Eversource 2012 Annual Report Download - page 88

75
P.
Supplemental Cash Flow Information
NU
As of and For the Years Ended December 31,
(Millions of Dollars)
2012
2011
2010
Cash Paid/(Received) During the Year for:
Interest, Net of Amounts Capitalized $ 356.5 $ 256.3 $ 258.3
Income Taxes
(12.8)
(76.6)
84.5
Non-Cash Investing Activities:
Plant Additions Included in Accounts Payable (As of)
160.6
168.5
127.9
As of and For the Years Ended December 31,
2012
2011
2010
NSTAR
NSTAR
NSTAR
(Millions of Dollars)
CL&P
Electric (1)
PSNH
WMECO
CL&P
Electric (1)
PSNH
WMECO
CL&P
Electric (1)
PSNH
WMECO
Cash Paid/(Received) During
the Year for:
Interest, Net of Amounts
Capitalized
$ 129.4 $ 94.6 $ 49.8 $ 25.8 $ 136.6 $ 96.1 $ 49.3
$ 22.1 $ 142.2 $ 95.8 $ 51.4 $ 20.2
Income Taxes
(42.0)
88.1
14.7
(8.4)
(27.5)
(62.2)
(29.0)
(4.9)
71.5
147.6
1.6
5.0
Non-Cash Investing Activities:
Plant Additions Included in
Accounts Payable (As of)
42.8 50.0
16.8
30.0 32.7 34.3
51.1
61.3 46.2 16.7
35.8
21.2
(1) NSTAR Electric amounts are included in NU consolidated from the date of the merger, April 10, 2012, through December 31, 2012.
NSTAR Electric amounts are not included in NU consolidated for the years ended December 31, 2011 and 2010.
The merger of NU with NSTAR on April 10, 2012 represented a significant non-cash transaction. Refer to Note 2, "Merger of NU and
NSTAR," for further information on the purchase price of NSTAR.
Q. Related Parties
NUSCO and NSTAR Electric & Gas, NU's service companies, provide centralized accounting, administrative, engineering, financial,
information technology, legal, operational, planning, purchasing, and other services to NU's companies. RRR, Renewable Properties,
Inc. and Properties, Inc., three other NU subsidiaries, construct, acquire or lease some of the property and facilities used by NU's
companies.
As of both December 31, 2012 and 2011, CL&P, PSNH and WMECO had long-term receivables from NUSCO in the amounts of $25
million, $3.8 million and $5.5 million, respectively, which were included in Other Long-Term Assets on the accompanying consolidated
balance sheets. These amounts related to the funding of investments held in trust by NUSCO in connection with certain postretirement
benefits for CL&P, PSNH and WMECO employees and have been eliminated in consolidation on the NU financial statements.
NSTAR Electric’s consolidated balance sheets included $70.2 million and $75.9 million in Payable to Affiliated Companies as of
December 31, 2012 and 2011, respectively. These amounts related to payments received from affiliates as a result of NSTAR
Electric’s role as the sponsor of the NSTAR Pension Plan.
Included in the CL&P, NSTAR Electric, PSNH and WMECO consolidated balance sheets as of December 31, 2012 and 2011 were
Accounts Receivable from Affiliated Companies and Accounts Payable to Affiliated Companies relating to transactions between CL&P,
NSTAR Electric, PSNH and WMECO and other subsidiaries that are wholly owned by NU. These amounts have been eliminated in
consolidation on the NU financial statements.
The NU Foundation is an independent not-for-profit charitable entity designed to fund initiatives or entities that emphasize economic
development, workforce training and education, and a clean and healthy environment. The NSTAR Foundation is an independent not-
for-profit entity designed to support local charitable organizations in NSTAR’s service territory that improve the quality of life for its
customers. The Board of Directors of both the NU Foundation and NSTAR Foundation consist of certain NU officers. The NU
Foundation and the NSTAR Foundation are not included in the consolidated financial statements of NU as they are not-for-profit entities
and the Company does not have title to the Foundations' assets and cannot receive contributions back from the Foundations.