2012 Q1 Form 10-Q Financial Statement

#000007274112000044 Filed on May 10, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $1.100B $1.235B
YoY Change -10.99% -7.77%
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 $104.6M $125.6M
YoY Change -16.72% 59.59%
% of Gross Profit
Operating Expenses $885.2M $1.008B
YoY Change -12.17% -9.43%
Operating Profit $214.4M $227.4M
YoY Change -5.72% 0.31%
Interest Expense $66.45M $58.55M
YoY Change 13.49% -192.49%
% of Operating Profit 30.99% 25.75%
Other Income/Expense, Net $8.773M $10.31M
YoY Change -14.93% 151.54%
Pretax Income $156.7M $179.1M
YoY Change -12.51% 6.94%
Income Tax $55.96M $63.54M
% Of Pretax Income 35.71% 35.47%
Net Earnings $100.8M $115.6M
YoY Change -12.8% 31.96%
Net Earnings / Revenue 9.17% 9.36%
Basic Earnings Per Share
Diluted Earnings Per Share $565.0K $651.3K
COMMON SHARES
Basic Shares Outstanding 178.1M shares 177.2M shares
Diluted Shares Outstanding 178.4M shares 177.5M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $346.0M $95.00M
YoY Change 264.21% -15.18%
Cash & Equivalents $283.0M $15.00M
Short-Term Investments $63.00M $79.00M
Other Short-Term Assets $94.74M $483.0M
YoY Change -80.39% 45.92%
Inventory $219.0M $203.0M
Prepaid Expenses
Receivables $485.8M $540.0M
Other Receivables $0.00 $87.00M
Total Short-Term Assets $1.523B $1.407B
YoY Change 8.28% 13.1%
LONG-TERM ASSETS
Property, Plant & Equipment $10.61B $9.716B
YoY Change 9.23% 8.46%
Goodwill $287.6M
YoY Change
Intangibles
YoY Change
Long-Term Investments $74.00M $53.00M
YoY Change 39.62% 26.19%
Other Assets $171.6M $2.955B
YoY Change -94.19% -17.34%
Total Long-Term Assets $3.842B $13.01B
YoY Change -70.47% 1.17%
TOTAL ASSETS
Total Short-Term Assets $1.523B $1.407B
Total Long-Term Assets $3.842B $13.01B
Total Assets $15.98B $14.42B
YoY Change 10.82% 2.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $412.9M $429.0M
YoY Change -3.76% 11.43%
Accrued Expenses $77.00M
YoY Change -17.2%
Deferred Revenue
YoY Change
Short-Term Debt $660.0M $189.0M
YoY Change 249.21% 89.0%
Long-Term Debt Due $267.3M $66.00M
YoY Change 304.98% 0.0%
Total Short-Term Liabilities $1.968B $1.207B
YoY Change 63.02% 31.34%
LONG-TERM LIABILITIES
Long-Term Debt $4.977B $4.795B
YoY Change 3.8% -3.42%
Other Long-Term Liabilities $414.0M $2.704B
YoY Change -84.69% -10.11%
Total Long-Term Liabilities $4.751B $7.499B
YoY Change -36.64% -5.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.968B $1.207B
Total Long-Term Liabilities $4.751B $7.499B
Total Liabilities $6.719B $10.42B
YoY Change -35.5% 0.51%
SHAREHOLDERS EQUITY
Retained Earnings $1.699B
YoY Change
Common Stock $981.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) -$344.8M
YoY Change
Treasury Stock Shares 18.79M shares
Shareholders Equity $4.068B $4.002B
YoY Change
Total Liabilities & Shareholders Equity $15.98B $14.42B
YoY Change 10.81% 2.23%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $100.8M $115.6M
YoY Change -12.8% 31.96%
Depreciation, Depletion And Amortization $104.6M $125.6M
YoY Change -16.72% 59.59%
Cash From Operating Activities $8.816M $372.8M
YoY Change -97.63% 65.16%
INVESTING ACTIVITIES
Capital Expenditures $304.3M $236.7M
YoY Change 28.56% -216.88%
Acquisitions
YoY Change
Other Investing Activities -$2.448M -$328.0K
YoY Change 646.34% -67.2%
Cash From Investing Activities -$302.5M -$236.9M
YoY Change 27.65% 16.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $570.5M -$143.9M
YoY Change -496.56% 649.26%
NET CHANGE
Cash From Operating Activities $8.816M $372.8M
Cash From Investing Activities -$302.5M -$236.9M
Cash From Financing Activities $570.5M -$143.9M
Net Change In Cash $276.8M -$8.036M
YoY Change -3544.75% -367.87%
FREE CASH FLOW
Cash From Operating Activities $8.816M $372.8M
Capital Expenditures $304.3M $236.7M
Free Cash Flow -$295.5M $136.1M
YoY Change -317.14% -68.22%

Facts In Submission

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16868000 USD
CY2011Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
989000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-143857000 USD
CY2011Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-8036000 USD
CY2010Q4 us-gaap Cash
Cash
23395000 USD
CY2012Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
52104000 USD
CY2012Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1390000 USD
CY2012Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
343000000 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
300000000 USD
CY2011Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
48588000 USD
CY2011Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1390000 USD
CY2011Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-78000000 USD
CY2011Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2011Q1 us-gaap Cash
