2012 Q3 Form 10-K Financial Statement

#000007274113000015 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2012
Revenue $1.862B $1.629B $6.274B
YoY Change 66.97% 55.48% 40.49%
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 $231.3M $144.5M $740.8M
YoY Change 79.3% 33.78% 59.93%
% of Gross Profit
Operating Expenses $1.449B $1.469B $5.156B
YoY Change 59.0% 69.0% 40.42%
Operating Profit $412.9M $159.5M $1.118B
YoY Change 102.6% -10.44% 40.8%
Interest Expense $90.36M -$89.00M $329.9M
YoY Change 41.34% -243.01% 31.75%
% of Operating Profit 21.88% -55.8% 29.51%
Other Income/Expense, Net $4.324M $1.806M $19.74M
YoY Change 202.38% -75.37% -28.77%
Pretax Income $326.9M $72.30M $808.0M
YoY Change 131.31% -41.33% 41.39%
Income Tax $117.4M $26.06M $274.9M
% Of Pretax Income 35.9% 36.04% 34.03%
Net Earnings $209.5M $46.20M $533.1M
YoY Change 129.21% -41.3% 33.1%
Net Earnings / Revenue 11.25% 2.84% 8.5%
Basic Earnings Per Share $0.66 $0.15 $1.90
Diluted Earnings Per Share $0.66 $0.15 $1.89
COMMON SHARES
Basic Shares Outstanding 314.8M shares 301.0M shares 277.2M shares
Diluted Shares Outstanding 315.8M shares 301.8M shares 278.0M shares

Balance Sheet

Concept 2012 Q3 2012 Q2 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.0M $108.0M $46.00M
YoY Change 70.33% 20.0% -41.03%
Cash & Equivalents $73.00M $28.00M $46.00M
Short-Term Investments $82.00M $79.00M
Other Short-Term Assets $113.0M $922.0M $1.121B
YoY Change -13.11% 815.02% 106.45%
Inventory $267.0M $263.0M $268.0M
Prepaid Expenses
Receivables $773.4M $662.0M $793.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.139B $1.954B $2.227B
YoY Change 61.14% 46.05% 64.11%
LONG-TERM ASSETS
Property, Plant & Equipment $16.30B $16.06B $16.61B
YoY Change 61.49% 62.76% 59.62%
Goodwill $3.518B
YoY Change 1123.42%
Intangibles
YoY Change
Long-Term Investments $394.0M $372.0M $400.0M
YoY Change 657.69% 541.38% 566.67%
Other Assets $300.8M $5.607B $5.551B
YoY Change 79.03% 3585.74% 56.85%
Total Long-Term Assets $9.315B $25.55B $26.08B
YoY Change 181.81% 688.47% 82.48%
TOTAL ASSETS
Total Short-Term Assets $2.139B $1.954B $2.227B
Total Long-Term Assets $9.315B $25.55B $26.08B
Total Assets $27.76B $27.51B $28.30B
YoY Change 88.46% 90.45% 80.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $542.7M $601.0M $764.0M
YoY Change 13.96% 60.78% 20.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.359B $1.249B $1.120B
YoY Change 4430.0% 811.68% 253.31%
Long-Term Debt Due $879.7M $683.0M $763.0M
YoY Change 163.14% 102.68% 129.82%
Total Short-Term Liabilities $3.801B $3.490B $3.644B
YoY Change 147.55% 136.45% 87.06%
LONG-TERM LIABILITIES
Long-Term Debt $6.733B $7.097B $7.282B
YoY Change 45.89% 62.92% 54.05%
Other Long-Term Liabilities $871.4M $4.447B $4.521B
YoY Change 29.86% 538.9% 52.12%
Total Long-Term Liabilities $7.791B $11.54B $11.80B
YoY Change 78.13% 160.6% 53.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.801B $3.490B $3.644B
Total Long-Term Liabilities $7.791B $11.54B $11.80B
Total Liabilities $11.59B $18.28B $18.91B
YoY Change 96.17% 209.57% 64.18%
SHAREHOLDERS EQUITY
Retained Earnings $1.736B
YoY Change 9.33%
Common Stock $1.662B
YoY Change 69.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$340.7M
YoY Change -2.32%
Treasury Stock Shares 18.57M shares
Shareholders Equity $9.177B $9.223B $9.393B
YoY Change
Total Liabilities & Shareholders Equity $27.76B $27.51B $28.30B
YoY Change 88.46% 90.45% 80.88%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2012
OPERATING ACTIVITIES
Net Income $209.5M $46.20M $533.1M
YoY Change 129.21% -41.3% 33.1%
Depreciation, Depletion And Amortization $231.3M $144.5M $740.8M
YoY Change 79.3% 33.78% 59.93%
Cash From Operating Activities $475.6M $311.6M $1.161B
YoY Change 135.8% -0.73% 19.67%
INVESTING ACTIVITIES
Capital Expenditures -$391.4M -$386.1M $1.472B
YoY Change 39.49% 66.57% 36.74%
Acquisitions
YoY Change
Other Investing Activities $19.80M -$1.200M -$35.68M
YoY Change -1337.5% -102.92% -41.19%
Cash From Investing Activities -$371.6M -$387.2M -$1.468B
YoY Change 31.68% 102.94% 44.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $839.1M
YoY Change 127.05%
Cash From Financing Activities -59.10M -179.2M $345.9M
YoY Change -172.07% 45.22% 1002.77%
NET CHANGE
Cash From Operating Activities 475.6M 311.6M $1.161B
Cash From Investing Activities -371.6M -387.2M -$1.468B
Cash From Financing Activities -59.10M -179.2M $345.9M
Net Change In Cash 44.90M -254.8M $39.19M
YoY Change 2893.33% 84833.33% -332.77%
FREE CASH FLOW
Cash From Operating Activities $475.6M $311.6M $1.161B
Capital Expenditures -$391.4M -$386.1M $1.472B
Free Cash Flow $867.0M $697.7M -$311.0M
YoY Change 79.76% 27.85% 192.49%

Facts In Submission

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OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
506000 USD
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
402000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4356000 USD
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13645000 USD
CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-505000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5820000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
36275000 USD
CY2010 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
31352000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-38126000 USD
CY2012 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
5450000 USD
CY2010 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
82103000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-128339000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-44355000 USD
CY2012 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-8532000 USD
CY2010 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-17466000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1161229000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1093463000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1472272000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
954472000 USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
317294000 USD
CY2010 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
174865000 USD
CY2012 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
348629000 USD
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-35683000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1467924000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
196761000 USD
CY2010 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
180542000 USD
CY2010 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5559000 USD
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
114433000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
6529000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
345884000 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
39189000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
16420000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
191101000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
133000000 USD
CY2011 us-gaap Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
70863000 USD
CY2011 us-gaap Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
35441000 USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-29751000 USD
CY2011 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-17570000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
11033000 USD
CY2011 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-49642000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
18916000 USD
CY2011 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-12569000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
970386000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1076730000 USD
CY2011 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
149441000 USD
CY2011 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
151972000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
46841000 USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-13833000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1018587000 USD
CY2010 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
166687000 USD
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
145000000 USD
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
69312000 USD
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
369586000 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-7123000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31365000 USD
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-16836000 USD
CY2010 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
177204000 USD
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1157000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-957968000 USD
CY2009Q4 us-gaap Cash
Cash
26952000 USD
CY2010Q4 us-gaap Cash
Cash
23395000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
375047000 USD
CY2012 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
7029000 USD
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
825000000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
850000000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
194555000 USD
CY2011 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5559000 USD
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
50000000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
627500000 USD
CY2010 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4286000 USD
CY2010 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
260864000 USD
CY2010 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
512000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-139052000 USD
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3557000 USD
CY2012 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
295028000 USD
CY2010 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
90633000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3300000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17900000 USD
CY2012Q4 nu Cash Collateral Deposited
CashCollateralDeposited
14600000 USD
CY2011Q4 nu Cash Collateral Deposited
CashCollateralDeposited
10900000 USD
CY2012Q4 nu Rate Reduction Bond Deposits
RateReductionBondDeposits
69400000 USD
CY2012 nu Description Of Consolidation Of Yankee Companies
DescriptionOfConsolidationOfYankeeCompanies
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 from April 10, 2012 and forward. 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 $340.4 million, regulatory assets of $214 million, long-term debt associated with the long-term spent nuclear fuel disposal liabilities of $179.3 million, net accumulated deferred income tax liability of $56.4 million and asset retirement obligations related to decommissioning activity of $311.4 million as of December 31, 2012. At the NU consolidated level, intercompany transactions between CL&P, NSTAR Electric, PSNH and WMECO and the CYAPC and YAEC companies 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. See Note 1J, "Summary of Significant Accounting Policies – Equity Method Investments," for further information.
