Eversource 2009 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2009 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 190

  • 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
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190

49
(CfD) contract. This event could delay or change CL&P’s estimated payments under the CfD contract. Currently, management
cannot estimate the effects of this recent event on the amounts of CL&P’s obligations under the CfD contract. Changes in the
value of the CfD contract do not impact CL&P's net income. For further information, see Note 19, “Subsequent
Event,” and Note 7C, “Commitments and Contingencies - Long-Term Contractual Arrangements,” to the consolidated financial
statements.
(g) Excludes unrecognized tax benefits of $124.3 million for NU and $89 million for CL&P as of December 31, 2009, as we cannot
make reasonable estimates of the periods or the potential amounts of cash settlement with the respective taxing authorities.
(h) Amount represents open purchase orders, excluding those obligations that are included in the capital leases, operating leases,
estimated future annual regulated company costs and the estimated future annual NU Enterprises costs. These payments are
subject to change as certain purchase orders include estimates based on projected quantities of material and/or services that are
provided on demand, the timing of which cannot be determined. Because payment timing cannot be determined, we include all
open purchase order amounts in 2010.
(i) For NU, excludes other long-term liabilities, including a significant portion of the unrecognized tax benefits described above,
deferred contractual obligations ($166.2 million), environmental reserves ($26 million), various injuries and damages reserves
($36.9 million), employee medical insurance reserves ($6.5 million), long-term disability insurance reserves ($11.8 million) and the
asset retirement obligation (ARO) liability reserves ($50.6 million) as we cannot make reasonable estimates of the timing of
payments. For CL&P, excludes unrecognized tax benefits described above, deferred contractual obligations ($114.5 million)
environmental reserves ($2.7 million), various injuries and damages reserves ($24.3 million), employee medical insurance reserves
($2.1 million), long-term disability insurance reserves ($3.6 million) and the ARO liability reserves ($28.6 million).
RRB amounts are non-recourse to us, have no required payments over the next five years and are not included in this table. The
regulated companies' standard offer service contracts and default service contracts are also not included in this table. For further
information regarding our contractual obligations and commercial commitments, see the consolidated statements of capitalization and
Note 2, "Short-Term Debt," Note 5A, "Employee Benefits - Pension Benefits and Postretirement Benefits Other Than Pensions," Note
7C, "Commitments and Contingencies - Long-Term Contractual Arrangements," Note 10, "Leases," and Note 11, "Long-Term Debt," to
the consolidated financial statements.
Web Site: Additional financial information is available through our web site at www.nu.com.