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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues $ 8,904,430 $ 8,526,470 $ 8,448,201
Operating Expenses:      
Purchased Power and Transmission 2,987,840 3,040,160 3,138,969
Operations and Maintenance 1,480,252 1,363,113 1,335,213
Depreciation 981,380 885,278 819,930
Amortization of Regulatory Assets, Net 177,679 195,380 252,026
Energy Efficiency Programs 535,760 501,369 472,380
Taxes Other Than Income Taxes 752,785 711,035 729,753
Impairment of Northern Pass Transmission 0 239,644 0
Total Operating Expenses 6,915,696 6,935,979 6,748,271
Operating Income 1,988,734 1,590,491 1,699,930
Interest Expense 538,452 533,197 498,805
Other Income, Net 108,590 132,777 128,366
Income Before Income Tax Expense 1,558,872 1,190,071 1,329,491
Income Tax Expense 346,186 273,499 288,972
Net Income 1,212,686 916,572 1,040,519
Net Income Attributable to Noncontrolling Interests 7,519 7,519 7,519
Net Income Attributable to Common Shareholders $ 1,205,167 $ 909,053 $ 1,033,000
Basic Earnings Per Common Share (in dollars per share) $ 3.56 $ 2.83 $ 3.25
Diluted Earnings Per Common Share (in dollars per share) $ 3.55 $ 2.81 $ 3.25
Weighted Average Common Shares Outstanding:      
Basic (in shares) 338,836,147 321,416,086 317,370,369
Diluted (in shares) 339,847,062 322,941,636 317,993,934
The Connecticut Light and Power Company      
Operating Revenues $ 3,547,527 $ 3,232,551 $ 3,096,174
Operating Expenses:      
Purchased Power and Transmission 1,369,196 1,188,202 1,095,187
Operations and Maintenance 572,897 549,167 506,448
Depreciation 320,709 301,188 278,557
Amortization of Regulatory Assets, Net 58,412 51,621 129,021
Energy Efficiency Programs 141,453 118,235 93,977
Taxes Other Than Income Taxes 344,451 342,489 357,147
Total Operating Expenses 2,807,118 2,550,902 2,460,337
Operating Income 740,409 681,649 635,837
Interest Expense 153,547 151,357 151,727
Other Income, Net 20,774 17,531 22,663
Income Before Income Tax Expense 607,636 547,823 506,773
Income Tax Expense 149,702 136,971 129,056
Net Income 457,934 410,852 377,717
NSTAR Electric Company      
Operating Revenues 2,941,148 3,044,642 3,112,926
Operating Expenses:      
Purchased Power and Transmission 879,244 1,064,289 1,257,073
Operations and Maintenance 534,118 468,436 462,100
Depreciation 319,468 296,500 276,372
Amortization of Regulatory Assets, Net 83,248 103,735 46,654
Energy Efficiency Programs 263,986 289,206 292,288
Taxes Other Than Income Taxes 206,764 195,586 194,316
Total Operating Expenses 2,286,828 2,417,752 2,528,803
Operating Income 654,320 626,890 584,123
Interest Expense 130,508 114,198 105,193
Other Income, Net 52,017 44,577 53,066
Income Before Income Tax Expense 575,829 557,269 531,996
Income Tax Expense 130,828 125,313 148,906
Net Income 445,001 431,956 383,090
Public Service Company of New Hampshire      
Operating Revenues 1,079,095 1,065,936 1,047,619
Operating Expenses:      
Purchased Power and Transmission 364,067 398,449 370,246
Operations and Maintenance 219,325 210,995 210,541
Depreciation 100,372 93,737 92,055
Amortization of Regulatory Assets, Net 52,804 57,732 80,978
Energy Efficiency Programs 37,583 25,982 20,105
Taxes Other Than Income Taxes 81,611 62,574 77,280
Total Operating Expenses 855,762 849,469 851,205
Operating Income 223,333 216,467 196,414
Interest Expense 58,127 60,666 60,634
Other Income, Net 13,786 19,222 27,672
Income Before Income Tax Expense 178,992 175,023 163,452
Income Tax Expense 31,680 40,975 47,576
Net Income $ 147,312 $ 134,048 $ 115,876