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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:      
Net Income $ 1,040,519 $ 995,515 $ 949,821
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities      
Depreciation 819,930 773,802 715,466
Deferred Income Taxes 174,812 491,630 466,463
Bad Debt Expense 61,337 44,453 69,466
Pension, SERP and PBOP Expense, Net 5,498 22,454 39,912
Pension and PBOP Contributions (194,947) (242,800) (158,741)
Regulatory Over/(Under) Recoveries, Net 34,920 (47,935) 13,340
Amortization of Regulatory Assets, Net (252,026) (89,986) (71,696)
(Payments)/Refunds Related to Spent Nuclear Fuel, Net (145,000) 0 59,804
Other (111,225) (204,421) (118,195)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (141,433) (117,155) (142,699)
Fuel, Materials, Supplies and Inventory (831) (9,223) 7,755
Taxes Receivable/Accrued, Net (67,770) 52,284 234,543
Accounts Payable (22,084) 56,067 (14,126)
Other Current Assets and Liabilities, Net 78,226 91,545 13,737
Net Cash Flows Provided by Operating Activities 1,783,978 1,996,202 2,208,242
Investing Activities:      
Investments in Property, Plant and Equipment (2,523,371) (2,348,105) (1,976,867)
Proceeds from Sales of Marketable Securities 900,749 832,903 659,338
Proceeds from Sales of Marketable Securities Used to Pay Spent Nuclear Fuel Obligation 145,000 0 0
Purchases of Marketable Securities (908,387) (810,507) (681,272)
Acquisition of Aquarion 0 (877,652) 0
Payments to Acquire Investments (205,150) (32,634) (188,958)
Proceeds from the Sale of PSNH Generation Assets 193,924 0 0
Other Investing Activities 6,754 5,479 36,211
Net Cash Flows Used in Investing Activities (2,390,481) (3,230,516) (2,151,548)
Financing Activities:      
Cash Dividends on Common Shares (640,110) (602,083) (564,486)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Increase/(Decrease) in Short-Term Debt (379,310) 72,810 (12,453)
Issuance of Rate Reduction Bonds 635,663 0 0
Issuance of Long-Term Debt 2,200,000 2,500,000 800,000
Retirements of Long-Term Debt (1,050,330) (745,000) (200,000)
Other Financing Activities (28,457) (4,754) (33,482)
Net Cash Flows Provided by/(Used in) Financing Activities 729,937 1,213,454 (17,940)
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 123,434 (20,860) 38,754
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 85,890 106,750 67,996
Cash and Restricted Cash - End of Year 209,324 85,890 106,750
The Connecticut Light And Power Company      
Operating Activities:      
Net Income 377,717 376,726 334,254
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities      
Depreciation 278,557 249,352 230,489
Deferred Income Taxes 54,859 119,295 168,919
Bad Debt Expense 15,831 5,312 17,572
Pension, SERP and PBOP Expense, Net 8,943 9,909 7,328
Pension and PBOP Contributions (41,150) (2,500) (380)
Regulatory Over/(Under) Recoveries, Net (53,372) (8,017) (68,730)
Amortization of Regulatory Assets, Net (129,021) (83,166) (38,765)
Other (69,786) (42,973) (36,245)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (67,334) (47,768) 3,229
Fuel, Materials, Supplies and Inventory 3,909 3,612 (8,926)
Taxes Receivable/Accrued, Net 8,954 (9,688) 123,692
Accounts Payable (76,924) 48,032 3,252
Other Current Assets and Liabilities, Net 18,846 21,860 (1,065)
Net Cash Flows Provided by Operating Activities 588,071 806,318 812,154
Investing Activities:      
Investments in Property, Plant and Equipment (864,136) (824,383) (611,984)
Proceeds from the Sale of PSNH Generation Assets 0 0 9,047
Other Investing Activities 209 236 296
Net Cash Flows Used in Investing Activities (863,927) (824,147) (602,641)
Financing Activities:      
Cash Dividends on Common Shares (60,000) (254,800) (199,599)
(Decrease)/Increase in Notes Payable to Eversource Parent (69,500) (10,600) (197,300)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
Issuance of Long-Term Debt 500,000 525,000 0
Retirements of Long-Term Debt (300,000) (250,000) 0
Capital Contributions from Eversource Parent 300,000 0 200,000
Other Financing Activities (7,091) 15,004 (857)
