2012 Q4 Form 10-Q Financial Statement

#000007274112000080 Filed on November 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $1.684B $1.862B $1.115B
YoY Change 57.68% 66.97% -10.33%
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 $149.2M $231.3M $129.0M
YoY Change 87.91% 79.3% -29.0%
% of Gross Profit
Operating Expenses $1.353B $1.449B $911.1M
YoY Change 53.15% 59.0% -12.71%
Operating Profit $331.4M $412.9M $203.8M
YoY Change 79.23% 102.6% 2.1%
Interest Expense -$84.10M $90.36M $63.93M
YoY Change 28.01% 41.34% -2.98%
% of Operating Profit -25.38% 21.88% 31.37%
Other Income/Expense, Net $4.800M $4.324M $1.430M
YoY Change -44.19% 202.38% -85.87%
Pretax Income $252.1M $326.9M $141.3M
YoY Change 97.26% 131.31% -1.76%
Income Tax $75.50M $117.4M $49.88M
% Of Pretax Income 29.95% 35.9% 35.3%
Net Earnings $176.6M $209.5M $91.40M
YoY Change 53.83% 129.21% -10.3%
Net Earnings / Revenue 10.49% 11.25% 8.2%
Basic Earnings Per Share $0.66 $0.51
Diluted Earnings Per Share $559.0K $0.66 $0.51
COMMON SHARES
Basic Shares Outstanding 313.9M shares 314.8M shares 177.5M shares
Diluted Shares Outstanding 315.8M shares 177.8M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.00M $155.0M $91.00M
YoY Change -41.03% 70.33% -24.79%
Cash & Equivalents $46.00M $73.00M $17.00M
Short-Term Investments $82.00M $75.00M
Other Short-Term Assets $199.9M $113.0M $130.0M
YoY Change 77.52% -13.11% -61.99%
Inventory $268.0M $267.0M $238.0M
Prepaid Expenses
Receivables $792.8M $773.4M $494.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.227B $2.139B $1.327B
YoY Change 64.08% 61.14% 7.39%
LONG-TERM ASSETS
Property, Plant & Equipment $16.61B $16.30B $10.10B
YoY Change 59.62% 61.49% 8.35%
Goodwill $3.519B $3.518B $287.6M
YoY Change 1073.13% 1123.42%
Intangibles
YoY Change
Long-Term Investments $400.0M $394.0M $52.00M
YoY Change 18947.62% 657.69% 13.04%
Other Assets $327.8M $300.8M $168.0M
YoY Change 89.94% 79.03% -95.07%
Total Long-Term Assets $9.471B $9.315B $3.305B
YoY Change 143.68% 181.81% -74.69%
TOTAL ASSETS
Total Short-Term Assets $2.227B $2.139B $1.327B
Total Long-Term Assets $9.471B $9.315B $3.305B
Total Assets $28.30B $27.76B $14.73B
YoY Change 80.88% 88.46% 3.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $764.4M $542.7M $476.2M
YoY Change 20.7% 13.96% 5.59%
Accrued Expenses $77.00M
YoY Change -28.7%
Deferred Revenue
YoY Change
Short-Term Debt $1.120B $1.359B $30.00M
YoY Change 253.31% 4430.0% -80.77%
Long-Term Debt Due $763.3M $879.7M $334.3M
YoY Change 130.21% 163.14% 406.56%
Total Short-Term Liabilities $3.644B $3.801B $1.535B
YoY Change 87.08% 147.55% 45.25%
LONG-TERM LIABILITIES
Long-Term Debt $7.200B $6.733B $4.615B
YoY Change 56.02% 45.89% -5.49%
Other Long-Term Liabilities $967.6M $871.4M $671.0M
YoY Change 130.37% 29.86% -77.41%
Total Long-Term Liabilities $7.984B $7.791B $4.373B
YoY Change 64.95% 78.13% -44.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.644B $3.801B $1.535B
Total Long-Term Liabilities $7.984B $7.791B $4.373B
Total Liabilities $11.63B $11.59B $5.909B
YoY Change 71.3% 96.17% -43.51%
SHAREHOLDERS EQUITY
Retained Earnings $1.803B $1.736B $1.588B
YoY Change 9.13% 9.33%
Common Stock $1.663B $1.662B $980.1M
YoY Change 69.6% 69.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$338.6M -$340.7M -$348.8M
YoY Change -2.32% -2.32%
Treasury Stock Shares 18.46M shares 18.57M shares 19.01M shares
Shareholders Equity $9.237B $9.177B $3.956B
YoY Change
Total Liabilities & Shareholders Equity $28.30B $27.76B $14.73B
YoY Change 80.88% 88.46% 3.01%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $176.6M $209.5M $91.40M
YoY Change 53.83% 129.21% -10.3%
Depreciation, Depletion And Amortization $149.2M $231.3M $129.0M
YoY Change 87.91% 79.3% -29.0%
Cash From Operating Activities $365.2M $475.6M $201.7M
YoY Change 345.37% 135.8% -34.89%
INVESTING ACTIVITIES
Capital Expenditures -$390.5M -$391.4M -$280.6M
YoY Change 19.2% 39.49% 19.3%
Acquisitions
YoY Change
Other Investing Activities -$16.10M $19.80M -$1.600M
YoY Change -185.19% -1337.5% -76.12%
Cash From Investing Activities -$406.6M -$371.6M -$282.2M
YoY Change 31.71% 31.68% 16.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.70M -59.10M 82.00M
YoY Change -93.68% -172.07% -170.93%
NET CHANGE
Cash From Operating Activities 365.2M 475.6M 201.7M
Cash From Investing Activities -406.6M -371.6M -282.2M
Cash From Financing Activities 13.70M -59.10M 82.00M
Net Change In Cash -27.70M 44.90M 1.500M
YoY Change 177.0% 2893.33% -103.14%
FREE CASH FLOW
Cash From Operating Activities $365.2M $475.6M $201.7M
Capital Expenditures -$390.5M -$391.4M -$280.6M
Free Cash Flow $755.7M $867.0M $482.3M
YoY Change 84.5% 79.76% -11.5%

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CY2011Q3 us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
280000 USD
us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
411000 USD
us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
424000 USD
CY2012Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
1445000 USD
CY2011Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
975000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
4611000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease
2332000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1880000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1470000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5253000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4340000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
