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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues $ 2,791,482 $ 3,215,645 $ 9,216,467 $ 9,259,596
Operating Expenses:        
Purchased Power and Transmission 1,168,599 1,388,041 4,232,912 3,718,278
Operations and Maintenance 500,711 454,289 1,382,563 1,378,897
Depreciation 329,528 302,143 962,477 885,711
Energy Efficiency Programs 162,425 162,545 531,199 498,708
Taxes Other Than Income Taxes 243,645 240,047 704,989 683,441
Total Operating Expenses 2,260,929 2,658,352 7,375,680 7,583,679
Operating Income/(Loss) 530,553 557,293 1,840,787 1,675,917
Interest Expense 222,283 178,174 624,140 491,509
Other Income, Net 79,123 89,831 262,980 255,253
Income Before Income Tax Expense 387,393 468,950 1,078,627 1,439,661
Income Tax Expense 45,850 117,661 226,743 349,305
Net Income 341,543 351,289    
NSTAR Electric Company        
Operating Revenues 953,531 1,105,452 2,728,782 2,752,278
Operating Expenses:        
Purchased Power and Transmission 308,999 421,217 936,484 971,754
Operations and Maintenance 174,091 161,770 487,026 475,727
Depreciation 94,103 91,194 277,396 269,928
Amortization of Regulatory (Liabilities)/Assets, Net (6,462) 15,940 14,923 65,307
Energy Efficiency Programs 95,351 105,708 252,255 255,230
Taxes Other Than Income Taxes 68,449 65,085 188,191 185,748
Total Operating Expenses 734,531 860,914 2,156,275 2,223,694
Operating Income/(Loss) 219,000 244,538 572,507 528,584
Interest Expense 48,178 41,829 139,804 119,035
Other Income, Net 39,908 37,895 120,690 101,385
Income Before Income Tax Expense 210,730 240,604 553,393 510,934
Income Tax Expense 46,019 52,520 120,126 110,674
Net Income $ 164,711 $ 188,084 $ 433,267 $ 400,260