XML 1107 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Revenues $ 7,301,204 $ 6,273,787 $ 4,465,657
Operating Expenses:      
Purchased Power and Transmission 2,482,954 2,084,364 1,657,914
Operations and Maintenance 1,514,986 1,583,070 1,095,358
Depreciation 610,777 519,010 302,192
Amortization of Regulatory Assets/(Liabilities), Net 206,322 79,762 91,080
Amortization of Rate Reduction Bonds 42,581 142,019 69,912
Energy Efficiency Programs 401,919 313,149 131,415
Taxes Other Than Income Taxes 512,230 434,207 323,610
Total Operating Expenses 5,771,769 5,155,581 3,671,481
Operating Income 1,529,435 1,118,206 794,176
Interest Expense:      
Interest on Long-Term Debt 340,970 316,987 231,630
Interest on Rate Reduction Bonds 422 6,168 8,611
Other Interest (2,693) 6,790 10,184
Total Interest Expense 338,699 329,945 250,425
Other Income/(Loss), Net 29,894 19,742 27,715
Income Before Income Tax Expense 1,220,630 808,003 571,466
Income Tax Expense 426,941 274,926 170,953
Net Income 793,689 533,077 400,513
Net Income Attributable to Noncontrolling Interests 7,682 7,132 5,820
Net Income Attributable to Controlling Interests 786,007 525,945 394,693
Diluted Earnings Per Common Share $ 2.49 $ 1.89 $ 2.22
Basic Earnings Per Common Share $ 2.49 $ 1.90 $ 2.22
Weighted Average Common Shares Outstanding:      
Basic 315,311,387 277,209,819 177,410,167
Diluted 316,211,160 277,993,631 177,804,568
The Connecticut Light And Power Company [Member]
     
Operating Revenues 2,442,341 2,407,449 2,548,387
Operating Expenses:      
Purchased Power and Transmission 872,769 858,231 982,514
Operations and Maintenance 523,247 635,733 580,736
Depreciation 177,603 166,853 157,747
Amortization of Regulatory Assets/(Liabilities), Net 4,870 14,372 61,025
Energy Efficiency Programs 89,858 89,299 90,297
Taxes Other Than Income Taxes 234,418 215,972 212,885
Total Operating Expenses 1,902,765 1,980,460 2,085,204
Operating Income 539,576 426,989 463,183
Interest Expense:      
Interest on Long-Term Debt 130,620 124,894 131,918
Other Interest 3,030 8,233 809
Total Interest Expense 133,650 133,127 132,727
Other Income/(Loss), Net 15,149 10,300 9,741
Income Before Income Tax Expense 421,075 304,162 340,197
Income Tax Expense 141,663 94,437 90,033
Net Income 279,412 209,725 250,164
NSTAR Electric Company [Member]
     
Operating Revenues 2,493,479 2,300,997 2,403,053
Operating Expenses:      
Purchased Power and Transmission 849,149 788,252 905,226
Operations and Maintenance 376,360 431,802 387,533
Depreciation 180,298 171,070 163,368
Amortization of Regulatory Assets/(Liabilities), Net 230,148 117,682 82,979
Amortization of Rate Reduction Bonds 15,054 90,322 90,322
Energy Efficiency Programs 206,536 201,234 175,747
Taxes Other Than Income Taxes 127,778 119,219 111,705
Total Operating Expenses 1,985,323 1,919,581 1,916,880
Operating Income 508,156 381,416 486,173
Interest Expense:      
Interest on Long-Term Debt 79,088 87,100 90,040
Interest on Rate Reduction Bonds 399 3,585 7,226
Other Interest (9,104) (20,631) (27,839)
Total Interest Expense 70,383 70,054 69,427
Other Income/(Loss), Net 3,639 2,846 1,434
Income Before Income Tax Expense 441,412 314,208 418,180
Income Tax Expense 172,866 123,966 165,686
Net Income 268,546 190,242 252,494
Public Service Company Of New Hampshire [Member]
     
Operating Revenues 935,402 988,013 1,013,003
Operating Expenses:      
Purchased Power and Transmission 269,754 319,253 327,905
Operations and Maintenance 267,797 263,234 278,153
Depreciation 91,581 87,602 76,167
Amortization of Regulatory Assets/(Liabilities), Net (20,387) (24,086) 25,383
Amortization of Rate Reduction Bonds 19,748 56,645 53,389
Energy Efficiency Programs 14,494 14,245 12,917
Taxes Other Than Income Taxes 67,196 66,025 58,985
Total Operating Expenses 710,183 782,918 832,899
Operating Income 225,219 205,095 180,104
Interest Expense:      
Interest on Long-Term Debt 44,370 46,228 36,832
Interest on Rate Reduction Bonds (154) 2,687 6,276
Other Interest 1,960 1,313 1,039
Total Interest Expense 46,176 50,228 44,147
Other Income/(Loss), Net 3,455 3,008 14,255
Income Before Income Tax Expense 182,498 157,875 150,212
Income Tax Expense 71,101 60,993 49,945
Net Income 111,397 96,882 100,267
Western Massachusetts Electric Company [Member]
     
Operating Revenues 472,724 441,164 417,315
Operating Expenses:      
Purchased Power and Transmission 147,059 136,086 161,480
Operations and Maintenance 96,194 97,031 80,241
Depreciation 37,568 29,971 26,455
Amortization of Regulatory Assets/(Liabilities), Net (3,206) 410 4,492
Amortization of Rate Reduction Bonds 7,780 17,632 16,523
Energy Efficiency Programs 39,524 27,802 21,804
Taxes Other Than Income Taxes 28,458 21,458 17,957
Total Operating Expenses 353,377 330,390 328,952
Operating Income 119,347 110,774 88,363
Interest Expense:      
Interest on Long-Term Debt 23,625 23,462 20,023
Interest on Rate Reduction Bonds 177 1,229 2,335
Other Interest 1,049 1,943 1,254
Total Interest Expense 24,851 26,634 23,612
Other Income/(Loss), Net 3,310 2,503 1,489
Income Before Income Tax Expense 97,806 86,643 66,240
Income Tax Expense 37,368 32,140 23,186
Net Income $ 60,438 $ 54,503 $ 43,054