XML 90 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating Revenues $ 1,635,862 $ 1,628,684 $ 3,630,885 $ 2,728,307
Operating Expenses:        
Purchased Power and Transmission 488,302 542,014 1,236,111 937,358
Operations and Maintenance 357,169 529,977 703,261 791,940
Depreciation 159,553 144,485 314,530 225,324
Amortization of Regulatory Assets/(Liabilities), Net 54,574 25,590 108,623 31,016
Amortization of Rate Reduction Bonds 8,082 40,752 42,581 59,100
Energy Efficiency Programs 94,142 73,489 199,913 110,762
Taxes Other Than Income Taxes 123,464 112,862 256,345 198,899
Total Operating Expenses 1,285,286 1,469,169 2,861,364 2,354,399
Operating Income 350,576 159,515 769,521 373,908
Interest Expense:        
Interest on Long-Term Debt 85,999 86,925 171,294 146,892
Interest on Rate Reduction Bonds (189) 2,056 422 3,487
Other Interest 1,040 66 (8,610) 5,116
Total Interest Expense 86,850 89,047 163,106 155,495
Other Income/(Loss), Net 4,944 1,806 12,710 10,580
Income Before Income Tax Expense 268,670 72,274 619,125 228,993
Income Tax Expense 95,606 26,055 216,093 82,019
Net Income 173,064 46,219 403,032 146,974
Net Income Attributable to Noncontrolling Interests 2,043 1,880 3,922 3,373
Net Income Attributable to Controlling Interests 171,021 44,339 399,110 143,601
Diluted Earnings Per Common Share $ 0.54 $ 0.15 $ 1.26 $ 0.60
Basic Earnings Per Common Share $ 0.54 $ 0.15 $ 1.27 $ 0.60
Common Stock Dividends Per Share Declared $ 0.37 $ 0.34 $ 0.74 $ 0.63
Weighted Average Common Shares Outstanding:        
Basic 315,154,130 301,047,753 315,141,956 239,551,735
Diluted 315,962,619 301,816,884 315,982,578 240,127,169
The Connecticut Light And Power Company [Member]
       
Operating Revenues 569,329 562,141 1,193,425 1,154,106
Operating Expenses:        
Purchased Power and Transmission 184,854 196,806 414,113 417,697
Operations and Maintenance 123,760 205,471 232,655 338,373
Depreciation 45,122 41,519 87,570 82,588
Amortization of Regulatory Assets/(Liabilities), Net 463 3,263 11,249 11,257
Energy Efficiency Programs 20,854 20,995 43,668 42,968
Taxes Other Than Income Taxes 57,506 53,706 117,697 108,978
Total Operating Expenses 432,559 521,760 906,952 1,001,861
Operating Income 136,770 40,381 286,473 152,245
Interest Expense:        
Interest on Long-Term Debt 32,683 31,696 65,318 63,218
Other Interest 1,301 2,075 (1,640) 4,060
Total Interest Expense 33,984 33,771 63,678 67,278
Other Income/(Loss), Net 2,897 447 7,084 5,747
Income Before Income Tax Expense 105,683 7,057 229,879 90,714
Income Tax Expense 37,826 124 77,014 29,796
Net Income 67,857 6,933 152,865 60,918
NSTAR Electric Company [Member]
       
Operating Revenues 570,420 534,626 1,162,677 1,091,102
Operating Expenses:        
Purchased Power and Transmission 189,843 180,502 403,896 399,512
Operations and Maintenance 87,891 109,038 180,192 257,218
Depreciation 45,441 42,669 90,882 85,198
Amortization of Regulatory Assets/(Liabilities), Net 53,554 22,144 100,548 46,024
Amortization of Rate Reduction Bonds 0 22,581 15,054 45,161
Energy Efficiency Programs 50,679 35,487 102,382 82,391
Taxes Other Than Income Taxes 30,491 28,308 62,665 59,169
Total Operating Expenses 457,899 440,729 955,619 974,673
Operating Income 112,521 93,897 207,058 116,429
Interest Expense:        
Interest on Long-Term Debt 19,809 22,279 39,401 44,567
Interest on Rate Reduction Bonds 0 927 399 2,253
Other Interest (2,620) (5,597) (6,687) (11,433)
Total Interest Expense 17,189 17,609 33,113 35,387
Other Income/(Loss), Net 375 6 1,149 1,227
Income Before Income Tax Expense 95,707 76,294 175,094 82,269
Income Tax Expense 37,676 30,812 68,941 32,847
Net Income 58,031 45,482 106,153 49,422
Public Service Company Of New Hampshire [Member]
       
Operating Revenues 216,113 255,105 489,942 498,102
Operating Expenses:        
Purchased Power and Transmission 50,073 82,116 151,097 163,165
Operations and Maintenance 62,400 68,435 122,129 133,413
Depreciation 22,947 21,811 45,515 43,018
Amortization of Regulatory Assets/(Liabilities), Net 1,081 2,798 (1,969) 177
Amortization of Rate Reduction Bonds 4,991 13,814 19,748 27,743
Energy Efficiency Programs 3,376 3,213 7,046 6,794
Taxes Other Than Income Taxes 16,918 15,872 33,932 31,360
Total Operating Expenses 161,786 208,059 377,498 405,670
Operating Income 54,327 47,046 112,444 92,432
Interest Expense:        
Interest on Long-Term Debt 10,811 11,539 22,606 23,103
Interest on Rate Reduction Bonds (239) 786 (154) 1,802
Other Interest 576 460 863 692
Total Interest Expense 11,148 12,785 23,315 25,597
Other Income/(Loss), Net 632 549 1,662 2,590
Income Before Income Tax Expense 43,811 34,810 90,791 69,425
Income Tax Expense 16,617 13,578 34,602 26,931
Net Income 27,194 21,232 56,189 42,494
Western Massachusetts Electric Company [Member]
       
Operating Revenues 115,015 106,836 239,968 220,861
Operating Expenses:        
Purchased Power and Transmission 32,254 32,715 72,298 73,269
Operations and Maintenance 23,136 27,847 44,064 50,449
Depreciation 9,310 6,994 18,280 14,691
Amortization of Regulatory Assets/(Liabilities), Net 685 (44) 814 (387)
Amortization of Rate Reduction Bonds 3,091 4,358 7,780 8,776
Energy Efficiency Programs 7,925 4,933 16,240 10,489
Taxes Other Than Income Taxes 6,206 4,977 12,494 9,858
Total Operating Expenses 82,607 81,780 171,970 167,145
Operating Income 32,408 25,056 67,998 53,716
Interest Expense:        
Interest on Long-Term Debt 6,078 5,905 12,032 11,671
Interest on Rate Reduction Bonds 50 343 177 757
Other Interest 148 621 360 836
Total Interest Expense 6,276 6,869 12,569 13,264
Other Income/(Loss), Net 419 188 1,423 1,280
Income Before Income Tax Expense 26,551 18,375 56,852 41,732
Income Tax Expense 10,137 7,237 21,836 16,408
Net Income $ 16,414 $ 11,138 $ 35,016 $ 25,324