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NU 2006 ANNUAL REPORT 95
Intercompany Transactions: Select Energy served a portion of CL&P’s
TSO or standard offer load for 2004. Total Select Energy revenues from
CL&P for CL&P’s TSO or standard offer load and for other transactions
with CL&P, represented approximately $6.1 million for the year ended
December 31, 2006, $53.4 million for the year ended December 31,
2005, and $611.3 million for the year ended December 31, 2004 of total
NU Enterprises’ revenues. Total CL&P purchases from Select Energy
related to nontraditional standard offer contracts are eliminated in
consolidation.
Total Select Energy revenues from transactions with WMECO
represented $0.9 million, $36.3 million, and $108.5 million of total NU
Enterprises’ revenues for the years ended December 31, 2006, 2005
and 2004, respectively. Total WMECO purchases from Select Energy are
eliminated in consolidation.
Select Energy purchases from NGC and Mt. Tom represented
$160.7 million, $209.7 million and $195.4 million for the years ended
December 31, 2006, 2005 and 2004, respectively. On November 1,
2006, NU completed the sale of its 100 percent ownership in NGC
stock and Mt. Tom.
Customer Concentrations: Select Energy revenues related to
contracts with NSTAR companies represented $296.7 million and
$300.2 million of total NU Enterprises’ revenues for the years ended
December 31, 2005 and 2004, respectively. There were no sales to
NSTAR for the year ended December 31, 2006. Select Energy also
provided basic generation service in the New Jersey and Maryland
market. Select Energy revenues related to these contracts represented
$404.4 million, $530 million and $334.2 million of total NU Enterprises’
revenues for the years ended December 31, 2006, 2005 and 2004. No
other individual customer represented in excess of 10 percent of NU
Enterprises’ revenues for the years ended December 31, 2006, 2005, or
2004.
Select Energy reported the settlement of all derivative contracts of the
wholesale business, including full requirements sales contracts and
intercompany revenues, in fuel, purchased and net interchange power.
This presentation is a result of applying mark-to-market accounting to
those contracts due tothe decision to exit the wholesale marketing
business.