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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues $ 12,289,336 $ 9,863,085 $ 8,904,430
Operating Expenses:      
Purchased Power and Transmission 5,014,074 3,372,344 2,987,840
Operations and Maintenance 1,865,328 1,739,685 1,480,252
Depreciation 1,194,246 1,103,008 981,380
Energy Efficiency Programs 658,051 592,775 535,760
Taxes Other Than Income Taxes 910,591 829,987 752,785
Total Operating Expenses 10,091,182 7,869,764 6,915,696
Operating Income 2,198,154 1,993,321 1,988,734
Interest Expense 678,274 582,334 538,452
Other Income, Net 346,088 161,282 108,590
Income Before Income Tax Expense 1,865,968 1,572,269 1,558,872
Income Tax Expense 453,574 344,223 346,186
Net Income 1,412,394 1,228,046 1,212,686
NSTAR Electric Company      
Operating Revenues 3,583,070 3,056,350 2,941,148
Operating Expenses:      
Purchased Power and Transmission 1,264,824 932,530 879,244
Operations and Maintenance 640,834 563,172 534,118
Depreciation 361,969 337,451 319,468
Amortization of Regulatory Assets, Net 83,855 55,774 83,248
Energy Efficiency Programs 332,247 288,612 263,986
Taxes Other Than Income Taxes 246,705 216,703 206,764
Total Operating Expenses 2,930,434 2,394,242 2,286,828
Operating Income 652,636 662,108 654,320
Interest Expense 162,892 146,048 130,508
Other Income, Net 142,661 74,844 52,017
Income Before Income Tax Expense 632,405 590,904 575,829
Income Tax Expense 139,977 114,335 130,828
Net Income $ 492,428 $ 476,569 $ 445,001