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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues $ 2,572,641 $ 2,122,538 $ 6,043,951 $ 4,948,378
Operating Expenses:        
Purchased Power, Fuel and Transmission 940,541 650,087 2,330,237 1,648,578
Operations and Maintenance 452,174 411,147 924,608 876,689
Depreciation 294,238 274,647 583,568 545,352
Energy Efficiency Programs 136,679 128,955 336,163 317,018
Taxes Other Than Income Taxes 223,031 200,486 443,395 409,944
Total Operating Expenses 2,117,072 1,670,933 4,925,328 3,911,205
Operating Income 455,569 451,605 1,118,623 1,037,173
Interest Expense 160,090 145,435 313,334 283,201
Other Income, Net 93,861 46,619 165,422 80,820
Income Before Income Tax Expense 389,340 352,789 970,711 834,792
Income Tax Expense 95,598 86,389 231,643 200,370
Net Income 293,742 266,400 739,068 634,422
NSTAR Electric Company        
Operating Revenues 783,650 687,375 1,646,825 1,424,418
Operating Expenses:        
Purchased Power, Fuel and Transmission 236,789 191,137 550,537 417,615
Operations and Maintenance 149,094 136,356 313,956 279,576
Depreciation 89,701 83,917 178,734 166,710
Amortization of Regulatory Assets/(Liabilities), Net 20,022 (2,528) 49,367 15,890
Energy Efficiency Programs 69,290 64,273 149,522 139,373
Taxes Other Than Income Taxes 60,891 54,126 120,664 108,776
Total Operating Expenses 625,787 527,281 1,362,780 1,127,940
Operating Income 157,863 160,094 284,045 296,478
Interest Expense 38,984 37,195 77,206 69,501
Other Income, Net 34,259 21,915 63,490 38,727
Income Before Income Tax Expense 153,138 144,814 270,329 265,704
Income Tax Expense 33,701 33,902 58,152 60,868
Net Income $ 119,437 $ 110,912 $ 212,177 $ 204,836