Net Cash Flows Provided by/(Used in) Financing Activities 357,850 19,045 (203,315)
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 81,994 1,216 6,198
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 9,619 8,403 2,205
Cash and Restricted Cash - End of Year 91,613 9,619 8,403
NSTAR Electric Company      
Operating Activities:      
Net Income 383,090 374,726 350,777
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities      
Depreciation 276,372 274,008 259,262
Deferred Income Taxes 41,438 110,499 101,698
Bad Debt Expense 22,279 21,252 31,728
Pension, SERP and PBOP Expense, Net (21,521) (9,509) (771)
Pension and PBOP Contributions (61,751) (90,721) (37,305)
Regulatory Over/(Under) Recoveries, Net 149,647 (20,009) 118,385
Amortization of Regulatory Assets, Net (46,654) (33,831) (34,332)
Other (65,523) (24,872) (50,831)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (26,403) (50,896) (70,302)
Fuel, Materials, Supplies and Inventory (18,685) (24,610) 10,571
Taxes Receivable/Accrued, Net (33,900) 39,205 60,774
Accounts Payable 37,140 (20,421) 18,000
Other Current Assets and Liabilities, Net 51,674 26,849 (14,227)
Net Cash Flows Provided by Operating Activities 780,511 639,332 812,091
Investing Activities:      
Investments in Property, Plant and Equipment (725,766) (719,623) (664,932)
Other Investing Activities 58 (3,552) 53
Net Cash Flows Used in Investing Activities (725,708) (723,175) (664,879)
Financing Activities:      
Cash Dividends on Common Shares (228,000) (272,000) (316,300)
Cash Dividends on Preferred Stock (1,960) (1,960) (1,960)
Increase/(Decrease) in Short-Term Debt 44,500 56,500 (28,400)
Issuance of Long-Term Debt 0 700,000 300,000
Retirements of Long-Term Debt 0 (400,000) (200,000)
Capital Contributions from Eversource Parent 130,500 2,300 103,000
Other Financing Activities 108 (1,796) (866)
Net Cash Flows Provided by/(Used in) Financing Activities (54,852) 83,044 (144,526)
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash (49) (799) 2,686
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 14,708 15,507 12,821
Cash and Restricted Cash - End of Year 14,659 14,708 15,507
Public Service Company Of New Hampshire      
Operating Activities:      
Net Income 115,876 135,996 131,985
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities      
Depreciation 92,055 128,192 116,519
Deferred Income Taxes 35,924 63,883 87,345
Bad Debt Expense 6,383 6,704 7,288
Pension, SERP and PBOP Expense, Net 754 1,368 875
Pension and PBOP Contributions 0 (800) (17,078)
Regulatory Over/(Under) Recoveries, Net (27,264) (30,788) (4,491)
Amortization of Regulatory Assets, Net (80,978) 16,577 (11,170)
Other (15,363) (16,813) 3,108
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (19,307) (22,055) (18,822)
Fuel, Materials, Supplies and Inventory 16,928 5,519 (5,485)
Taxes Receivable/Accrued, Net (19,970) 339 32,303
Accounts Payable (56,712) 29,453 11,353
Other Current Assets and Liabilities, Net 3,028 16,463 4,654
Net Cash Flows Provided by Operating Activities 213,310 300,884 360,724
Investing Activities:      
Investments in Property, Plant and Equipment (277,345) (312,720) (305,430)
Proceeds from the Sale of PSNH Generation Assets 193,924 0 0
Proceeds from the Sale of Property 4,782 0 0
Other Investing Activities 437 199 326
Net Cash Flows Used in Investing Activities (78,202) (312,521) (305,104)
Financing Activities:      
Cash Dividends on Common Shares (150,000) (23,900) (77,600)
(Decrease)/Increase in Notes Payable to Eversource Parent (205,900) 102,000 (70,400)
Issuance of Rate Reduction Bonds 635,663 0 0
Return of Capital (530,000) 0 0
Retirements of Long-Term Debt (199,250) (70,000) 0
Capital Contributions from Eversource Parent 365,000 0 94,500
Other Financing Activities (89) (225) (255)
Net Cash Flows Provided by/(Used in) Financing Activities (84,576) 7,875 (53,755)
Net Increase/(Decrease) in Cash, Cash Equivalents and Restricted Cash 50,532 (3,762) 1,865
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 2,191 5,953 4,088
Cash and Restricted Cash - End of Year $ 52,723 $ 2,191 $ 5,953