XML 66 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Revenues $ 1,099,623 $ 1,235,251
Operating Expenses:    
Fuel, Purchased and Net Interchange Power 398,013 474,109
Other Operating Expenses 225,958 251,978
Maintenance 69,826 67,764
Depreciation 80,839 73,951
Amortization of Regulatory Assets/(Liabilities), Net 6,209 34,407
Amortization of Rate Reduction Bonds 18,347 17,282
Taxes Other Than Income Taxes 86,038 88,403
Total Operating Expenses 885,230 1,007,894
Operating Income 214,393 227,357
Interest Expense:    
Interest on Long-Term Debt 59,968 57,399
Interest on Rate Reduction Bonds 1,431 2,578
Other Interest 5,048 (1,428)
Total Interest Expense 66,447 58,549
Other Income/(Loss), Net 8,773 10,313
Income Before Income Tax Expense 156,719 179,121
Income Tax Expense 55,964 63,537
Net Income 100,755 115,584
Net Income Attributable to Noncontrolling Interests 1,493 1,429
Net Income Attributable to Controlling Interests 99,262 114,155
Earnings Per Share Basic And Diluted $ 0.56 $ 0.64
Common Stock Dividends Per Share Declared $ 0.29 $ 0.28
Weighted Average Common Shares Outstanding:    
Basic 178,055,716 177,188,207
Diluted 178,437,453 177,480,996
The Connecticut Light And Power Company [Member]
   
Operating Revenues 591,965 673,682
Operating Expenses:    
Fuel, Purchased and Net Interchange Power 223,835 255,369
Other Operating Expenses 108,824 134,262
Maintenance 42,788 40,782
Depreciation 41,070 39,475
Amortization of Regulatory Assets/(Liabilities), Net 8,313 19,343
Taxes Other Than Income Taxes 55,270 58,468
Total Operating Expenses 480,100 547,699
Operating Income 111,865 125,983
Interest Expense:    
Interest on Long-Term Debt 31,521 33,328
Other Interest 1,987 (3,575)
Total Interest Expense 33,508 29,753
Other Income/(Loss), Net 5,300 4,606
Income Before Income Tax Expense 83,657 100,836
Income Tax Expense 29,672 36,499
Net Income 53,985 64,337
Public Service Company Of New Hampshire [Member]
   
Operating Revenues 242,997 269,470
Operating Expenses:    
Fuel, Purchased and Net Interchange Power 73,197 87,132
Other Operating Expenses 56,999 56,422
Maintenance 19,413 18,704
Depreciation 21,208 17,907
Amortization of Regulatory Assets/(Liabilities), Net (2,622) 15,567
Amortization of Rate Reduction Bonds 13,930 13,135
Taxes Other Than Income Taxes 15,486 13,667
Total Operating Expenses 197,611 222,534
Operating Income 45,386 46,936
Interest Expense:    
Interest on Long-Term Debt 11,563 8,624
Interest on Rate Reduction Bonds 1,016 1,893
Other Interest 234 (60)
Total Interest Expense 12,813 10,457
Other Income/(Loss), Net 2,042 4,459
Income Before Income Tax Expense 34,615 40,938
Income Tax Expense 13,353 13,474
Net Income 21,262 27,464
Western Massachusetts Electric Company [Member]
   
Operating Revenues 114,025 106,684
Operating Expenses:    
Fuel, Purchased and Net Interchange Power 39,504 40,204
Other Operating Expenses 24,019 26,230
Maintenance 4,724 4,771
Depreciation 7,697 6,338
Amortization of Regulatory Assets/(Liabilities), Net 121 (600)
Amortization of Rate Reduction Bonds 4,418 4,146
Taxes Other Than Income Taxes 4,882 4,543
Total Operating Expenses 85,365 85,632
Operating Income 28,660 21,052
Interest Expense:    
Interest on Long-Term Debt 5,766 4,754
Interest on Rate Reduction Bonds 415 684
Other Interest 214 136
Total Interest Expense 6,395 5,574
Other Income/(Loss), Net 1,092 739
Income Before Income Tax Expense 23,357 16,217
Income Tax Expense 9,171 6,251
Net Income $ 14,186 $ 9,966