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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues $ 2,629,342 $ 2,572,641 $ 6,424,985 $ 6,043,951
Operating Expenses:        
Purchased Power and Transmission 1,161,067 940,541 3,064,313 2,330,237
Operations and Maintenance 427,290 452,174 881,852 924,608
Depreciation 319,995 294,238 632,949 583,568
Energy Efficiency Programs 145,823 136,679 368,774 336,163
Taxes Other Than Income Taxes 232,927 223,031 461,344 443,395
Total Operating Expenses 2,068,680 2,117,072 5,114,751 4,925,328
Operating Income 560,662 455,569 1,310,234 1,118,623
Interest Expense 207,313 160,090 401,858 313,334
Other Income, Net 94,875 93,861 183,857 165,422
Income Before Income Tax Expense 47,224 389,340 691,233 970,711
Income Tax Expense 29,922 95,598 180,893 231,643
Net Income 17,302 293,742 510,340 739,068
NSTAR Electric Company        
Operating Revenues 818,968 783,650 1,775,251 1,646,825
Operating Expenses:        
Purchased Power and Transmission 266,560 236,789 627,485 550,537
Operations and Maintenance 146,852 149,094 312,935 313,956
Depreciation 92,863 89,701 183,292 178,734
Amortization of Regulatory (Liabilities)/Assets, Net (1,400) 20,022 21,385 49,367
Energy Efficiency Programs 70,687 69,290 156,904 149,522
Taxes Other Than Income Taxes 66,232 60,891 119,743 120,664
Total Operating Expenses 641,794 625,787 1,421,744 1,362,780
Operating Income 177,174 157,863 353,507 284,045
Interest Expense 46,761 38,984 91,626 77,206
Other Income, Net 40,909 34,259 80,782 63,490
Income Before Income Tax Expense 171,322 153,138 342,663 270,329
Income Tax Expense 36,579 33,701 74,107 58,152
Net Income $ 134,743 $ 119,437 $ 268,556 $ 212,177