CY2012 us-gaap Immaterial Error Correction
ImmaterialErrorCorrection
The NSTAR Electric consolidated statements of cash flows were revised to correct an error in the presentation of cash deposits related to the RRBs.The impact of this revision was an increase in investing cash inflows from Other Investing Activities in an amount of $1.7 million and $24.1 million and a corresponding increase to financing cash outflows from Retirements ofRate Reduction Bonds for the years ended December 31, 2011 and 2010, respectively. These revisions had no impact on NSTAR Electric’s results of operations or cash balance and are not deemed material, individually orin the aggregate, to the previously issued consolidated financial statements.
CY2011 nu Reclassification Of Transmission Expense
ReclassificationOfTransmissionExpense
77200000 USD
CY2010 nu Reclassification Of Transmission Expense
ReclassificationOfTransmissionExpense
48900000 USD
CY2011 nu Reclassification Of Energy Expense
ReclassificationOfEnergyExpense
131400000 USD
CY2010 nu Reclassification Of Energy Expense
ReclassificationOfEnergyExpense
124000000 USD
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
115700000 USD
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
165500000 USD
CY2011Q4 nu Rate Reduction Bond Deposits
RateReductionBondDeposits
29500000 USD
CY2012 nu Fuel Power Costs
FuelPowerCosts
346800000 USD
CY2011 nu Fuel Power Costs
FuelPowerCosts
307900000 USD
CY2010 nu Fuel Power Costs
FuelPowerCosts
391600000 USD
CY2012 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-5300000 USD
CY2012 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
6800000 USD
CY2012 nu Public Utilities Allowance For Funds Used During Construction Capitalized Total
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedTotal
12100000 USD
CY2011 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-11800000 USD
CY2011 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
22500000 USD
CY2011 nu Public Utilities Allowance For Funds Used During Construction Capitalized Total
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedTotal
34300000 USD
CY2010 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
-10200000 USD
CY2010 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
16700000 USD
CY2010 nu Public Utilities Allowance For Funds Used During Construction Capitalized Total
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedTotal
26900000 USD
CY2012 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.037 pure
CY2011 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.073 pure
CY2010 us-gaap Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
0.071 pure
CY2012 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
135000000 USD
CY2011 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
137800000 USD
CY2010 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
143700000 USD
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Liabilities
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentLiabilities
2700000000 USD
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Noncurrent Liabilities Long Term Debt
BusinessAcquisitionPurchasePriceAllocationNoncurrentLiabilitiesLongTermDebt
2100000000 USD
CY2012Q4 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
5000000000 USD
CY2012 nu Generation Average Depreciable Lives
GenerationAverageDepreciableLives
32.7 pure
CY2012 nu Other Average Depreciable Lives
OtherAverageDepreciableLives
16.7 pure
CY2012 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
160600000 USD
CY2011 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
168500000 USD
CY2010 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
127900000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
356500000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
256300000 USD
CY2010 us-gaap Interest Paid Net
InterestPaidNet
258300000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
84500000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-76600000 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-12800000 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 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
CY2012Q2 nu Business Acquisition Number Of Shares Awarded Vested Immediately Prior To Merger
BusinessAcquisitionNumberOfSharesAwardedVestedImmediatelyPriorToMerger
109000 shares
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Current Assets
BusinessAcquisitionPurchasePriceAllocationCurrentAssets
700000000 USD
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Property Plant And Equipment
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment
5100000000 USD
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
3200000000 USD
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Other Noncurrent Assets
BusinessAcquisitionPurchasePriceAllocationOtherNoncurrentAssets
2100000000 USD
CY2012Q4 us-gaap Business Acquisition Purchase Price Allocation Current Liabilities
BusinessAcquisitionPurchasePriceAllocationCurrentLiabilities
1300000000 USD
CY2012 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
7004000000 USD
CY2011 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
7361000000 USD
CY2012 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
630000000 USD
CY2011 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
689000000 USD
CY2012 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.00
CY2012 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.99
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.19
CY2011 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.20
CY2012 nu Business Combination After Tax Transaction Costs
BusinessCombinationAfterTaxTransactionCosts
32000000 USD
CY2011 nu Business Combination After Tax Transaction Costs
BusinessCombinationAfterTaxTransactionCosts
19000000 USD
CY2012 nu After Tax Settlement Costs Incurred
AfterTaxSettlementCostsIncurred
60000000 USD
CY2011 nu After Tax Settlement Costs Incurred
AfterTaxSettlementCostsIncurred
0 USD
CY2012 nu After Tax Costs Transaction And Other Non Recurring Costs Excluded From Pro Forma Net Income
AfterTaxCostsTransactionAndOtherNonRecurringCostsExcludedFromProFormaNetIncome
92000000 USD
CY2011 nu After Tax Costs Transaction And Other Non Recurring Costs Excluded From Pro Forma Net Income
AfterTaxCostsTransactionAndOtherNonRecurringCostsExcludedFromProFormaNetIncome
19000000 USD
CY2011Q4 us-gaap Regulatory Assets
RegulatoryAssets
3522800000 USD
CY2012 nu Description Of Accumulated Equity Return
DescriptionOfAccumulatedEquityReturn
Equity Return on Regulatory Assets: For rate-making purposes, the Regulated companies recover the carrying cost, including an allowed equity return, on certain regulatory assets. This equity return, which is not recorded on the accompanying consolidated balance sheets, totaled $2.5 million and $3.5 million for CL&P and $21.8 million and $7.6 million for PSNH as of December 31, 2012 and 2011, respectively. These carrying costs will be recovered in future rates.
CY2012 us-gaap Description Of Regulatory Assets And Liabilities
DescriptionOfRegulatoryAssetsAndLiabilities
Regulatory Assets - The following provides further information about regulatory assets: Benefit Costs: NU's Pension, SERP and PBOP Plans are accounted for in accordance with accounting guidance on defined benefit pension and other postretirement plans. Under this accounting guidance, the funded status of pension and other postretirement plans is recorded with an offset to Accumulated Other Comprehensive Income/(Loss) and is remeasured annually. However, because the Regulated companies recover these costs from customers through rates, regulatory assets are recorded as an offset for the liability that is recognized for the funded status of the pension and postretirement plans. Regulatory accounting was also applied to the portions of the NUSCO and NSTAR Electric & Gas costs that support the Regulated companies, as these amounts are also recoverable. CL&P and PSNH do not collect carrying charges on these deferred benefit costs regulatory assets. WMECO's deferred benefit costs regulatory assets are earning a return at the same rate as the assets included in rate base. NSTAR Electric does not earn a return on the regulatory assets recorded to offset the funded status. NSTAR Electric and WMECO each recover their qualified pension and postretirement expenses through rate reconciling mechanisms that fully track the change in net pension and postretirement expenses each year. CL&P and PSNH will recover benefit costs through rates as allowed by their applicable regulatory commissions. NSTAR Electric earns a carrying charge on the excess cumulative benefit plan trust fund contributions it has made over what it has cumulatively recognized as net periodic benefit expense, net of deferred income taxes. As of December 31, 2012 and 2011, these balances were $366.8 million and $428 million of the benefit costs regulatory asset, respectively. Regulatory Assets Offsetting Derivative Liabilities: The regulatory assets offsetting derivative liabilities relate to the fair value of contracts used to purchase power and other related contracts that will be collected from customers in the future. See Note 5, "Derivative Instruments," to the consolidated financial statements for further information.  