$ES
Eversource Energy

2014 Q2 Form 10-Q Financial Statement

#000007274114000040 Filed on August 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $1.678B $1.636B
YoY Change 2.55% 0.44%
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 $152.2M $159.6M
YoY Change -4.6% 10.43%
% of Gross Profit
Operating Expenses $1.384B $1.285B
YoY Change 7.65% -12.52%
Operating Profit $294.0M $350.6M
YoY Change -16.14% 119.81%
Interest Expense $92.50M $86.85M
YoY Change 6.5% -197.58%
% of Operating Profit 31.46% 24.77%
Other Income/Expense, Net $5.526M $4.944M
YoY Change 11.77% 173.75%
Pretax Income $207.0M $268.7M
YoY Change -22.95% 271.6%
Income Tax $77.77M $95.61M
% Of Pretax Income 37.57% 35.58%
Net Earnings $129.2M $173.1M
YoY Change -25.36% 274.68%
Net Earnings / Revenue 7.7% 10.58%
Basic Earnings Per Share $0.40 $0.54
Diluted Earnings Per Share $0.40 $0.54
COMMON SHARES
Basic Shares Outstanding 316.0M shares 315.2M shares
Diluted Shares Outstanding 317.1M shares 316.0M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.0M $36.00M
YoY Change 316.67% -66.67%
Cash & Equivalents $34.00M $36.00M
Short-Term Investments $116.0M
Other Short-Term Assets $829.0M $174.5M
YoY Change 375.12% -81.08%
Inventory $282.0M $281.0M
Prepaid Expenses
Receivables $808.0M $789.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.068B $2.051B
YoY Change 0.82% 4.97%
LONG-TERM ASSETS
Property, Plant & Equipment $17.98B $16.93B
YoY Change 6.18% 5.46%
Goodwill $3.519B
YoY Change
Intangibles
YoY Change
Long-Term Investments $514.0M $502.0M
YoY Change 2.39% 34.95%
Other Assets $3.710B $286.5M
YoY Change 1195.12% -94.89%
Total Long-Term Assets $25.72B $9.214B
YoY Change 179.15% -63.94%
TOTAL ASSETS
Total Short-Term Assets $2.068B $2.051B
Total Long-Term Assets $25.72B $9.214B
Total Assets $27.79B $28.20B
YoY Change -1.44% 2.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $562.0M $532.0M
YoY Change 5.64% -11.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $905.0M $795.0M
YoY Change 13.84% -36.35%
Long-Term Debt Due $396.0M $888.0M
YoY Change -55.41% 30.01%
Total Short-Term Liabilities $2.803B $3.082B
YoY Change -9.05% -11.69%
LONG-TERM LIABILITIES
Long-Term Debt $8.147B $7.651B
YoY Change 6.48% 7.81%
Other Long-Term Liabilities $2.661B $899.3M
YoY Change 195.91% -79.78%
Total Long-Term Liabilities $10.81B $7.902B
YoY Change 36.78% -31.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.803B $3.082B
Total Long-Term Liabilities $10.81B $7.902B
Total Liabilities $17.88B $18.64B
YoY Change -4.05% 1.93%
SHAREHOLDERS EQUITY
Retained Earnings $1.970B
YoY Change
Common Stock $1.665B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) -$334.9M
YoY Change
Treasury Stock Shares 17.11M shares 18.25M shares
Shareholders Equity $9.909B $9.407B
YoY Change
Total Liabilities & Shareholders Equity $27.79B $28.20B
YoY Change -1.44% 2.51%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $129.2M $173.1M
YoY Change -25.36% 274.68%
Depreciation, Depletion And Amortization $152.2M $159.6M
YoY Change -4.6% 10.43%
Cash From Operating Activities $402.9M $295.9M
YoY Change 36.16% -5.04%
INVESTING ACTIVITIES
Capital Expenditures -$375.3M -$311.3M
YoY Change 20.56% -19.37%
Acquisitions
YoY Change
Other Investing Activities $5.100M $40.40M
YoY Change -87.38% -3466.67%
Cash From Investing Activities -$370.2M -$270.9M
YoY Change 36.66% -30.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.60M -49.70M
YoY Change 76.26% -72.27%
NET CHANGE
Cash From Operating Activities 402.9M 295.9M
Cash From Investing Activities -370.2M -270.9M
Cash From Financing Activities -87.60M -49.70M
Net Change In Cash -54.90M -24.70M
YoY Change 122.27% -90.31%
FREE CASH FLOW
Cash From Operating Activities $402.9M $295.9M
Capital Expenditures -$375.3M -$311.3M
Free Cash Flow $778.2M $607.2M
YoY Change 28.16% -12.97%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Depreciation
Depreciation
314530000 USD
us-gaap Interest Expense
InterestExpense
182471000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
399110000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3385000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3922000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
458000 USD
CY2014Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
115987000 USD
CY2013Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
92427000 USD
CY2014Q2 us-gaap Cost Of Purchased Power
CostOfPurchasedPower
624211000 USD
CY2014Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
373234000 USD
CY2014Q2 us-gaap Depreciation
Depreciation
152207000 USD
CY2014Q2 us-gaap Amortization Of Regulatory Asset
AmortizationOfRegulatoryAsset
-3542000 USD
CY2014Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
0 USD
CY2014Q2 nu Energy Efficiency Programs
EnergyEfficiencyPrograms
102711000 USD
CY2014Q2 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
134803000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
1383624000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3759000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
293990000 USD
CY2014Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
87491000 USD
CY2014Q2 us-gaap Interest Expense Other
InterestExpenseOther
5004000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5526000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
207021000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
77774000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
129247000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1880000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
127367000 USD
CY2013Q2 us-gaap Revenues
Revenues
1635862000 USD
CY2013Q2 us-gaap Cost Of Purchased Power
CostOfPurchasedPower
488302000 USD
CY2013Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
357169000 USD