209806000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
80538000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
357706000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
269550000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
160209000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5849000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
133528000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-9423000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
6477000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-11844000 USD
us-gaap Provision For Doubtful Accounts
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24249000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
12435000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
186181000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
26236000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
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24245000 USD
us-gaap Pension And Other Postretirement Benefit Expense
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103106000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-9702000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-14802000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
27677000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-61657000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-32887000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4072000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-26302000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-109410000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-208308000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
66618000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
20145000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
9419000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
796005000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
888447000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1081750000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
749060000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
232911000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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116463000 USD
us-gaap Payments To Acquire Marketable Securities
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252762000 USD
us-gaap Payments To Acquire Marketable Securities
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118251000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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-40265000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-1061336000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-709856000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
267356000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
145865000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5149000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4169000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
654250000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-237000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
300000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
382000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
95225000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
51198000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
13262000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4947000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
332221000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-185265000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
66890000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6674000 USD
CY2010Q4 us-gaap Cash
Cash
23395000 USD
CY2011Q3 us-gaap Cash
Cash
16721000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
46841000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
267561000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
124086000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
-237123000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
-159220000 USD
us-gaap Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
7907000 USD
us-gaap Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
33767000 USD
nu Description Of Consolidation Of Yankee Cos
DescriptionOfConsolidationOfYankeeCos
On April 10, 2012, upon consummation of the merger with NSTAR, NSTAR Electric's ownership in CYAPC and YAEC combined with CL&P's, PSNH's and WMECO's respective ownership interests in CYAPC and YAEC totaled greater than 50 percent, requiring NU to consolidate CYAPC and YAEC. The investment in CYAPC and YAEC had previously been accounted for under the equity method by NU. The consolidation of CYAPC and YAEC results in NU recording nuclear decommissioning trust marketable securities of $324.9 million, regulatory assets of $212.9 million, long-term debt associated with the long-term fuel disposal liabilities of $179.5 million, net accumulated deferred income tax liability of $58.8 million and asset retirement obligations related to decommissioning activity of $292.9 million as of September 30, 2012. At the NU consolidated level, intercompany transactions between CL&P, NSTAR Electric, PSNH and WMECO and CYAPC and YAEC have been eliminated in consolidation. For CL&P, NSTAR Electric, PSNH and WMECO, the investment in CYAPC and YAEC continue to be accounted for under the equity method.
