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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash $ 270,184 $ 135,351
Receivables, Net (net of allowance for uncollectible accounts) 2,080,805 1,847,094
Unbilled Revenues 217,605 275,108
Materials, Supplies and REC Inventory 489,415 491,592
Regulatory Assets 1,897,191 1,975,083
Prepayments and Other Current Assets 389,535 352,958
Total Current Assets 5,344,735 5,077,186
Property, Plant and Equipment, Net 46,470,244 45,930,959
Deferred Debits and Other Assets:    
Regulatory Assets 5,768,159 5,718,646
Prepaid Pension and PBOP 1,566,418 1,511,169
Other Long-Term Assets 1,002,089 997,883
Total Deferred Debits and Other Assets 12,892,622 12,778,566
Total Assets 64,707,601 63,786,711
Current Liabilities:    
Notes Payable 533,000 1,525,445
Long-Term Debt – Current Portion 2,643,097 1,392,948
Accounts Payable 1,662,046 1,859,692
Regulatory Liabilities 1,739,987 1,264,609
Other Current Liabilities 1,290,226 1,274,450
Total Current Liabilities 8,209,723 7,808,512
Deferred Credits and Other Liabilities:    
Accumulated Deferred Income Taxes 5,894,583 5,647,218
Regulatory Liabilities 4,323,619 4,273,465
Derivative Liabilities 100,531 100,859
Other Long-Term Liabilities 1,138,347 1,101,932
Total Deferred Credits and Other Liabilities 12,690,972 12,472,065
Long-Term Debt 26,861,131 26,872,433
Preferred Stock Not Subject to Mandatory Redemption 155,568 155,568
Common Shareholders' Equity:    
Capital Surplus, Paid In 9,950,113 9,937,878
Retained Earnings 4,815,846 4,504,983
Accumulated Other Comprehensive Income (Loss) (20,377) (20,507)
Common Shareholders' Equity 16,530,950 16,197,271
Commitments and Contingencies (Note 9)
Total Liabilities and Capitalization 64,707,601 63,786,711
NSTAR Electric Company    
Current Assets:    
Cash 190,821 8,302
Unbilled Revenues 45,989 56,948
Materials, Supplies and REC Inventory 234,150 210,865
Regulatory Assets 1,018,886 978,754
Derivative Assets 131,156 91,011
Prepayments and Other Current Assets 15,606 90,040
Total Current Assets 2,412,656 2,332,299
Property, Plant and Equipment, Net 15,569,419 15,308,896
Deferred Debits and Other Assets:    
Regulatory Assets 1,805,604 1,823,522
Prepaid Pension and PBOP 826,909 804,109
Other Long-Term Assets 275,491 264,073
Total Deferred Debits and Other Assets 2,908,004 2,891,704
Total Assets 20,890,079 20,532,899
Current Liabilities:    
Notes Payable 0 245,445
Long-Term Debt – Current Portion 300,000 300,000
Obligations to Third Party Suppliers 183,320 179,757
Renewable Portfolio Standards Compliance Obligations 117,185 98,648
Regulatory Liabilities 835,408 650,813
Other Current Liabilities 148,805 110,331
Total Current Liabilities 2,338,352 2,341,306
Deferred Credits and Other Liabilities:    
Accumulated Deferred Income Taxes 2,110,852 2,087,287
Regulatory Liabilities 1,722,355 1,702,059
Derivative Liabilities 636,179 753,149
Other Long-Term Liabilities 410,335 401,625
Total Deferred Credits and Other Liabilities 4,879,721 4,944,120
Long-Term Debt 5,646,738 5,645,638
Preferred Stock Not Subject to Mandatory Redemption 43,000 43,000
Common Shareholders' Equity:    
Common Stock 0 0
Capital Surplus, Paid In 4,496,842 4,238,842
Retained Earnings 3,485,228 3,319,768
Accumulated Other Comprehensive Income (Loss) 198 225
Common Shareholders' Equity 7,982,268 7,558,835
Commitments and Contingencies (Note 9)
Total Liabilities and Capitalization 20,890,079 20,532,899
NSTAR Electric Company | Nonrelated Party    
Current Assets:    
Receivables, Net (net of allowance for uncollectible accounts) 575,045 616,280
Current Liabilities:    
Accounts Payable 566,106 558,227
NSTAR Electric Company | Related Party    
Current Assets:    
Receivables, Net (net of allowance for uncollectible accounts) 201,003 280,099
Current Liabilities:    
Accounts Payable $ 187,528 $ 198,085