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COMMON SHARESHOLDERS' EQUITY AND NONCONTROLLING INTERESTS (NU)
12 Months Ended
Dec. 31, 2012
Notes To Consolidated Financial Statements [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
19.COMMON SHAREHOLDERS' EQUITY AND NONCONTROLLING INTERESTS (NU)
               
A summary of the changes in Common Shareholders' Equity and Noncontrolling Interests of NU is as follows:
               
             Noncontrolling
    Common       Interest -
    Shareholders' Noncontrolling Total Preferred Stock
(Millions of Dollars)Equity Interest Equity of Subsidiaries
Balance as of January 1, 2010$ 3,577.9 $ - $ 3,577.9 $ 116.2
Net Income   394.1   -   394.1   -
Dividends on Common Shares  (181.7)   -   (181.7)   -
Dividends on Preferred Stock  (6.1)   -   (6.1)   (6.1)
Issuance of Common Shares  7.4   -   7.4   -
Contributions to NPT  -   1.4   1.4   -
Other Transactions, Net  19.6   -   19.6   -
Net Income Attributable to Noncontrolling Interests  (0.1)   0.1   -   6.1
Other Comprehensive Income (Note 15)  0.1   -   0.1   -
Balance as of December 31, 2010$ 3,811.2 $ 1.5 $ 3,812.7 $ 116.2
Net Income   400.5   -   400.5   -
Dividends on Common Shares  (195.6)   -   (195.6)   -
Dividends on Preferred Stock  (5.6)   -   (5.6)   (5.6)
Issuance of Common Shares  5.9   -   5.9   -
Contributions to NPT  -   1.2   1.2   -
Other Transactions, Net  23.9   -   23.9   -
Net Income Attributable to Noncontrolling Interests  (0.3)   0.3   -   5.6
Other Comprehensive Loss (Note 15)  (27.3)   -   (27.3)   -
Balance as of December 31, 2011$ 4,012.7 $ 3.0 $ 4,015.7 $ 116.2
Net Income   533.1   -   533.1   -
Purchase Price of NSTAR (1)  5,038.3   -   5,038.3   -
Other Equity Impacts of Merger with NSTAR (2)  3.4   (3.4)   -   39.4
Dividends on Common Shares  (375.5)   -   (375.5)   -
Dividends on Preferred Stock  (7.0)   -   (7.0)   (7.0)
Issuance of Common Shares  13.3   -   13.3   -
Contributions to NPT  -   0.3   0.3   -
Other Transactions, Net  21.1   -   21.1   -
Net Income Attributable to Noncontrolling Interests  (0.1)   0.1   -   7.0
Other Comprehensive Loss (Note 15)  (2.2)   -   (2.2)   -
Balance as of December 31, 2012$ 9,237.1 $ 0.0 $ 9,237.1 $ 155.6

  • 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 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 December 31, 2012.

 

For the years ended December 31, 2012, 2011 and 2010, there was no change in ownership of the common equity of CL&P and NSTAR Electric.