These assets are excluded from rate base and are being recovered as the actual settlement occurs over the duration of the contracts. Goodwill: Goodwill that originated from the merger that created NSTAR in 1999 is recoverable in rates over the remaining 27 year amortization period, without a carrying charge. Storm Restoration Costs: The storm restoration cost deferrals relate to costs incurred at CL&P, NSTAR Electric, PSNH and WMECO for restorations that the Company expects to collect from customers. A storm must meet certain criteria to be declared a major storm with the criteria specific to each state jurisdiction and utility company. Once a storm is declared major, all qualifying expenses incurred during storm restoration efforts, if deemed prudent, are deferred and recovered from customers in future periods. In Connecticut, qualifying storm restoration costs must exceed $5 million for a storm to be declared a major storm. In Massachusetts, qualifying storm restoration costs must exceed $1 million for NSTAR Electric and $300,000 for WMECO and an emergency response plan must be initiated for a storm to be declared a major storm. In New Hampshire, (1) at least 10 percent of customers must be without power with at least 200 concurrent locations requiring repairs (trouble spots), or (2) at least 300 concurrent trouble spots must be reported for a storm to be declared a major storm. In 2011, Tropical Storm Irene and the October snowstorm each caused extensive damage to NU’s distribution system. As of December 31, 2012 and 2011, CL&P had recorded total deferred storm restoration costs relating to Tropical Storm Irene and the October 2011 snowstorm as a regulatory asset of $281.6 million and $263.3 million, respectively. The CL&P storm restoration cost regulatory asset balance includes a reserve of $40 million recorded in connection with the Connecticut settlement agreement. See Note 2, "Merger of NU and NSTAR," for further information. As of December 31, 2012 and 2011, NSTAR Electric had recorded total deferred storm restoration costs for these 2011 storms of $35.8 million and $35.8 million, respectively, and WMECO had recorded $26.5 million and $26.7 million, respectively, as regulatory assets. PSNH recorded $22.3 million and $21.7 million for these 2011 storms in Other Long-Term Assets, as of December 31, 2012 and 2011, respectively, as previously described. On August 1, 2012, PURA issued a final decision in the investigation of CL&P’s performance related to both Tropical Storm Irene and the October 2011 snowstorm. The decision concluded that CL&P was deficient and inadequate in its preparation, response, and communication to both storms, and identified certain penalties that could be imposed on CL&P during its next rate case, including a reduction in allowed regulatory ROE and the disallowance of certain deferred storm restoration costs. However, PURA will consider and weigh the extent to which CL&P has taken steps in its restructuring of storm management and the establishment of new practices for execution in future storm response in determining any potential penalties. CL&P believes such steps to improve current storm preparation and response practices have been successfully executed in recent storms. At this time, management cannot estimate the impact on CL&P’s financial position, results of operations or cash flows. CL&P continues to believe that its response to these 2011 storms was prudent, was consistent with industry standards, and that it is probable that it will be able to recover its deferred costs. See Note 12E, "Commitments and Contingencies – DPU Penalties for 2011 Storm Responses," for a discussion of NSTAR Electric and WMECO's 2011 storm response. On October 29, 2012, Hurricane Sandy caused extensive damage to NU’s electric distribution system across all three states. The cost of restoration that was deferred for future recovery from customers and recorded as a regulatory asset as of December 31, 2012 for CL&P, NSTAR Electric, and WMECO totaled $159.9 million, $27.8 million and $4.2 million, respectively. PSNH recorded $12.1 million in Other-Long Term Assets, as previously described. Management believes its response to the storm damage was prudent and therefore believes it is probable that CL&P, NSTAR Electric, PSNH and WMECO will be allowed to recover these deferred storm restoration costs. Accordingly, the storm did not have a material impact to the results of operations of CL&P, NSTAR Electric, PSNH or WMECO. Each operating company will seek recovery of these deferred storm restoration costs through its applicable regulatory recovery process. The PSNH storm restoration costs deferral as of December 31, 2012 and 2011 related to costs incurred for a major storm in December 2008 and the February 2010 wind storm, both of which were approved for recovery and are included in rate base. Income Taxes, Net: The tax effect of temporary book-tax differences (differences between the periods in which transactions affect income in the financial statements and the periods in which they affect the determination of taxable income, including those differences relating to uncertain tax positions) is accounted for in accordance with the rate-making treatment of the applicable regulatory commissions and accounting guidance for income taxes. Differences in income taxes between the accounting guidance and the rate-making treatment of the applicable regulatory commissions are recorded as regulatory assets. As these assets are offset by deferred income tax liabilities, no carrying charge is collected. For further information regarding income taxes, see Note 11, "Income Taxes," to the consolidated financial statements. Securitized Assets: In March 2005, NSTAR Electric issued $674.5 million RRBs and used the majority of the proceeds from that issuance to effect purchase power contract buyouts. The collateralized amounts reflected as securitized regulatory assets for NSTAR Electric as of December 31, 2012 and 2011 were $14.1 million and $98.4 million, respectively. In April 2001, PSNH issued $525 million RRBs and used the majority of the proceeds from that issuance to buydown its power contracts with an affiliate, North Atlantic Energy Corporation. In May 2001, WMECO issued $155 million RRBs and used the majority of the proceeds from that issuance to buyout an IPP contract. These assets are not earning an equity return and are being recovered over the amortization period of their associated RRBs. NSTAR Electric RRBs are scheduled to fully amortize by March 15, 2013, PSNH RRBs are scheduled to fully amortize by May 1, 2013, and WMECO RRBs are scheduled to fully amortize by June 1, 2013. NSTAR Electric's remaining balance primarily includes other costs related to purchase power contract divestitures and certain costs related to NSTAR Electric’s former generation business that are recovered with a return through the transition charge and amounted to $186.1 million and $259.8 million as of December 31, 2012 and 2011, respectively. These cost recoveries primarily occur through September 2016 for NSTAR Electric and are subject to adjustment by the DPU. Contractual Obligations: Under the terms of contracts with CYAPC, YAEC and MYAPC, CL&P, NSTAR Electric, PSNH and WMECO are responsible for their proportionate share of the remaining costs of the nuclear facilities, including decommissioning. A portion of these amounts was recorded as contractual obligations regulatory assets. These obligations for CL&P are earning a return and are being recovered through the CTA. Amounts for NSTAR Electric are being recovered without a return through the transition charge and are anticipated to be recovered by 2015. Amounts for WMECO are being recovered without a return and are anticipated to be recovered by 2013, the scheduled completion date of stranded cost recovery. Amounts for PSNH were fully recovered by 2006. As a result of the April 10, 2012 merger with NSTAR and consolidation of CYAPC and YAEC, NU's regulatory asset balance also includes the regulatory assets of CYAPC and YAEC, which amounted to $214 million as of December 31, 2012. At the NU consolidated level, intercompany transactions between CL&P, NSTAR Electric, PSNH and WMECO and the CYAPC and YAEC companies are eliminated in consolidation. Power Contracts Buy Out Agreements: NSTAR Electric's balance represents the recorded contract termination liability related to certain purchase power contract buy out agreements that NSTAR Electric executed in 2004 and their future recovery through NSTAR Electric’s transition charge. NSTAR Electric does not earn a return on this regulatory asset. The contracts’ termination payments will occur over time and will be collected from customers through NSTAR Electric’s transition charge over the same time period. The cost recovery period of these terminated contracts is through September 2016. PSNH's balance represents payments associated with the termination of various power purchase contracts that were recorded as regulatory assets and are amortized over the remaining life of the contracts. Regulatory Tracker Deferrals: Regulatory tracker deferrals are approved rate mechanisms that allow utilities to recover costs in specific business segments through reconcilable tracking mechanisms that are reviewed at least annually by the applicable regulatory commission. The reconciliation process produces deferrals for future recovery or refund, which can be either under or over-collections to be included in future customer rates each year. Regulatory tracker deferrals are recorded as regulatory assets if costs are in excess of collections from customers and are recorded as regulatory liabilities if collections from customers are in excess of costs. All material regulatory tracker deferrals that are in a regulatory asset position are earning a return. The following regulatory reconciliation mechanisms were recorded as either regulatory assets or liabilities as of December 31, 2012 and 2011: CL&P: The PURA has established several reconciliation mechanisms, which allow CL&P to recover costs associated with the procurement of energy for SS and LRS, congestion and other costs associated with power market rules approved by the FERC or as approved by the PURA, C&LM programs, the retail transmission of energy, certain regulatory and energy public policy costs, such as hardship protection costs and transition period property taxes, and stranded costs, such as the amortization of regulatory assets and IPP over market costs. As part of the CTA mechanism reconciliation process, CL&P had also established an obligation to refund the variable incentive portion of its transition service procurement fee, which totaled $26.3 million as of December 31, 2011 and was recorded as a regulatory liability. During 2012, PURA issued a decision approving a joint settlement agreement submitted October 2, 2012, by CL&P, UI, and the Connecticut Consumer Counsel, in resolution of all issues associated with the procurement incentive for 2004, 2005 and 2006. Under the joint settlement agreement, CL&P refunded to customers $5.7 million of funds collected and associated interest. CL&P will be allowed to retain approximately $11.5 million of procurement incentive along with the remaining accrued interest that it was not required to refund to customers. NSTAR Electric and WMECO: Each company recovers certain of its costs on a fully reconciling basis through DPU-approved cost recovery mechanisms. These rate mechanisms recover costs associated with the procurement of energy for basic service, the retail transmission of energy, costs associated with electric industry restructuring, pension and postretirement benefits, and energy efficiency programs. Costs associated with industry restructuring include RRB debt service, nuclear decommissioning costs and above-market IPP costs. In addition, WMECO