CY2011Q3 nu Reclassification Of Transmission Expense
ReclassificationOfTransmissionExpense
6300000 USD
nu Reclassification Of Transmission Expense
ReclassificationOfTransmissionExpense
71100000 USD
CY2011Q3 nu Reclassification Of Energy Efficiency Expense
ReclassificationOfEnergyEfficiencyExpense
35300000 USD
nu Reclassification Of Energy Efficiency Expense
ReclassificationOfEnergyEfficiencyExpense
99700000 USD
nu Scheduleofreclassificationadjustments
Scheduleofreclassificationadjustments
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 10px"><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="5" style="width: 223px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:223px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Transmission Expense</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="5" 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;">Energy Efficiency Expense</font></td></tr><tr style="height: 10px"><td style="width: 87px; text-align:left;border-color:#000000;min-width:87px;">&#160;</td><td style="width: 10px; 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border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">September 30, 2011</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 115px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:115px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">September 30, 2011</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" 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;">September 30, 2011</font></td></tr><tr style="height: 10px"><td style="width: 87px; 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text-align:left;border-color:#000000;min-width:87px;"><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: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">2.1</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: 88px; text-align:right;border-color:#000000;min-width:88px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">12.4</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 106px; text-align:right;border-color:#000000;min-width:106px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">6.1</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: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">16.5</font></td></tr></table></div>
CY2012Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10300000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17900000 USD
nu Description Of Change In Estimate
DescriptionOfChangeInEstimate
Effective January&#160;1, 2012, NSTAR Electric increased its estimates with respect to the allowance for doubtful accounts, incurred but not reported claims on medical benefits, general and workers' compensation liabilities and various compensation accruals. The total aggregate impact of these increases in estimates to NSTAR Electric's accompanying unaudited condensed consolidated statements was $11.4 million, after-tax, for the first quarter and first nine months of 2012.
CY2012Q3 nu Cash Collateral Posted
CashCollateralPosted
19900000 USD
CY2011Q4 nu Cash Collateral Posted
CashCollateralPosted
10900000 USD
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
34900000 USD
CY2012Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
91700000 USD
CY2012Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
36400000 USD
CY2011Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
35000000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
102000000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
105800000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
139900000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
121700000 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 nu Business Acquisition Share Price
BusinessAcquisitionSharePrice
36.79
CY2012Q2 us-gaap Business Acquisition Cost Of Acquired Entity Equity Interests Issued And Issuable
BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable
5005000000 USD
CY2012Q2 us-gaap Business Acquisition Cost Of Acquired Entity Other Noncash Consideration
BusinessAcquisitionCostOfAcquiredEntityOtherNoncashConsideration
33000000 USD
CY2012Q2 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
5038000000 USD
CY2012Q2 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
1.00 pure
nu Business Acquisition Number Of Shares Awards Vested Immediately Prior To Merger
BusinessAcquisitionNumberOfSharesAwardsVestedImmediatelyPriorToMerger
109000 shares
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Current Assets
BusinessAcquisitionPurchasePriceAllocationCurrentAssets
754000000 USD
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Property Plant And Equipment
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment
5155000000 USD
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
3231000000 USD
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Assets
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentAssets
2115000000 USD
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Current Liabilities
BusinessAcquisitionPurchasePriceAllocationCurrentLiabilities
1332000000 USD
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Liabilities
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentLiabilities
2723000000 USD
CY2012Q3 us-gaap Business Acquisition Purchase Price Allocation Noncurrent Liabilities Long Term Debt
BusinessAcquisitionPurchasePriceAllocationNoncurrentLiabilitiesLongTermDebt
2123000000 USD
CY2012Q3 nu Business Aquisition Purchase Price Allocation Preferred Stock
BusinessAquisitionPurchasePriceAllocationPreferredStock
39000000 USD
CY2012Q3 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
5038000000 USD
CY2012Q3 us-gaap Business Combination Goodwill Recognized Segment Allocation
BusinessCombinationGoodwillRecognizedSegmentAllocation
Goodwill Allocation: NU's reporting units consist of the combined Electric Distribution, Electric Transmission and Natural Gas Distribution. The preliminary estimate of goodwill from the merger with NSTAR of $3.2 billion has been assigned to NU's reporting units based on relative fair values. As of September 30, 2012, the preliminary allocation of goodwill to each reporting unit was $2.3 billion to Electric Distribution, $0.7 billion to Electric Transmission and $0.5 billion to Natural Gas Distribution, including $0.3 billion of pre-existing goodwill applicable to Yankee Gas. NU's reporting units are consistent with its reportable business segments.
