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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Net Income $ 916,572 $ 1,040,519 $ 995,515
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 885,278 819,930 773,802
Deferred Income Taxes 209,812 174,812 491,630
Uncollectible Expense 63,446 61,337 44,453
Pension, SERP and PBOP Expense, Net 22,000 5,498 22,454
Pension and PBOP Contributions (121,782) (194,947) (242,800)
Regulatory (Under)/Over Recoveries, Net (124,870) 34,920 (47,935)
Amortization 195,380 252,026 89,986
Payments Related to CYAPC's DOE Pre-1983 Spent Nuclear Fuel Obligation (29,000) (145,000) 0
Proceeds from DOE Spent Nuclear Fuel Litigation 68,840 0 0
Impairment of Northern Pass Transmission 239,644 0 0
Other (196,087) (111,225) (204,421)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (98,716) (141,433) (117,155)
Fuel, Materials, Supplies and REC Inventory (8,074) (831) (9,223)
Taxes Receivable/Accrued, Net (16,129) (67,770) 52,284
Accounts Payable 14,866 24,481 56,067
Other Current Assets and Liabilities, Net (11,603) 78,226 91,545
Net Cash Flows Provided by Operating Activities 2,009,577 1,830,543 1,996,202
Investing Activities:      
Investments in Property, Plant and Equipment (2,911,489) (2,569,936) (2,348,105)
Proceeds from Sales of Marketable Securities 566,592 900,749 832,903
Proceeds from Sales of Marketable Securities Used to Pay Pre-1983 Spent Nuclear Fuel Obligation 0 145,000 0
Purchases of Marketable Securities (537,258) (908,387) (810,507)
Acquisition of Aquarion 0 0 (877,652)
Investments in Unconsolidated Affiliates, Net (416,337) (205,150) (32,634)
Proceeds from the Sale of PSNH Generation Assets 0 193,924 0
Other Investing Activities 24,204 6,754 5,479
Net Cash Flows Used in Investing Activities (3,274,288) (2,437,046) (3,230,516)
Financing Activities:      
Issuance of Common Shares, Net of Issuance Costs 852,254 0 0
Cash Dividends on Common Shares (663,239) (640,110) (602,083)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Increase/(Decrease) in Notes Payable 325,370 (379,310) 72,810
(Repayments)/Issuance of Rate Reduction Bonds (52,332) 635,663 0
Issuance of Long-Term Debt 1,520,000 2,200,000 2,500,000
Retirement of Long-Term Debt (801,078) (1,050,330) (745,000)
Other Financing Activities (1,006) (28,457) (4,754)
Net Cash Flows Provided by/(Used in) Financing Activities 1,172,450 729,937 1,213,454
Net (Decrease)/Increase in Cash and Restricted Cash (92,261) 123,434 (20,860)
Cash and Restricted Cash - Beginning of Year 209,324 85,890 106,750
Cash and Restricted Cash - End of Year 117,063 209,324 85,890
The Connecticut Light and Power Company      
Operating Activities:      
Net Income 410,852 377,717 376,726
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 301,188 278,557 249,352
Deferred Income Taxes 54,005 54,859 119,295
Uncollectible Expense 15,948 15,831 5,312
Pension, SERP and PBOP Expense, Net 12,761 8,943 9,909
Pension and PBOP Contributions (24,000) (41,150) (2,500)
Regulatory (Under)/Over Recoveries, Net (24,653) (53,372) (8,017)
Amortization of Regulatory Assets, Net 51,621 129,021 83,166
Other (80,266) (69,786) (42,973)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (52,746) (67,334) (47,768)
Fuel, Materials, Supplies and REC Inventory (6,171) 3,909 3,612
Taxes Receivable/Accrued, Net (23,089) 8,954 (9,688)
Accounts Payable 102,344 (76,924) 48,032
Other Current Assets and Liabilities, Net (11,350) 18,846 21,860
Net Cash Flows Provided by Operating Activities 726,444 588,071 806,318
Investing Activities:      
Investments in Property, Plant and Equipment (917,532) (864,136) (824,383)
Other Investing Activities 714 209 236
Net Cash Flows Used in Investing Activities (916,818) (863,927) (824,147)
Financing Activities:      
Cash Dividends on Common Shares (341,800) (60,000) (254,800)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
(Decrease)/Increase in Notes Payable to Eversource Parent 63,800 (69,500) (10,600)
Issuance of Long-Term Debt 500,000 500,000 525,000
Retirement of Long-Term Debt (250,000) (300,000) (250,000)
Capital Contributions from Eversource Parent 125,000 300,000 0
