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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2014
Notes To Consolidated Financial Statements [Abstract]  
Segment Reporting Disclosure [Text Block]

14.       SEGMENT INFORMATION

 

Presentation: NU is organized between the Electric Distribution, Electric Transmission and Natural Gas Distribution reportable segments and Other based on a combination of factors, including the characteristics of each segments' products and services, the sources of operating revenues and expenses and the regulatory environment in which each segment operates. These reportable segments represented substantially all of NU's total consolidated revenues for the three and six months ended June 30, 2014 and 2013. Revenues from the sale of electricity and natural gas primarily are derived from residential, commercial and industrial customers and are not dependent on any single customer. The Electric Distribution reportable segment includes the generation activities of PSNH and WMECO.

 

The remainder of NU's operations is presented as Other in the tables below and primarily consists of 1) the equity in earnings of NU parent from its subsidiaries and intercompany interest income, both of which are eliminated in consolidation, and interest expense related to the debt of NU parent, 2) the revenues and expenses of NU's service company, most of which are eliminated in consolidation, 3) the operations of CYAPC and YAEC, and 4) the results of other non-regulated subsidiaries, which are not part of its core business.

 

Cash flows used for investments in plant included in the segment information below are cash capital expenditures that do not include amounts incurred but not paid, cost of removal, AFUDC related to equity funds, and the capitalized portions of pension expense.

 

NU's reportable segments are determined based upon the level at which NU's chief operating decision maker assesses performance and makes decisions about the allocation of company resources. Each of NU's subsidiaries, including CL&P, NSTAR Electric, PSNH and WMECO, has one reportable segment. NU's operating segments and reporting units are consistent with its reportable business segments.

 

NU's segment information is as follows:

  For the Three Months Ended June 30, 2014
  Electric  Natural Gas            
(Millions of Dollars)Distribution Distribution Transmission Other Eliminations Total
Operating Revenues$ 1,261.8 $ 195.5 $ 206.9 $ 184.7 $ (171.3) $ 1,677.6
Depreciation and Amortization  (89.3)   (16.9)   (37.0)   (7.7)   2.3   (148.6)
Other Operating Expenses  (991.5)   (166.5)   (71.0)   (174.9)   168.9   (1,235.0)
Operating Income  181.0   12.1   98.9   2.1   (0.1)   294.0
Interest Expense  (47.2)   (8.7)   (28.8)   (9.1)   1.3   (92.5)
Other Income, Net  2.9   -   2.7   137.7   (137.8)   5.5
Net Income Attributable to Controlling Interest$ 83.4 $ 2.0 $ 43.9 $ 133.3 $ (135.2) $ 127.4
                   
  For the Six Months Ended June 30, 2014
  Electric  Natural Gas            
(Millions of Dollars)Distribution Distribution Transmission Other Eliminations Total
Operating Revenues$ 2,847.8 $ 628.3 $ 458.9 $ 356.9 $ (323.7) $ 3,968.2
Depreciation and Amortization  (238.2)   (34.6)   (74.0)   (14.7)   4.1   (357.4)
Other Operating Expenses  (2,202.4)   (487.9)   (137.3)   (340.3)   318.8   (2,849.1)
Operating Income  407.2   105.8   247.6   1.9   (0.8)   761.7
Interest Expense  (94.6)   (17.1)   (54.3)   (18.7)   2.2   (182.5)
Other Income, Net  4.3   0.1   4.2   432.4   (433.8)   7.2
Net Income Attributable to Controlling Interest$ 195.6 $ 54.1 $ 118.8 $ 424.9 $ (430.1) $ 363.3
Cash Flows Used for Investments in Plant$ 335.6 $ 68.6 $ 289.3 $ 30.5 $ - $ 724.0

  For the Three Months Ended June 30, 2013
  Electric Natural Gas            
(Millions of Dollars)Distribution Distribution Transmission Other Eliminations Total
Operating Revenues$ 1,221.6 $ 154.1 $ 247.9 $ 220.7 $ (208.4) $ 1,635.9
Depreciation and Amortization  (152.2)   (16.7)   (34.5)   (21.7)   2.9   (222.2)
Other Operating Expenses  (883.3)   (127.0)   (63.6)   (194.9)   205.7   (1,063.1)
Operating Income  186.1   10.4   149.8   4.1   0.2   350.6
Interest Expense  (43.4)   (8.9)   (25.2)   (10.7)   1.3   (86.9)
Other Income, Net  2.2   0.1   2.8   232.2   (232.3)   5.0
Net Income Attributable to Controlling Interest$ 91.2 $ 1.2 $ 76.8 $ 232.8 $ (231.0) $ 171.0
                   
  For the Six Months Ended June 30, 2013
  Electric Natural Gas            
(Millions of Dollars)Distribution Distribution Transmission Other Eliminations Total
Operating Revenues$ 2,595.8 $ 515.9 $ 487.4 $ 437.8 $ (406.0) $ 3,630.9
Depreciation and Amortization  (329.1)   (34.1)   (66.3)   (40.8)   4.6   (465.7)
Other Operating Expenses  (1,888.3)   (394.3)   (125.8)   (392.2)   404.9   (2,395.7)
Operating Income  378.4   87.5   295.3   4.8   3.5   769.5
Interest Expense  (85.6)   (16.2)   (47.1)   (17.1)   2.9   (163.1)
Other Income, Net  7.1   0.3   5.5   554.0   (554.2)   12.7
Net Income Attributable to Controlling Interest$ 190.6 $ 44.5 $ 156.7 $ 555.5 $ (548.2) $ 399.1
Cash Flows Used for Investments in Plant$ 315.3 $ 70.9 $ 297.4 $ 16.7 $ - $ 700.3
                   
The following table summarizes NU's segmented total assets:
                   
  Electric Natural Gas            
(Millions of Dollars)Distribution Distribution Transmission Other Eliminations Total
As of June 30, 2014$ 16,942.5 $ 2,753.8 $ 6,934.1 $ 11,566.6 $ (10,406.6) $ 27,790.4
As of December 31, 2013  17,260.0   2,759.7   6,745.8   11,842.4   (10,812.4)   27,795.5