CY2013Q2 us-gaap Depreciation
Depreciation
159553000 USD
CY2013Q2 us-gaap Amortization Of Regulatory Asset
AmortizationOfRegulatoryAsset
54574000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
1019000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3932000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-184502000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-9268000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
256294000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
97671000 USD
us-gaap Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
4793000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
19932000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
101229000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-10964000 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
58350000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
82139000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-11634000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-60898000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-9693000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
237161000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-213000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
650000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
232068000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3922000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-720500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1350000000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
40640000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
122826000 USD
CY2012Q4 us-gaap Cash
Cash
45748000 USD
CY2013Q2 us-gaap Cash
Cash
36055000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
360635000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
376650000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
65121000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2894000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-127379000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
70026000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
769024000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
700252000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
342251000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
424096000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
843000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-717819000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
92495000 USD
CY2013Q2 nu Energy Efficiency Programs
EnergyEfficiencyPrograms
94142000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
1285286000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
350576000 USD
CY2013Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
85999000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
86850000 USD
us-gaap Revenues
Revenues
3968204000 USD
us-gaap Cost Of Purchased Power
CostOfPurchasedPower
1602362000 USD
us-gaap Interest Expense Other
InterestExpenseOther
-8188000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4524000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
724922000 USD
us-gaap Depreciation
Depreciation
303014000 USD
us-gaap Amortization Of Regulatory Asset
AmortizationOfRegulatoryAsset
54356000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
0 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
280335000 USD
us-gaap Operating Expenses
OperatingExpenses
3206525000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
761679000 USD
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
174868000 USD
us-gaap Interest Expense Other
InterestExpenseOther
7603000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
7194000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
586402000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
219319000 USD
us-gaap Net Income Loss
NetIncomeLoss
367083000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3759000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
363324000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
619125000 USD
us-gaap Interest Expense
InterestExpense
163106000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
42581000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12710000 USD
us-gaap Cost Of Purchased Power
CostOfPurchasedPower
1236111000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
216093000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3922000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
769521000 USD
us-gaap Revenues
Revenues
3630885000 USD
us-gaap Net Income Loss
NetIncomeLoss
403032000 USD
us-gaap Amortization Of Regulatory Asset
AmortizationOfRegulatoryAsset
108623000 USD
nu Energy Efficiency Programs
EnergyEfficiencyPrograms
199913000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
256345000 USD
us-gaap Operating Expenses
OperatingExpenses
2861364000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
3047000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
402495000 USD
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.74
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.79
CY2014Q2 nu Proceeds From Doe Damages Claim Net
ProceedsFromDOEDamagesClaimNet
125658000 USD
nu Description Of Consolidation Of Yankee Companies
DescriptionOfConsolidationOfYankeeCompanies
NU consolidates CYAPC and YAEC as CL&P’s, NSTAR Electric’s, PSNH’s and WMECO’s combined ownership interest in each of these entities is greater than 50 percent. Intercompany transactions between CL&P, NSTAR Electric, PSNH and WMECO and the CYAPC and YAEC companies have been eliminated in consolidation of the NU financial statements. For CL&P, NSTAR Electric, PSNH and WMECO, the investments in CYAPC and YAEC continue to be accounted for under the equity method.
