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101
RSUs and performance shares are included in basic weighted average common shares outstanding as of the date that all necessary vesting conditions
have been satisfied. The dilutive effect of unvested RSUs and performance shares is calculated using the treasury stock method. Assumed proceeds
of these units under the treasury stock method consist of the remaining compensation cost to be recognized and a theoretical tax benefit. The
theoretical tax benefit is calculated as the tax impact of the intrinsic value of the units (the difference between the market value of the average units
outstanding for the period, using the average market price during the period, and the grant date market value).
The dilutive effect of stock options to purchase common shares is also calculated using the treasury stock method. Assumed proceeds for stock
options consist of cash proceeds that would be received upon exercise, and a theoretical tax benefit. The theoretical tax benefit is calculated as the
tax impact of the intrinsic value of the stock options (the difference between the market value of the average stock options outstanding for the period,
using the average market price during the period, and the exercise price).
20. SEGMENT INFORMATION
 NU is organized between the Electric Distribution, Electric Transmission and Natural Gas Distribution reportable segments and Other
based on a combination of factors, including the characteristics of each segments'products and services, the sources of operating revenues and
expenses and the regulatory environment in which each segment operates. These reportable segments represented substantially all of NU's total
consolidated revenues for the years ended December 31, 2014, 2013and 2012. Revenues from the sale of electricity and natural gas primarily are
derived from residential, commercial and industrial customers and are not dependent on any single customer. The Electric Distribution reportable
segment includes the generation activities of PSNH and WMECO.
The remainder of NU's operations is presented as Other in the tables below and primarily consists of 1) the equity in earnings of NU parent from its
subsidiaries and intercompany interest income, both of which are eliminated in consolidation, and interest expense related to the debt of NU parent,
2) the revenues and expenses of NU's service company, most of which are eliminated in consolidation, 3) the operations of CYAPC and YAEC, and
4) the results of other non-regulated subsidiaries, which are not part of its core business.
Cash flows used for investments in plant included in the segment information below are cash capital expenditures that do not include amounts
incurred but not paid, cost of removal, AFUDC related to equity funds, and the capitalized portions of pension expense.
NU's reportable segments are determined based upon the level at which NU's chief operating decision maker assesses performance and makes
decisions about the allocation of company resources. Each of NU's subsidiaries, including CL&P, NSTAR Electric, PSNH and WMECO, has one
reportable segment. NU's operating segments and reporting units are consistent with its reportable business segments.
NSTAR amounts were included in NU beginning April 10, 2012.