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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities:    
Net Income $ 590,743 $ 343,891
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 476,727 434,032
Deferred Income Taxes 86,550 36,535
Uncollectible Expense 20,579 31,546
Pension, SERP and PBOP Expense, Net 5,441 13,227
Pension and PBOP Contributions (1,323) (6,648)
Regulatory (Under)/Over Recoveries, Net (58,501) 23,830
Amortization 73,172 109,906
Proceeds from DOE Spent Nuclear Fuel Litigation 0 68,840
Impairment of Northern Pass Transmission 0 239,644
Other (40,764) (137,428)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (66,460) 6,357
Fuel, Materials, Supplies and REC Inventory 59,332 63,918
Taxes Receivable/Accrued, Net 120,717 (6,883)
Accounts Payable (169,251) (156,077)
Other Current Assets and Liabilities, Net (91,587) (140,103)
Net Cash Flows Provided by Operating Activities 1,005,375 924,587
Investing Activities:    
Investments in Property, Plant and Equipment (1,400,198) (1,377,753)
Proceeds from Sales of Marketable Securities 250,589 348,904
Purchases of Marketable Securities (239,698) (302,950)
Investments in Unconsolidated Affiliates, Net (12,324) (265,955)
Other Investing Activities 11,129 4,055
Net Cash Flows Used in Investing Activities (1,390,502) (1,593,699)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 929,025 426,902
Cash Dividends on Common Shares (366,817) (323,346)
Cash Dividends on Preferred Stock (3,759) (3,759)
(Decrease)/Increase in Notes Payable (741,870) (181,000)
Repayment of Rate Reduction Bonds (21,605) (30,727)
Issuance of Long-Term Debt 940,000 1,000,000
Retirement of Long-Term Debt (270,456) (250,437)
Other Financing Activities (19,534) (10,682)
Net Cash Flows Provided by/(Used in) Financing Activities 444,984 626,951
Net Increase/(Decrease) in Cash and Restricted Cash 59,857 (42,161)
Cash and Restricted Cash - Beginning of Period 117,063 209,324
Cash and Restricted Cash - End of Period 176,920 167,163
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 236,009 215,275
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 158,152 147,844
Deferred Income Taxes 33,275 16,513
Uncollectible Expense 6,187 7,627
Pension, SERP and PBOP Expense, Net 5,886 6,926
Regulatory (Under)/Over Recoveries, Net (45,886) (40,460)
Amortization of Regulatory Assets, Net 850 48,047
Other (43,064) (40,290)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (49,800) (37,101)
Taxes Receivable/Accrued, Net 31,139 19,701
Accounts Payable (49,574) 5,443
Other Current Assets and Liabilities, Net (244) (3,941)
Net Cash Flows Provided by Operating Activities 282,930 345,584
Investing Activities:    
Investments in Property, Plant and Equipment (407,175) (466,112)
Other Investing Activities 146 551
Net Cash Flows Used in Investing Activities (407,029) (465,561)
Financing Activities:    
Cash Dividends on Common Shares (69,500) (275,400)
Cash Dividends on Preferred Stock (2,779) (2,779)
Issuance of Long-Term Debt 0 300,000
Retirement of Long-Term Debt 0 (250,000)
Increase in Notes Payable to Eversource Parent 208,200 259,400
Other Financing Activities (795) 4,237
Net Cash Flows Provided by/(Used in) Financing Activities 135,126 35,458
Net Increase/(Decrease) in Cash and Restricted Cash 11,027 (84,519)
Cash and Restricted Cash - Beginning of Period 4,971 91,613
Cash and Restricted Cash - End of Period 15,998 7,094
NSTAR Electric Company    
Operating Activities:    
Net Income 197,857 183,747
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 157,865 145,639
Deferred Income Taxes 26,062 11,603
Uncollectible Expense 6,826 11,605
Pension, SERP and PBOP Income, Net (9,296) (7,052)
Pension and PBOP Contributions 0 (3,007)
Regulatory (Under)/Over Recoveries, Net (59,685) 17,063
Amortization of Regulatory Assets, Net 46,612 45,768
Other (12,534) (36,973)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (36,627) (6,769)
Fuel, Materials, Supplies and REC Inventory 53,599 49,688
Taxes Receivable/Accrued, Net 5,279 25,572
Accounts Payable (49,881) (82,326)
Other Current Assets and Liabilities, Net (113,276) (103,054)
Net Cash Flows Provided by Operating Activities 212,801 251,504
Investing Activities:    
Investments in Property, Plant and Equipment (447,545) (418,571)
Other Investing Activities 40 41
Net Cash Flows Used in Investing Activities (447,505) (418,530)
Financing Activities:    
Cash Dividends on Common Shares (196,500) (181,800)
Cash Dividends on Preferred Stock (980) (980)
Capital Contributions from Eversource Parent 0 20,000
Increase in Notes Payable to Eversource Parent 7,800 40,300
(Decrease)/Increase in Notes Payable 131,500 (115,500)
Issuance of Long-Term Debt 400,000 400,000
Retirement of Long-Term Debt (95,000) 0
Other Financing Activities (4,946) (3,287)
Net Cash Flows Provided by/(Used in) Financing Activities 241,874 158,733
Net Increase/(Decrease) in Cash and Restricted Cash 7,170 (8,293)
Cash and Restricted Cash - Beginning of Period 6,312 14,659
Cash and Restricted Cash - End of Period 13,482 6,366
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 71,233 59,634
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 49,084 46,180
Deferred Income Taxes 9,193 12,030
Uncollectible Expense 1,255 3,143
Regulatory (Under)/Over Recoveries, Net (31,159) (29,377)
Amortization of Regulatory Assets, Net 31,673 19,523
Other (5,191) (10,524)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (3,237) 7,658
Fuel, Materials, Supplies and REC Inventory 2,212 14,225
Taxes Receivable/Accrued, Net (5,790) 18,029
Accounts Payable 8,219 (1,159)
Other Current Assets and Liabilities, Net (8,673) (17,620)
Net Cash Flows Provided by Operating Activities 118,819 121,742
Investing Activities:    
Investments in Property, Plant and Equipment (169,239) (132,791)
Other Investing Activities 250 743
Net Cash Flows Used in Investing Activities (168,989) (132,048)
Financing Activities:    
Cash Dividends on Common Shares (22,300) (233,000)
Repayment of Rate Reduction Bonds (21,605) (30,727)
Issuance of Long-Term Debt 0 300,000
Increase in Notes Payable to Eversource Parent 92,300 (36,900)
Other Financing Activities (43) (2,703)
Net Cash Flows Provided by/(Used in) Financing Activities 48,352 (3,330)
Net Increase/(Decrease) in Cash and Restricted Cash (1,818) (13,636)
Cash and Restricted Cash - Beginning of Period 36,688 52,723
Cash and Restricted Cash - End of Period $ 34,870 $ 39,087