Eversource 2009 Annual Report Download - page 133
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FS-48
Total Other Income, Net $ 37.8 $ 50.4 $ 61.6
CL&P For the Years Ended December 31,
(Millions of Dollars) 2009 2008 2007
Other Income:
Investment income $ 6.8 $ 6.0 $ 7.7
Interest income 3.5 6.4 -
AFUDC - equity funds 5.7 23.2 14.2
Energy Independence Act incentives 6.1 12.1 9.9
Equity in earnings of regional nuclear generating companies 0.3 0.3 1.9
Other 3.6 3.8 6.2
Total Other Income 26.0 51.8 39.9
Other Loss:
Investment losses - (9.8) -
Rental expense (0.1) (0.1) (0.1)
Total Other Loss (0.1) (9.9) (0.1)
Total Other Income, Net $ 25.9 $41.9 $ 39.8
PSNH For the Years Ended December 31,
(Millions of Dollars) 2009 2008 2007
Other Income:
Investment income $ 1.7 $ 1.9 $ 2.6
Interest income 2.2 1.9 -
AFUDC - equity funds 3.6 4.4 2.0
Equity in earnings of regional nuclear generating companies 0.1 0.1 0.3
Other 1.9 1.4 1.8
Total Other Income 9.5 9.7 6.7
Investment losses - (2.4) -
Total Other Income, Net $ 9.5 $7.3 $ 6.7
WMECO For the Years Ended December 31,
(Millions of Dollars) 2009 2008 2007
Other Income:
Investment income $ 1.5 $ 1.2 $ 2.7
Interest income (0.3) 1.1 -
AFUDC - equity funds - 1.2 0.2
Equity in earnings of regional nuclear generating companies 0.1 0.1 0.5
Other 0.6 0.5 0.5
Total Other Income 1.9 4.1 3.9
Other Loss:
Investment losses - (2.1) -
Rental expense (0.1) - -
Total Other Loss (0.1) (2.1) -
Total Other Income, Net $ 1.8 $2.0 $ 3.9
Equity in earnings of regional nuclear generating and transmission companies relates to the Company's investments, including CL&P,
PSNH and WMECO's investments, in the Yankee Companies and NU's investments in two regional transmission companies. For the
years ended December 31, 2009, 2008 and 2007, income tax expense associated with the equity in earnings was $0.7 million, $0.6
million and $1.6 million, respectively, for NU ($0.1 million, $0.1 million and $0.8 million for CL&P, $40 thousand, $40 thousand and $120
thousand for PSNH, and $40 thousand, $40 thousand and $200 thousand for WMECO, respectively).
The Energy Independence Act incentives relate to incentives earned by Connecticut regulated companies from the construction of
distributed generation, new large-scale generation and implementation of C&LM initiatives to reduce FMCC charges.
For further information regarding interest income related to federal tax settlements, see Note 1I, "Summary of Significant Accounting
Policies - Income Taxes," to the consolidated financial statements.