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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenues $ 2,343,642 $ 2,175,797 $ 6,670,497 $ 6,476,084
Operating Expenses:        
Purchased Power, Fuel and Transmission 806,254 730,255 2,312,957 2,326,041
Operations and Maintenance 332,031 331,054 1,006,148 994,660
Depreciation 244,453 222,599 721,179 656,632
Amortization 57,515 73,854 130,687 183,760
Energy Efficiency Programs 145,047 136,832 408,794 382,785
Taxes Other Than Income Taxes 197,112 171,965 556,726 537,636
Impairment of Northern Pass Transmission 0 0 0 239,644
Total Operating Expenses 1,782,412 1,666,559 5,136,491 5,321,158
Operating Income/(Loss) 561,230 509,238 1,534,006 1,154,926
Interest Expense 134,066 135,216 403,067 399,654
Other Income, Net 29,218 26,968 83,565 103,818
Income Before Income Tax Expense 456,382 400,990 1,214,504 859,090
Income Tax Expense 108,242 80,226 275,621 194,435
Net Income 348,140 320,764 938,883 664,655
Net Income Attributable to Noncontrolling Interests 1,880 1,880 5,639 5,639
Net Income Attributable to Common Shareholders $ 346,260 $ 318,884 $ 933,244 $ 659,016
Basic Earnings Per Common Share (in dollars per share) $ 1.01 $ 0.98 $ 2.77 $ 2.06
Diluted Earnings Per Common Share (in dollars per share) $ 1.01 $ 0.98 $ 2.76 $ 2.05
Weighted Average Common Shares Outstanding:        
Basic (in shares) 343,076,614 324,037,169 337,375,172 320,442,253
Diluted (in shares) 343,773,602 326,008,342 338,424,100 321,570,926
The Connecticut Light and Power Company        
Operating Revenues $ 994,270 $ 853,943 $ 2,711,394 $ 2,444,034
Operating Expenses:        
Purchased Power, Fuel and Transmission 399,117 299,017 1,089,232 865,389
Operations and Maintenance 147,487 135,077 417,717 399,065
Depreciation 80,583 76,250 238,735 224,095
Amortization of Regulatory Assets, Net 36,365 30,406 37,215 78,453
Energy Efficiency Programs 41,829 40,129 109,655 86,897
Taxes Other Than Income Taxes 97,715 82,781 260,571 261,244
Total Operating Expenses 803,096 663,660 2,153,125 1,915,143
Operating Income/(Loss) 191,174 190,283 558,269 528,891
Interest Expense 38,369 39,520 114,972 112,274
Other Income, Net 5,917 4,831 16,273 11,564
Income Before Income Tax Expense 158,722 155,594 459,570 428,181
Income Tax Expense 38,625 43,907 103,464 101,219
Net Income 120,097 111,687 356,106 326,962
NSTAR Electric Company        
Operating Revenues 875,371 878,669 2,270,174 2,358,174
Operating Expenses:        
Purchased Power, Fuel and Transmission 267,375 300,726 702,117 859,227
Operations and Maintenance 131,143 120,917 369,293 342,804
Depreciation 80,366 74,664 238,232 220,303
Amortization of Regulatory Assets, Net 22,527 27,296 69,139 73,064
Energy Efficiency Programs 85,244 84,409 210,666 227,042
Taxes Other Than Income Taxes 54,680 51,266 153,985 144,314
Total Operating Expenses 641,335 659,278 1,743,432 1,866,754
Operating Income/(Loss) 234,036 219,391 526,742 491,420
Interest Expense 31,029 29,322 95,000 85,442
Other Income, Net 12,802 10,735 38,152 32,479
Income Before Income Tax Expense 215,809 200,804 469,894 438,457
Income Tax Expense 50,081 45,864 106,309 99,769
Net Income 165,728 154,940 363,585 338,688
Public Service Company of New Hampshire        
Operating Revenues 283,669 280,431 815,261 797,766
Operating Expenses:        
Purchased Power, Fuel and Transmission 96,612 101,381 273,311 300,680
Operations and Maintenance 50,657 50,838 151,802 156,197
Depreciation 25,410 23,539 74,494 69,720
Amortization of Regulatory Assets, Net 7,360 20,421 39,034 39,944
Energy Efficiency Programs 11,081 7,300 29,231 20,229
Taxes Other Than Income Taxes 18,174 12,487 58,331 50,523
Total Operating Expenses 209,294 215,966 626,203 637,293
Operating Income/(Loss) 74,375 64,465 189,058 160,473
Interest Expense 14,942 16,378 44,029 44,654
Other Income, Net 4,065 4,634 10,882 14,640
Income Before Income Tax Expense 63,498 52,721 155,911 130,459
Income Tax Expense 16,347 11,842 37,527 29,947
Net Income $ 47,151 $ 40,879 $ 118,384 $ 100,512