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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues $ 2,175,797 $ 2,271,425 $ 6,476,084 $ 6,413,243
Operating Expenses:        
Purchased Power, Fuel and Transmission 730,255 842,291 2,326,041 2,442,953
Operations and Maintenance 331,054 344,475 994,660 970,881
Depreciation 222,599 208,671 656,632 612,077
Amortization 73,854 92,711 183,760 174,108
Energy Efficiency Programs 136,832 129,965 382,785 366,162
Taxes Other Than Income Taxes 171,965 187,291 537,636 547,155
Impairment of Northern Pass Transmission 0 0 239,644 0
Total Operating Expenses 1,666,559 1,805,404 5,321,158 5,113,336
Operating Income/(Loss) 509,238 466,021 1,154,926 1,299,907
Interest Expense 135,216 125,201 399,654 372,734
Other Income, Net 26,968 16,718 103,818 100,656
Income Before Income Tax Expense 400,990 357,538 859,090 1,027,829
Income Tax Expense 80,226 66,278 194,435 220,497
Net Income 320,764 291,260 664,655 807,332
Net Income Attributable to Noncontrolling Interests 1,880 1,880 5,639 5,639
Net Income Attributable to Common Shareholders $ 318,884 $ 289,380 $ 659,016 $ 801,693
Basic Earnings Per Common Share (in dollars per share) $ 0.98 $ 0.91 $ 2.06 $ 2.53
Diluted Earnings Per Common Share (in dollars per share) $ 0.98 $ 0.91 $ 2.05 $ 2.52
Weighted Average Common Shares Outstanding:        
Basic (in shares) 324,037,169 317,360,110 320,442,253 317,367,252
Diluted (in shares) 326,008,342 317,967,311 321,570,926 317,948,498
The Connecticut Light and Power Company        
Operating Revenues $ 853,943 $ 865,028 $ 2,444,034 $ 2,344,903
Operating Expenses:        
Purchased Power, Fuel and Transmission 299,017 314,571 865,389 850,794
Operations and Maintenance 135,077 128,523 399,065 355,500
Depreciation 76,250 72,017 224,095 208,899
Amortization of Regulatory Assets, Net 30,406 54,031 78,453 97,437
Energy Efficiency Programs 40,129 30,240 86,897 71,606
Taxes Other Than Income Taxes 82,781 92,987 261,244 267,662
Total Operating Expenses 663,660 692,369 1,915,143 1,851,898
Operating Income/(Loss) 190,283 172,659 528,891 493,005
Interest Expense 39,520 37,609 112,274 113,107
Other Income, Net 4,831 7,098 11,564 20,722
Income Before Income Tax Expense 155,594 142,148 428,181 400,620
Income Tax Expense 43,907 41,818 101,219 102,010
Net Income 111,687 100,330 326,962 298,610
NSTAR Electric Company        
Operating Revenues 878,669 939,460 2,358,174 2,400,324
Operating Expenses:        
Purchased Power, Fuel and Transmission 300,726 383,208 859,227 981,895
Operations and Maintenance 120,917 123,634 342,804 344,478
Depreciation 74,664 70,616 220,303 205,210
Amortization of Regulatory Assets, Net 27,296 17,149 73,064 35,467
Energy Efficiency Programs 84,409 89,430 227,042 229,408
Taxes Other Than Income Taxes 51,266 49,927 144,314 145,740
Total Operating Expenses 659,278 733,964 1,866,754 1,942,198
Operating Income/(Loss) 219,391 205,496 491,420 458,126
Interest Expense 29,322 26,958 85,442 80,780
Other Income, Net 10,735 13,697 32,479 40,567
Income Before Income Tax Expense 200,804 192,235 438,457 417,913
Income Tax Expense 45,864 51,640 99,769 112,247
Net Income 154,940 140,595 338,688 305,666
Public Service Company of New Hampshire        
Operating Revenues 280,431 290,203 797,766 792,700
Operating Expenses:        
Purchased Power, Fuel and Transmission 101,381 100,763 300,680 293,975
Operations and Maintenance 50,838 55,429 156,197 153,296
Depreciation 23,539 23,223 69,720 69,524
Amortization of Regulatory Assets, Net 20,421 27,357 39,944 41,318
Energy Efficiency Programs 7,300 5,863 20,229 15,694
Taxes Other Than Income Taxes 12,487 21,095 50,523 59,775
Total Operating Expenses 215,966 233,730 637,293 633,582
Operating Income/(Loss) 64,465 56,473 160,473 159,118
Interest Expense 16,378 16,593 44,654 43,977
Other Income, Net 4,634 16,095 14,640 24,253
Income Before Income Tax Expense 52,721 55,975 130,459 139,394
Income Tax Expense 11,842 15,309 29,947 37,857
Net Income $ 40,879 $ 40,666 $ 100,512 $ 101,537