Eversource 2013 Annual Report Download - page 15

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3
The following table shows the sources of 2013 electric franchise retail revenues for NU’s electric distribution companies, collectively,
based on categories of customers:
(Thousands of Dollars, except percentages)
2013
% of Total
Residential
$
3,073,181
52
Commercial(1)
2,387,535
31
Industrial
339,917
16
Other and Eliminations
56,547
1
Total Retail Electric Revenues
$
5,857,180
100%
(1) Commercial retail electric revenue includes Streetlighting and Railroad retail revenue.
A summary of our distribution companies’ retail electric GWh sales and percentage changes for 2013, as compared to 2012, is as
follows:
2013
2012
(1)
Percentage
Change
Residential
21,896
21,374
2.4 %
Commercial (2)
27,787
27,647
0.5 %
Industrial
5,648
5,787
(2.4)%
Total
55,331
54,808
1.0 %
(1) Results include retail electric sales of NSTAR Electric for all of 2012 for comparative purposes only.
(2) Commercial retail electric GWh sales include Streetlighting and Railroad retail sales.
Our 2013 consolidated retail electric sales were higher, as compared to 2012, due primarily to colder weather in the first and fourth
quarters of 2013. The 2013 retail electric sales for CL&P, NSTAR Electric and PSNH increased while they remained unchanged for
WMECO, as compared to 2012, due primarily to colder weather in the first and fourth quarters of 2013. In 2013, heating degree days
were 17 percent higher in Connecticut and western Massachusetts, 16 percent higher in the Boston metropolitan area, and 15 percent
higher in New Hampshire, and cooling degree days were 7 percent lower in Connecticut and western Massachusetts, 2 percent higher
in the Boston metropolitan area, and 9 percent lower in New Hampshire, as compared to 2012. On a weather-normalized basis (based
on 30-year average temperatures), 2013 retail electric sales for CL&P and PSNH increased, while they decreased for NSTAR Electric
and WMECO, as compared to 2012. The 2013 weather-normalized NU consolidated total retail electric sales remained relatively
unchanged, as compared to 2012.
For WMECO, fluctuations in retail electric sales do not impact earnings due to the DPU-approved revenue decoupling mechanism.
Under this decoupling mechanism, WMECO has an overall fixed annual level of distribution delivery service revenues of $132.4 million,
comprised of customer base rate revenues of $125.4 million and a baseline low income discount recovery of $7 million. These two
mechanisms effectively break the relationship between sales volume and revenues recognized.
ELECTRIC DISTRIBUTION – CONNECTICUT
THE CONNECTICUT LIGHT AND POWER COMPANY
CL&P’s distribution business consists primarily of the purchase, delivery and sale of electricity to its residential, commercial and
industrial customers. As of December 31, 2013, CL&P furnished retail franchise electric service to approximately 1.2 million customers
in 149 cities and towns in Connecticut, covering an area of 4,400 square miles. CL&P does not own any electric generation facilities.
The following table shows the sources of CL&P’s 2013 electric franchise retail revenues based on categories of customers:
CL&P
(Thousands of Dollars, except percentages)
2013
% of Total
Residential
$
1,294,160
58
Commercial(1)
780,585
35
Industrial
129,557
6
Other
18,671
1
Total Retail Electric Revenues
$
2,222,973
100%
(1) Commercial retail electric revenue includes Streetlighting and Railroad retail revenue.