CY2012Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1862000000 USD
CY2012Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
208000000 USD
CY2011Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.61
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.45
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.44
CY2011Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1883000000 USD
CY2011Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
190000000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5321000000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
455000000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5637000000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
518000000 USD
CY2012Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.66
CY2012Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.66
CY2011Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.60
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.65
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.64
CY2012Q3 nu Businesscombinationaftertaxtransactioncosts
Businesscombinationaftertaxtransactioncosts
1000000 USD
CY2012Q3 nu Aftertaxsettlementcostsincurred
Aftertaxsettlementcostsincurred
0 USD
CY2012Q3 nu Aftertaxcostsincurredinconnectionwithmerger
Aftertaxcostsincurredinconnectionwithmerger
1000000 USD
CY2011Q3 nu Businesscombinationaftertaxtransactioncosts
Businesscombinationaftertaxtransactioncosts
1000000 USD
CY2011Q3 nu Aftertaxsettlementcostsincurred
Aftertaxsettlementcostsincurred
0 USD
CY2011Q3 nu Aftertaxcostsincurredinconnectionwithmerger
Aftertaxcostsincurredinconnectionwithmerger
1000000 USD
nu Businesscombinationaftertaxtransactioncosts
Businesscombinationaftertaxtransactioncosts
31000000 USD
nu Aftertaxsettlementcostsincurred
Aftertaxsettlementcostsincurred
60000000 USD
nu Aftertaxcostsincurredinconnectionwithmerger
Aftertaxcostsincurredinconnectionwithmerger
91000000 USD
nu Businesscombinationaftertaxtransactioncosts
Businesscombinationaftertaxtransactioncosts
17000000 USD
nu Aftertaxsettlementcostsincurred
Aftertaxsettlementcostsincurred
0 USD
nu Aftertaxcostsincurredinconnectionwithmerger
Aftertaxcostsincurredinconnectionwithmerger
17000000 USD
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 related to the merger. On April 4, 2012, the DPU approved the settlement agreements and the merger of NU and NSTAR. On March&#160;13, 2012, NU and NSTAR reached a comprehensive settlement agreement with both the Connecticut Attorney General and the Connecticut Office of Consumer Counsel. On April 2, 2012, the PURA approved the settlement agreement and the merger of NU and NSTAR. The settlement agreements included base distribution rate freezes until December 1, 2014 for CL&P and through 2015 for NSTAR Electric, NSTAR Gas and WMECO.
nu Customerratecreditsforbusinesscombination
Customerratecreditsforbusinesscombination
46000000 USD
nu Stormcostdeferralreduction
Stormcostdeferralreduction
40000000 USD
nu Energyefficiencyfundestablishment
Energyefficiencyfundestablishment
15000000 USD
nu Totalimpactofsettlementagreements
Totalimpactofsettlementagreements
101000000 USD
CY2011Q4 us-gaap Regulatory Assets
RegulatoryAssets
3522800000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
3155700000 USD
CY2012Q3 us-gaap Regulatory Assets
RegulatoryAssets
5655600000 USD
us-gaap Description Of Regulatory Costs Not Yet Approved
DescriptionOfRegulatoryCostsNotYetApproved
Regulatory Costs Not Yet Approved: Additionally, the Regulated companies had $57 million ($4.1 million for CL&P, $24.4 million for NSTAR Electric, $23.4 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 September&#160;30, 2012 and December&#160;31, 2011, respectively, which were included in Other Long-Term Assets on the accompanying unaudited condensed consolidated balance sheets. For comparative purposes, NSTAR Electric had $9.5 million of such regulatory costs as of December 31, 2011. These amounts represent incurred costs that have not yet been approved for recovery by the applicable regulatory agency. Management believes it is probable that these costs will be recovered in future cost-of-service regulated rates.
