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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues $ 3,215,645 $ 2,432,794 $ 9,259,596 $ 7,381,172
Operating Expenses:        
Purchased Power, Fuel and Transmission 1,388,041 880,639 3,718,278 2,529,217
Operations and Maintenance 454,289 389,065 1,378,897 1,265,754
Depreciation 302,143 276,846 885,711 822,197
Energy Efficiency Programs 162,545 143,796 498,708 460,814
Taxes Other Than Income Taxes 240,047 213,881 683,441 623,827
Total Operating Expenses 2,658,352 1,949,463 7,583,679 5,860,669
Operating Income/(Loss) 557,293 483,331 1,675,917 1,520,503
Interest Expense 178,174 147,962 491,509 431,162
Other Income, Net 89,831 43,768 255,253 124,588
Income Before Income Tax Expense 468,950 379,137 1,439,661 1,213,929
Income Tax Expense 117,661 94,091 349,305 294,461
Net Income 351,289 285,046 1,090,356 919,468
NSTAR Electric Company        
Operating Revenues 1,105,452 918,698 2,752,278 2,343,116
Operating Expenses:        
Purchased Power, Fuel and Transmission 421,217 294,052 971,754 711,667
Operations and Maintenance 161,770 142,074 475,727 421,649
Depreciation 91,194 84,820 269,928 251,530
Amortization of Regulatory Assets, Net 15,940 8,073 65,307 23,963
Energy Efficiency Programs 105,708 86,699 255,230 226,071
Taxes Other Than Income Taxes 65,085 54,723 185,748 163,501
Total Operating Expenses 860,914 670,441 2,223,694 1,798,381
Operating Income/(Loss) 244,538 248,257 528,584 544,735
Interest Expense 41,829 37,329 119,035 106,829
Other Income, Net 37,895 20,215 101,385 58,941
Income Before Income Tax Expense 240,604 231,143 510,934 496,847
Income Tax Expense 52,520 53,692 110,674 114,560
Net Income $ 188,084 $ 177,451 $ 400,260 $ 382,287