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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net (Loss)/Income $ (434,721) $ 1,412,394 $ 1,228,046
Adjustments to Reconcile Net (Loss)/Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,305,840 1,194,246 1,103,008
Deferred Income Taxes 85,405 346,779 347,056
Uncollectible Expense 72,468 61,876 60,886
Pension, SERP and PBOP Income, Net (90,706) (160,857) (14,693)
Pension and PBOP Contributions (6,860) (83,148) (182,344)
Regulatory Under Recoveries, Net (151,548) (205,294) (314,211)
(Customer Credits)/Reserve at CL&P related to PURA Settlement Agreement and Storm Performance Penalty 0 (72,041) 81,274
Amortization (490,117) 448,892 231,965
Cost of Removal Expenditures (315,699) (303,755) (242,130)
Payment in 2022 of Withheld Property Taxes 0 (78,446) 0
Impairments of Offshore Wind Investments 2,167,000 0 0
Other (53,026) (39,192) (64,640)
Changes in Current Assets and Liabilities:      
Receivables and Unbilled Revenues, Net (124,393) (470,593) (135,505)
Taxes Receivable/Accrued, Net 36,357 18,358 (110,621)
Accounts Payable (287,637) 377,657 (29,201)
Other Current Assets and Liabilities, Net (66,202) (45,583) 3,710
Net Cash Flows Provided by Operating Activities 1,646,161 2,401,293 1,962,600
Investing Activities:      
Investments in Property, Plant and Equipment (4,336,849) (3,441,852) (3,175,080)
Proceeds from Sales of Marketable Securities 395,604 457,612 447,893
Purchases of Marketable Securities (336,779) (424,174) (414,980)
Investments in Unconsolidated Affiliates (1,680,473) (742,496) (327,385)
Proceeds from Unconsolidated Affiliates 1,090,662 0 0
Other Investing Activities (2,897) 20,420 22,178
Net Cash Flows Used in Investing Activities (4,870,732) (4,130,490) (3,447,374)
Financing Activities:      
Issuance of Common Shares, Net of Issuance Costs 0 197,058 0
Cash Dividends on Common Shares (918,995) (860,033) (805,439)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
Increase/(Decrease) in Notes Payable 695,552 (78,170) 256,125
Repayment of Rate Reduction Bonds (43,210) (43,210) (43,210)
Issuance of Long-Term Debt 5,198,345 4,045,000 3,230,000
Retirement of Long-Term Debt (2,008,470) (1,175,000) (1,142,500)
Other Financing Activities (46,466) (48,185) (46,625)
Net Cash Flows Provided by Financing Activities 2,869,237 2,029,941 1,440,832
Net (Decrease)/Increase in Cash, Cash Equivalents and Restricted Cash (355,334) 300,744 (43,942)
Cash, Cash Equivalents and Restricted Cash - Beginning of Year 521,752 221,008 264,950
Cash, Cash Equivalents and Restricted Cash - End of Year $ 166,418 $ 521,752 $ 221,008