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
171300000 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
197400000 USD
CY2014Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
35200000 USD
CY2013Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
33000000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
79600000 USD
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
71400000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
109500000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
125500000 USD
us-gaap Description Of Postemployment Benefits
DescriptionOfPostemploymentBenefits
Severance Benefits NU recorded severance benefit expenses of $1.4 million and $5.7 million associated with the partial outsourcing of information technology functions and ongoing post-merger integration for the three and six months ended June 30, 2014, respectively. As of June 30, 2014 and December 31, 2013, the severance accrual totaled $9.3 million and $14.7 million, respectively, and was included in Other Current Liabilities on the balance sheets.
CY2014Q2 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
9300000 USD
CY2013Q4 us-gaap Postemployment Benefits Liability Current And Noncurrent
PostemploymentBenefitsLiabilityCurrentAndNoncurrent
14700000 USD
CY2014Q2 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
1400000 USD
us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
5700000 USD
nu Description Of Doe Damages Claims Proceeds
DescriptionOfDOEDamagesClaimsProceeds
In the first half of 2014, as a result of awards issued to the Yankee Companies for spent nuclear fuel lawsuits against the DOE described in Note 8C, "Commitments and Contingencies - Contractual Obligations - Yankee Companies," NU recognized total proceeds of $125.7 million, which were net of $80.6 million in proceeds CY and YAEC returned to non-affiliated member companies.
CY2014Q2 us-gaap Regulatory Assets
RegulatoryAssets
3806700000 USD
CY2013Q4 us-gaap Regulatory Assets
RegulatoryAssets
4294500000 USD
us-gaap Description Of Regulatory Costs Not Yet Approved
DescriptionOfRegulatoryCostsNotYetApproved
Regulatory Costs in Other Long-Term Assets: The Regulated companies had $64.5 million ($3.4 million for CL&P, $33.9 million for NSTAR Electric, and $12 million for WMECO) and $65.1 million ($7.3 million for CL&P, $33.4 million for NSTAR Electric, and $10.1 million for WMECO) of additional regulatory costs as of June 30, 2014 and December 31, 2013, respectively, that were included in Other Long-Term Assets on the balance sheets. These amounts represent incurred costs for which recovery has not yet been specifically approved by the applicable regulatory agency. However, based on regulatory policies or past precedent on similar costs, management believes it is probable that these costs will ultimately be approved and recovered from customers in rates.
nu Description Of Regulatory Costs Recently Approved
DescriptionOfRegulatoryCostsRecentlyApproved
Storm Restoration Costs: On March 12, 2014, the PURA approved recovery of $365 million of deferred storm restoration costs associated with five major storms that occurred in 2011 and 2012. CL&P will recover the $365 million with carrying charges in its distribution rates over a six-year period beginning December 1, 2014. On June 17, 2014, the PURA ordered CL&P to use the DOE Phase II Damages proceeds of $65.4 million to offset the $365 million in 2011 and 2012 deferred storm restoration costs, which are reflected in the deferred storm restoration costs regulatory asset. For further information on the DOE Phase II Damages proceeds received from the Yankee Companies, see Note 8C, "Commitments and Contingencies - Contractual Obligations - Yankee Companies," to the financial statements.