CY2012Q3 us-gaap Regulatory Liabilities
RegulatoryLiabilities
788200000 USD
CY2011Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
433900000 USD
CY2012Q3 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
11275000000 USD
CY2012Q3 nu Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
2198400000 USD
CY2012Q3 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
5127300000 USD
CY2012Q3 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
1147300000 USD
CY2012Q3 nu Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
19748000000 USD
CY2012Q3 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
20180900000 USD
CY2012Q3 nu Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
4990400000 USD
CY2012Q3 nu Other Accumulated Depreciation
OtherAccumulatedDepreciation
166600000 USD
CY2012Q3 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
5157000000 USD
CY2012Q3 nu Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
15023900000 USD
CY2012Q3 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
1279900000 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 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 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
CY2012Q3 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
432900000 USD
CY2011Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
305100000 USD
CY2012Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
15800000 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
us-gaap Description Of Derivative Activity Volume
DescriptionOfDerivativeActivityVolume
NU also has NYMEX future contracts in order to reduce variability associated with the purchase price of approximately 9.1 million MMBtu of natural gas.
CY2012Q3 nu Current Derivative Assets Consolidated
CurrentDerivativeAssetsConsolidated
13300000 USD
CY2011Q4 nu Current Derivative Assets Consolidated
CurrentDerivativeAssetsConsolidated
11000000 USD
nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
2500000 USD
nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
7900000 USD
us-gaap Description Of Cash Flow Hedge Activity
DescriptionOfCashFlowHedgeActivity
In 2011, PSNH and WMECO settled interest rate swaps associated with $280 million and $50 million, respectively, of long-term debt issuances and as a result PSNH and WMECO recorded pre-tax reductions of $18.2 million and $6.9 million, respectively, to AOCI that are being amortized over the remaining lives of the associated debt.
CY2012Q3 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
900000 USD
us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
2400000 USD
CY2011Q3 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
400000 USD
us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
600000 USD
CY2011Q3 nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
2500000 USD
CY2012Q3 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
1300000 USD
CY2012Q3 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
15700000 USD
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></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></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; 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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></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;">$41 - $90 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 - 2028</font></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></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;">Capacity Prices:</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;">&#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></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;">$1.40 - $10.53 per kW-Month</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;">2016 - 2028</font></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;">$1.40 - $9.51 per kW-Month</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;">2016 - 2026</font></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;"> NSTAR Electric</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;">$1.40 - $10.18 per kW-Month</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;">2016 - 2027</font></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;">$1.40 - $10.53 per kW-Month</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;">2016 - 2028</font></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></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;">Forward Reserve:</font></td><td style="width: 10px; 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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
7200000 USD
nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-30100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
56000000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
902300000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
916100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
16100000 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 Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1000000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
962200000 USD
CY2011Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
886200000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
300000 USD
CY2011Q3 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-47900000 USD
CY2011Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
17700000 USD
CY2012Q3 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
8500000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-200000 USD
CY2012Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
21500000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
32200000 USD
CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
840200000 USD
CY2012Q3 nu Derivative Liability Recorded At Merger Date
DerivativeLiabilityRecordedAtMergerDate
5400000 USD
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 colspan="5" style="width: 198px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:198px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">For the Three Months Ended</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td colspan="5" style="width: 198px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:198px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">For the Nine Months Ended</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; 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border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;">&#160;</td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> 7.9</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> 2.1</font><sup></sup></td></tr><tr style="height: 11px"><td colspan="2" style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Fair Value as of End of Period</font></td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 55px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:55px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> (890.9)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> (13.8)</font><sup></sup></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> (3.7)</font></td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> (891.1)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 8pt;COLOR: #000000;"> (1.6)</font><sup></sup></td></tr></table></div>
CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
932100000 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
CY2012Q3 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
45700000 USD
CY2011Q4 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
41100000 USD
CY2012Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
1900000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss
FairValueOptionChangesInFairValueGainLoss
4600000 USD
CY2012Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
475800000 USD
CY2011Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
131300000 USD
nu Working Capital Discussion
WorkingCapitalDiscussion
NU, CL&P, NSTAR Electric, PSNH and WMECO use their available capital resources to fund their respective construction expenditures, meet debt requirements, to pay costs, including storm-related costs, and dividends and to fund other corporate obligations, such as pension contributions. The current growth in NU&#8217;s transmission construction expenditures utilizes a significant amount of cash for projects that have a long-term return on investment and recovery period. In addition, NU&#8217;s Regulated companies operate in an environment where recovery of its electric and gas distribution construction expenditures takes place over an extended period of time. This impacts the timing of the revenue stream designed to fully recover the total investment plus a return on the equity portion of the cost and related financing costs. These factors have resulted in NU&#8217;s current liabilities exceeding current assets by approximately $1.7 billion, $558 million, $111 million and $217 million at NU, CL&P, NSTAR Electric and WMECO, respectively, as of September 30, 2012.As of September 30, 2012, approximately $880 million of NU's current liabilities relates to long-term debt that will be paid in the next 12 months. NU, with credit ratings among the highest in the industry, has several options available in the financial markets to repay or refinance these maturities with the issuance of new long-term debt. NU, CL&P, NSTAR Electric, and WMECO will reduce their short-term borrowings with cash received from operating cash flows or with the issuance of new long-term debt, as deemed appropriate given capital requirements and maintenance of NU's credit rating and profile. Management expects the future operating cash flows of NU and its subsidiaries, along with the access to financial markets, will be sufficient to meet any future operating requirements and capital investment forecasted opportunities
us-gaap Long Term Debt Description
LongTermDebtDescription
8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;LONG-TERM DEBT (NU, CL&P, NSTAR Electric, WMECO) On March 22, 2012, NU parent issued $300 million of floating rate Series D Senior Notes with a maturity date of September 20, 2013. The notes have a coupon rate based on the three-month LIBOR rate plus a credit spread of 0.75 percent and will reset quarterly. The notes had an interest rate of 1.13 percent as of September&#160;30, 2012. The proceeds, net of issuance expenses, were used to repay at maturity the NU parent $263 million Series&#160;A Senior Notes that matured on April&#160;1, 2012, to repay short-term borrowings outstanding under the NU parent Credit Agreement and for other general corporate purposes. The indenture under which the bonds were issued requires NU to comply with certain covenants as are customarily included in such indentures. On April 2, 2012, CL&P remarketed $62 million of tax-exempt PCRBs for a three-year period. 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 parent repaid its $263 million 7.25 percent Series A Senior Notes that matured on April&#160;1, 2012 with the proceeds from the issuance of floating rate Series D Senior Notes issued on March&#160;22, 2012. In addition, as a result of consolidating CYAPC and YAEC, NU has consolidated $179.5 million in additional spent nuclear fuel obligations as of September 30, 2012. The spent nuclear fuel obligation is payable to the DOE at any time prior to the first delivery to the DOE of spent nuclear fuel and radio-active waste used to generate electricity prior to April 7, 1983. Until payment is made to the DOE, the outstanding liability will continue to accrue interest at the 3-month Treasury bill yield rate. NU, including CL&P, NSTAR Electric, PSNH and WMECO, was in compliance with all its debt covenants as of September&#160;30, 2012. On October 1, 2012, CL&P redeemed at par four different series of tax-exempt PCRBs totaling $116.4 million. The PCRBs carried coupons that ranged from 5.85 percent to 5.95 percent and maturities that ranged from 2016 through 2028. On October 1, 2012, WMECO redeemed at par $53.8 million of tax-exempt PCRBs. The PCRBs had a maturity date of 2028 and a coupon of 5.85 percent. On October 4, 2012, WMECO issued at a premium $150 million of senior unsecured notes at a yield of 2.673 percent that will mature on September 15, 2021. The senior unsecured notes are part of the same series of WMECO&#8217;s existing 3.5 percent coupon Series F Notes that were initially issued in September 2011. As a result, the aggregate principal amount of WMECO&#8217;s outstanding Series F Notes totaled $250 million. On October 15, 2012, NSTAR Electric issued at a discount $400 million of 2.375 percent Debentures at a yield of 2.406 percent that will mature on October 15, 2022. The proceeds were used to pay $400 million of 4.875 percent Debentures that matured on October 15, 2012. On October 4, 2012, WMECO issued at a premium $150 million of senior unsecured notes at a yield of 2.673 percent that will mature on September 15, 2021. The senior unsecured notes are part of the same series of WMECO&#8217;s existing 3.5 percent coupon Series F Notes that were initially issued in September 2011. As a result, the aggregate principal amount of WMECO&#8217;s outstanding Series F Notes totaled $250 million.