recovers costs associated with its investments in renewable energy, such as solar projects and credits given to customers who generate renewable energy. In the January 31, 2011 rate case, WMECO received approval for a revenue decoupling reconciliation mechanism, which provides assurance that WMECO will recover a DPU pre-established level of baseline distribution delivery service revenue to manage all other distribution operating expenses and earn a level of return on its capital investment. PSNH: The NHPUC permits PSNH to recover the costs of providing generation, restructuring costs as a result of deregulation, the retail transmission of energy, and the cost of C&LM programs through various reconciliation mechanisms. Asset Retirement Obligations: The costs associated with the depreciation of the Regulated companies' ARO assets and accretion of the ARO liabilities are recorded as regulatory assets in accordance with regulatory accounting guidance. For CL&P, NSTAR Electric and WMECO, ARO assets, regulatory assets and liabilities offset and are excluded from rate base. PSNH's ARO assets, regulatory assets and liabilities are included in rate base. These costs are being recovered over the life of the underlying property, plant and equipment. Other Regulatory Assets: Other Regulatory Assets primarily include environmental remediation costs, losses associated with the reacquisition or redemption of long-term debt, and costs related to previously recognized lost tax benefits as a result of a provision in the 2010 Healthcare Act that eliminated the tax deductibility of actuarially equivalent Medicare Part D benefits for retirees, partially offset by purchase price adjustments recorded in connection with the merger with NSTAR reflected in regulatory assets. Cost of Removal: NU's Regulated companies currently recover amounts in rates for future costs of removal of plant assets over the lives of the assets. The estimated cost to remove utility assets from service is recognized as a component of depreciation expense and the cumulative amounts collected from customers but not yet expended is recognized as a regulatory liability. Expended costs that exceed amounts collected from customers are recognized as regulatory assets, as they are probable of recovery in future rates. AFUDC Transmission Incentive: AFUDC was recorded on 100 percent of CL&P and WMECO's CWIP for their NEEWS projects through May 31, 2011, all of which was reserved as a regulatory liability to reflect rate base recovery for 100 percent of the CWIP as a result of FERC-approved transmission incentives. Effective June 1, 2011, FERC approved changes to the ISO-NE Tariff in order to include 100 percent of the NEEWS CWIP in regional rate base. As a result, CL&P and WMECO no longer record AFUDC on NEEWS CWIP. NSTAR Electric recorded AFUDC on reliability-related projects over $5 million through December 31, 2012, 50 percent of which was reserved as a regulatory liability to reflect rate base recovery for 50 percent of the CWIP as a result of FERC-approved transmission incentives. Spent Nuclear Fuel Costs and Contractual Obligations: CL&P and WMECO currently recover amounts in rates for costs of disposal of spent nuclear fuel and high-level radioactive waste for the period prior to the sale of their ownership shares in the Millstone nuclear power stations. Collections in excess of these costs are recorded as regulatory liabilities. CL&P has also established a regulatory liability for the overrecovery of its proportionate share of the remaining costs, including decommissioning, of the MYAPC nuclear facility. Wholesale Transmission Overcollections: CL&P, NSTAR Electric, PSNH and WMECO's transmission rates recover total transmission revenue requirements, recovering all regional and local revenue requirements for providing transmission service. These rates provide for annual reconciliations to actual costs and the difference between billed and actual costs is deferred. Regulatory liabilities are recorded for collections in excess of costs. Regulatory assets are recorded for costs in excess of collections, as they are probable of recovery in future rates. Other Regulatory Liabilities: Other Regulatory Liabilities primarily includes amounts that are subject to various rate reconciling mechanisms that, as of each period end date, would result in refunds to customers.
CY2012 nu Business Acquisition Description Of Settlement Agreements
BusinessAcquisitionDescriptionOfSettlementAgreements
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. The Attorney General settlement agreement covered a variety of rate-making and rate design issues, including a base distribution rate freeze 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 approved 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 related to the merger. 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 rate recovery of $40 million of the deferred storm restoration costs associated with restoration activities following Tropical Storm Irene and the October 2011 snowstorm. On April 2, 2012, the PURA approved the settlement agreement and the merger of NU and NSTAR.
CY2012 nu Customer Rate Credits For Business Combination
CustomerRateCreditsForBusinessCombination
46000000 USD
CY2012 nu Storm Cost Deferral Reduction
StormCostDeferralReduction
40000000 USD
CY2012 nu Establishment Of Energy Efficiency Fund
EstablishmentOfEnergyEfficiencyFund
15000000 USD
CY2012 nu Total Pre Tax Settlement Agreement Impacts
TotalPreTaxSettlementAgreementImpacts
101000000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3200000000 USD
CY2012Q4 us-gaap Regulatory Assets
RegulatoryAssets
5837400000 USD
CY2012 us-gaap Description Of Regulatory Costs Not Yet Approved
DescriptionOfRegulatoryCostsNotYetApproved
Regulatory Costs Not Yet Approved: Additionally, the Regulated companies had $69.9 million ($3.9 million for CL&P, $25.4 million for NSTAR Electric, $35.7 million for PSNH, and $1.4 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 December 31, 2012 and 2011, respectively, which were included in Other Long-Term Assets on the accompanying 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 recovery of these costs will ultimately be approved. For PSNH, of the total December 31, 2012 regulatory costs not yet approved, $12.1 million related to costs incurred for the 2012 Hurricane Sandy storm and $22.3 million related to costs incurred for the 2011 Tropical Storm Irene and the October snowstorm restorations that met the NHPUC criteria for cost deferral. As of December 31, 2011, the storm restoration costs incurred for the 2011 Tropical Storm Irene and the October snowstorm restorations totaled $21.7 million. Refer to the "Storm Restoration Costs" section below for further discussion. The NSTAR Electric balance as of December 31, 2012 and 2011 related to costs deferred in connection with the basic service bad debt adder. See Note 12H, "Commitments and Contingencies – Basic Service Bad Debt Adder," for further information.
CY2012Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
674300000 USD
CY2011Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
433900000 USD
CY2012 us-gaap Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
Utility property, plant and equipment is recorded at original cost. Original cost includes materials, labor, construction overhead and AFUDC for regulated property. The cost of repairs and maintenance, including planned major maintenance activities, is charged to Operating Expenses as incurred. Depreciation of utility assets is calculated on a straight-line basis using composite rates based on the estimated remaining useful lives of the various classes of property (estimated useful life for PSNH distribution). The composite rates are subject to approval by the appropriate state regulatory agency. The composite rates include a cost of removal component, which is collected from customers during the life of the property and is recognized as a regulatory liability. Depreciation rates are applied to property from the time it is placed in service. Upon retirement from service, the cost of the utility asset is charged to the accumulated provision for depreciation. The actual incurred removal costs are applied against the related regulatory liability.
CY2012Q4 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
11438200000 USD
CY2012Q4 nu Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
2274200000 USD
CY2012Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
5541100000 USD
CY2012Q4 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
1146600000 USD
CY2012Q4 nu Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
20400100000 USD
CY2012Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
429300000 USD
CY2012Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
20829400000 USD
CY2012Q4 nu Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
5065100000 USD
CY2012Q4 nu Other Accumulated Depreciation
OtherAccumulatedDepreciation
171500000 USD
CY2012Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
5236600000 USD
CY2012Q4 nu Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
15592800000 USD
CY2012Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
1012200000 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
CY2012 nu Public Utilities Property Plant And Equipment Depreciation Rates
PublicUtilitiesPropertyPlantAndEquipmentDepreciationRates
0.025 pure
CY2011 nu Public Utilities Property Plant And Equipment Depreciation Rates
PublicUtilitiesPropertyPlantAndEquipmentDepreciationRates
0.026 pure
CY2010 nu Public Utilities Property Plant And Equipment Depreciation Rates
PublicUtilitiesPropertyPlantAndEquipmentDepreciationRates
0.027 pure
CY2012 nu Distribution Average Depreciable Lives
DistributionAverageDepreciableLives
42.1 pure
CY2012 nu Transmission Average Depreciable Lives
TransmissionAverageDepreciableLives
45.3 pure
CY2012Q4 nu Current Derivative Assets Consolidated
CurrentDerivativeAssetsConsolidated
11400000 USD
CY2011Q4 nu Current Derivative Assets Consolidated
CurrentDerivativeAssetsConsolidated
11000000 USD
CY2012Q4 nu Derivative Assets Subject To Credit Risk With Investment Grade Counterparty
DerivativeAssetsSubjectToCreditRiskWithInvestmentGradeCounterparty
96500000 USD
CY2012 us-gaap Description Of Derivative Activity Volume
DescriptionOfDerivativeActivityVolume
As of December 31, 2012 and 2011, NU had approximately 24 thousand MWh and 123 thousand MWh, respectively, of supply volumes remaining in its unregulated wholesale portfolio when expected sales are compared with supply contracts.
