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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows From Operating Activities    
Net income $ 77,272 $ 74,898
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 114,241 148,356
Deferred income taxes 32,524 17,501
Allowance for funds used during construction (AFUDC) - equity (6,869) (8,085)
Stock-based compensation expense (Note A) 3,441 4,104
Pension expense 23,508 36,756
Undistributed (earnings) losses in equity investments (9,801) (11,622)
Rate case disallowances 0 17,543
Regulatory activity, net 83,021 35,176
Other non-cash items, net 995 2,156
Changes in:    
Accounts receivable, net 31,737 36,930
Unbilled revenues 37,856 34,474
Natural gas in storage (2,484) (4,023)
Prepayments (8,391) (13,615)
Cash distributions from GenConn 10,404 7,704
Accounts payable (38,298) (54,889)
Interest accrued 3,781 1,962
Taxes accrued/refundable, net (11,483) 24,248
Accrued liabilities 11,080 (5,065)
Accrued pension (32,422) (69,963)
Accrued other post-employment benefits (3,528) (6,106)
Other assets 469 (512)
Other liabilities 6,500 (22)
Total Adjustments 246,281 193,008
Net Cash provided by Operating Activities 323,553 267,906
Cash Flows from Investing Activities    
Plant expenditures including AFUDC debt (196,171) (224,172)
Acquisition of Milford LNG (20,110) 0
Cash distributions from GenConn 3,927 2,063
Changes in restricted cash 395 918
Deposits in New England East West Solution (NEEWS) (Note C) (5,068) (982)
Other 690 350
Net Cash provided by (used in) Investing Activities (216,337) (221,823)
Cash Flows from Financing Activities    
Issuance of common stock 0 72
Payments on long-term debt (10,000) (20,000)
Line of credit borrowings (repayments), net 10,000 40,000
Payment of common stock dividend (73,280) (65,695)
Other (288) 379
Net Cash provided by (used in) Financing Activities (73,568) (45,244)
Unrestricted Cash and Temporary Cash Investments:    
Net change for the period 33,648 839
Balance at beginning of period 69,153 17,857
Balance at end of period 102,801 18,696
Non-cash investing activity:    
Plant expenditures included in ending accounts payable 18,461 21,149
Plant expenditures funded by deposits in NEEWS 0 (18,469)
Deposits in New England East West Solution (NEEWS) $ 0 $ 18,469