2011 Q4 Form 10-Q Financial Statement

#000007274111000101 Filed on November 07, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $1.068B $1.115B $1.243B
YoY Change -11.3% -10.33% -4.82%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $79.40M $129.0M $181.7M
YoY Change 10.28% -29.0% 135.97%
% of Gross Profit
Operating Expenses $883.2M $911.1M $1.044B
YoY Change -12.44% -12.71% -8.74%
Operating Profit $184.9M $203.8M $199.6M
YoY Change -5.33% 2.1%
Interest Expense -$65.70M $63.93M $65.90M
YoY Change 161.75% -2.98% -203.61%
% of Operating Profit -35.53% 31.37% 33.02%
Other Income/Expense, Net $8.600M $1.430M $10.12M
YoY Change -16.5% -85.87% 189.09%
Pretax Income $127.8M $141.3M $143.9M
YoY Change -29.2% -1.76% 40.48%
Income Tax $13.00M $49.88M $41.92M
% Of Pretax Income 10.17% 35.3% 29.14%
Net Earnings $114.8M $91.40M $101.9M
YoY Change -12.57% -10.3% 53.93%
Net Earnings / Revenue 10.75% 8.2% 8.2%
Basic Earnings Per Share $0.51 $0.57
Diluted Earnings Per Share $644.6K $0.51 $0.57
COMMON SHARES
Basic Shares Outstanding 177.0M shares 177.5M shares 176.8M shares
Diluted Shares Outstanding 177.8M shares 177.0M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.00M $91.00M $121.0M
YoY Change -23.53% -24.79% -61.34%
Cash & Equivalents $7.000M $17.00M $41.00M
Short-Term Investments $71.00M $75.00M $80.00M
Other Short-Term Assets $112.6M $130.0M $342.0M
YoY Change 12.14% -61.99% 16.33%
Inventory $249.0M $238.0M $247.0M
Prepaid Expenses
Receivables $488.0M $494.6M $526.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.357B $1.327B $1.236B
YoY Change -9.92% 7.39% -16.49%
LONG-TERM ASSETS
Property, Plant & Equipment $10.40B $10.10B $9.318B
YoY Change 8.73% 8.35% 8.06%
Goodwill $300.0M $287.6M
YoY Change 4.31%
Intangibles
YoY Change
Long-Term Investments $2.100M $52.00M $46.00M
YoY Change 5.0% 13.04% -16.36%
Other Assets $172.6M $168.0M $3.410B
YoY Change -3.74% -95.07% -4.24%
Total Long-Term Assets $3.887B $3.305B $13.06B
YoY Change 14.38% -74.69% 4.28%
TOTAL ASSETS
Total Short-Term Assets $1.357B $1.327B $1.236B
Total Long-Term Assets $3.887B $3.305B $13.06B
Total Assets $15.65B $14.73B $14.30B
YoY Change 8.12% 3.02% 2.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $633.3M $476.2M $451.0M
YoY Change 51.76% 5.59% 10.0%
Accrued Expenses $77.00M $108.0M
YoY Change -28.7% 21.35%
Deferred Revenue
YoY Change
Short-Term Debt $317.0M $30.00M $156.0M
YoY Change 18.73% -80.77% -52.0%
Long-Term Debt Due $331.6M $334.3M $66.00M
YoY Change 400.23% 406.56% 0.0%
Total Short-Term Liabilities $1.948B $1.535B $1.057B
YoY Change 44.79% 45.25% -11.55%
LONG-TERM LIABILITIES
Long-Term Debt $4.615B $4.615B $4.883B
YoY Change -0.39% -5.49% 0.72%
Other Long-Term Liabilities $420.0M $671.0M $2.971B
YoY Change -6.14% -77.41% 0.64%
Total Long-Term Liabilities $4.840B $4.373B $7.854B
YoY Change 10.41% -44.32% 0.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.948B $1.535B $1.057B
Total Long-Term Liabilities $4.840B $4.373B $7.854B
Total Liabilities $6.788B $5.909B $10.46B
YoY Change 18.48% -43.51% 0.98%
SHAREHOLDERS EQUITY
Retained Earnings $1.652B $1.588B
YoY Change 13.7%
Common Stock $980.3M $980.1M
YoY Change 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$346.7M -$348.8M
YoY Change -2.27%
Treasury Stock Shares 18.89M shares 19.01M shares
Shareholders Equity $4.013B $3.956B $3.839B
YoY Change
Total Liabilities & Shareholders Equity $15.65B $14.73B $14.30B
YoY Change 8.12% 3.01% 2.08%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $114.8M $91.40M $101.9M
YoY Change -12.57% -10.3% 53.93%
Depreciation, Depletion And Amortization $79.40M $129.0M $181.7M
YoY Change 10.28% -29.0% 135.97%
Cash From Operating Activities $82.00M $201.7M $309.8M
YoY Change -67.19% -34.89% 22.55%
INVESTING ACTIVITIES
Capital Expenditures -$327.6M -$280.6M -$235.2M
YoY Change 18.31% 19.3% 10.16%
Acquisitions
YoY Change
Other Investing Activities $18.90M -$1.600M -$6.700M
YoY Change 117.24% -76.12% -578.57%
Cash From Investing Activities -$308.7M -$282.2M -$241.9M
YoY Change 15.1% 16.66% 14.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 216.7M 82.00M -115.6M
YoY Change 36016.67% -170.93% -57.62%
NET CHANGE
Cash From Operating Activities 82.00M 201.7M 309.8M
Cash From Investing Activities -308.7M -282.2M -241.9M
Cash From Financing Activities 216.7M 82.00M -115.6M
Net Change In Cash -10.00M 1.500M -47.70M
YoY Change -43.5% -103.14% -79.45%
FREE CASH FLOW
Cash From Operating Activities $82.00M $201.7M $309.8M
Capital Expenditures -$327.6M -$280.6M -$235.2M
Free Cash Flow $409.6M $482.3M $545.0M
YoY Change -22.25% -11.5% 16.88%