CY2012 nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
2500000 USD
CY2011 nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
10500000 USD
CY2010 nu Interest Realized In Earnings On Fair Value Hedge
InterestRealizedInEarningsOnFairValueHedge
10900000 USD
CY2011Q4 us-gaap Notional Amount Of Fair Value Hedge Instruments
NotionalAmountOfFairValueHedgeInstruments
263000000 USD
CY2011 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. In addition, NU, CL&P, PSNH and WMECO continue to amortize interest rate swaps settled in prior years from AOCI into Interest Expense over the remaining life of the associated long-term debt.
CY2012 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
-3300000 USD
CY2011 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
-1300000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-25100000 USD
CY2010 us-gaap Cash Flow Hedge Gain Loss Reclassified To Interest Expense Net
CashFlowHedgeGainLossReclassifiedToInterestExpenseNet
-400000 USD
CY2012Q4 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
17400000 USD
CY2012Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
15300000 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
CY2010Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
840200000 USD
CY2011 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
38500000 USD
CY2011Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
962200000 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
878600000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
10900000 USD
CY2012 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-29200000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
75100000 USD
CY2011 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
-161000000 USD
CY2011 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
500000 USD
CY2012 nu Derivativeliabilityrecordedatmergerdatelevel3
Derivativeliabilityrecordedatmergerdatelevel3
-5400000 USD
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
32200000 USD
CY2011Q4 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
41100000 USD
CY2012 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
5900000 USD
CY2011 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-1100000 USD
CY2012Q4 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
47000000 USD
CY2012Q4 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
340400000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
66600000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
57300000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
51200000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
91500000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
266600000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
66600000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
58700000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
54600000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
99900000 USD
CY2012Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
279800000 USD
CY2012Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
492300000 USD
CY2011Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
131300000 USD
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
56200000 USD
CY2012 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
-7200000 USD
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
20200000 USD
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
21400000 USD
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
412200000 USD
CY2010Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
53300000 USD
CY2011 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2100000 USD
CY2011 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
3500000 USD
CY2011 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-1900000 USD
CY2011 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
-800000 USD
CY2012Q4 nu Liability Assumed Upon Consolidation Of Cyapc And Yaec
LiabilityAssumedUponConsolidationOfCyapcAndYaec
284200000 USD
CY2012Q4 nu Liability Assumed Upon Merger With Nstar
LiabilityAssumedUponMergerWithNstar
35900000 USD
CY2011Q4 nu Letters Of Credit Outstanding Under Line Of Credit
LettersOfCreditOutstandingUnderLineOfCredit
17900000 USD
CY2012Q4 us-gaap Commercial Paper
CommercialPaper
1150000000 USD
CY2012 nu Description Of Commercial Paper Program
DescriptionOfCommercialPaperProgram
On July 25, 2012, NU, CL&P, NSTAR LLC, NSTAR Gas, PSNH, WMECO, and Yankee Gas jointly entered into a five-year $1.15 billion revolving credit facility. The new facility replaced (1) the NSTAR LLC revolving credit facility of $175 million that served to backstop a commercial paper program utilized by NSTAR LLC and was scheduled to expire on December 31, 2012, (2) the NSTAR Gas revolving credit facility of $75 million that expired on June 8, 2012, and (3) the CL&P, PSNH, WMECO, and Yankee Gas joint three-year $400 million and NU parent three-year $500 million unsecured revolving credit facilities that were scheduled to expire on September 24, 2013. The new facility expires on July 25, 2017. Management expects the new facility to be used primarily to backstop the $1.15 billion commercial paper program at NU, which commenced July 25, 2012. The commercial paper program allows NU parent to issue commercial paper as a form of short-term debt. Under the terms of the agreement, NU parent may provide intercompany loans to its subsidiaries, including CL&P, PSNH and WMECO. On July 25, 2012, NSTAR Electric entered into a five-year $450 million revolving credit facility. This new facility serves to backstop NSTAR Electric’s existing $450 million commercial paper program. The new facility expires on July 25, 2017. This new facility replaced a prior $450 million NSTAR Electric revolving credit facility that was scheduled to expire on December 31, 2012. As of December 31, 2012, NU had $1.15 billion in short-term borrowings outstanding under its commercial paper program. The weighted-average interest rate on these borrowings as of December 31, 2012 was 0.46 percent, which is generally based on money market rates. As of December 31, 2012, there were inter-company loans of $987.5 million from NU to its subsidiaries ($405.1 million for CL&P, $63.3 million for PSNH, and $31.9 million for WMECO). As of December 31, 2012, NSTAR Electric had $276 million in short-term borrowings outstanding under its commercial paper program, leaving $174 million of available borrowing capacity. The weighted-average interest rate on these borrowings as of December 31, 2012 was 0.31 percent, which is generally based on money market rates.
CY2012 nu Description Of St Debt Reclassified To Lt
DescriptionOfStDebtReclassifiedToLt
On January 15, 2013, CL&P issued $400 million of Series A First and Refunding Mortgage Bonds with a coupon rate of 2.5 percent and a maturity date of January 15, 2023. The proceeds, net of issuance costs, were used to pay short-term borrowings outstanding under the CL&P credit agreement and the NU commercial paper program. As a result, as of December 31, 2012, CL&P's credit agreement borrowings of $89 million and intercompany loans related to the commercial paper program of $305.8 million have been classified as Long-Term Debt on the accompanying consolidated balance sheet.
CY2012 nu Description Of Working Capital
DescriptionOfWorkingCapital
NU, CL&P, NSTAR Electric, PSNH and WMECO use their available capital resources to fund their respective construction expenditures, meet debt requirements, pay costs, including storm-related costs, pay dividends and fund other corporate obligations, such as pension contributions. The current growth in NU’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’s Regulated companies operate in an environment where recovery of its electric and natural 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’s current liabilities exceeding current assets by approximately $1.4 billion, $268 million, $198 million and $60 million at NU, CL&P, NSTAR Electric and WMECO, respectively, as of December 31, 2012. As of December 31, 2012, approximately $730 million of NU's current liabilities relates to long-term debt that will be paid in the next 12 months, consisting of $550 million for NU parent, $55 million for WMECO, and $125 million for CL&P. Approximately $32 million relates to the amortization of the purchase accounting fair value adjustment that will be amortized in the next twelve months. NU, with its strong credit ratings, 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, CL&P, NSTAR Electric and WMECO along with the access to financial markets, will be sufficient to meet any future operating requirements and capital investment forecasted opportunities.
CY2012 us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
CL&P Credit Agreement: On March 26, 2012, CL&P entered into a five-year unsecured revolving credit facility in the amount of $300 million, which expires on March 26, 2017. Under this facility, CL&P can borrow either on a short-term or a long-term basis subject to regulatory approval. As of December 31, 2012, CL&P had $89 million in borrowings outstanding under this credit agreement with a weighted average interest rate of 3.325 percent.
CY2012 nu Short Term Debt Regulatory Limits
ShortTermDebtRegulatoryLimits
The amount of short-term borrowings that may be incurred by CL&P, NSTAR Electric and WMECO is subject to periodic approval by the FERC. On November 30, 2011, the FERC granted authorization to allow CL&P and WMECO to incur total short-term borrowings up to a maximum of $450 million and $300 million, respectively, effective January 1, 2012 through December 31, 2013. On March 22, 2012, the FERC approved CL&P's application requesting to increase its total short-term borrowing capacity from a maximum of $450 million to a maximum of $600 million for the authorization period through December 31, 2013. On May 16, 2012, the FERC granted authorization to allow NSTAR Electric to issue total short-term debt securities in an aggregate principal amount not to exceed $655 million outstanding at any one time, effective October 23, 2012 through October 23, 2014. As a result of the NHPUC having jurisdiction over PSNH's short-term debt, PSNH is not currently required to obtain FERC approval for its short-term borrowings. PSNH is authorized by regulation of the NHPUC to incur short-term borrowings up to 10 percent of net fixed plant plus an additional $60 million until further ordered by the NHPUC. As of December 31, 2012, PSNH's short-term debt authorization under the 10 percent of net fixed plant test plus $60 million totaled approximately $280 million. CL&P's certificate of incorporation contains preferred stock provisions restricting the amount of unsecured debt that CL&P may incur, including limiting unsecured indebtedness with a maturity of less than 10 years to 10 percent of total capitalization. In November 2003, CL&P obtained from its preferred stockholders a waiver of such 10 percent limit for a ten-year period expiring in March 2014, provided that all unsecured indebtedness does not exceed 20 percent of total capitalization. As of December 31, 2012, CL&P had $482 million of unsecured debt capacity available under this authorization.
