Eversource 2014 Annual Report Download - page 14

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NORTHEAST UTILITIES AND SUBSIDIARIES
THE CONNECTICUT LIGHT AND POWER COMPANY
NSTAR ELECTRIC COMPANY AND SUBSIDIARY
PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARY
WESTERN MASSACHUSETTS ELECTRIC COMPANY
PART I
Item 1. Business
Please refer to the Glossary of Terms for definitions of defined terms and abbreviations used in this combined Annual Report on Form 10-K.
On February 2, 2015, NU and each of its wholly owned utility subsidiaries listed below commenced doing business as Eversource
Energy. NU, headquartered in Boston, Massachusetts and Hartford, Connecticut, is a public utility holding company subject to
regulation by FERC under the Public Utility Holding Company Act of 2005. We are engaged primarily in the energy delivery
business through the following wholly owned utility subsidiaries:
The Connecticut Light and Power Company (CL&P), a regulated electric utility that serves residential, commercial and industrial
customers in parts of Connecticut;
NSTAR Electric Company (NSTAR Electric), a regulated electric utility that serves residential, commercial and industrial customers in
parts of Massachusetts;
Public Service Company of New Hampshire (PSNH), a regulated electric utility that serves residential, commercial and industrial
customers in parts of New Hampshire and owns generation assets used to serve customers;
Western Massachusetts Electric Company (WMECO), a regulated electric utility that serves residential, commercial and industrial
customers in parts of western Massachusetts and owns solar generating assets;
NSTAR Gas Company (NSTAR Gas), a regulated natural gas utility that serves residential, commercial and industrial customers in parts of
Massachusetts; and
Yankee Gas Services Company (Yankee Gas), a regulated natural gas utility that serves residential, commercial and industrial customers in
parts of Connecticut.
CL&P, NSTAR Electric, PSNH and WMECO also serve New England customers through NU's electric transmission business.
NU, CL&P, NSTAR Electric, PSNH and WMECO each report their financial results separately. We also include information in this report on a
segment basis for NU. NU recognizes three reportable segments, which are electric distribution, electric transmission and natural gas distribution.
NU's electric distribution segment includes the generation businesses of PSNH and WMECO. These three segments represented substantially all of
NU's total consolidated revenues for the years ended December 31, 2014 and 2013. CL&P, NSTAR Electric, PSNH and WMECO do not report
separate business segments.
ELECTRIC DISTRIBUTION SEGMENT
General
NU's electric distribution segment consists of the distribution businesses of CL&P, NSTAR Electric, PSNH and WMECO, which are engaged in the
distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, respectively, plus
the regulated electric generation businesses of PSNH and WMECO.
The following table shows the sources of 2014 electric franchise retail revenues for NU's electric distribution companies, collectively, based on
categories of customers:
 2014 % of Total
Residential $3,288,313 53
Commercial 2,471,440 40
Industrial 348,698 6
Other and Eliminations 125,830 1
Total Retail Electric Revenues $6,234,281 100%