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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities:    
Net Income $ 938,883 $ 664,655
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 721,179 656,632
Deferred Income Taxes 156,795 73,487
Uncollectible Expense 31,101 46,417
Pension, SERP and PBOP Expense, Net 9,153 18,507
Pension and PBOP Contributions (107,985) (120,373)
Regulatory (Under)/Over Recoveries, Net (29,287) 80,688
Amortization 130,687 183,760
Proceeds from DOE Spent Nuclear Fuel Litigation 0 68,840
Impairment of Northern Pass Transmission 0 239,644
Other (69,216) (185,625)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (193,895) (57,011)
Fuel, Materials, Supplies and REC Inventory 21,102 34,030
Taxes Receivable/Accrued, Net 89,759 53,687
Accounts Payable (121,034) (157,355)
Other Current Assets and Liabilities, Net (81,033) (105,133)
Net Cash Flows Provided by Operating Activities 1,496,209 1,494,850
Investing Activities:    
Investments in Property, Plant and Equipment (2,101,564) (2,129,037)
Proceeds from Sales of Marketable Securities 386,712 458,322
Purchases of Marketable Securities (391,368) (405,095)
Proceeds from the Sale of Hingham Water System 110,536 0
Investments in Unconsolidated Affiliates, Net (31,677) (374,913)
Other Investing Activities 17,647 (1,126)
Net Cash Flows Used in Investing Activities (2,009,714) (2,451,849)
Financing Activities:    
Issuance of Common Shares, Net of Issuance Costs 929,025 426,902
Cash Dividends on Common Shares (555,655) (495,571)
Cash Dividends on Preferred Stock (5,639) (5,639)
(Decrease)/Increase in Notes Payable (1,174,870) (197,500)
Repayment of Rate Reduction Bonds (43,210) (52,332)
Issuance of Long-Term Debt 2,360,000 1,475,000
Retirement of Long-Term Debt (302,236) (250,855)
Other Financing Activities 18,030 (450)
Net Cash Flows Provided by/(Used in) Financing Activities 1,225,445 899,555
Net Increase/(Decrease) in Cash and Restricted Cash 711,940 (57,444)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 117,063 209,324
Cash, Cash Equivalents and Restricted Cash - End of Period 829,003 151,880
The Connecticut Light and Power Company    
Operating Activities:    
Net Income 356,106 326,962
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 238,735 224,095
Deferred Income Taxes 92,590 19,999
Uncollectible Expense 10,013 12,084
Pension, SERP and PBOP Expense, Net 8,629 9,843
Pension Contributions (23,200) (24,000)
Regulatory (Under)/Over Recoveries, Net (32,051) 32,435
Amortization of Regulatory Assets, Net 37,215 78,453
Other (63,525) (66,737)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (153,464) (70,996)
Taxes Receivable/Accrued, Net (1,515) 32,708
Accounts Payable (1,976) 8,604
Other Current Assets and Liabilities, Net (68,316) (51,937)
Net Cash Flows Provided by Operating Activities 399,241 531,513
Investing Activities:    
Investments in Property, Plant and Equipment (609,690) (699,288)
Other Investing Activities 496 645
Net Cash Flows Used in Investing Activities (609,194) (698,643)
Financing Activities:    
Cash Dividends on Common Shares (69,500) (341,800)
Cash Dividends on Preferred Stock (4,169) (4,169)
Capital Contributions from Eversource Parent 125,000 0
Issuance of Long-Term Debt 0 500,000
Retirement of Long-Term Debt 0 (250,000)
Increase in Notes Payable to Eversource Parent 172,100 173,100
Other Financing Activities (1,214) 12,667
Net Cash Flows Provided by/(Used in) Financing Activities 222,217 89,798
Net Increase/(Decrease) in Cash and Restricted Cash 12,264 (77,332)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 4,971 91,613
Cash, Cash Equivalents and Restricted Cash - End of Period 17,235 14,281
NSTAR Electric Company    
Operating Activities:    
Net Income 363,585 338,688
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 238,232 220,303
Deferred Income Taxes 13,436 11,080
Uncollectible Expense 11,321 18,598
Pension, SERP and PBOP Income, Net (13,714) (9,779)
Pension and PBOP Contributions (650) (4,910)
Regulatory (Under)/Over Recoveries, Net (20,047) 46,543
Amortization of Regulatory Assets, Net 69,139 73,064
Other (25,508) (50,685)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (104,528) (68,167)
Fuel, Materials, Supplies and REC Inventory 27,709 24,033
Taxes Receivable/Accrued, Net 55,405 66,917
Accounts Payable (57,300) (47,256)
Other Current Assets and Liabilities, Net (54,481) (31,495)
Net Cash Flows Provided by Operating Activities 502,599 586,934
Investing Activities:    
Investments in Property, Plant and Equipment (655,039) (636,214)
Other Investing Activities 138 67
Net Cash Flows Used in Investing Activities (654,901) (636,147)
Financing Activities:    
Cash Dividends on Common Shares (196,500) (181,800)
Cash Dividends on Preferred Stock (1,470) (1,470)
Capital Contributions from Eversource Parent 0 30,000
Increase in Notes Payable to Eversource Parent 6,300 48,700
(Decrease)/Increase in Notes Payable 50,000 (250,500)
Issuance of Long-Term Debt 400,000 400,000
Retirement of Long-Term Debt (95,000) 0
Other Financing Activities (4,931) (3,868)
Net Cash Flows Provided by/(Used in) Financing Activities 158,399 41,062
Net Increase/(Decrease) in Cash and Restricted Cash 6,097 (8,151)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 6,312 14,659
Cash, Cash Equivalents and Restricted Cash - End of Period 12,409 6,508
Public Service Company of New Hampshire    
Operating Activities:    
Net Income 118,384 100,512
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:    
Depreciation 74,494 69,720
Deferred Income Taxes 13,959 12,960
Uncollectible Expense 2,058 4,977
Pension, SERP and PBOP Expense, Net (894) 683
Pension Contributions (19,500) (15,400)
Regulatory (Under)/Over Recoveries, Net (22,203) (13,347)
Amortization of Regulatory Assets, Net 39,034 39,944
Other (7,545) (23,865)
Changes in Current Assets and Liabilities:    
Receivables and Unbilled Revenues, Net (24,562) (13,498)
Fuel, Materials, Supplies and REC Inventory (301) 13,545
Taxes Receivable/Accrued, Net 1,313 31,909
Accounts Payable (29,388) (12,100)
Other Current Assets and Liabilities, Net 4,363 6,754
Net Cash Flows Provided by Operating Activities 149,212 202,794
Investing Activities:    
Investments in Property, Plant and Equipment (248,899) (209,031)
Other Investing Activities 1,969 904
Net Cash Flows Used in Investing Activities (246,930) (208,127)
Financing Activities:    
Cash Dividends on Common Shares (22,300) (252,000)
Repayment of Rate Reduction Bonds (43,210) (52,332)
Issuance of Long-Term Debt 150,000 300,000
Increase in Notes Payable to Eversource Parent 2,100 (14,900)
Other Financing Activities (2,965) (4,146)
Net Cash Flows Provided by/(Used in) Financing Activities 83,625 (23,378)
Net Increase/(Decrease) in Cash and Restricted Cash (14,093) (28,711)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 36,688 52,723
Cash, Cash Equivalents and Restricted Cash - End of Period $ 22,595 $ 24,012