CY2014Q2 us-gaap Regulatory Liabilities
RegulatoryLiabilities
863900000 USD
CY2013Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
707300000 USD
us-gaap Description Of Regulatory Assets And Liabilities
DescriptionOfRegulatoryAssetsAndLiabilities
As a result of two FERC orders issued on June 19, 2014 in the pending base ROE complaint proceedings described in Note 8E, "Commitments and Contingencies – FERC Base ROE Complaints," in the second quarter of 2014, the Company recorded a series of reserves at its electric subsidiaries to recognize the potential financial impact of these rulings. The aggregate pre-tax charge totaled $54.7 million at NU, which represented reserves of $31.4 million at CL&P, $10.3 million at NSTAR Electric, $3.8 million at PSNH and $9.2 million at WMECO. As of June 30, 2014, the cumulative reserves totaled $79.3 million at NU, $44.7 million at CL&P, $16.2 million at NSTAR Electric, $6.2 million at PSNH and $12.2 million at WMECO. As of December 31, 2013, as a result of the FERC ALJ initial decision in the third quarter of 2013, the Company had an aggregate pre-tax reserve of $24.6 million at NU, which represented reserves of $13.3 million at CL&P, $5.9 million at NSTAR Electric, $2.4 million at PSNH and $3 million at WMECO. These reserves were recorded in each electric subsidiary's respective transmission regulatory tracker mechanism and as a reduction of operating revenues. As a result of awards issued to the Yankee Companies for spent nuclear fuel lawsuits against the DOE described in Note 8C, "Commitments and Contingencies - Contractual Obligations - Yankee Companies," the Yankee Companies returned the DOE Phase II Damages proceeds to the member companies, including CL&P, NSTAR Electric, PSNH, and WMECO, for the benefit of their respective customers, effective June 1, 2014. CL&P’s refund obligation to customers of $65.4 million was recorded as an offset to the deferred storm restoration costs regulatory asset, as directed by PURA. NSTAR Electric’s, PSNH’s and WMECO’s refund obligation to customers of $29.1 million, $13.1 million and $18.1 million, respectively, was recorded as a regulatory liability in each electric subsidiary’s respective regulatory tracker mechanisms.
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
12145000000 USD
CY2014Q2 nu Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
2467400000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
6508000000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
1167900000 USD
CY2014Q2 nu Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
22288300000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
506500000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
22794800000 USD
CY2014Q2 nu Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
5575800000 USD
CY2014Q2 nu Other Accumulated Depreciation
OtherAccumulatedDepreciation
207700000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
5783500000 USD
CY2014Q2 nu Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
17011300000 USD
CY2014Q2 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
967400000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
11950200000 USD
CY2013Q4 nu Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
2425900000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
6412500000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
1152300000 USD
CY2013Q4 nu Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
21940900000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
508700000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
22449600000 USD
CY2013Q4 nu Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
5387000000 USD
CY2013Q4 nu Other Accumulated Depreciation
OtherAccumulatedDepreciation
196200000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
5583200000 USD
CY2013Q4 nu Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
16866400000 USD
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
709800000 USD
us-gaap Description Of Derivative Activity Volume
DescriptionOfDerivativeActivityVolume
Commodity Supply and Price Risk Management: As required by regulation, CL&P, along with UI, has capacity-related contracts with generation facilities. CL&P has a sharing agreement with UI, with 80 percent of each contract allocated to CL&P and 20 percent allocated to UI. The combined capacity of these contracts is 787 MW. The capacity contracts extend through 2026 and obligate both CL&P and UI to make or receive payments on a monthly basis to or from the generation facilities based on the difference between a set capacity price and the forward capacity market price received in the ISO-NE capacity markets. In addition, CL&P has a contract to purchase 0.1 million MWh of energy per year through 2020. NSTAR Electric has a renewable energy contract to purchase 0.1 million MWh of energy per year through 2018 and a capacity-related contract to purchase up to 35 MW per year through 2019. As of June 30, 2014 and December 31, 2013, NU had NYMEX future contracts in order to reduce variability associated with the purchase price of approximately 6.6 million and 9.1 million MMBtu of natural gas, respectively.
