XML 68 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Revenues $ 1,995,023 $ 1,099,623
Operating Expenses:    
Purchased Power and Transmission 747,809 395,344
Operations and Maintenance 346,092 261,963
Depreciation 154,977 80,839
Amortization of Regulatory Assets/(Liabilities), Net 54,049 5,426
Amortization of Rate Reduction Bonds 34,499 18,347
Energy Efficiency Programs 105,771 37,273
Taxes Other Than Income Taxes 132,881 86,038
Total Operating Expenses 1,576,078 885,230
Operating Income 418,945 214,393
Interest Expense:    
Interest on Long-Term Debt 85,295 59,968
Interest on Rate Reduction Bonds 611 1,431
Other Interest (9,651) 5,048
Total Interest Expense 76,255 66,447
Other Income/(Loss), Net 7,765 8,773
Income Before Income Tax Expense 350,455 156,719
Income Tax Expense 120,487 55,964
Net Income 229,968 100,755
Net Income Attributable to Noncontrolling Interests 1,879 1,493
Net Income Attributable to Controlling Interests 228,089 99,262
Earnings Per Share Basic And Diluted $ 0.72 $ 0.56
Common Stock Dividends Per Share Declared $ 0.37 $ 0.29
Weighted Average Common Shares Outstanding:    
Basic 315,129,782 178,055,716
Diluted 316,002,538 178,437,453
The Connecticut Light And Power Company [Member]
   
Operating Revenues 624,097 591,965
Operating Expenses:    
Purchased Power and Transmission 229,259 220,891
Operations and Maintenance 108,895 132,902
Depreciation 42,448 41,070
Amortization of Regulatory Assets/(Liabilities), Net 10,787 7,994
Energy Efficiency Programs 22,813 21,973
Taxes Other Than Income Taxes 60,192 55,270
Total Operating Expenses 474,394 480,100
Operating Income 149,703 111,865
Interest Expense:    
Interest on Long-Term Debt 32,635 31,521
Other Interest (2,941) 1,987
Total Interest Expense 29,694 33,508
Other Income/(Loss), Net 4,187 5,300
Income Before Income Tax Expense 124,196 83,657
Income Tax Expense 39,188 29,672
Net Income 85,008 53,985
Public Service Company Of New Hampshire [Member]
   
Operating Revenues 273,829 242,997
Operating Expenses:    
Purchased Power and Transmission 101,024 81,049
Operations and Maintenance 59,729 64,979
Depreciation 22,568 21,208
Amortization of Regulatory Assets/(Liabilities), Net (3,051) (2,622)
Amortization of Rate Reduction Bonds 14,756 13,930
Energy Efficiency Programs 3,669 3,581
Taxes Other Than Income Taxes 17,016 15,486
Total Operating Expenses 215,711 197,611
Operating Income 58,118 45,386
Interest Expense:    
Interest on Long-Term Debt 11,796 11,563
Interest on Rate Reduction Bonds 85 1,016
Other Interest 287 234
Total Interest Expense 12,168 12,813
Other Income/(Loss), Net 1,030 2,042
Income Before Income Tax Expense 46,980 34,615
Income Tax Expense 17,984 13,353
Net Income 28,996 21,262
Western Massachusetts Electric Company [Member]
   
Operating Revenues 124,953 114,025
Operating Expenses:    
Purchased Power and Transmission 40,044 40,554
Operations and Maintenance 20,928 22,601
Depreciation 8,970 7,697
Amortization of Regulatory Assets/(Liabilities), Net 129 (343)
Amortization of Rate Reduction Bonds 4,689 4,418
Energy Efficiency Programs 8,315 5,556
Taxes Other Than Income Taxes 6,288 4,882
Total Operating Expenses 89,363 85,365
Operating Income 35,590 28,660
Interest Expense:    
Interest on Long-Term Debt 5,955 5,766
Interest on Rate Reduction Bonds 127 415
Other Interest 211 214
Total Interest Expense 6,293 6,395
Other Income/(Loss), Net 1,004 1,092
Income Before Income Tax Expense 30,301 23,357
Income Tax Expense 11,698 9,171
Net Income 18,603 14,186
NSTAR Electric Company [Member]
   
Operating Revenues 592,257 556,476
Operating Expenses:    
Purchased Power and Transmission 214,053 219,010
Operations and Maintenance 92,301 148,180
Depreciation 45,441 42,529
Amortization of Regulatory Assets/(Liabilities), Net 46,994 23,880
Amortization of Rate Reduction Bonds 15,054 22,581
Energy Efficiency Programs 51,703 46,904
Taxes Other Than Income Taxes 32,174 30,861
Total Operating Expenses 497,720 533,945
Operating Income 94,537 22,531
Interest Expense:    
Interest on Long-Term Debt 19,592 22,288
Interest on Rate Reduction Bonds 399 1,326
Other Interest (4,068) (5,836)
Total Interest Expense 15,923 17,778
Other Income/(Loss), Net 773 1,222
Income Before Income Tax Expense 79,387 5,975
Income Tax Expense 31,265 2,035
Net Income $ 48,122 $ 3,940