us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYearDescription
Contributions: NU&#8217;s policy is to annually fund the Pension Plans in an amount at least equal to an amount that will satisfy the requirements of ERISA, as amended by the PPA of 2006, and the Internal Revenue Code. Based on the current status of the NUSCO Pension Plan, NU is required to make a contribution to the NUSCO Pension Plan of $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 $35.2 million and $162.3 million ($87.7 million of which was contributed by PSNH in the first quarter of 2012) for the three and nine months ended September 30, 2012, respectively. NSTAR Electric made contributions to the NSTAR Electric Pension Plan of $18.7 million and $25 million for the three and nine months ended September 30, 2012. NSTAR Electric does not anticipate additional contributions to the pension plan for the remainder of 2012. The actual level of funding may differ from this estimate.
us-gaap Defined Benefit Plan Description Of Settlements And Curtailments
DefinedBenefitPlanDescriptionOfSettlementsAndCurtailments
Curtailment Expense (SERP): NU recorded curtailment expense of $1.8 million for the NUSCO SERP for the nine months ended September 30, 2012 to reflect charges related to organization changes that occurred as a result of the merger.
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
1800000 USD
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Options Converted Nstar Options Upon Merger
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsConvertedNstarOptionsUponMerger
2664894 shares
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Options Converted Nstar Options Upon Merger Total Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsConvertedNstarOptionsUponMergerTotalValue
30.5 USD
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nstar Deferred And Performance Awards Converted Upon Merger
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNstarDeferredAndPerformanceAwardsConvertedUponMerger
421775 shares
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nstar Deferred And Performance Awards Converted To Nu Rsus Upon Merger Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNstarDeferredAndPerformanceAwardsConvertedToNuRsusUponMergerValue
15.5 USD
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nstar Rsu Retention Awards Converted To Nu Rsus Upon Merger
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNstarRsuRetentionAwardsConvertedToNuRsusUponMerger
195619 shares
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nstar Rsu Retention Awards Converted To Nu Rsu Retention Awards Upon Merger Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNstarRsuRetentionAwardsConvertedToNuRsuRetentionAwardsUponMergerValue
7.2 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-405551 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2306717 shares
CY2011 nu Espp Discounted Purchase Price Second Six Months
EsppDiscountedPurchasePriceSecondSixMonths
32.30 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4500000 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2501295 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2685615 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
4.8 USD
CY2011Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
3.2 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
21.6 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
9.3 USD
CY2012Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1.9 USD
CY2011Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1.3 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8.7 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3.7 USD
CY2012Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
30.3 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition
2.08 pure
CY2012Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
4.4 pure
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3.9 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1.4 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
47374 shares
CY2011 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
18.58
CY2011 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
18.90
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
18.45
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
28.12
nu Share Base Compensation Converted Nstar Options Exercise Price Range Lower Range Limit
ShareBaseCompensationConvertedNstarOptionsExercisePriceRangeLowerRangeLimit
0
nu Share Base Compensation Converted Nstar Options Exercise Price Range Upper Range Limit
ShareBaseCompensationConvertedNstarOptionsExercisePriceRangeUpperRangeLimit
0
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Options Converted Nstar Options Upon Merger Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsConvertedNstarOptionsUponMergerWeightedAverageExercisePrice
23.99
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.78
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.92
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
5.3 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
34.0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
34100000 USD
CY2011 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
35476 shares
nu Espp Discounted Purchase Price First Six Months
EsppDiscountedPurchasePriceFirstSixMonths
33.01 USD
nu Espp Discounted Purchase Price First Six Months
EsppDiscountedPurchasePriceFirstSixMonths
31.27 USD
CY2012Q3 nu Employee Stock Purchase Plan Shares Remaining For Future Issuance
EmployeeStockPurchasePlanSharesRemainingForFutureIssuance
857280 shares
CY2011Q4 nu Employee Stock Purchase Plan Shares Remaining For Future Issuance
EmployeeStockPurchasePlanSharesRemainingForFutureIssuance