Cash
15359000 USD
CY2012Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
-98910000 USD
CY2011Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
-5932000 USD
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34900000 USD
CY2012Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34800000 USD
CY2012Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
18300000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17900000 USD
CY2012Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-1400000 USD
CY2012Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
2800000 USD
CY2012Q1 nu Public Utilities Allowance For Funds Used During Construction Capitalized Total
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedTotal
4200000 USD
CY2011Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-3200000 USD
CY2011Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
5500000 USD
CY2011Q1 nu Public Utilities Allowance For Funds Used During Construction Capitalized Total
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedTotal
8700000 USD
CY2012Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.066 pure
CY2011Q1 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.071 pure
CY2012Q2 nu Business Aquisition Purchase Price Allocation Preferred Stock
BusinessAquisitionPurchasePriceAllocationPreferredStock
39000000 USD
CY2012Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
35000000 USD
CY2011Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
38700000 USD
CY2011Q1 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
8300000 USD
CY2012Q1 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
308400000 USD
CY2012Q1 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
12936000000 USD
CY2012Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
138500000 USD
CY2011 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
168500000 USD
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
314000000 shares
CY2012Q2 nu Number Of Nstar Shares Outstanding
NumberOfNstarSharesOutstanding
103696000 shares
CY2012Q2 nu Exchange Ratio
ExchangeRatio
1.312 pure
CY2012Q2 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
136049000 shares
CY2012Q2 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
5038000000 USD
CY2012Q2 us-gaap Business Acquisition Cost Of Acquired Entity Equity Interests Issued And Issuable
BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable
5005000000 USD
CY2012Q2 nu Business Acquisition Share Price
BusinessAcquisitionSharePrice
36.79
CY2012Q2 us-gaap Business Acquisition Cost Of Acquired Entity Other Noncash Consideration
BusinessAcquisitionCostOfAcquiredEntityOtherNoncashConsideration
33000000 USD
CY2012Q2 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
1.00 pure
CY2012Q2 nu Business Acquisition Number Of Shares Awards Vested Immediately Prior To Merger
BusinessAcquisitionNumberOfSharesAwardsVestedImmediatelyPriorToMerger
109000 shares
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Current Assets
BusinessAcquisitionPurchasePriceAllocationCurrentAssets
746000000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Property Plant And Equipment
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment
5150000000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
3231000000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Current Liabilities
BusinessAcquisitionPurchasePriceAllocationCurrentLiabilities
1320000000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Noncurrent Liabilities Long Term Debt
BusinessAcquisitionPurchasePriceAllocationNoncurrentLiabilitiesLongTermDebt
2140000000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Liabilities
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentLiabilities
2721000000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Assets
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentAssets
2131000000 USD
CY2012Q1 nu Business Aquisition Description Of Settlement Agreements
BusinessAquisitionDescriptionOfSettlementAgreements
Regulatory Approvals: On February 15, 2012, NU and NSTAR reached comprehensive settlement agreements with the Massachusetts Attorney General and the DOER. The settlement agreement reached with the Attorney General covered a variety of rate-making and rate design issues, including a base distribution rate freeze at least through 2015 for NSTAR Electric, NSTAR Gas and WMECO and $15 million, $3 million and $3 million in the form of rate credits to their respective customers. The settlement agreement reached with the DOER covered the same rate-making and rate design issues as the Attorney General's settlement agreement, as well as a variety of matters impacting the advancement of Massachusetts clean energy policy established by the Green Communities Act and