CY2012 us-gaap Long Term Debt Description
LongTermDebtDescription
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 1.059 percent as of December 31, 2012. The proceeds, net of issuance expenses, were used to repay at maturity the NU parent $263 million Series A Senior Notes that matured on April 1, 2012, to repay short-term borrowings outstanding under the NU parent Credit Agreement and for other general corporate purposes.          As of December 31, 2012, amount relates to the purchase price adjustment required to record the NSTAR long-term debt issuances at fair value on the date of the merger. As of December 31, 2011, amount related to a fixed to floating interest rate swap on the $263 million NU parent note that matured on April 1, 2012. The change in fair value of the interest component of the debt was recorded as an adjustment to Current Portion - Long Term Debt as of December 31, 2011 with an equal and offsetting adjustment to Current Derivative Assets. . Fees due to the DOE for the disposal of CL&P's and WMECO's Prior Period Spent Nuclear Fuel and CYAPC's and YAEC's spent nuclear fuel obligation include accumulated interest costs of $350 million and $219.3 million for NU ($177.8 million and $177.6 million for CL&P and $41.7 million and $41.7 million for WMECO) as of December 31, 2012 and 2011, respectively.
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
731700000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
576600000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
216700000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
745000000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4559800000 USD
CY2012Q4 nu Longtermdebtmaturitiesrepaymentsofprincipaltotal
Longtermdebtmaturitiesrepaymentsofprincipaltotal
6829800000 USD
CY2012 nu Description Of Allocation Of Assets To Subsidiaries
DescriptionOfAllocationOfAssetsToSubsidiaries
CL&P, PSNH and WMECO participate in the NUSCO Pension Plan and NUSCO PBOP Plans. Each company participating in the plans is allocated a portion of the total plan assets. As of December 31, 2012 and 2011, the NUSCO Pension Plan has total assets of $2,342.6 million and $2,005.9 million, respectively. CL&P, PSNH and WMECO’s portion of these total plan assets were 40 percent, 17 percent and 9 percent, respectively, as of December 31, 2012, and 43 percent, 14 percent and 10 percent, respectively, as of December 31, 2011. The NUSCO PBOP Plans had total plan assets of $334.9 million and $285.4 million as of December 31, 2012 and 2011, respectively. CL&P, PSNH and WMECO’s share of these assets were 39 percent, 21 percent and 9 percent, respectively, as of both December 31, 2012 and 2011.
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
25700000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
17400000 USD
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
16100000 USD
CY2011 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
8800000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1545757 shares
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.96
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.80
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.78
CY2010 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
8500000 USD
CY2012 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
8900000 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 Upon Merger Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNstarDeferredAndPerformanceAwardsConvertedUponMergerValue
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 Rsus Upon Merger Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNstarRsuRetentionAwardsConvertedToNuRsusUponMergerValue
7.2 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4500000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2502512 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2685615 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
471323 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
30.20
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25800000 USD
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12300000 USD
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10500000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10200000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4900000 USD
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4200000 USD
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
26100000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
8500000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1300000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
900000 USD
CY2012 nu Description Of Compensation Cost Not Yet Recognized Period For Recognition
DescriptionOfCompensationCostNotYetRecognizedPeriodForRecognition
This cost is expected to be recognized ratably over a weighted-average period of 1.90 years for NU, 2.03 years for CL&P, 1.76 years for NSTAR Electric and 1.84 years for PSNH and WMECO.
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
225216 shares
CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-112617 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
112599 shares
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-65225 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
47374 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-1166511 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.92
CY2010 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.12
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.81
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.53
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
18700000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
21900000 USD
CY2012Q2 nu Share Based Compensation Arrangement By Share Based Payment Award Options Converted Nstar Options Upon Merger Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsConvertedNstarOptionsUponMergerWeightedAverageExercisePrice
23.99
CY2012 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
26300000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
7500000 USD
CY2012 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
39422 shares
CY2011 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
35476 shares
CY2011 nu Espp Discounted Purchase Price First Six Months
EsppDiscountedPurchasePriceFirstSixMonths
31.27 USD
CY2012Q4 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
CY2012 nu Espp Discounted Purchase Price First Six Months
EsppDiscountedPurchasePriceFirstSixMonths
33.01 USD
CY2012 nu Espp Discounted Purchase Price Second Six Months
EsppDiscountedPurchasePriceSecondSixMonths
37.89 USD
CY2011 nu Espp Discounted Purchase Price Second Six Months
EsppDiscountedPurchasePriceSecondSixMonths
32.30 USD
CY2012Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
54600000 USD
CY2011Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
52800000 USD
CY2010Q4 us-gaap Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
49900000 USD
CY2012Q4 nu Deferred Compensation Cash Based Arrangements Expense Pertaining To Deferred Benefits
DeferredCompensationCashBasedArrangementsExpensePertainingToDeferredBenefits
4700000 USD
CY2011Q4 nu Deferred Compensation Cash Based Arrangements Expense Pertaining To Deferred Benefits
DeferredCompensationCashBasedArrangementsExpensePertainingToDeferredBenefits
4700000 USD
CY2010Q4 nu Deferred Compensation Cash Based Arrangements Expense Pertaining To Deferred Benefits
DeferredCompensationCashBasedArrangementsExpensePertainingToDeferredBenefits
4200000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-30900000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3000000 USD
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9000000 USD
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-6500000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-26000000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
17600000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-13300000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-23000000 USD
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2500000 USD
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
201200000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
187700000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
291300000 USD
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
800000 USD
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9100000 USD
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
9700000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
-3000000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
-2800000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
-3900000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
282800000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-10800000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
-3800000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4400000 USD
CY2012 nu Medicare Subsidy
MedicareSubsidy
0 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
7600000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1400000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
200000000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-14200000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
-3500000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
22100000 USD
CY2011 nu Medicare Subsidy
MedicareSubsidy
0 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-33100000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2500000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
211600000 USD
CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
-9500000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
-3800000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
12500000 USD
CY2010 nu Medicare Subsidy
MedicareSubsidy
15600000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-10500000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2500000 USD
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.340 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.299 pure
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.348 pure
CY2012Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
380600000 USD
CY2011Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
415300000 USD
CY2012Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
257900000 USD
