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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues $ 1,884,495 $ 1,853,856 $ 4,300,287 $ 4,141,818
Operating Expenses:        
Purchased Power, Fuel and Transmission 620,904 653,915 1,595,786 1,600,662
Operations and Maintenance 328,010 293,858 663,606 626,406
Depreciation 219,084 199,140 434,032 403,406
Amortization 38,945 36,203 109,906 81,397
Energy Efficiency Programs 105,837 101,955 245,953 236,196
Taxes Other Than Income Taxes 181,083 177,431 365,672 359,865
Impairment of Northern Pass Transmission 239,644 0 239,644 0
Total Operating Expenses 1,733,507 1,462,502 3,654,599 3,307,932
Operating Income/(Loss) 150,988 391,354 645,688 833,886
Interest Expense 132,705 126,404 264,438 247,533
Other Income, Net 45,866 50,149 76,850 83,938
Income Before Income Tax Expense 64,149 315,099 458,100 670,291
Income Tax Expense 30,815 70,452 114,209 154,219
Net Income 33,334 244,647 343,891 516,072
Net Income Attributable to Noncontrolling Interests 1,880 1,880 3,759 3,759
Net Income Attributable to Common Shareholders $ 31,454 $ 242,767 $ 340,132 $ 512,313
Basic and Diluted Earnings Per Common Share (in dollars per share) $ 0.10 $ 0.76 $ 1.07 $ 1.61
Weighted Average Common Shares Outstanding:        
Basic (in shares) 319,664,998 317,344,596 318,644,796 317,370,825
Diluted (in shares) 320,388,490 317,885,187 319,352,287 317,939,094
The Connecticut Light and Power Company        
Operating Revenues $ 740,846 $ 694,892 $ 1,590,092 $ 1,479,875
Operating Expenses:        
Purchased Power, Fuel and Transmission 246,540 234,335 566,373 536,223
Operations and Maintenance 133,351 109,685 263,989 226,977
Depreciation 74,555 69,383 147,844 136,881
Amortization of Regulatory Assets, Net 12,376 15,400 48,047 43,405
Energy Efficiency Programs 20,780 18,606 46,768 41,366
Taxes Other Than Income Taxes 86,465 84,375 178,463 174,676
Total Operating Expenses 574,067 531,784 1,251,484 1,159,528
Operating Income/(Loss) 166,779 163,108 338,608 320,347
Interest Expense 36,972 38,674 72,754 75,498
Other Income, Net 2,853 7,063 6,733 13,623
Income Before Income Tax Expense 132,660 131,497 272,587 258,472
Income Tax Expense 27,856 31,785 57,312 60,192
Net Income 104,804 99,712 215,275 198,280
NSTAR Electric Company        
Operating Revenues 681,893 690,737 1,479,505 1,460,865
Operating Expenses:        
Purchased Power, Fuel and Transmission 228,397 266,108 558,501 598,687
Operations and Maintenance 108,924 102,163 221,887 220,844
Depreciation 73,055 64,051 145,639 134,593
Amortization of Regulatory Assets, Net 23,184 11,954 45,768 18,318
Energy Efficiency Programs 65,904 65,184 142,633 139,978
Taxes Other Than Income Taxes 48,226 47,627 93,047 95,815
Total Operating Expenses 547,690 557,087 1,207,475 1,208,235
Operating Income/(Loss) 134,203 133,650 272,030 252,630
Interest Expense 28,238 27,359 56,120 53,822
Other Income, Net 10,657 14,269 21,743 26,870
Income Before Income Tax Expense 116,622 120,560 237,653 225,678
Income Tax Expense 26,888 32,639 53,906 60,607
Net Income 89,734 87,921 183,747 165,071
Public Service Company of New Hampshire        
Operating Revenues 240,900 235,146 517,335 502,497
Operating Expenses:        
Purchased Power, Fuel and Transmission 85,768 83,494 199,299 193,212
Operations and Maintenance 52,729 46,487 105,359 97,867
Depreciation 23,261 22,808 46,180 46,301
Amortization of Regulatory Assets, Net 5,857 8,926 19,523 13,961
Energy Efficiency Programs 6,215 4,674 12,929 9,831
Taxes Other Than Income Taxes 20,725 21,879 38,037 38,680
Total Operating Expenses 194,555 188,268 421,327 399,852
Operating Income/(Loss) 46,345 46,878 96,008 102,645
Interest Expense 13,909 14,612 28,276 27,386
Other Income, Net 2,984 3,409 10,006 8,159
Income Before Income Tax Expense 35,420 35,675 77,738 83,418
Income Tax Expense 8,568 9,896 18,104 22,547
Net Income $ 26,852 $ 25,779 $ 59,634 $ 60,871