Global Warming Solutions Act. On April 4, 2012, the DPU issued a decision approving the settlement agreements and the merger of NU and NSTAR. On March 13, 2012, NU and NSTAR reached a comprehensive settlement agreement with both the Connecticut Attorney General and the Connecticut Office of Consumer Counsel. The settlement agreement covered a variety of matters, including a $25 million rate credit to CL&P customers, a CL&P base distribution rate freeze until December 1, 2014, and the establishment of a $15 million fund for energy efficiency and other initiatives to be disbursed at the direction of the DEEP. In the agreement, CL&P agreed to forego recovery of $40 million of the deferred storm costs associated with restoration activities following Tropical Storm Irene and the October 2011 snowstorm. Subject to the PURA review, the remaining storm costs are to be recovered during the six-year period beginning December 1, 2014. On April 2, 2012, the PURA issued a decision approving the settlement agreement and the merger of NU and NSTAR. The financial impacts of the settlement agreements will be recognized by NU, CL&P, NSTAR Electric, NSTAR Gas, and WMECO in the second quarter of 2012 in connection with the completion of the merger. As part of the settlement agreement NU and NSTAR reached with both the Connecticut Attorney General and the Connecticut Office of Consumer Counsel on March 13, 2012, in the second quarter of 2012, CL&P will record a reserve of $40 million associated with the deferred storm costs related to Tropical Storm Irene and the October 2011 snowstorm. CL&P will file with PURA for recovery of the total deferred storm costs. The total approved costs, which will reflect the $40 million reserve, will be collected over a six year period beginning December 1, 2014. Management believes CL&P's, PSNH's and WMECO's response to the 2011 storms was prudent and therefore believes it is probable that they will be allowed to recover these remaining deferred storm costs. See Note 2, “Merger of NU and NSTAR,” to the unaudited condensed consolidated financial statements for further information.
CY2012Q1 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
1100000 USD
CY2012Q1 us-gaap Business Acquisition Pro Forma Information Description
BusinessAcquisitionProFormaInformationDescription
Pro Forma Financial Information: The following unaudited pro forma financial information reflects the consolidated results of operations of NU and reflects the amortization of purchase price adjustments assuming the merger had taken place on January 1, 2011. The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of NU. The pro forma financial information does not include potential cost savings or non-recurring adjustments that will be recorded in the second quarter in connection with the merger. This information is preliminary in nature and subject to change based on final purchase price adjustments. In the first quarters of 2012 and 2011, NU and NSTAR incurred non-recurring costs directly related to the merger that are not included in the pro forma earnings presented below. The aggregate after-tax impacts of these costs were approximately $1.5 million ($1.1 million for NU) and $13 million ($8.3 million for NU) for the three months ended March 31, 2012 and 2011, respectively.
CY2012Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1830000000 USD
CY2011Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2072000000 USD
CY2011Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
185000000 USD
CY2012Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
108000000 USD
CY2012Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.34
CY2012Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.34
CY2011Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.59
CY2011Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.59
CY2012Q1 us-gaap Regulatory Assets
RegulatoryAssets
3456100000 USD
CY2011Q4 us-gaap Regulatory Assets
RegulatoryAssets
3522800000 USD
CY2012Q1 us-gaap Description Of Regulatory Costs Not Yet Approved
DescriptionOfRegulatoryCostsNotYetApproved
Additionally, the Regulated companies had $32.6 million ($4.2 million for CL&P, $23.5 million for PSNH, and $1.6 million for WMECO) and $32.4 million ($5 million for CL&P, $22.4 million for PSNH, and $1.6 million for WMECO) of regulatory costs as of March 31, 2012 and December 31, 2011, respectively, which were included in Other Long-Term Assets on the accompanying unaudited condensed consolidated balance sheets. These amounts represent incurred costs that have not yet been approved for recovery by the applicable regulatory agency. Management believes these costs are probable of recovery in future cost-of-service regulated rates.
