XML 60 R32.htm IDEA: XBRL DOCUMENT

DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2012

Notes To Consolidated Financial Statements [Abstract]

Schedule Of Derivative Instruments In Statement Of Financial Position Fair Value Text Block

		As of September 30, 2012
		Commodity Supply and		Collateral		Net Amount Recorded as
(Millions of Dollars)		Price Risk Management		and Netting ⁽¹⁾		Derivative Asset/(Liability)⁽²⁾
Current Derivative Assets:
Level 2:
	PSNH	$	0.6	$	-	$	0.6
	Other		2.4		(0.3)		2.1
Level 3:
	CL&P		17.9		(12.1)		5.8
	Other		4.8		-		4.8
Total Current Derivative Assets		$	25.7	$	(12.4)	$	13.3

Long-Term Derivative Assets:
Level 3:
	CL&P	$	164.0	$	(72.0)	$	92.0
	Other		1.3		-		1.3
Total Long-Term Derivative Assets		$	165.3	$	(72.0)	$	93.3

Current Derivative Liabilities:
Level 2:
	Other	$	(17.5)	$	1.7	$	(15.8)
Level 3:
	CL&P		(97.5)		-		(97.5)
	NSTAR Electric		(0.6)		-		(0.6)
Total Current Derivative Liabilities		$	(115.6)	$	1.7	$	(113.9)

Long-Term Derivative Liabilities:
Level 2:
	Other	$	(4.3)	$	-	$	(4.3)
Level 3:
	CL&P		(891.2)		-		(891.2)
	NSTAR Electric		(13.2)		-		(13.2)
	WMECO		(3.7)		-		(3.7)
Total Long-Term Derivative Liabilities		$	(912.4)	$	-	$	(912.4)

		As of December 31, 2011
		Commodity Supply and		Collateral		Net Amount Recorded as
(Millions of Dollars)		Price Risk Management		and Netting⁽¹⁾		Derivative Asset/(Liability)⁽²⁾
Current Derivative Assets:
Level 3:
	CL&P	$	17.9	$	(11.6)	$	6.3
	Other		4.7		-		4.7
Total Current Derivative Assets⁽³⁾		$	22.6	$	(11.6)	$	11.0

Long-Term Derivative Assets:
Level 3:
	CL&P	$	174.2	$	(80.4)	$	93.8
	Other		4.6		-		4.6
Total Long-Term Derivative Assets		$	178.8	$	(80.4)	$	98.4

Current Derivative Liabilities:
Level 3:
	CL&P	$	(95.9)	$	-	$	(95.9)
	WMECO		(0.1)		-		(0.1)
	Other		(16.1)		4.5		(11.6)
Total Current Derivative Liabilities		$	(112.1)	$	4.5	$	(107.6)

Long-Term Derivative Liabilities:
Level 3:
	CL&P	$	(935.8)	$	-	$	(935.8)
	WMECO		(7.2)		-		(7.2)
	Other		(17.3)		0.4		(16.9)
Total Long-Term Derivative Liabilities⁽⁴⁾		$	(960.3)	$	0.4	$	(959.9)

Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance Text Block

		Amounts Recognized on Derivatives
Location of Amounts		For the Three Months Ended				For the Nine Months Ended
Recognized on Derivatives		September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
(Millions of Dollars)
NU
Balance Sheet:
	Regulatory Assets	$	11.7	$	(47.7)	$	(25.0)	$	(92.8)
Statement of Income:
	Purchased Power, Fuel and Transmission		0.2		0.3		(0.8)		1.0

Schedule Of Credit Risk Contingent Features [Table Text Block]

As of September 30, 2012

As of December 31, 2011

Additional

Fair Value

Collateral Required

Fair Value

Collateral Required

Subject to Credit

Cash

If Downgraded

Subject to Credit

Cash

If Downgraded

Risk Contingent

Collateral

Below Investment

Risk Contingent

Collateral

Below Investment

(Millions of Dollars)

Features

Posted

Grade

Features

Posted

Grade

(15.8)

1.3

15.7

(23.5)

4.1

19.9

Rollforward Of Net Derivative Asset Liabilities Valued Using Unobservable Inputs

		For the Three Months Ended				For the Nine Months Ended
		September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
(Millions of Dollars)		NU		NU		NU		NU
Derivatives, Net:
Fair Value as of Beginning of Period		$	(932.1)	$	(886.2)	$	(962.2)	$	(840.2)
Increase due to Merger with NSTAR			-		-		(5.4)		-
Transfer to Level 2			-		-		32.2		-
Net Realized/Unrealized Gains/(Losses) Included in:
	Net Income⁽²⁾		(0.2)		0.3		7.2		1.0
	Regulatory Assets		8.5		(47.9)		(30.1)		(93.0)
Settlements			21.5		17.7		56.0		16.1
Fair Value as of End of Period		$	(902.3)	$	(916.1)	$	(902.3)	$	(916.1)

		For the Three Months Ended
		September 30, 2012						September 30, 2011
(Millions of Dollars)		CL&P		NSTAR Electric		WMECO		CL&P		NSTAR Electric⁽¹⁾
Derivatives, Net:
Fair Value as of Beginning of Period		$	(910.7)	$	(15.8)	$	(13.5)	$	(858.7)	$	(1.0)
Net Realized/Unrealized Gains/(Losses)
	Included in Regulatory Assets		(2.8)		1.4		9.8		(47.9)		(1.2)
Settlements			22.6		0.6		-		15.5		0.6
Fair Value as of End of Period		$	(890.9)	$	(13.8)	$	(3.7)	$	(891.1)	$	(1.6)

		For the Nine Months Ended
		September 30, 2012						September 30, 2011
(Millions of Dollars)		CL&P		NSTAR Electric⁽¹⁾		WMECO		CL&P		NSTAR Electric⁽¹⁾
Derivatives, Net:
Fair Value as of Beginning of Period		$	(931.6)	$	(3.4)	$	(7.3)	$	(806.1)	$	(2.4)
Net Realized/Unrealized Gains/(Losses)
	Included in Regulatory Assets		(23.8)		(13.2)		3.6		(92.9)		(1.3)
Settlements			64.5		2.8		-		7.9		2.1
Fair Value as of End of Period		$	(890.9)	$	(13.8)	$	(3.7)	$	(891.1)	$	(1.6)

FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock

	Range	Period Covered
Energy Prices:
NU	$41 - $90 per MWh	2017 - 2028
CL&P	$47 - $55 per MWh	2017 - 2020
WMECO	$41 - $90 per MWh	2017 - 2028

Capacity Prices:
NU	$1.40 - $10.53 per kW-Month	2016 - 2028
CL&P	$1.40 - $9.51 per kW-Month	2016 - 2026
NSTAR Electric	$1.40 - $10.18 per kW-Month	2016 - 2027
WMECO	$1.40 - $10.53 per kW-Month	2016 - 2028

Forward Reserve:
NU, CL&P	$0.35 - $0.90 per kW-Month	2013 - 2024

REC Prices:
NU	$25 - $85 per REC	2012 - 2028
NSTAR Electric	$25 - $63 per REC	2012 - 2017
WMECO	$25 - $85 per REC	2013 - 2028

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details