CY2014Q2 nu Derivative Instruments Gain Loss Recognized In Regulatory Asset Liability
DerivativeInstrumentsGainLossRecognizedInRegulatoryAssetLiability
111600000 USD
CY2013Q2 nu Derivative Instruments Gain Loss Recognized In Regulatory Asset Liability
DerivativeInstrumentsGainLossRecognizedInRegulatoryAssetLiability
22200000 USD
CY2013Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
500000 USD
nu Derivative Instruments Gain Loss Recognized In Regulatory Asset Liability
DerivativeInstrumentsGainLossRecognizedInRegulatoryAssetLiability
166000000 USD
nu Derivative Instruments Gain Loss Recognized In Regulatory Asset Liability
DerivativeInstrumentsGainLossRecognizedInRegulatoryAssetLiability
50100000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
800000 USD
CY2014Q2 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
600000 USD
nu Fairvalueinputsexitpricepremium
Fairvalueinputsexitpricepremium
Exit price premiums of 8 percent through 25 percent are also applied on these contracts and reflect the most recent market activity available for similar type contracts.
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
564300000 USD
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1300000 USD
CY2013Q2 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
22700000 USD
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
21000000 USD
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
788100000 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 USD
CY2014Q2 nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
111800000 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
21600000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
635200000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
43000000 USD
nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
161300000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
7100000 USD
nu Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
48900000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
34500000 USD
CY2014Q2 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
59600000 USD
CY2014Q2 us-gaap Trading Securities Equity
TradingSecuritiesEquity
24900000 USD
CY2013Q4 nu Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
57200000 USD
CY2014Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
2200000 USD
CY2013Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
100000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
2400000 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
4300000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
1400000 USD
CY2014Q2 us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
900000 USD
CY2014Q2 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
444300000 USD
CY2013Q4 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
424000000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
75900000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
73900000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
56100000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
102400000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
308300000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
75800000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
74600000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
57700000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
107200000 USD
CY2014Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
315300000 USD
CY2014Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
630000000 USD
CY2013Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
580900000 USD
nu Description Of Working Capital
DescriptionOfWorkingCapital
Working Capital: Each of NU, CL&P, NSTAR Electric, PSNH and WMECO use its available capital resources to fund its respective construction expenditures, meet debt requirements, pay operating 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 recover their electric and natural gas distribution construction expenditures as the related project costs are depreciated over the life of the assets. 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 current liabilities exceeding current assets by approximately $730 million, $220 million and $200 million at NU, CL&P and NSTAR Electric, respectively, as of June 30, 2014. As of June 30, 2014, $366.7 million of NU's obligations classified as current liabilities relates to long-term debt that will be paid in the next 12 months, consisting of $312 million for CL&P, $4.7 million at NSTAR Electric and $50 million for PSNH. In addition, $28.9 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, PSNH and WMECO will reduce their short-term borrowings with cash received from operating cash flows or with the issuance of new long-term debt, determined considering capital requirements and maintenance of NU's credit rating and profile. Management expects the future operating cash flows of NU, CL&P, NSTAR Electric, PSNH and WMECO, along with the access to financial markets, will be sufficient to meet any future operating requirements and capital investment forecasted opportunities
CY2014Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
710500000 USD
CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
1010000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
739500000 USD
CY2013Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
435500000 USD
CY2014Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0025 pure
CY2013Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0024 pure
nu Description Of Commercial Paper Program
DescriptionOfCommercialPaperProgram
Effective July 23, 2014, NU parent, CL&P, PSNH, WMECO, NSTAR Gas and Yankee Gas amended their joint $1.45 billion revolving credit facility to extend the expiration date an additional year to September 6, 2019. The revolving credit facility is to be used primarily to backstop NU parent’s $1.45 billion commercial paper program. The commercial paper program allows NU parent to issue commercial paper as a form of short-term debt. As of June 30, 2014 and December 31, 2013, NU had $710.5 million and $1.01 billion, respectively, in short-term borrowings outstanding under the NU parent commercial paper program, leaving $739.5 million and $435.5 million of available borrowing capacity as of June 30, 2014 and December 31, 2013, respectively. The weighted-average interest rate on these borrowings as of June 30, 2014 and December 31, 2013 was 0.25 percent and 0.24 percent, respectively, which is generally based on A2/P2 rated commercial paper. As of June 30, 2014, there were intercompany loans from NU of $6.4 million to CL&P, $95 million to PSNH and $15.9 million to WMECO. As of December 31, 2013, there were intercompany loans from NU of $287.3 million to CL&P and $86.5 million to PSNH. Effective July 23, 2014, NSTAR Electric amended its $450 million revolving credit facility to extend the expiration date an additional year to September 6, 2019. This facility serves to backstop NSTAR Electric’s existing $450 million commercial paper program. As of June 30, 2014 and December 31, 2013, NSTAR Electric had $194.5 million and $103.5 million, respectively, in short-term borrowings outstanding under its commercial paper program, leaving $255.5 million and $346.5 million of available borrowing capacity as of June 30, 2014 and December 31, 2013, respectively. The weighted-average interest rate on these borrowings as of June 30, 2014 and December 31, 2013 was 0.16 percent and 0.13 percent, respectively, which is generally based on A2/P1 rated commercial paper.
