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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities:      
Net Income $ 1,212,686 $ 916,572 $ 1,040,519
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 981,380 885,278 819,930
Deferred Income Taxes 257,154 209,812 174,812
Uncollectible Expense 53,461 63,446 61,337
Pension, SERP and PBOP Expense, Net 12,888 22,000 5,498
Pension and PBOP Contributions (111,524) (121,782) (194,947)
Regulatory (Under)/Over Recoveries, Net (516,411) (124,870) 34,920
Amortization 177,679 195,380 252,026
Payments Related to CYAPC's DOE Pre-1983 Spent Nuclear Fuel Obligation 0 (29,000) (145,000)
Proceeds from DOE Spent Nuclear Fuel Litigation 0 68,840 0
Impairment of Northern Pass Transmission 0 239,644 0
Other (174,289) (196,087) (111,225)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (351,843) (98,716) (141,433)
Fuel, Materials, Supplies and REC Inventory (15,404) (8,074) (831)
Taxes Receivable/Accrued, Net 43,819 (16,129) (67,770)
Accounts Payable 122,567 14,866 24,481
Other Current Assets and Liabilities, Net (9,591) (11,603) 78,226
Net Cash Flows Provided by Operating Activities 1,682,572 2,009,577 1,830,543
Investing Activities:      
Investments in Property, Plant and Equipment (2,942,996) (2,911,489) (2,569,936)
Proceeds from Sales of Marketable Securities 434,124 566,592 900,749
Proceeds from Sales of Marketable Securities Used to Pay Pre-1983 Spent Nuclear Fuel Obligation 0 0 145,000
Purchases of Marketable Securities (401,823) (537,258) (908,387)
Acquisition of Assets of Columbia Gas of Massachusetts, Net of Restricted Cash (1,113,252) 0 0
Investments in Unconsolidated Affiliates, Net (239,673) (416,337) (205,150)
Other Investing Activities 23,809 24,204 6,754
Net Cash Flows Used in Investing Activities (4,129,275) (3,274,288) (2,437,046)
Financing Activities:      
Issuance of Common Shares, Net of Issuance Costs 928,992 852,254 0
Cash Dividends on Common Shares (744,665) (663,239) (640,110)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Increase in Notes Payable 13,955 325,370  
Decrease in Notes Payable     (379,310)
(Repayments)/Issuance of Rate Reduction Bonds (43,210) (52,332) 635,663
Issuance of Long-Term Debt 2,760,000 1,520,000 2,200,000
Retirement of Long-Term Debt (327,236) (801,078) (1,050,330)
Other Financing Activities 14,273 (1,006) (28,457)
Net Cash Flows Provided by/(Used in) Financing Activities 2,594,590 1,172,450 729,937
Net Increase/(Decrease) in Cash and Restricted Cash 147,887 (92,261) 123,434
Cash and Restricted Cash - Beginning of Year 117,063 209,324 85,890
Cash and Restricted Cash - End of Year 264,950 117,063 209,324
Hingham Water System      
Investing Activities:      
Proceeds from the Sale of Assets 110,536 0 0
PSNH Generation Assets      
Investing Activities:      
Proceeds from the Sale of Assets 0 0 193,924
The Connecticut Light and Power Company      
Operating Activities:      
Net Income 457,934 410,852 377,717
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 320,709 301,188 278,557
Deferred Income Taxes 144,527 54,005 54,859
Uncollectible Expense 12,882 15,948 15,831
Pension, SERP and PBOP Expense, Net 11,372 12,761 8,943
Pension and PBOP Contributions (23,200) (24,000) (41,150)
Regulatory (Under)/Over Recoveries, Net (279,941) (24,653) (53,372)
Amortization of Regulatory Assets, Net 58,412 51,621 129,021
Other (115,213) (80,266) (69,786)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (126,638) (52,746) (67,334)
Fuel, Materials, Supplies and REC Inventory (7,225) (6,171) 3,909
Taxes Receivable/Accrued, Net (12,014) (23,089) 8,954
Accounts Payable (17,028) 102,344 (76,924)
Other Current Assets and Liabilities, Net (27,504) (11,350) 18,846
Net Cash Flows Provided by Operating Activities 397,073 726,444 588,071
Investing Activities:      
Investments in Property, Plant and Equipment (833,973) (917,532) (864,136)
Other Investing Activities 573 714 209
Net Cash Flows Used in Investing Activities (833,400) (916,818) (863,927)
Financing Activities:      
Cash Dividends on Common Shares (69,500) (341,800) (60,000)
Cash Dividends on Preferred Stock (5,559) (5,559) (5,559)
Increase/(Decrease) in Notes Payable to Eversource Parent (63,800) 63,800 (69,500)
Issuance of Long-Term Debt 400,000 500,000 500,000
Retirement of Long-Term Debt 0 (250,000) (300,000)