896702 shares
us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
2.1 USD
us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
9.6 USD
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
39422 shares
nu Espp Discounted Purchase Price Second Six Months
EsppDiscountedPurchasePriceSecondSixMonths
37.89 USD
CY2012Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
38600000 USD
CY2011 nu Environmental Site Quantity
EnvironmentalSiteQuantity
59 pure
CY2011Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
31700000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
12200000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
48300000 USD
nu Environmental Site Quantity
EnvironmentalSiteQuantity
83 pure
nu Cumulative Payments Environmental Loss Contingencies
CumulativePaymentsEnvironmentalLossContingencies
17400000 USD
nu Cumulative Environmental Remediation Expense
CumulativeEnvironmentalRemediationExpense
19.5 USD
CY2012Q3 us-gaap Site Contingency Accrual Undiscounted Amount
SiteContingencyAccrualUndiscountedAmount
2100000 USD
CY2012Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
84300000 USD
CY2012Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
188600000 USD
CY2012Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
182500000 USD
CY2012Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
159700000 USD
CY2012Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
95300000 USD
CY2012Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
391700000 USD
us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
1102100000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
3200000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
11500000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
8400000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
7300000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
5700000 USD
CY2012Q3 nu Court Of Federal Claims Ruling To Cyapc
CourtOfFederalClaimsRulingToCyapc
34200000 USD
CY2012Q3 nu Court Of Federal Claims Ruling To Yaec
CourtOfFederalClaimsRulingToYaec
32900000 USD
CY2012Q3 nu Court Of Federal Claims Ruling Myapc
CourtOfFederalClaimsRulingMyapc
75800000 USD
CY2012Q3 nu Trial Court Ruling To Cyapc
TrialCourtRulingToCyapc
39700000 USD
CY2012Q3 nu Trial Court Ruling To Yaec
TrialCourtRulingToYaec
21200000 USD
CY2012Q3 nu Trial Court Ruling To Myapc
TrialCourtRulingToMyapc
81700000 USD
CY2012Q3 nu Court Of Federal Appeals Ruling Increase To Yaec Damages
CourtOfFederalAppealsRulingIncreaseToYaecDamages
17000000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5688 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
999355 shares
CY2012Q3 nu Cumulative Costs Associated With Cpsl Program At Nstar Electric
CumulativeCostsAssociatedWithCpslProgramAtNstarElectric
95000000 USD
CY2012Q3 nu Cpsl Annual Revenue Per Annum From Comprehensive Settlement Agreement
CpslAnnualRevenuePerAnnumFromComprehensiveSettlementAgreement
15000000 USD
CY2012Q3 nu Deferred Costs Associated With Bad Debt Adder At Nstar Electric
DeferredCostsAssociatedWithBadDebtAdderAtNstarElectric
34000000 USD
CY2012Q3 nu Before Tax Reserve For Bad Debt Service Adder
BeforeTaxReserveForBadDebtServiceAdder
28000000 USD
CY2012Q3 nu After Tax Bad Debt Service Adder Reserve
AfterTaxBadDebtServiceAdderReserve
17000000 USD
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
196052770 shares
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
332471514 shares
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
18568240 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
18894078 shares
nu Contributions To Northern Pass Trans
ContributionsToNorthernPassTrans
900000 USD
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
337486 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
716741 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
303213 shares
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2012Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
231300000 USD
CY2012Q3 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
1217300000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
546800000 USD
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
3256200000 USD
CY2011Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
129000000 USD
CY2011Q3 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
782100000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
361400000 USD
us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
2426900000 USD
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Entity Registrant Name
EntityRegistrantName
NORTHEAST UTILITIES
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0000072741
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
313943203 shares
CY2012Q3 dei Entity Public Float
EntityPublicFloat
12000522165 USD
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer

Files In Submission

Name View Source Status
0000072741-12-000080-index-headers.html Edgar Link pending
0000072741-12-000080-index.html Edgar Link pending
0000072741-12-000080.txt Edgar Link pending
0000072741-12-000080-xbrl.zip Edgar Link pending
exh12clp.htm Edgar Link pending
exh12nstarelectric.htm Edgar Link pending
exh12nu.htm Edgar Link pending
exh12psnh.htm Edgar Link pending
exh12wmeco.htm Edgar Link pending
exh311nu.htm Edgar Link pending
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exhibit311clp.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
formdealeragreement.htm Edgar Link pending
nstarcreditagreement2012.htm Edgar Link pending
nu-20120930.xml Edgar Link completed
nu-20120930.xsd Edgar Link pending
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nucreditagreement2012.htm Edgar Link pending
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