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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities:    
Net Income $ 336,633 $ 310,558
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 236,211 214,948
Deferred Income Taxes 44,201 18,085
Uncollectible Expense 11,353 18,565
Pension, SERP and PBOP Expense, Net 1,953 8,428
Pension and PBOP Contributions (723) (4,700)
Regulatory (Under)/Over Recoveries, Net (22,288) (19,232)
Amortization 49,776 70,961
Other (33,317) (37,310)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (55,290) (155,823)
Fuel, Materials, Supplies and REC Inventory (51,027) (39,063)
Taxes Receivable/Accrued, Net 92,140 126,381
Accounts Payable (127,366) (60,121)
Other Current Assets and Liabilities, Net (61,950) (70,242)
Net Cash Flows Provided by Operating Activities 420,306 381,435
Investing Activities:    
Investments in Property, Plant and Equipment (725,520) (628,129)
Proceeds from Sales of Marketable Securities 58,627 234,497
Purchases of Marketable Securities (50,723) (237,794)
Investments in Unconsolidated Affiliates, Net (6,113) (249,138)
Other Investing Activities 6,119 4,893
Net Cash Flows Used in Investing Activities (717,610) (875,671)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 419,786 0
Cash Dividends on Common Shares (181,608) (169,757)
Cash Dividends on Preferred Stock (1,880) (1,880)
(Decrease)/Increase in Notes Payable (408,950) 829,430
Repayment of Rate Reduction Bonds (21,605) (30,727)
Issuance of Long-Term Debt 750,000 0
Retirement of Long-Term Debt (220,253) (250,215)
Other Financing Activities (21,560) 16,433
Net Cash Flows Provided by/(Used in) Financing Activities 313,930 393,284
Net Increase/(Decrease) in Cash and Restricted Cash 16,626 (100,952)
Cash and Restricted Cash - Beginning of Period 117,063 209,324
Cash and Restricted Cash - End of Period 133,689 108,372
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 118,738 110,471
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 78,435 73,289
Deferred Income Taxes 19,910 15,188
Uncollectible Expense 3,230 4,116
Pension, SERP and PBOP Expense, Net 3,315 4,063
Regulatory (Under)/Over Recoveries, Net (34,198) (54,671)
Amortization of Regulatory Assets, Net 6,548 35,671
Other (27,239) (5,848)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (27,969) (60,506)
Taxes Receivable/Accrued, Net 40,505 41,399
Accounts Payable (27,298) 75,373
Other Current Assets and Liabilities, Net (21,801) (40,274)
Net Cash Flows Provided by Operating Activities 132,176 198,271
Investing Activities:    
Investments in Property, Plant and Equipment (212,374) (189,423)
Other Investing Activities 74 59
Net Cash Flows Used in Investing Activities (212,300) (189,364)
Financing Activities:    
Cash Dividends on Common Shares (69,500) (99,000)
Cash Dividends on Preferred Stock (1,390) (1,390)
Retirement of Long-Term Debt 0 (250,000)
Increase in Notes Payable to Eversource Parent 155,200 261,600
Other Financing Activities (390) (326)
Net Cash Flows Provided by/(Used in) Financing Activities 83,920 (89,116)
Net Increase/(Decrease) in Cash and Restricted Cash 3,796 (80,209)
Cash and Restricted Cash - Beginning of Period 4,971 91,613
Cash and Restricted Cash - End of Period 8,767 11,404
NSTAR Electric Company    
Operating Activities:    
Net Income 100,390 94,014
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 78,345 72,584
Deferred Income Taxes 9,775 3,722
Uncollectible Expense 3,704 5,953
Pension, SERP and PBOP Income, Net (4,754) (4,279)
Pension and PBOP Contributions 0 (1,503)
Regulatory (Under)/Over Recoveries, Net (17,434) 4,329
Amortization of Regulatory Assets, Net 27,008 22,584
Other (1,643) (8,043)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (64,951) (29,220)
Fuel, Materials, Supplies and REC Inventory (54,450) (46,020)
Taxes Receivable/Accrued, Net 32,135 29,483
Accounts Payable (53,462) (18,109)
Other Current Assets and Liabilities, Net 7,033 11,466
Net Cash Flows Provided by Operating Activities 61,696 136,961
Investing Activities:    
Investments in Property, Plant and Equipment (247,549) (208,540)
Other Investing Activities 21 17
Net Cash Flows Used in Investing Activities (247,528) (208,523)
Financing Activities:    
Cash Dividends on Common Shares (196,500) (60,600)
Cash Dividends on Preferred Stock (490) (490)
Capital Contributions from Eversource Parent 0 20,000
Increase in Notes Payable to Eversource Parent 8,100 22,300
(Decrease)/Increase in Notes Payable 77,500 89,930
Issuance of Long-Term Debt 400,000 0
Retirement of Long-Term Debt (95,000) 0
Other Financing Activities (4,961) 668
Net Cash Flows Provided by/(Used in) Financing Activities 188,649 71,808
Net Increase/(Decrease) in Cash and Restricted Cash 2,817 246
Cash and Restricted Cash - Beginning of Period 6,312 14,659
Cash and Restricted Cash - End of Period 9,129 14,905
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 39,601 32,781
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 24,334 22,919
Deferred Income Taxes 4,167 6,541
Uncollectible Expense 666 1,725
Regulatory (Under)/Over Recoveries, Net (22,977) (26,986)
Amortization of Regulatory Assets, Net 20,110 13,667
Other (3,885) (1,621)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net 2,843 1,103
Fuel, Materials, Supplies and REC Inventory (3,526) 144
Taxes Receivable/Accrued, Net 6,110 17,572
Accounts Payable (18,064) 11,762
Other Current Assets and Liabilities, Net 9,118 6,472
Net Cash Flows Provided by Operating Activities 58,497 86,079
Investing Activities:    
Investments in Property, Plant and Equipment (88,694) (64,361)
Other Investing Activities 126 102
Net Cash Flows Used in Investing Activities (88,568) (64,259)
Financing Activities:    
Cash Dividends on Common Shares (22,300) (19,000)
Repayment of Rate Reduction Bonds (21,605) (30,727)
Increase in Notes Payable to Eversource Parent 57,700 4,000
Other Financing Activities (22) (20)
Net Cash Flows Provided by/(Used in) Financing Activities 13,773 (45,747)
Net Increase/(Decrease) in Cash and Restricted Cash (16,298) (23,927)
Cash and Restricted Cash - Beginning of Period 36,688 52,723
Cash and Restricted Cash - End of Period $ 20,390 $ 28,796