Eversource 2012 Annual Report Download - page 141
Download and view the complete annual report
Please find page 141 of the 2012 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.-
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
 |
 |
128
23. SUBSEQUENT EVENTS (NU, CL&P, NSTAR Electric)
See Note 9, "Long-Term Debt" to the consolidated financial statements for information regarding the January 2013 long-term debt
issuance for CL&P.
See Note 12C, "Commitments and Contingencies – Deferred Contractual Obligations" to the consolidated financial statements for
information regarding the receipt of the DOE proceeds by the Yankee Companies in January 2013.
See Note 11, "Income Taxes," for discussion of the federal legislation enacted on January 2, 2013.
On February 8, 2013, a blizzard caused damage to the electric delivery systems of CL&P and NSTAR Electric. Management believes
that this storm will cost between $100 million to $120 million, with approximately 90 percent of those costs relating to NSTAR Electric.
Management expects the costs to meet the criteria for specific cost recovery in Connecticut and Massachusetts and, as a result, does
not expect the storm to have a material impact on the results of operations of CL&P or NSTAR Electric. Each operating company will
seek recovery of these anticipated deferred storm costs through its applicable regulatory recovery process.
24. QUARTERLY FINANCIAL DATA (UNAUDITED)
NU Consolidated Statements of Quarterly Financial Data
Quarter Ended (a)
(Millions of Dollars, except per share information) March 31, June 30, September 30, December 31,
2012 (1)
Operating Revenues
$
1,099.6
$
1,628.7
$
1,861.5
$
1,684.0
Operating Income
214.4
159.5
412.9
331.4
Net Income
100.8
46.2
209.5
176.6
(2)
Net Income Attributable to Controlling Interest
99.3
44.3
207.6
174.7
Basic and Diluted EPS
$
0.56
$
0.15
$
0.66
$
0.55
2011 (1)
Operating Revenues
$ 1,235.3
$ 1,047.5
$ 1,114.9
$ 1,068.0
Operating Income
227.4
178.1
203.8
184.9
Net Income
115.6
78.7
91.4
114.8
Net Income Attributable to Controlling Interest
114.2
77.3
90.0
113.2
Basic and Diluted EPS
$
0.64
$
0.44
$
0.51
$
0.64
(a) The summation of quarterly EPS data may not equal annual data due to rounding.
CL&P Consolidated Statements of Quarterly Financial Data
Quarter Ended
(Millions of Dollars)
March 31,
June 30,
September 30,
December 31,
2012
Operating Revenues
$
592.0
$
562.1
$
658.1
$
595.2
Operating Income
111.9
40.4
139.7
135.0
Net Income
54.0
6.9
74.9
73.9
2011
Operating Revenues
$
673.7
$
608.0
$
673.7
$
593.0
Operating Income
126.0
114.8
137.7
84.7
Net Income
64.3
52.6
66.5
66.8
NSTAR Electric Consolidated Statements of
Quarterly Financial Data
Quarter Ended
(Millions of Dollars)
March 31,
June 30,
September 30,
December 31,
2012 (1)
Operating Revenues
$
556.5
$
534.6
$
693.7
$
516.2
Operating Income
22.5
93.9
194.1
70.9
Net Income
3.9
45.5
106.8
34.0
(2)
2011 (1)
Operating Revenues
$
577.5
$
552.3
$
724.7
$
548.6
Operating Income
87.7
115.6
183.7
99.2
Net Income
42.9
60.7
99.8
49.1