195 per share on NSTAR Electric’s cumulative preferred stock, 4.78% series.

NSTAR, headquartered in Boston, is an energy delivery company with annual revenues of approximately $3 billion and assets of $8 billion that serves 1.4 million customers in Massachusetts, including approximately 1.1 million electric distribution customers in 81 communities and 300,000 natural gas distribution customers in 51 communities. On October 18, 2010, NSTAR announced a stock-for-stock merger of equals transaction with Northeast Utilities (NYSE: NU). At a special meeting of shareholders on March 4, 2011, NSTAR shareholders voted to approve the merger. To date, the companies have satisfied the required waiting period under the Hart-Scott-Rodino Act and Federal Communications Commission approval has been secured. Other state and federal agencies are currently reviewing the merger. For more information, go to www.nstar.com.