Other Financing Activities 12,291 (7,091) 15,004
Net Cash Flows Provided by/(Used in) Financing Activities 103,732 357,850 19,045
Net (Decrease)/Increase in Cash and Restricted Cash (86,642) 81,994 1,216
Cash and Restricted Cash - Beginning of Year 91,613 9,619 8,403
Cash and Restricted Cash - End of Year 4,971 91,613 9,619
NSTAR Electric Company      
Operating Activities:      
Net Income 431,956 383,090 374,726
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 296,500 276,372 274,008
Deferred Income Taxes 27,107 41,438 110,499
Uncollectible Expense 25,079 22,279 21,252
Pension, SERP and PBOP Expense, Net (12,399) (21,521) (9,509)
Pension and PBOP Contributions (6,359) (61,751) (90,721)
Regulatory (Under)/Over Recoveries, Net (60,863) 149,647 (20,009)
Amortization of Regulatory Assets, Net 103,735 46,654 33,831
Other (78,220) (65,523) (24,872)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (11,087) (26,403) (50,896)
Fuel, Materials, Supplies and REC Inventory (9,858) (18,685) (24,610)
Taxes Receivable/Accrued, Net 14,147 (33,900) 39,205
Accounts Payable (22,659) 37,140 (20,421)
Other Current Assets and Liabilities, Net 1,194 51,674 26,849
Net Cash Flows Provided by Operating Activities 698,273 780,511 639,332
Investing Activities:      
Investments in Property, Plant and Equipment (861,391) (725,766) (719,623)
Other Investing Activities 86 58 (3,552)
Net Cash Flows Used in Investing Activities (861,305) (725,708) (723,175)
Financing Activities:      
Cash Dividends on Common Shares (181,800) (228,000) (272,000)
Cash Dividends on Preferred Stock (1,960) (1,960) (1,960)
Increase/(Decrease) in Notes Payable (268,000) 44,500 56,500
Increase in Notes Payable to Eversource Parent 30,300 0 0
Issuance of Long-Term Debt 400,000 0 700,000
Retirement of Long-Term Debt 0 0 (400,000)
Capital Contributions from Eversource Parent 180,000 130,500 2,300
Other Financing Activities (3,855) 108 (1,796)
Net Cash Flows Provided by/(Used in) Financing Activities 154,685 (54,852) 83,044
Net (Decrease)/Increase in Cash and Restricted Cash (8,347) (49) (799)
Cash and Restricted Cash - Beginning of Year 14,659 14,708 15,507
Cash and Restricted Cash - End of Year 6,312 14,659 14,708
Public Service Company of New Hampshire      
Operating Activities:      
Net Income 134,048 115,876 135,996
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 93,737 92,055 128,192
Deferred Income Taxes 15,917 35,924 63,883
Uncollectible Expense 6,726 6,383 6,704
Pension, SERP and PBOP Expense, Net 417 754 1,368
Pension and PBOP Contributions (15,400) 0 (800)
Regulatory (Under)/Over Recoveries, Net (26,288) (27,264) (30,788)
Amortization of Regulatory Assets, Net 57,732 80,978 (16,577)
Other (28,228) (15,363) (16,813)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (210) (19,307) (22,055)
Fuel, Materials, Supplies and REC Inventory 1,902 16,928 5,519
Taxes Receivable/Accrued, Net 25,374 (19,970) 339
Accounts Payable 12,281 (10,147) 29,453
Other Current Assets and Liabilities, Net (3,573) 3,028 16,463
Net Cash Flows Provided by Operating Activities 274,435 259,875 300,884
Investing Activities:      
Investments in Property, Plant and Equipment (308,993) (323,910) (312,720)
Proceeds from the Sale of PSNH Generation Assets 0 193,924 0
Proceeds from the Sale of Property 0 4,782 0
Other Investing Activities 1,023 437 199
Net Cash Flows Used in Investing Activities (307,970) (124,767) (312,521)
Financing Activities:      
Cash Dividends on Common Shares (271,000) (150,000) (23,900)
(Decrease)/Increase in Notes Payable to Eversource Parent (30,000) (205,900) 102,000
(Repayments)/Issuance of Rate Reduction Bonds (52,332) 635,663 0
Return of Capital 0 (530,000) 0
Issuance of Long-Term Debt 300,000 0 0
Retirement of Long-Term Debt (150,000) (199,250) (70,000)
Capital Contributions from Eversource Parent 225,000 365,000 0
Other Financing Activities (4,168) (89) (225)
Net Cash Flows Provided by/(Used in) Financing Activities 17,500 (84,576) 7,875
Net (Decrease)/Increase in Cash and Restricted Cash (16,035) 50,532 (3,762)
Cash and Restricted Cash - Beginning of Year 52,723 2,191 5,953
Cash and Restricted Cash - End of Year $ 36,688 $ 52,723 $ 2,191