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 489^th consecutive dividend, payable August 1, 2011 to shareholders of record July 8, 2011.

Also, the Board of Directors of NSTAR Electric Company, a wholly owned subsidiary of NSTAR, declared the following preferred stock dividends payable August 1, 2011 to shareholders of record July 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. In March 2011, NSTAR and Northeast Utilities shareholders voted to approve the merger. The merger transaction requires various state and federal regulatory approvals and is expected to be completed later this year. For more information, go to www.nstar.com.