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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 135,351 $ 26,656
Receivables, Net (net of allowance for uncollectible accounts) 1,847,094 1,651,325
Unbilled Revenues 275,108 242,169
Materials, Supplies, Natural Gas and REC Inventory 491,592 594,568
Regulatory Assets 1,975,083 2,189,660
Prepayments and Other Current Assets 352,958 315,368
Total Current Assets 5,077,186 5,076,073
Property, Plant and Equipment, Net 45,930,959 40,986,578
Deferred Debits and Other Assets:    
Regulatory Assets 5,718,646 4,880,974
Prepaid Pension and PBOP 1,511,169 1,336,633
Other Long-Term Assets 997,883 811,521
Total Deferred Debits and Other Assets 12,778,566 13,531,878
Total Assets 63,786,711 59,594,529
Current Liabilities:    
Long-Term Debt – Current Portion 1,392,948 1,003,150
Accounts Payable 1,859,692 1,736,880
Regulatory Liabilities 1,264,609 632,282
Other Current Liabilities 894,219 853,491
Total Current Liabilities 7,808,512 6,720,957
Deferred Credits and Other Liabilities:    
Accumulated Deferred Income Taxes 5,647,218 5,411,206
Regulatory Liabilities 4,273,465 4,032,564
Derivative Liabilities 100,859 95,400
Other Long-Term Liabilities 1,101,932 773,999
Total Deferred Credits and Other Liabilities 12,472,065 11,652,918
Capitalization:    
Long-Term Debt 26,872,433 25,701,627
Preferred Stock Not Subject to Mandatory Redemption 155,568 155,568
Common Shareholders' Equity:    
Capital Surplus, Paid In 9,937,878 9,428,905
Retained Earnings 4,504,983 3,929,141
Accumulated Other Comprehensive Income/(Loss) (20,507) (26,472)
Common Shareholders' Equity 16,197,271 15,039,387
Commitments and Contingencies (Note 13)
Total Liabilities and Capitalization 63,786,711 59,594,529
NSTAR Electric Company    
Current Assets:    
Cash 8,302 911
Unbilled Revenues 56,948 59,079
Materials, Supplies, Natural Gas and REC Inventory 210,865 220,621
Regulatory Assets 978,754 902,770
Derivative Assets 91,011 0
Prepayments and Other Current Assets 90,040 72,986
Total Current Assets 2,332,299 1,953,851
Property, Plant and Equipment, Net 15,308,896 14,037,828
Deferred Debits and Other Assets:    
Regulatory Assets 1,823,522 1,204,337
Prepaid Pension and PBOP 804,109 724,661
Other Long-Term Assets 264,073 154,571
Total Deferred Debits and Other Assets 2,891,704 2,083,569
Total Assets 20,532,899 18,075,248
Current Liabilities:    
Notes Payable 245,445 504,782
Long-Term Debt – Current Portion 300,000 250,000
Obligations to Third Party Suppliers 179,757 163,711
Regulatory Liabilities 650,813 436,312
Other Current Liabilities 208,979 202,197
Total Current Liabilities 2,341,306 2,245,542
Deferred Credits and Other Liabilities:    
Accumulated Deferred Income Taxes 2,087,287 2,005,439
Regulatory Liabilities 1,702,059 1,643,079
Derivative Liabilities 753,149 0
Other Long-Term Liabilities 401,625 377,462
Total Deferred Credits and Other Liabilities 4,944,120 4,025,980
Capitalization:    
Long-Term Debt 5,645,638 4,844,920
Preferred Stock Not Subject to Mandatory Redemption 43,000 43,000
Common Shareholders' Equity:    
Common Shares 0 0
Capital Surplus, Paid In 4,238,842 3,788,842
Retained Earnings 3,319,768 3,127,105
Accumulated Other Comprehensive Income/(Loss) 225 (141)
Common Shareholders' Equity 7,558,835 6,915,806
Commitments and Contingencies (Note 13)
Total Liabilities and Capitalization 20,532,899 18,075,248
NSTAR Electric Company | Nonrelated Party    
Current Assets:    
Receivables, Net (net of allowance for uncollectible accounts) 616,280 614,563
Current Liabilities:    
Accounts Payable 558,227 534,868
NSTAR Electric Company | Related Party    
Current Assets:    
Receivables, Net (net of allowance for uncollectible accounts) 280,099 82,921
Current Liabilities:    
Accounts Payable $ 198,085 $ 153,672