XML 149 R114.htm IDEA: XBRL DOCUMENT v3.20.4
INCOME TAXES - Reconciliation Between Income Tax Expense and Expected Tax Expense (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Tax Contingency [Line Items]      
Income Before Income Tax Expense $ 1,558,872 $ 1,190,071 $ 1,329,491
Statutory Federal Income Tax Expense at 21% 327,400 249,900 279,200
Tax Effect of Differences:      
Depreciation (11,100) 1,900 (30,800)
Investment Tax Credit Amortization (3,700) (3,700) (2,900)
State Income Taxes,   Net of Federal Impact 44,900 24,600 44,400
Dividends on ESOP (5,100) (5,100) (5,100)
Tax Asset Valuation   Allowance/Reserve Adjustments 33,400 40,100 5,200
Excess Stock Benefit (6,600) (1,500) (1,500)
EDIT Amortization (48,700) (37,400) (5,000)
Other, Net 15,700 4,700 5,500
Income Tax Expense $ 346,186 $ 273,499 $ 288,972
Effective Tax Rate 22.20% 23.00% 21.70%
The Connecticut Light and Power Company      
Income Tax Contingency [Line Items]      
Income Before Income Tax Expense $ 607,636 $ 547,823 $ 506,773
Statutory Federal Income Tax Expense at 21% 127,600 115,000 106,400
Tax Effect of Differences:      
Depreciation 400 (200) (1,200)
Investment Tax Credit Amortization (700) (800) (900)
State Income Taxes,   Net of Federal Impact (1,200) 2,500 14,500
Tax Asset Valuation   Allowance/Reserve Adjustments 30,700 24,500 7,100
Excess Stock Benefit (2,300) (500) (100)
EDIT Amortization (9,000) (5,800) 0
Other, Net 4,200 2,300 3,300
Income Tax Expense $ 149,702 $ 136,971 $ 129,056
Effective Tax Rate 24.60% 25.00% 25.50%
NSTAR Electric Company      
Income Tax Contingency [Line Items]      
Income Before Income Tax Expense $ 575,829 $ 557,269 $ 531,996
Statutory Federal Income Tax Expense at 21% 120,900 117,000 111,700
Tax Effect of Differences:      
Depreciation (3,700) (3,000) (2,800)
Investment Tax Credit Amortization (2,600) (2,600) (1,800)
State Income Taxes,   Net of Federal Impact 36,000 35,700 33,200
Tax Asset Valuation   Allowance/Reserve Adjustments 0 0 1,200
Excess Stock Benefit (2,300) (500) (100)
EDIT Amortization (20,400) (22,900) 0
Other, Net 2,900 1,600 7,500
Income Tax Expense $ 130,828 $ 125,313 $ 148,906
Effective Tax Rate 22.70% 22.50% 28.00%
Public Service Company of New Hampshire      
Income Tax Contingency [Line Items]      
Income Before Income Tax Expense $ 178,992 $ 175,023 $ 163,452
Statutory Federal Income Tax Expense at 21% 37,600 36,800 34,300
Tax Effect of Differences:      
Depreciation (1,400) (800) 100
Investment Tax Credit Amortization 0 0 0
State Income Taxes,   Net of Federal Impact 9,800 9,800 15,800
Tax Asset Valuation   Allowance/Reserve Adjustments 0 0 0
Excess Stock Benefit (800) (200) (100)
EDIT Amortization (15,400) (4,000) (4,400)
Other, Net 1,900 (600) 1,900
Income Tax Expense $ 31,680 $ 40,975 $ 47,576
Effective Tax Rate 17.70% 23.40% 29.10%