Eversource 2010 Annual Report Download - page 69
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52
Income Tax Expense
For the Years Ended December 31,
(Millions of Dollars) 2009
2008
Increase/
(Decrease) Percent
Income Tax Expense $ 179.9 $ 105.7 $ 74.2 70.2 %
Income Tax Expense increased in 2009, as compared to 2008, due primarily to higher pre-tax earnings ($50 million), lower tax benefits
associated with less capital expenditures ($10 million), lower federal and state tax credits ($4 million), and increases in allowance for
uncollectible accounts reserves ($3 million).
Selected Consolidated Sales Statistics
2010 2009 2008 2007 2006
Revenues: (Thousands)
Regulated Companies:
Residential $ 2,336,078 $ 2,569,278 $ 2,525,635 $ 2,558,547 $ 2,409,414
Commercial 1,303,841 1,462,786 1,607,224 1,735,923 1,977,444
Industrial 268,598 297,854 399,753 412,381 589,742
Wholesale 506,475 445,261 545,127 392,675 388,635
Streetlighting and Railroads 42,387 33,035 38,522 45,880 52,853
Miscellaneous and Eliminations (29,878) 128,118 24,673 84,043 133,925
Total Electric 4,427,501 4,936,332 5,140,934 5,229,449 5,552,013
Natural Gas 434,277 449,571 577,390 514,185 453,894
Total - Regulated Companies $ 4,861,778 $ 5,385,903 $ 5,718,324 $ 5,743,634 $ 6,005,907
NU Enterprises:
Retail $ - $ - $ - $ - $ 583,829
Wholesale 24,633 30,009 31,882 25,992 20,163
Generation - - - - 258,178
Services 51,998 48,195 78,625 68,324 39,887
Miscellaneous and Eliminations 3,716 3,145 3,574 3,354 (243)
Total - NU Enterprises $ 80,347 $ 81,349 $ 114,081 $ 97,670 $ 901,814
Other Miscellaneous and Eliminations (43,958) (27,822) (32,310) (19,078) (30,034)
Total $ 4,898,167 $ 5,439,430 $ 5,800,095 $ 5,822,226 $ 6,877,687
Regulated Companies - Sales: (GWh)
Residential 14,913 14,412 14,509 15,051 14,652
Commercial 14,506 14,474 14,885 15,103 14,886
Industrial 4,481 4,423 5,149 5,635 5,750
Wholesale 3,423 4,183 3,576 3,855 8,777
Streetlighting and Railroads 330 336 340 353 332
Total 37,653 37,828 38,459 39,997 44,397
Regulated Companies - Customers: (Average)
Residential 1,704,197 1,696,756 1,700,207 1,697,073 1,686,169
Commercial 192,266 189,265 190,067 189,727 188,281
Industrial 7,150 7,207 7,342 7,291 7,406
Streetlighting and Railroads* 6,292 7,548 4,605 3,855 3,873
Total Electric 1,909,905 1,900,776 1,902,221 1,897,946 1,885,729
Natural Gas 205,885 206,438 204,834 202,743 199,377
Total 2,115,790 2,107,214 2,107,055 2,100,689 2,085,106
*Customer counts were redefined with the implementation of a new customer service system (C2) completed in October 2008.
[Results of Operations for each of CL&P, PSNH and WMECO are omitted from this report but are set forth in the Annual
Report on Form 10-K for 2010 filed on a combined basis with NU with the SEC on February 25, 2011. Such report is also
available at the Investors section on www.nu.com.]