Capital Contributions from Eversource Parent 275,000 125,000 300,000
Other Financing Activities (4,976) 12,291 (7,091)
Net Cash Flows Provided by/(Used in) Financing Activities 531,165 103,732 357,850
Net Increase/(Decrease) in Cash and Restricted Cash 94,838 (86,642) 81,994
Cash and Restricted Cash - Beginning of Year 4,971 91,613 9,619
Cash and Restricted Cash - End of Year 99,809 4,971 91,613
NSTAR Electric Company      
Operating Activities:      
Net Income 445,001 431,956 383,090
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 319,468 296,500 276,372
Deferred Income Taxes 72,595 27,107 41,438
Uncollectible Expense 15,293 25,079 22,279
Pension, SERP and PBOP Expense, Net (18,132) (12,399) (21,521)
Pension and PBOP Contributions (650) (6,359) (61,751)
Regulatory (Under)/Over Recoveries, Net (186,081) (60,863) 149,647
Amortization of Regulatory Assets, Net 83,248 103,735 46,654
Other (62,054) (78,220) (65,523)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (81,571) (11,087) (26,403)
Fuel, Materials, Supplies and REC Inventory (9,834) (9,858) (18,685)
Taxes Receivable/Accrued, Net (44,045) 14,147 (33,900)
Accounts Payable 25,573 (22,659) 37,140
Other Current Assets and Liabilities, Net (32,997) 1,194 51,674
Net Cash Flows Provided by Operating Activities 525,814 698,273 780,511
Investing Activities:      
Investments in Property, Plant and Equipment (907,000) (861,391) (725,766)
Other Investing Activities 159 86 58
Net Cash Flows Used in Investing Activities (906,841) (861,305) (725,708)
Financing Activities:      
Cash Dividends on Common Shares (262,000) (181,800) (228,000)
Cash Dividends on Preferred Stock (1,960) (1,960) (1,960)
Increase in Notes Payable 184,500   44,500
Decrease in Notes Payable   (268,000)  
Increase/(Decrease) in Notes Payable to Eversource Parent (9,000) 30,300 0
Issuance of Long-Term Debt 400,000 400,000 0
Retirement of Long-Term Debt (95,000) 0 0
Capital Contributions from Eversource Parent 180,500 180,000 130,500
Other Financing Activities (4,915) (3,855) 108
Net Cash Flows Provided by/(Used in) Financing Activities 392,125 154,685 (54,852)
Net Increase/(Decrease) in Cash and Restricted Cash 11,098 (8,347) (49)
Cash and Restricted Cash - Beginning of Year 6,312 14,659 14,708
Cash and Restricted Cash - End of Year 17,410 6,312 14,659
Public Service Company of New Hampshire      
Operating Activities:      
Net Income 147,312 134,048 115,876
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 100,372 93,737 92,055
Deferred Income Taxes 7,337 15,917 35,924
Uncollectible Expense 5,164 6,726 6,383
Pension, SERP and PBOP Expense, Net (1,255) 417 754
Pension and PBOP Contributions (19,500) (15,400) 0
Regulatory (Under)/Over Recoveries, Net (45,830) (26,288) (27,264)
Amortization of Regulatory Assets, Net 52,804 57,732 80,978
Other (4,842) (28,228) (15,363)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (33,612) (210) (19,307)
Fuel, Materials, Supplies and REC Inventory (1,872) 1,902 16,928
Taxes Receivable/Accrued, Net (6,942) 25,374 (19,970)
Accounts Payable 27,270 12,281 (10,147)
Other Current Assets and Liabilities, Net (7,738) (3,573) 3,028
Net Cash Flows Provided by Operating Activities 218,668 274,435 259,875
Investing Activities:      
Investments in Property, Plant and Equipment (342,586) (308,993) (323,910)
Proceeds from the Sale of Assets 0 0 193,924
Proceeds from the Sale of Property 0 0 4,782
Other Investing Activities 982 1,023 437
Net Cash Flows Used in Investing Activities (341,604) (307,970) (124,767)
Financing Activities:      
Cash Dividends on Common Shares (22,300) (271,000) (150,000)
Increase/(Decrease) in Notes Payable to Eversource Parent 19,300 (30,000) (205,900)
(Repayments)/Issuance of Rate Reduction Bonds (43,210) (52,332) 635,663
Return of Capital 0 0 (530,000)
Issuance of Long-Term Debt 150,000 300,000 0
Retirement of Long-Term Debt 0 (150,000) (199,250)
Capital Contributions from Eversource Parent 25,000 225,000 365,000
Other Financing Activities (2,987) (4,168) (89)
Net Cash Flows Provided by/(Used in) Financing Activities 125,803 17,500 (84,576)
Net Increase/(Decrease) in Cash and Restricted Cash 2,867 (16,035) 50,532
Cash and Restricted Cash - Beginning of Year 36,688 52,723 2,191
Cash and Restricted Cash - End of Year $ 39,555 $ 36,688 $ 52,723