Facts In Submission

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DeferredIncomeTaxExpenseBenefit
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us-gaap Pension And Other Postretirement Benefit Expense
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us-gaap Increase Decrease In Regulatory Assets And Liabilities
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26001000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
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us-gaap Pension And Other Postretirement Benefit Expense
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74744000 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
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33767000 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
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us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Inventories
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4072000 USD
us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Income Taxes Receivable
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-109410000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
12904000 USD
us-gaap Increase Decrease In Accounts Payable
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66618000 USD
us-gaap Increase Decrease In Accounts Payable
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9419000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
888447000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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843647000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
749060000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
677579000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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116463000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
146305000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
118251000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
148075000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5849000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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10412000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
145865000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
135349000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4169000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4169000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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us-gaap Proceeds From Repayments Of Short Term Debt
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55687000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
382000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
145000000 USD
us-gaap Repayments Of Secured Debt
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51198000 USD
us-gaap Repayments Of Secured Debt
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195724000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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-4947000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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-6674000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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14227000 USD
CY2009Q4 us-gaap Cash
Cash
26952000 USD
CY2010Q3 us-gaap Cash
Cash
41179000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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46841000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
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us-gaap Repayments Of Long Term Debt
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159220000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
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78035000 USD
CY2011Q3 nu Exchange Ratio For Common Shares Converted As A Result Of Merger
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1.312 pure
CY2011Q3 nu Nu Ownership Post Merger
NuOwnershipPostMerger
0.56 pure
CY2011Q3 nu Common Shares Issued As A Result Of Merger
CommonSharesIssuedAsAResultOfMerger
137000000 shares
CY2011Q3 nu Nstar Ownership Post Merger
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0.44 pure
CY2011Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2011Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2011Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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CY2011Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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CY2010Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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CY2010Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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4600000 USD
CY2010Q3 nu Public Utilities Allowance For Funds Used During Construction Capitalized Total
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7400000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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28200000 USD
us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
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11600000 USD
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18500000 USD
CY2011Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
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CY2010Q3 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
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0.073 pure
us-gaap Public Utilities Allowance For Funds Used During Construction Rate
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0.073 pure
us-gaap Public Utilities Allowance For Funds Used During Construction Rate
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CY2010Q3 us-gaap Excise And Sales Taxes
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37000000 USD
us-gaap Excise And Sales Taxes
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105800000 USD
us-gaap Excise And Sales Taxes
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2010Q4 us-gaap Regulatory Assets
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CY2010Q4 us-gaap Regulatory Liabilities
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6427000000 USD
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CY2011Q3 us-gaap Public Utilities Property Plant And Equipment Transmission
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CY2011Q3 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
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CY2011Q3 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
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CY2011Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
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CY2011Q3 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
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CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
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CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
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CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
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CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
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CY2010Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
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CY2010Q4 nu Current Derivative Assets Consolidated
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CY2011Q3 us-gaap Description Of Derivative Activity Volume
DescriptionOfDerivativeActivityVolume
As of September 30, 2011 and December 31, 2010, NU had approximately 0.1 million and 0.3 million MWh, respectively, of supply volumes remaining in its unregulated wholesale portfolio when expected sales are compared with contracted supply, both of which extend through 2013.
CY2011Q3 us-gaap Notional Amount Of Fair Value Hedge Instruments
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CY2010Q3 nu Interest Realized In Earnings On Fair Value Hedge
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CY2011Q3 nu Interest Realized In Earnings On Fair Value Hedge
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CY2011Q3 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge
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nu Interest Realized In Earnings On Fair Value Hedge
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CY2011Q3 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
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us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
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CY2011Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Period Increase Decrease
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Period Increase Decrease
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CY2011Q3 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
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CY2011Q3 us-gaap Additional Collateral Aggregate Fair Value
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CY2011Q3 nu Standby Letters Of Credit Posted
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CY2011Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
