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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues $ 2,432,794 $ 2,343,642 $ 7,381,172 $ 6,670,497
Operating Expenses:        
Purchased Power, Fuel and Transmission 880,639 806,254 2,529,217 2,312,957
Operations and Maintenance 389,065 332,031 1,265,754 1,006,148
Depreciation 276,846 244,453 822,197 721,179
Amortization 45,236 57,515 158,860 130,687
Energy Efficiency Programs 143,796 145,047 460,814 408,794
Taxes Other Than Income Taxes 213,881 197,112 623,827 556,726
Total Operating Expenses 1,949,463 1,782,412 5,860,669 5,136,491
Operating Income/(Loss) 483,331 561,230 1,520,503 1,534,006
Interest Expense 147,962 134,066 431,162 403,067
Other Income, Net 43,768 29,218 124,588 83,565
Income Before Income Tax Expense 379,137 456,382 1,213,929 1,214,504
Income Tax Expense 94,091 108,242 294,461 275,621
Net Income 285,046 348,140 919,468 938,883
Net Income Attributable to Noncontrolling Interests 1,880 1,880 5,639 5,639
Net Income Attributable to Common Shareholders $ 283,166 $ 346,260 $ 913,829 $ 933,244
Basic Earnings Per Common Share (in dollars per share) $ 0.82 $ 1.01 $ 2.66 $ 2.77
Diluted Earnings Per Common Share (in dollars per share) $ 0.82 $ 1.01 $ 2.65 $ 2.76
Weighted Average Common Shares Outstanding:        
Basic (in shares) 344,023,846 343,076,614 343,848,905 337,375,172
Diluted (in shares) 344,669,782 343,773,602 344,480,056 338,424,100
The Connecticut Light and Power Company        
Operating Revenues $ 919,643 $ 994,270 $ 2,736,513 $ 2,711,394
Operating Expenses:        
Purchased Power, Fuel and Transmission 392,301 399,117 1,073,712 1,089,232
Operations and Maintenance 137,816 147,487 465,630 417,717
Depreciation 85,304 80,583 253,132 238,735
Amortization of Regulatory Assets, Net 28,921 36,365 76,637 37,215
Energy Efficiency Programs 35,714 41,829 100,810 109,655
Taxes Other Than Income Taxes 99,901 97,715 275,178 260,571
Total Operating Expenses 779,957 803,096 2,245,099 2,153,125
Operating Income/(Loss) 139,686 191,174 491,414 558,269
Interest Expense 42,778 38,369 124,371 114,972
Other Income, Net 6,903 5,917 21,690 16,273
Income Before Income Tax Expense 103,811 158,722 388,733 459,570
Income Tax Expense 33,658 38,625 104,626 103,464
Net Income 70,153 120,097 284,107 356,106
NSTAR Electric Company        
Operating Revenues 918,698 875,371 2,343,116 2,270,174
Operating Expenses:        
Purchased Power, Fuel and Transmission 294,052 267,375 711,667 702,117
Operations and Maintenance 142,074 131,143 421,649 369,293
Depreciation 84,820 80,366 251,530 238,232
Amortization of Regulatory Assets, Net 8,073 22,527 23,963 69,139
Energy Efficiency Programs 86,699 85,244 226,071 210,666
Taxes Other Than Income Taxes 54,723 54,680 163,501 153,985
Total Operating Expenses 670,441 641,335 1,798,381 1,743,432
Operating Income/(Loss) 248,257 234,036 544,735 526,742
Interest Expense 37,329 31,029 106,829 95,000
Other Income, Net 20,215 12,802 58,941 38,152
Income Before Income Tax Expense 231,143 215,809 496,847 469,894
Income Tax Expense 53,692 50,081 114,560 106,309
Net Income 177,451 165,728 382,287 363,585
Public Service Company of New Hampshire        
Operating Revenues 314,893 283,669 887,177 815,261
Operating Expenses:        
Purchased Power, Fuel and Transmission 107,353 96,612 279,475 273,311
Operations and Maintenance 57,041 50,657 168,242 151,802
Depreciation 30,169 25,410 89,462 74,494
Amortization of Regulatory Assets, Net 17,922 7,360 62,744 39,034
Energy Efficiency Programs 10,762 11,081 30,475 29,231
Taxes Other Than Income Taxes 24,038 18,174 69,639 58,331
Total Operating Expenses 247,285 209,294 700,037 626,203
Operating Income/(Loss) 67,608 74,375 187,140 189,058
Interest Expense 14,321 14,942 42,774 44,029
Other Income, Net 3,171 4,065 11,598 10,882
Income Before Income Tax Expense 56,458 63,498 155,964 155,911
Income Tax Expense 12,315 16,347 32,512 37,527
Net Income $ 44,143 $ 47,151 $ 123,452 $ 118,384