Eversource 2006 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2006 Eversource annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

NU 2006 ANNUAL REPORT 97
For the Year Ended December 31, 2004
Utility Group
Distribution (1)
NU
(Millions of Dollars) Electric Gas Transmission Enterprises Other Eliminations Total
Operating revenues $4,040.0 $407.8 $140.7 $2,709.3 $289.6 $(1,045.4) $6,542.0
Depreciation and amortization (458.6) (26.1) (21.6) (9.2) (16.4) 13.7 (518.2)
Other operating expenses (3,276.8) (348.3) (70.6) (2,793.0) (283.8) 1,038.1 (5,734.4)
Operating income/(loss) 304.6 33.4 48.5 (92.9) (10.6) 6.4 289.4
Interest expense, net of AFUDC (159.1) (16.6) (12.3) (11.6) (26.3) 10.9 (215.0)
Interest income 4.8 0.1 0.3 1.6 17.0 (13.1) 10.7
Other income/(loss), net 24.1 0.2 1.9 (3.2) 84.8 (95.7) 12.1
Income tax (expense)/benefit (56.8) (3.0) (8.9) 44.2 15.3 (12.6) (21.8)
Preferred dividends (4.3) — (1.3) — — — (5.6)
Income/(loss) from continuing operations 113.3 14.1 28.2 (61.9) 80.2 (104.1) 69.8
Income from discontinued operations — — — 46.8 — — 46.8
Net income/(loss) $ 113.3 $ 14.1 $ 28.2 $ (15.1) $ 80.2 $ (104.1) $ 116.6
Cash flows for total investments in plant $ 408.7 $ 59.5 $172.3 $ 17.6 $ 13.4 $ — $ 671.5
(1) Includes PSNH generation activities.
NU Enterprises’ segment information for the years ended December 31, 2006, 2005, and 2004 is as follows. Eliminations are included in the
services and other columns.
NU Enterprises – For the Year Ended December 31, 2006
Total Services
Merchant and
(Millions of Dollars) Wholesale Retail Generation Energy Other Total
Operating revenues $20.2 $583.8 $258.2 $862.2 $46.3 $ 908.5
Restructuring and impairment charges (0.2) (3.1) — (3.3) (7.0) (10.3)
Depreciation and amortization (0.1) (0.1) (0.1) (0.3) (0.4) (0.7)
Other operating expenses (26.2) (682.2) (290.6) (999.0) (86.2) (1,085.2)
Operating loss (6.3) (101.6) (32.5) (140.4) (47.3) (187.7)
Interest expense (10.3) (7.6) (8.4) (26.3) (0.4) (26.7)
Interest income 0.8 1.6 1.7 4.1 1.0 5.1
Other (loss)/income, net (0.4) (0.1) 0.6 0.1 — 0.1
Income tax benefit 25.2 37.4 6.4 69.0 14.2 83.2
Income/(loss) from continuing operations 9.0 (70.3) (32.2) (93.5) (32.5) (126.0)
Income/(loss) from discontinued operations —— 362.3 362.3 (25.0) 337.3
Net income/(loss) $9.0 $ (70.3) $330.1 $268.8 $(57.5) $ 211.3
NU Enterprises – For the Year Ended December 31, 2005
Merchant Services
(Millions of Dollars) Energy and Other Total
Operating revenues $1,868.8 $ 94.8 $1,963.6
Restructuring and impairment charges (27.1) (17.0) (44.1)
Depreciation and amortization (4.4) (0.8) (5.2)
Other operating expenses (2,450.6) (99.3) (2,549.9)
Operating loss (613.3) (22.3) (635.6)
Interest expense (17.8) (0.5) (18.3)
Interest income 3.7 1.2 4.9
Other income, net 0.3 — 0.3
Income tax benefit 230.1 7.3 237.4
Loss from continuing operations (397.0) (14.3) (411.3)
Income/(loss) from discontinued operations 37.4 (23.3) 14.1
Loss before cumulative effect of accounting change (359.6) (37.6) (397.2)
Cumulative effect of accounting change, net of tax benefit (1.0) — (1.0)
Net loss $ (360.6) $(37.6) $(398.2)