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CY2010Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 10px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 300px; text-align:left;border-color:#000000;min-width:300px;">&#160;<sup></sup></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td></tr><tr style="height: 10px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 300px; text-align:left;border-color:#000000;min-width:300px;">&#160;<sup></sup></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td></tr><tr style="height: 10px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 300px; text-align:left;border-color:#000000;min-width:300px;">&#160;<sup></sup></td><td colspan="8" style="width: 320px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:320px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">For the Three Months Ended September 30, 2011</font></td></tr><tr style="height: 10px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 300px; text-align:left;border-color:#000000;min-width:300px;">&#160;<sup></sup></td><td colspan="8" style="width: 320px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:320px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">NU</font></td></tr><tr style="height: 10px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 300px; 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CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
840200000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1000000 USD
nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-93000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
16100000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
916100000 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
700000 USD
CY2010Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
856800000 USD
CY2010Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1200000 USD
CY2010Q3 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-50700000 USD
CY2010Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
909800000 USD
CY2010Q3 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
1000000 USD
CY2010Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-3500000 USD
CY2009Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
761200000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1700000 USD
nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-146700000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-3600000 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
900000 USD
CY2011Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
7100000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
4900000 USD
CY2010Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
5700000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
3200000 USD
CY2011Q3 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
1900000 USD
CY2011Q3 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
-300000 USD
CY2011Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
87800000 USD
CY2011Q3 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
89400000 USD
CY2010Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
86300000 USD
CY2010Q4 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
1300000 USD
CY2010Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
-300000 USD
CY2010Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
87300000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
37200000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
16100000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
10700000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
23800000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
87800000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
37200000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
16200000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
11100000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
24900000 USD
CY2011Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
89400000 USD
CY2011Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
126700000 USD
CY2010Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
129500000 USD
CY2010Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
30300000 USD
CY2011Q3 us-gaap Accrual For Environmental Loss Contingencies Component Amount
AccrualForEnvironmentalLossContingenciesComponentAmount
2600000 USD
nu Cumulative Environmental Remediation Expense
CumulativeEnvironmentalRemediationExpense
19500000 USD
nu Cumulative Payments Environmental Loss Contingencies
CumulativePaymentsEnvironmentalLossContingencies
16900000 USD
us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
2600000 USD
CY2010Q3 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
1.6 USD
nu Expected Pension Contribution
ExpectedPensionContribution
Due to an underfunded balance as of January 1, 2010, NU is required to make an additional contribution to the Pension Plan of approximately $145 million in 2011. A contribution of approximately $124 million was made in the nine months ended September 30, 2011 ($93 million of which was contributed by PSNH). Approximately $105 million of this amount was paid in the three months ended September 30, 2011 ($78 million of which was contributed by PSNH). The required contribution is being made in installments, which began in April 2011, to meet the current minimum funding requirements established by the PPA of 2006. Based on estimates as of December 31, 2010, additional contributions totalling $390 million are expected to be made from 2012 through 2015, subject to a variety of factors, including the performance of existing plan assets, valuation of the plan's liabilities and changes in long-term discount rates.
nu Environmental Site Quantity
EnvironmentalSiteQuantity
33 pure
CY2011Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
26000000 USD
CY2010 nu Environmental Site Quantity
EnvironmentalSiteQuantity
33 pure
CY2011Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-10700000 USD
CY2010Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
100000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-14600000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
100000 USD
CY2011Q3 us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
300000 USD
CY2010Q3 us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
100000 USD
us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
500000 USD
us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
800000 USD
CY2011Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
1000000 USD
CY2010Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
600000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
2300000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
1600000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-9400000 USD
CY2010Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-11800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
2500000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
82000000 USD
CY2010Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
102700000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
273900000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
265400000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1500000 USD
CY2010Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1400000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4300000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4200000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
80500000 USD
CY2010Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
101300000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
269600000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
261200000 USD
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-4200000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-300000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-14900000 USD
CY2011Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-18800000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.46
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2011Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000 shares
CY2010Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
195781740 shares
CY2011Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
196010807 shares
CY2011Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2010Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
225000000 shares
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
19333659 shares
CY2011Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
19008390 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2104 shares
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
337486 shares
CY2010Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
259564 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
303213 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
204199 shares
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.47
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2011Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
129600000 USD
CY2011Q3 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
781500000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
363200000 USD
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
2425100000 USD
CY2010Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
181700000 USD
CY2010Q3 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
862000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
454700000 USD
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
2634900000 USD
CY2010Q3 us-gaap Assets
Assets
14297600000 USD
dei Entity Registrant Name
EntityRegistrantName
NORTHEAST UTILITIES
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0000072741
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
177032294 shares
CY2010Q2 dei Entity Public Float
EntityPublicFloat
4486982187 USD
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No

Files In Submission

Name View Source Status
0000072741-11-000101-index-headers.html Edgar Link pending
0000072741-11-000101-index.html Edgar Link pending
0000072741-11-000101.txt Edgar Link pending
0000072741-11-000101-xbrl.zip Edgar Link pending
exhibit12clp.htm Edgar Link pending
exhibit12nu.htm Edgar Link pending
exhibit12psnh.htm Edgar Link pending
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exhibit311clp.htm Edgar Link pending
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nu-20110930.xml Edgar Link completed
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