CY2012Q1 us-gaap Regulatory Liabilities
RegulatoryLiabilities
398100000 USD
CY2011Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
433900000 USD
CY2012Q1 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
6645000000 USD
CY2012Q1 nu Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
1259900000 USD
CY2012Q1 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
3590700000 USD
CY2012Q1 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
1132000000 USD
CY2012Q1 nu Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
12627600000 USD
CY2012Q1 nu Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
3077500000 USD
CY2012Q1 nu Other Accumulated Depreciation
OtherAccumulatedDepreciation
122500000 USD
CY2012Q1 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
3200000000 USD
CY2012Q1 nu Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
9736000000 USD
CY2012Q1 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
877200000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
6540400000 USD
CY2011Q4 nu Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
1247600000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
3541900000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
1096000000 USD
CY2011Q4 nu Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
12425900000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
305100000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
12731000000 USD
CY2011Q4 nu Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
3035500000 USD
CY2011Q4 nu Other Accumulated Depreciation
OtherAccumulatedDepreciation
120200000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
3155700000 USD
CY2011Q4 nu Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
9575300000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
827800000 USD
CY2012Q1 nu Current Derivative Assets Consolidated
CurrentDerivativeAssetsConsolidated
12900000 USD
CY2011Q4 nu Current Derivative Assets Consolidated
CurrentDerivativeAssetsConsolidated
13300000 USD
CY2012Q1 us-gaap Description Of Derivative Activity Volume
DescriptionOfDerivativeActivityVolume
As of March 31, 2012 and December 31, 2011, NU had approximately 38 thousand MWh and 123 thousand MWh, respectively, of supply volumes remaining in its unregulated wholesale portfolio when expected sales are compared with supply contracts
CY2012Q1 us-gaap Notional Amount Of Fair Value Hedge Instruments
NotionalAmountOfFairValueHedgeInstruments
263000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
901500000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
962200000 USD
CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
840200000 USD
CY2011Q1 nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
2700000 USD
CY2012Q1 nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
2500000 USD
CY2012Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments
0 USD
CY2012Q1 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge
IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge
0 USD
CY2011Q1 us-gaap Increase Decrease In Fair Value Of Hedged Item In Interest Rate Fair Value Hedge
IncreaseDecreaseInFairValueOfHedgedItemInInterestRateFairValueHedge
-400000 USD
CY2011Q1 us-gaap Increase Decrease In Fair Value Of Interest Rate Fair Value Hedging Instruments
IncreaseDecreaseInFairValueOfInterestRateFairValueHedgingInstruments
400000 USD
CY2012Q1 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
-700000 USD
CY2011Q1 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
-100000 USD
CY2011Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPeriodIncreaseDecrease
1900000 USD
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1200000 USD
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-3000000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-4200000 USD
CY2012Q1 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
7500000 USD
CY2012Q1 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
17400000 USD
CY2012Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
25100000 USD
CY2011Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
23500000 USD
CY2011Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
-4100000 USD
CY2011Q4 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
-19900000 USD
CY2011Q4 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
2000000 USD
CY2011Q4 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
-200000 USD
CY2012Q1 nu Fairvalueinputsliabilitiesquantitativeinformationtabletextblock
Fairvalueinputsliabilitiesquantitativeinformationtabletextblock
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 9px"><td style="width: 120px; text-align:left;border-color:#000000;min-width:120px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 142px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:142px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Range</font></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: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Period Covered</font></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: 120px; text-align:left;border-color:#000000;min-width:120px;">&#160;</td></tr><tr style="height: 9px"><td style="width: 120px; text-align:left;border-color:#000000;min-width:120px;"><font style="TEXT-DECORATION: underline;FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">Energy Prices:</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 142px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:142px;">&#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: 96px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:96px;">&#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: 120px; text-align:left;border-color:#000000;min-width:120px;">&#160;</td></tr><tr style="height: 9px"><td style="width: 120px; text-align:left;border-color:#000000;min-width:120px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> NU</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 142px; text-align:left;border-color:#000000;min-width:142px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">$43 - $82 per MWh</font></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: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2017 - 2027</font></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: 120px; text-align:left;border-color:#000000;min-width:120px;">&#160;</td></tr><tr style="height: 9px"><td style="width: 120px; text-align:left;border-color:#000000;min-width:120px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> CL&amp;P</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 142px; text-align:left;border-color:#000000;min-width:142px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">$49 - $55 per MWh</font></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: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2017 - 2020</font></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: 120px; text-align:left;border-color:#000000;min-width:120px;">&#160;</td></tr><tr style="height: 9px"><td style="width: 120px; text-align:left;border-color:#000000;min-width:120px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> WMECO</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 142px; text-align:left;border-color:#000000;min-width:142px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">$43 - $82 per MWh</font></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: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2017 - 2027</font></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: 120px; text-align:left;border-color:#000000;min-width:120px;">&#160;</td></tr><tr style="height: 9px"><td style="width: 120px; text-align:left;border-color:#000000;min-width:120px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 142px; text-align:left;border-color:#000000;min-width:142px;">&#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: 96px; text-align:center;border-color:#000000;min-width:96px;">&#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: 120px; 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CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
8000000 USD
