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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues $ 1,953,128 $ 1,884,495 $ 4,326,854 $ 4,300,287
Operating Expenses:        
Purchased Power, Fuel and Transmission 630,132 620,904 1,506,703 1,595,786
Operations and Maintenance 332,055 328,010 674,117 663,606
Depreciation 240,516 219,084 476,727 434,032
Amortization 23,397 38,945 73,172 109,906
Energy Efficiency Programs 115,354 105,837 263,747 245,953
Taxes Other Than Income Taxes 178,019 181,083 359,613 365,672
Impairment of Northern Pass Transmission 0 239,644 0 239,644
Total Operating Expenses 1,519,473 1,733,507 3,354,079 3,654,599
Operating Income 433,655 150,988 972,775 645,688
Interest Expense 134,285 132,705 269,000 264,438
Other Income, Net 30,243 45,866 54,347 76,850
Income Before Income Tax Expense 329,613 64,149 758,122 458,100
Income Tax Expense 75,501 30,815 167,379 114,209
Net Income 254,112 33,334 590,743 343,891
Net Income Attributable to Noncontrolling Interests 1,880 1,880 3,759 3,759
Net Income Attributable to Common Shareholders $ 252,232 $ 31,454 $ 586,984 $ 340,132
Basic and Diluted Earnings Per Common Share (in dollars per share) $ 0.75 $ 0.10 $ 1.75 $ 1.07
Weighted Average Common Shares Outstanding:        
Basic (in shares) 337,946,663 319,664,998 334,524,452 318,644,796
Diluted (in shares) 338,561,649 320,388,490 335,749,404 319,352,287
The Connecticut Light and Power Company        
Operating Revenues $ 817,421 $ 740,846 $ 1,717,124 $ 1,590,092
Operating Expenses:        
Purchased Power, Fuel and Transmission 315,398 246,540 690,115 566,373
Operations and Maintenance 134,633 133,351 270,230 263,989
Depreciation 79,718 74,555 158,152 147,844
Amortization of Regulatory (Liabilities)/Assets, Net (5,698) 12,376 850 48,047
Energy Efficiency Programs 32,347 20,780 67,826 46,768
Taxes Other Than Income Taxes 79,867 86,465 162,855 178,463
Total Operating Expenses 636,265 574,067 1,350,028 1,251,484
Operating Income 181,156 166,779 367,096 338,608
Interest Expense 38,722 36,972 76,605 72,754
Other Income, Net 8,459 2,853 10,357 6,733
Income Before Income Tax Expense 150,893 132,660 300,848 272,587
Income Tax Expense 33,622 27,856 64,839 57,312
Net Income 117,271 104,804 236,009 215,275
NSTAR Electric Company        
Operating Revenues 660,971 681,893 1,394,804 1,479,505
Operating Expenses:        
Purchased Power, Fuel and Transmission 192,304 228,397 434,742 558,501
Operations and Maintenance 115,831 108,924 238,149 221,887
Depreciation 79,520 73,055 157,865 145,639
Amortization of Regulatory (Liabilities)/Assets, Net 19,604 23,184 46,612 45,768
Energy Efficiency Programs 56,756 65,904 125,423 142,633
Taxes Other Than Income Taxes 50,583 48,226 99,306 93,047
Total Operating Expenses 514,598 547,690 1,102,097 1,207,475
Operating Income 146,373 134,203 292,707 272,030
Interest Expense 32,955 28,238 63,972 56,120
Other Income, Net 13,112 10,657 25,350 21,743
Income Before Income Tax Expense 126,530 116,622 254,085 237,653
Income Tax Expense 29,062 26,888 56,228 53,906
Net Income 97,468 89,734 197,857 183,747
Public Service Company of New Hampshire        
Operating Revenues 255,224 240,900 531,592 517,335
Operating Expenses:        
Purchased Power, Fuel and Transmission 82,560 85,768 176,698 199,299
Operations and Maintenance 54,017 52,729 101,146 105,359
Depreciation 24,750 23,261 49,084 46,180
Amortization of Regulatory (Liabilities)/Assets, Net 11,563 5,857 31,673 19,523
Energy Efficiency Programs 8,786 6,215 18,150 12,929
Taxes Other Than Income Taxes 20,457 20,725 40,158 38,037
Total Operating Expenses 202,133 194,555 416,909 421,327
Operating Income 53,091 46,345 114,683 96,008
Interest Expense 14,607 13,909 29,087 28,276
Other Income, Net 3,626 2,984 6,817 10,006
Income Before Income Tax Expense 42,110 35,420 92,413 77,738
Income Tax Expense 10,478 8,568 21,180 18,104
Net Income $ 31,632 $ 26,852 $ 71,233 $ 59,634