EX-99.2 3 nstar8kexh992.htm NSTAR FORM 8-K EXHIBIT 99.2 NSTAR 8K  Exhibit 99.2   

  Exhibit 99.2


NSTAR

Condensed Consolidated Statements of Income (Unaudited)


(in millions, except earnings per share)

   

 

Three Months Ended

 

 

 

 

September 30,

 

 

 

 

2009

   

 

2008

 

 

 

 

 

 

 

 

 

Operating revenues

   

$

771.5

 

$

892.2

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

   Purchased power, cost of gas and energy efficiency programs

 

 

376.0

 

 

493.2

 

   Operations and maintenance

 

 

103.0

 

 

106.6

 

   Depreciation and amortization

 

 

91.6

 

 

91.7

 

   Income, property and other taxes

 

 

80.1

 

 

77.4

 

      Total operating expenses

 

 

650.7

  

 

768.9

 

 

 

 

 

 

 

 

 

Operating income

 

 

120.8

 

 

123.3

 

 

 

 

 

 

 

 

 

Financing costs and other income and deductions, net

 

 

(33.2

)

 

(37.5

)

 

 

 

 

 

 

 

 

Net income

 

$

87.6

  

$

85.8

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

   Basic and Diluted

 

$

0.82

  

$

0.80

 



NSTAR

Condensed Consolidated Balance Sheets


(in millions)

 

September 30,

   

December 31,

 

 

 

2009

 

 

2008

 

 

(Unaudited)

 

 

 

Assets

 

 

 

 

 

 

   Property, plant and equipment, net

 

$

4,648.8

 

$

4,538.1

   Investments

 

 

78.6

 

 

79.2

   Current assets

 

 

895.9

 

 

1,121.4

   Deferred debits - regulatory assets and other

 

 

2,390.7

 

 

2,530.8

      Total assets

 

$

8,014.0

 

$

8,269.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalization and Liabilities

 

 

 

 

 

 

   Common equity

 

$

1,870.8

 

$

1,788.2

   Long-term debt and preferred stock

 

 

1,742.5

 

 

2,386.7

   Current liabilities

 

 

1,754.3

 

 

1,395.0

   Deferred credits - Taxes

 

 

1,165.1

 

 

1,130.4

   Deferred credits -  Other

 

 

1,481.3

 

 

1,569.2

       Total capitalization and liabilities

 

$

8,014.0

 

$

8,269.5