CY2012Q1 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
6000000 USD
CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
14500000 USD
CY2012Q1 nu Rollforward Of Net Derivative Asset Liabilities Valued Using Unobservable Inputs
RollforwardOfNetDerivativeAssetLiabilitiesValuedUsingUnobservableInputs
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 9px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;<sup></sup></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td colspan="7" style="width: 207px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:207px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">As of March 31, 2012</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td colspan="8" style="width: 221px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:221px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">As of March 31, 2011</font></td></tr><tr style="height: 9px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;<sup></sup></td><td colspan="2" style="width: 69px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:69px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Commodity</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 55px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:55px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 53px; 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border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 54px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:54px;">&#160;</td></tr><tr style="height: 9px"><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;<sup></sup></td><td colspan="2" style="width: 69px; text-align:center;border-color:#000000;min-width:69px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">and Capacity</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 65px; text-align:center;border-color:#000000;min-width:65px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Commodity</font></td><td style="width: 10px; 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CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
32200000 USD
CY2011Q1 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-31200000 USD
CY2011Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
-1600000 USD
CY2011Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
872700000 USD
CY2012Q1 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
4400000 USD
CY2011Q1 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
400000 USD
CY2012Q1 nu Level2 Unrealized Gains Netincome
Level2UnrealizedGainsNetincome
4600000 USD
CY2012Q1 us-gaap Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
2100000 USD
CY2012Q1 us-gaap Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
-100000 USD
CY2012Q1 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
90500000 USD
CY2012Q1 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
92500000 USD
CY2011Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
88400000 USD
CY2011Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
90200000 USD
CY2012Q1 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
44300000 USD
CY2011Q4 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
41100000 USD
CY2012Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
-3200000 USD
CY2011Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
-1900000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
18400000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
33500000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
12000000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
26600000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
90500000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
18400000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
33800000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
12500000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
27800000 USD
CY2012Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
92500000 USD
CY2012Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
136800000 USD
CY2011Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
131300000 USD
CY2012Q1 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYearDescription
Based on the current status of the Pension Plan, NU is required to make a contribution to the Pension Plan of approximately $197.3 million in 2012 to meet minimum funding requirements under the PPA. Contributions are being made in installments and began in January 2012. NU made contributions totaling $92 million ($87.7 million of which was contributed by PSNH) in the first quarter of 2012.
CY2012Q1 nu Environmental Site Quantity
EnvironmentalSiteQuantity
61 pure
CY2012Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
31700000 USD
CY2011Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
31700000 USD
CY2012Q1 us-gaap Accrual For Environmental Loss Contingencies Component Amount
AccrualForEnvironmentalLossContingenciesComponentAmount
2300000 USD
CY2012Q1 nu Cumulative Environmental Remediation Expense
CumulativeEnvironmentalRemediationExpense
19500000 USD
CY2012Q1 nu Range Of Potential Loss On Enivornmental Sites
RangeOfPotentialLossOnEnivornmentalSites
MGP sites are sites that were operated several decades ago and produced manufacturing gas from coal, which resulted in certain byproducts in the environment that may pose a risk to human health and the environment.
CY2012Q1 nu Cumulative Payments Environmental Loss Contingencies
CumulativePaymentsEnvironmentalLossContingencies
17200000 USD
CY2012Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
196052770 shares
CY2012Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
196318359 shares
CY2012Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
18894078 shares
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
18790898 shares
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
381737 shares
CY2011Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
292789 shares
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.64
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.56
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
105400000 USD
CY2012Q1 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
779800000 USD
CY2011Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
125600000 USD
CY2011Q1 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
882300000 USD
CY2011Q1 us-gaap Assets
Assets
14418500000 USD
CY2012Q1 us-gaap Subsequent Event Description
SubsequentEventDescription
On April 2, 2012, CL&P remarketed $62 million of tax-exempt PCRBs for a three-year period. Given the long-term nature of the remarketing, the $62 million has been classified as Long-Term Debt on the accompanying unaudited condensed consolidated balance sheets as of March&#160;31, 2012. The PCRBs, which mature on May 1, 2031, carry a coupon rate of 1.55 percent during the current three-year fixed-rate period and are subject to mandatory tender for purchase on April 1, 2015. On April 2, 2012, NU repaid the NU parent $263 million 7.25 percent Series A Senior Notes that matured on April 1, 2012 with the proceeds from the issuance of the floating rate Series D Senior Notes issued on March 22, 2012. On April 10, 2012, NU acquired 100 percent of the outstanding common stock of NSTAR and NSTAR (through a successor, NSTAR LLC) became a direct wholly-owned subsidiary of NU. Refer to Note 2, "Merger of NU and NSTAR," for further information.
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
NORTHEAST UTILITIES
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000072741
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
313604078 shares
CY2011Q2 dei Entity Public Float
EntityPublicFloat
6218948649 USD
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012Q1 dei Amendment Flag
AmendmentFlag
false

Files In Submission

Name View Source Status
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0000072741-12-000044-index.html Edgar Link pending
0000072741-12-000044.txt Edgar Link pending
0000072741-12-000044-xbrl.zip Edgar Link pending
clpcreditagreement20129_fina.htm Edgar Link pending
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