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COMMON SHARESHOLDERS' EQUITY AND NONCONTROLLING INTERESTS (NU)
9 Months Ended
Sep. 30, 2012
Notes To Consolidated Financial Statements [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

13.       COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS (NU)

 

A summary of the changes in Common Shareholders' Equity and Noncontrolling Interests of NU is as follows:

    For the Three Months Ended
    September 30, 2012 September 30, 2011
             Noncontrolling          Noncontrolling
    Common       Interest - Common       Interest -
    Shareholders' Noncontrolling Total Preferred Stock Shareholders' Noncontrolling Total Preferred Stock
(Millions of Dollars)Equity Interest Equity of Subsidiaries Equity Interest Equity of Subsidiaries
Balance as of Beginning                        
 of Period$ 9,067.6 $ - $ 9,067.6 $ 155.6 $ 3,915.1 $ 1.8 $ 3,916.9 $ 116.2
Net Income   209.5   -   209.5   -   91.4   -   91.4   -
Dividends on Common Shares  (107.6)   -   (107.6)   -   (48.9)   -   (48.9)   -
Dividends on Preferred Stock  (1.9)   -   (1.9)   (1.9)   (1.4)   -   (1.4)   (1.4)
Issuance of Common Shares  0.8   -   0.8   -   0.9   -   0.9   -
Contributions to NPT  -   -   -   -   -   0.6   0.6   -
Other Transactions, Net  6.3   -   6.3   -   8.5   -   8.5   -
Net Income Attributable to                        
 Noncontrolling Interests  -   -   -   1.9   -   0.1   0.1   1.4
Other Comprehensive Income/(Loss)  2.2   -   2.2   -   (9.4)   -   (9.4)   -
Balance as of End of Period$ 9,176.9 $ - $ 9,176.9 $ 155.6 $ 3,956.2 $ 2.5 $ 3,958.7 $ 116.2
                           
    For the Nine Months Ended
    September 30, 2012 September 30, 2011
             Noncontrolling          Noncontrolling
    Common       Interest - Common       Interest -
    Shareholders' Noncontrolling Total Preferred Stock Shareholders' Noncontrolling Total Preferred Stock
(Millions of Dollars)Equity Interest Equity of Subsidiaries Equity Interest Equity of Subsidiaries
Balance as of Beginning                        
 of Period$ 4,012.7 $ 3.0 $ 4,015.7 $ 116.2 $ 3,811.2 $ 1.5 $ 3,812.7 $ 116.2
Net Income   356.5   -   356.5   -   285.7   -   285.7   -
Purchase Price of NSTAR (1)  5,038.3   -   5,038.3   -   -   -   -   -
Other Impacts of Merger with                       
 NSTAR (2)  3.4   (3.4)   -   39.4   -   -   -   -
Dividends on Common Shares  (267.8)   -   (267.8)   -   (146.6)   -   (146.6)   -
Dividends on Preferred Stock  (5.1)   -   (5.1)   (5.1)   (4.2)   -   (4.2)   (4.2)
Issuance of Common Shares  12.2   -   12.2   -   5.1   -   5.1   -
Contributions to NPT  -   0.3   0.3   -   -   0.9   0.9   -
Other Transactions, Net  20.3   -   20.3   -   16.8   -   16.8   -
Net Income Attributable to                        
 Noncontrolling Interests  (0.1)   0.1   -   5.1   -   0.1   0.1   4.2
Other Comprehensive Income/(Loss)  6.5   -   6.5   -   (11.8)   -   (11.8)   -
Balance as of End of Period$ 9,176.9 $ 0.0 $ 9,176.9 $ 155.6 $ 3,956.2 $ 2.5 $ 3,958.7 $ 116.2

  • On April 10, 2012, in connection with the consummation of the merger with NSTAR, NU issued approximately 136 million common shares to the NSTAR shareholders. See Note 2, "Merger of NU and NSTAR," for further information.

     

  • The preferred stock of NSTAR Electric is not subject to mandatory redemption and has been presented as a noncontrolling interest in NSTAR Electric in the accompanying unaudited condensed consolidated financial statements of NU. In addition, upon completion of the merger, an NSTAR subsidiary that held 25 percent of NPT was merged into NUTV, resulting in NUTV owning 100 percent of NPT. Accordingly, the noncontrolling interest balance was eliminated and 100 percent ownership of NPT is reflected in Common Shareholders' Equity as of September 30, 2012.

 

For the three and nine months ended September 30, 2012, there was no change in NU parent's 100 percent ownership of the common equity of CL&P.