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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues $ 2,122,538 $ 1,953,128 $ 4,948,378 $ 4,326,854
Operating Expenses:        
Purchased Power, Fuel and Transmission 650,087 630,132 1,648,578 1,506,703
Operations and Maintenance 411,147 332,055 876,689 674,117
Depreciation 274,647 240,516 545,352 476,727
Amortization 5,611 23,397 113,624 73,172
Energy Efficiency Programs 128,955 115,354 317,018 263,747
Taxes Other Than Income Taxes 200,486 178,019 409,944 359,613
Total Operating Expenses 1,670,933 1,519,473 3,911,205 3,354,079
Operating Income, Net 451,605 433,655 1,037,173 972,775
Interest Expense 145,435 134,285 283,201 269,000
Other Income, Net 46,619 30,243 80,820 54,347
Income Before Income Tax Expense 352,789 329,613 834,792 758,122
Income Tax Expense 86,389 75,501 200,370 167,379
Net Income 266,400 254,112 634,422 590,743
Net Income Attributable to Noncontrolling Interests 1,880 1,880 3,759 3,759
Net Income Attributable to Common Shareholders $ 264,520 $ 252,232 $ 630,663 $ 586,984
Basic Earnings Per Common Share (in dollars per share) $ 0.77 $ 0.75 $ 1.83 $ 1.75
Diluted Earnings Per Common Share (in dollars per share) $ 0.77 $ 0.75 $ 1.83 $ 1.75
Weighted Average Common Shares Outstanding:        
Basic (in shares) 343,844,626 337,946,663 343,761,435 334,524,452
Diluted (in shares) 344,435,696 338,561,649 344,385,193 335,749,404
The Connecticut Light and Power Company        
Operating Revenues $ 829,597 $ 817,421 $ 1,816,871 $ 1,717,124
Operating Expenses:        
Purchased Power, Fuel and Transmission 308,137 315,398 681,411 690,115
Operations and Maintenance 152,394 134,633 327,814 270,230
Depreciation 84,423 79,718 167,828 158,152
Amortization of Regulatory (Liabilities)/Assets, Net (15,059) (5,698) 47,716 850
Energy Efficiency Programs 29,524 32,347 65,097 67,826
Taxes Other Than Income Taxes 83,886 79,867 175,278 162,855
Total Operating Expenses 643,305 636,265 1,465,144 1,350,028
Operating Income, Net 186,292 181,156 351,727 367,096
Interest Expense 42,614 38,722 81,592 76,605
Other Income, Net 9,879 8,459 14,787 10,357
Income Before Income Tax Expense 153,557 150,893 284,922 300,848
Income Tax Expense 38,001 33,622 70,967 64,839
Net Income 115,556 117,271 213,955 236,009
NSTAR Electric Company        
Operating Revenues 687,375 660,971 1,424,418 1,394,804
Operating Expenses:        
Purchased Power, Fuel and Transmission 191,137 192,304 417,615 434,742
Operations and Maintenance 136,356 115,831 279,576 238,149
Depreciation 83,917 79,520 166,710 157,865
Amortization of Regulatory (Liabilities)/Assets, Net (2,528) 19,604 15,890 46,612
Energy Efficiency Programs 64,273 56,756 139,373 125,423
Taxes Other Than Income Taxes 54,126 50,583 108,776 99,306
Total Operating Expenses 527,281 514,598 1,127,940 1,102,097
Operating Income, Net 160,094 146,373 296,478 292,707
Interest Expense 37,195 32,955 69,501 63,972
Other Income, Net 21,915 13,112 38,727 25,350
Income Before Income Tax Expense 144,814 126,530 265,704 254,085
Income Tax Expense 33,902 29,062 60,868 56,228
Net Income 110,912 97,468 204,836 197,857
Public Service Company of New Hampshire        
Operating Revenues 278,849 255,224 572,284 531,592
Operating Expenses:        
Purchased Power, Fuel and Transmission 80,513 82,560 172,122 176,698
Operations and Maintenance 56,537 54,017 111,201 101,146
Depreciation 29,825 24,750 59,293 49,084
Amortization of Regulatory (Liabilities)/Assets, Net 26,274 11,563 44,821 31,673
Energy Efficiency Programs 9,365 8,786 19,713 18,150
Taxes Other Than Income Taxes 23,453 20,457 45,603 40,158
Total Operating Expenses 225,967 202,133 452,753 416,909
Operating Income, Net 52,882 53,091 119,531 114,683
Interest Expense 13,821 14,607 28,452 29,087
Other Income, Net 4,260 3,626 8,427 6,817
Income Before Income Tax Expense 43,321 42,110 99,506 92,413
Income Tax Expense 8,688 10,478 20,197 21,180
Net Income $ 34,633 $ 31,632 $ 79,309 $ 71,233