CY2011Q4 us-gaap Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
157900000 USD
CY2012Q4 nu Deferred Tax Assets Employee Benefits
DeferredTaxAssetsEmployeeBenefits
811400000 USD
CY2011Q4 nu Deferred Tax Assets Employee Benefits
DeferredTaxAssetsEmployeeBenefits
539600000 USD
CY2011Q4 nu Deferred Tax Assets Tax Effect Tax Regulatory Assets
DeferredTaxAssetsTaxEffectTaxRegulatoryAssets
15500000 USD
CY2012Q4 nu Deferred Tax Assets Tax Effect Tax Regulatory Assets
DeferredTaxAssetsTaxEffectTaxRegulatoryAssets
17200000 USD
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
242400000 USD
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
204200000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4200000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4600000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1551900000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2130500000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
3468800000 USD
CY2011Q4 nu Deferred Tax Liabilities Regulatory Assets Securitized Contract Termination Costs
DeferredTaxLiabilitiesRegulatoryAssetsSecuritizedContractTerminationCosts
39600000 USD
CY2012Q4 nu Deferred Tax Liabilities Regulatory Assets Securitized Contract Termination Costs
DeferredTaxLiabilitiesRegulatoryAssetsSecuritizedContractTerminationCosts
16600000 USD
CY2012Q4 nu Deferred Tax Liabilities Regulatory Assets Other Regulatory Deferrals
DeferredTaxLiabilitiesRegulatoryAssetsOtherRegulatoryDeferrals
1561100000 USD
CY2011Q4 nu Deferred Tax Liabilities Regulatory Assets Other Regulatory Deferrals
DeferredTaxLiabilitiesRegulatoryAssetsOtherRegulatoryDeferrals
1135000000 USD
CY2011Q4 nu Deferred Tax Liabilities Regulatory Assets Tax Effect Tax Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssetsTaxEffectTaxRegulatoryAssets
184600000 USD
CY2012Q4 nu Deferred Tax Liabilities Regulatory Assets Tax Effect Tax Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssetsTaxEffectTaxRegulatoryAssets
217200000 USD
CY2012Q4 nu Deferred Tax Liabilities Regulatory Assets Derivative Assets
DeferredTaxLiabilitiesRegulatoryAssetsDerivativeAssets
36200000 USD
CY2011Q4 nu Deferred Tax Liabilities Regulatory Assets Derivative Assets
DeferredTaxLiabilitiesRegulatoryAssetsDerivativeAssets
39100000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
24500000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
136100000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
5736500000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3402200000 USD
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2134700000 USD
CY2011Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1556500000 USD
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
64200000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
45400000 USD
CY2012Q4 nu Deferred Tax Liabilities Resulting From Property Tax Accruals And Other
DeferredTaxLiabilitiesResultingFromPropertyTaxAccrualsAndOther
89600000 USD
CY2011Q4 nu Deferred Tax Liabilities Resulting From Property Tax Accruals And Other
DeferredTaxLiabilitiesResultingFromPropertyTaxAccrualsAndOther
58900000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1920500000 USD
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
214600000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
178600000 USD
CY2012Q4 nu Purchase Accounting Deferred Tax Asset
PurchaseAccountingDeferredTaxAsset
146400000 USD
CY2011Q4 nu Purchase Accounting Deferred Tax Asset
PurchaseAccountingDeferredTaxAsset
0 USD
CY2012Q4 nu Goodwill Deferred Tax Liability
GoodwillDeferredTaxLiability
210900000 USD
CY2011Q4 nu Goodwill Deferred Tax Liability
GoodwillDeferredTaxLiability
0 USD
CY2012Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
3800000 USD
CY2012Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
606900000 USD
CY2011Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
510200000 USD
CY2011Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
6600000 USD
CY2012Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
300000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
124300000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10800000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
-34300000 USD
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-400000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
101200000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
8000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
73500000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
10300000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
83100000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
800000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
100000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
-800000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
-35700000 USD
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
3100000 USD
CY2011 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-2800000 USD
CY2010 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
-24800000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
10100000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
7100000 USD
CY2012Q4 nu State Tax Settlements In2011
StateTaxSettlementsIn2011
29100000 USD
CY2012Q4 nu State Tax Settlements Tax Expense Reductions In2011
StateTaxSettlementsTaxExpenseReductionsIn2011
22400000 USD
CY2012Q4 nu State Tax Settlements In2010
StateTaxSettlementsIn2010
35000000 USD
CY2012Q4 nu State Tax Settlements Tax Expense Reductions In2010
StateTaxSettlementsTaxExpenseReductionsIn2010
6000000 USD
CY2012 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Other Information
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleOtherInformation
 These estimated changes could have an impact on NU's and CL&P's 2013 earnings of zero to $6 million and zero to $16 million, respectively.  Other companies’ impacts are not expected to be material.
CY2012Q4 nu Nstar Electric2011 Federal Tax Refund
NstarElectric2011FederalTaxRefund
166800000 USD
CY2012Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Upper Bound
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound
50000000 USD
CY2010Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
37100000 USD
CY2011 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
1600000 USD
CY2011 us-gaap Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
7000000 USD
CY2011Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
31700000 USD
CY2012 nu Environmental Liability Assumed In Merger
EnvironmentalLiabilityAssumedInMerger
11800000 USD
CY2012 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
4700000 USD
CY2012 us-gaap Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
8800000 USD
CY2012Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
39400000 USD
CY2012 nu Environmental Site Quantity
EnvironmentalSiteQuantity
77 pure
CY2011 nu Environmental Site Quantity
EnvironmentalSiteQuantity
59 pure
CY2012Q4 us-gaap Accrual For Environmental Loss Contingencies Component Amount
AccrualForEnvironmentalLossContingenciesComponentAmount
2100000 USD
CY2012 nu Cumulative Environmental Remediation Expense
CumulativeEnvironmentalRemediationExpense
19500000 USD
CY2012Q4 nu Superfund Site Information
SuperfundSiteInformation
CERCLA: The federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA) and its amendments or state equivalents impose joint and several strict liabilities, regardless of fault, upon generators of hazardous substances resulting in removal and remediation costs and environmental damages.  Liabilities under these laws can be material and in some instances may be imposed without regard to fault or for past acts that may have been lawful at the time they occurred.  Of the total sites included in the remediation and long-term monitoring phase, 10 sites (2 for CL&P, 4 for NSTAR Electric, 4 for PSNH and 1 for WMECO) are superfund sites under CERCLA for which the Company has been notified that it is a potentially responsible party but for which the site assessment and remediation are not being managed by the Company.  As of December 31, 2012, a liability of $1 million ($0.4 million for CL&P, $0.1 million for NSTAR Electric and $0.4 million for PSNH) accrued on these sites represents management's best estimate of its potential remediation costs with respect to these superfund sites.
CY2012 nu Cumulative Payments Environmental Loss Contingencies
CumulativePaymentsEnvironmentalLossContingencies
17400000 USD
CY2012Q4 nu Range Of Potential Loss On Enivornmental Sites
RangeOfPotentialLossOnEnivornmentalSites
As of December 31, 2012, for 8 environmental sites (3 for CL&P, 2 for PSNH, and 1 for WMECO) that are included in the Company's reserve for environmental costs, the information known and nature of the remediation options at those sites allow for the Company to estimate the range of losses for environmental costs. As of December 31, 2012, $2.6 million ($0.6 million for CL&P and $0.7 million for PSNH) had been accrued as a liability for these sites, which represent management's best estimates of the liabilities for environmental costs. These amounts are the best estimates with estimated ranges of additional losses from zero million to $15.2 million (zero to $1.3 million for CL&P, zero to $4.1 million for PSNH, and zero to $8.6 million for WMECO). As of December 31, 2012, for 23 environmental sites (5 for CL&P,1 for NSTAR Electric, 4 for PSNH, and 3 for WMECO) included in the Company’s reserve for environmental costs, management cannot reasonably estimate the exposure to loss in excess of the reserve, or range of loss, as these sites are under investigation and/or there is significant uncertainty as to what remedial actions, if any, the Company may be required to undertake. As of December 31, 2012, $17 million ($1.7 million for CL&P, $0.2 million for PSNH, and $0.5 million for WMECO) had been accrued as a liability for these sites. As of December 31, 2012, for the remaining 46 environmental sites (11 for CL&P, 15 for NSTAR Electric, 10 for PSNH, and 2 for WMECO) included in the Company’s reserve for environmental costs, the $19.8 million accrual ($1.4 million for CL&P, $1.7 million for NSTAR Electric, $4 million for PSNH, and $0.1 million for WMECO) represents management’s best estimate of the liability and no additional loss is anticipated.
