PSNH Funding, a vehicle of P.S. Co. of New Hampshire, is readying a second stranded cost securitization, estimated at approximately $50 million, a company official confirmed.

Timing for the offering is expected in the first quarter and should progress quickly following regulatory approval of the recently filed shelf registration. As was the case with its most recent stranded cost deal in April, Citigroup/Salomon Smith Barney will lead-manage the offering.

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