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96 NU 2006 ANNUAL REPORT
NU’s segment information for the years ended December 31, 2006, 2005 and 2004 is as follows (some amounts may not agree between segment
schedules due to rounding): For the Year Ended December 31, 2006
Utility Group
Distribution (1)
NU
(Millions of Dollars) Electric Gas Transmission Enterprises Other Eliminations Total
Operating revenues $5,336.0 $ 453.9 $216.0 $ 908.5 $ 355.0 $ (385.0) $ 6,884.4
Restructuring and impairment charges — — — (10.3) — — (10.3)
Depreciation and amortization (387.2) (22.7) (29.8) (0.7) (18.8) 14.1 (445.1)
Other operating expenses (4,652.5) (401.0) (93.6) (1,085.2) (335.9) 363.1 (6,205.1)
Operating income/(loss) 296.3 30.2 92.6 (187.7) 0.3 (7.8) 223.9
Interest expense, net of AFUDC (160.1) (16.5) (22.4) (26.7) (37.1) 24.8 (238.0)
Interest income 8.4 — 0.4 5.1 32.8 (28.3) 18.4
Other income/(loss), net 31.9 1.4 6.8 0.1 205.2 (199.4) 46.0
Income tax benefit/(expense) 13.4 (3.2) (16.4) 83.2 5.0 (0.6) 81.4
Preferred dividends (4.3) — (1.2) — — — (5.5)
Income/(loss) from continuing operations 185.6 11.9 59.8 (126.0) 206.2 (211.3) 126.2
Income from discontinued operations —— — 337.3 — 7.1 344.4
Net income/(loss) $185.6 $ 11.9 $ 59.8 $ 211.3 $ 206.2 $ (204.2) $ 470.6
Total assets (2) $9,223.3 $1,212.6 $ — $ 276.8 $5,100.2 $(4,509.7) $11,303.2
Cash flows for total investments in plant $305.8 $ 87.6 $430.9 $ 25.8 $ 22.1 $ — $ 872.2
For the Year Ended December 31, 2005
Utility Group
Distribution (1)
NU
(Millions of Dollars) Electric Gas Transmission Enterprises Other Eliminations Total
Operating revenues $4,836.5 $ 503.3 $167.5 $1,963.6 $ 353.0 $ (426.2) $ 7,397.7
Restructuring and impairment charges — — — (44.1) — — (44.1)
Depreciation and amortization (549.2) (22.0) (24.0) (5.2) (17.8) 13.7 (604.5)
Other operating expenses (4,012.8) (441.7) (80.7) (2,549.9) (355.1) 426.8 (7,013.4)
Operating income/(loss) 274.5 39.6 62.8 (635.6) (19.9) 14.3 (264.3)
Interest expense, net of AFUDC (169.5) (17.1) (15.0) (18.3) (34.9) 15.7 (239.1)
Interest income 3.6 0.3 0.6 4.9 17.0 (19.2) 7.2
Other income/(loss), net 41.7 0.6 6.6 0.3 150.6 (152.4) 47.4
Income tax (expense)/benefit (41.1) (6.1) (12.5) 237.4 18.4 (8.3) 187.8
Preferred dividends (4.2) — (1.4) — — — (5.6)
Income/(loss) from continuing operations 105.0 17.3 41.1 (411.3) 131.2 (149.9) (266.6)
Income from discontinued operations — — — 14.1 — — 14.1
Income/(loss) before cumulative effect of
accounting change 105.0 17.3 41.1 (397.2) 131.2 (149.9) (252.5)
Cumulative effect of accounting change,
net of tax benefit — — — (1.0) — — (1.0)
Net income/(loss) $ 105.0 $ 17.3 $ 41.1 $ (398.2) $ 131.2 $ (149.9) $ (253.5)
Total assets (2) $8,923.3 $1,195.3 $ — $2,424.7 $4,795.1 $(4,770.5) $12,567.9
Cash flows for total investments in plant $ 400.9 $ 74.6 $247.0 $ 23.2 $ 29.7 $ — $ 775.4
(1) Includes PSNH generation activities.
(2) Information for segmenting total assets between electric distribution and transmission is not available at December 31, 2006 or 2005. On a NU consolidated basis, these
distribution and transmission assets are disclosed in the electric distribution columns above.