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
572800000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
501900000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
432900000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
2897500000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
5806700000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
717700000 USD
CY2012Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
683900000 USD
CY2012 nu Supply And Stranded Costs Obligations Incurred
SupplyAndStrandedCostsObligationsIncurred
216800000 USD
CY2011 nu Supply And Stranded Costs Obligations Incurred
SupplyAndStrandedCostsObligationsIncurred
156000000 USD
CY2012 nu Peaker Cfd Expense Incurred
PeakerCfdExpenseIncurred
59300000 USD
CY2011 nu Peaker Cfd Expense Incurred
PeakerCfdExpenseIncurred
40200000 USD
CY2012 nu Natural Gas Procurement Costs Incurred
NaturalGasProcurementCostsIncurred
243100000 USD
CY2011 nu Natural Gas Procurement Costs Incurred
NaturalGasProcurementCostsIncurred
191700000 USD
CY2010 nu Fuel Costs Incurred
FuelCostsIncurred
171100000 USD
CY2011 nu Fuel Costs Incurred
FuelCostsIncurred
113200000 USD
CY2012 nu Transmission Support Commitment Costs Incurred
TransmissionSupportCommitmentCostsIncurred
24800000 USD
CY2011 nu Transmission Support Commitment Costs Incurred
TransmissionSupportCommitmentCostsIncurred
18100000 USD
CY2012 nu Renewable Energy Costs Incurred
RenewableEnergyCostsIncurred
48700000 USD
CY2011 nu Renewable Energy Costs Incurred
RenewableEnergyCostsIncurred
5100000 USD
CY2012Q4 nu Court Of Federal Claims Ruling To Cyapc
CourtOfFederalClaimsRulingToCyapc
34200000 USD
CY2012Q4 nu Court Of Federal Claims Ruling To Yaec
CourtOfFederalClaimsRulingToYaec
32900000 USD
CY2012Q4 nu Court Of Federal Claims Ruling To Myapc
CourtOfFederalClaimsRulingToMyapc
75800000 USD
CY2012Q4 nu Trial Court Ruling To Cyapc
TrialCourtRulingToCyapc
39700000 USD
CY2012Q4 nu Trial Court Ruling To Yaec
TrialCourtRulingToYaec
21200000 USD
CY2012Q4 nu Trial Court Ruling To Myapc
TrialCourtRulingToMyapc
81700000 USD
CY2012Q4 nu Receivable From Doe At Year End2012
ReceivableFromDoeAtYearEnd2012
77900000 USD
CY2012Q4 nu Connecticut Yankee Proceeds Received
ConnecticutYankeeProceedsReceived
39600000 USD
CY2012Q4 nu Yankee Atomic Proceeds Received
YankeeAtomicProceedsReceived
38300000 USD
CY2012Q4 nu Maine Yankee Proceeds Received
MaineYankeeProceedsReceived
81700000 USD
CY2012Q4 nu Nstar Electric Dpu Storm Penalty
NstarElectricDpuStormPenalty
4100000 USD
CY2012Q4 nu Wmeco Dpu Storm Penalty
WmecoDpuStormPenalty
2000000 USD
CY2012Q4 nu Cumulative Cpsl Costs2006 To2011
CumulativeCpslCosts2006To2011
83000000 USD
CY2012Q4 nu Cpsl Revenue Requirement For2012 To2015
CpslRevenueRequirementFor2012To2015
15000000 USD
CY2012Q4 nu Bad Debt Service Adder As Of2011
BadDebtServiceAdderAsOf2011
34000000 USD
CY2012Q4 nu Pre Tax Nstar Electric Bad Debt Adder Reserve Recorded In2012
PreTaxNstarElectricBadDebtAdderReserveRecordedIn2012
28000000 USD
CY2012Q4 nu Post Tax Nstar Electric Bad Debt Adder Reserve In2012
PostTaxNstarElectricBadDebtAdderReserveIn2012
17000000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
14800000 USD
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
8400000 USD
CY2010 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
11900000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
2800000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
2200000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
2200000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
2000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
2000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
7500000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
18700000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
7600000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
11100000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
22400000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
16600000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
14100000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
11200000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
8600000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
23300000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
96200000 USD
CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
100000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-2700000 USD
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-7900000 USD
CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
184900000 USD
CY2012 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-1300000 USD
CY2011 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-17000000 USD
CY2010 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
400000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1100000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
53400000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1300000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
57800000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-16400000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-700000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-14900000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-18400000 USD
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-4200000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1300000 USD
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-9500000 USD
CY2010 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
200000 USD
CY2010 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
200000 USD
CY2011 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
400000 USD
CY2012 nu Pension Serp And Pbop Gain Loss To Be Reclassified Within Twelve Months
PensionSerpAndPbopGainLossToBeReclassifiedWithinTwelveMonths
-10500000 USD
CY2012 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-2000000 USD
CY2012 us-gaap Line Of Credit Facility Dividend Restrictions
LineOfCreditFacilityDividendRestrictions
CL&P, NSTAR Electric, PSNH and WMECO are subject to Section 305 of the Federal Power Act that makes it unlawful for a public utility to make or pay a dividend from any funds "properly included in its capital account." Management believes that this Federal Power Act restriction, as applied to CL&P, NSTAR Electric, PSNH and WMECO, would not be construed or applied by the FERC to prohibit the payment of dividends for lawful and legitimate business purposes from retained earnings. In addition, certain state statutes may impose additional limitations on such companies and on Yankee Gas and NSTAR Gas. Such state law restrictions do not restrict payment of dividends from retained earnings or net income. CL&P, NSTAR Electric, PSNH, WMECO, Yankee Gas and NSTAR Gas also have revolving credit agreements that impose leverage restrictions including consolidated total debt to total capitalization ratio requirements. The Retained Earnings balances subject to these leverage restrictions are $1.803 billion for NU, $839.6 million for CL&P, $1.210 billion for NSTAR Electric, $395.1 million for PSNH and $160.6 million for WMECO as of December 31, 2012.
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
196052770 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
332509383 shares
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
18455749 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
18894078 shares
CY2012Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
155600000 USD
CY2011Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
116200000 USD
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
783812 shares
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
394401 shares
CY2010 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
249301 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.90
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.22
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.19
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4266 shares
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4314 shares
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1578 shares
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
740800000 USD
CY2012 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
4414800000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
463200000 USD
CY2011 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
3208300000 USD
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
623700000 USD
CY2010 us-gaap Utilities Operating Expense Other
UtilitiesOperatingExpenseOther
3474600000 USD
CY2012Q4 us-gaap Revenues
Revenues
1684000000 USD
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
331400000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
176600000 USD
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.64
CY2012 us-gaap Subsequent Event Description
SubsequentEventDescription
See Note 9, "Long-Term Debt" to the consolidated financial statements for information regarding the January 2013 long-term debt issuance for CL&P. See Note 12C, "Commitments and Contingencies – Deferred Contractual Obligations" to the consolidated financial statements for information regarding the receipt of the DOE proceeds by the Yankee Companies in January 2013. See Note 11, "Income Taxes," for discussion of the federal legislation enacted on January 2, 2013. On February 8, 2013, a blizzard caused damage to the electric delivery systems of CL&P and NSTAR Electric. Management believes that this storm will cost between $100 million to $120 million, with approximately 90 percent of those costs relating to NSTAR Electric. Management expects the costs to meet the criteria for specific cost recovery in Connecticut and Massachusetts and, as a result, does not expect the storm to have a material impact on the results of operations of CL&P or NSTAR Electric. Each operating company will seek recovery of these anticipated deferred storm costs through its applicable regulatory recovery process.
CY2011Q2 us-gaap Revenues
Revenues
1047500000 USD
CY2011Q3 us-gaap Revenues
Revenues
1114900000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
203800000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
178100000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
78700000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
91400000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
90000000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
77300000 USD
CY2012Q1 us-gaap Revenues
Revenues
1099600000 USD
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
214400000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
100800000 USD
CY2011Q1 us-gaap Revenues
Revenues
1235300000 USD
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
227400000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
115600000 USD
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
114200000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
99300000 USD
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
174700000 USD
CY2011Q4 us-gaap Revenues
Revenues
1068000000 USD
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
114800000 USD
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
113200000 USD
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.56
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.15
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.66
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.55
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.64
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.51
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.44
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
36275000 USD
CY2011 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
16420000 USD
CY2010 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
31352000 USD
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
80462000 USD
CY2011 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
60584000 USD
CY2010 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
85632000 USD
CY2009Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
127517000 USD
CY2010Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
119190000 USD
CY2011Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
115689000 USD
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
165549000 USD
CY2012 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
34761000 USD
CY2011 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
40663000 USD
CY2010 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
45953000 USD
CY2012Q4 nu Impact Related To Nstar Merger
ImpactRelatedToNstarMerger
59286000 USD
CY2011Q4 nu Uncollectible Hardship Accounts Receivable Reserves
UncollectibleHardshipAccountsReceivableReserves
68600000 USD
CY2010Q4 nu Uncollectible Hardship Accounts Receivable Reserves
UncollectibleHardshipAccountsReceivableReserves
65000000 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
NORTHEAST UTILITIES
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000072741
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
314338271 shares
CY2012Q2 dei Entity Public Float
EntityPublicFloat
12177646948 USD
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2010 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
103861000 USD
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
17032000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
44300000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
46200000 USD
CY2010 nu Supply And Stranded Costs Obligations Incurred
SupplyAndStrandedCostsObligationsIncurred
196200000 USD
CY2012Q2 us-gaap Revenues
Revenues
1628700000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
207600000 USD

Files In Submission

Name View Source Status
0000072741-13-000015-index-headers.html Edgar Link pending
0000072741-13-000015-index.html Edgar Link pending
0000072741-13-000015.txt Edgar Link pending
0000072741-13-000015-xbrl.zip Edgar Link pending
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