us-gaap Long Term Debt Description
LongTermDebtDescription
: On January 2, 2014, Yankee Gas issued $100 million of 4.82 percent Series L First Mortgage Bonds, due to mature in 2044. The proceeds, net of issuance costs, were used to repay the $75 million 4.80 percent Series G First Mortgage Bonds that matured on January 1, 2014 and to pay $25 million in short-term borrowings. In accordance with applicable accounting guidance, these amounts were classified as Long-Term Debt on NU’s balance sheet as of December 31, 2013. On March 7, 2014, NSTAR Electric issued $300 million of 4.40 percent debentures, due to mature in 2044. The proceeds, net of issuance costs, were used to repay the $300 million of 4.875 percent debentures that matured on April 15, 2014. On April 24, 2014, CL&P issued $250 million of 4.30 percent 2014 Series A First Mortgage Bonds, due to mature in April 2044. The proceeds, net of issuance costs, were used to repay short-term borrowings. On July 15, 2014, PSNH repaid at maturity the $50 million of 5.25 percent Series L First Mortgage Bonds using On January 2, 2014, Yankee Gas issued $100 million of 4.82 percent Series L First Mortgage Bonds, due to mature in 2044. The proceeds, net of issuance costs, were used to repay the $75 million 4.80 percent Series G First Mortgage Bonds that matured on January 1, 2014 and to pay $25 million in short-term borrowings. In accordance with applicable accounting guidance, these amounts were classified as Long-Term Debt on NU’s balance sheet as of December 31, 2013. On March 7, 2014, NSTAR Electric issued $300 million of 4.40 percent debentures, due to mature in 2044. The proceeds, net of issuance costs, were used to repay the $300 million of 4.875 percent debentures that matured on April 15, 2014. On April 24, 2014, CL&P issued $250 million of 4.30 percent 2014 Series A First Mortgage Bonds, due to mature in April 2044. The proceeds, net of issuance costs, were used to repay short-term borrowings. On July 15, 2014, PSNH repaid at maturity the $50 million of 5.25 percent Series L First Mortgage Bonds using short-term debt.
CY2013 nu Environmental Site Quantity
EnvironmentalSiteQuantity
68 pure
CY2014Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
34500000 USD
CY2013Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
35400000 USD
nu Environmental Site Quantity
EnvironmentalSiteQuantity
66 pure
CY2013Q4 nu Court Of Federal Claims Ruling To Cyapc
CourtOfFederalClaimsRulingToCyapc
126300000 USD
CY2013Q4 nu Court Of Federal Claims Ruling To Yaec
CourtOfFederalClaimsRulingToYaec
73300000 USD
CY2014Q2 nu Yankee Atomic Proceeds Received
YankeeAtomicProceedsReceived
73300000 USD
CY2014Q2 nu Maine Yankee Proceeds Received
MaineYankeeProceedsReceived
35800000 USD
CY2013Q4 nu Trial Court Ruling To Myapc
TrialCourtRulingToMyapc
35800000 USD
CY2014Q2 nu Connecticut Yankee Proceeds Received
ConnecticutYankeeProceedsReceived
126300000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
400000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
-500000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
900000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
32000000 USD
nu Othercomprehensiveincomebeforereclassifications
Othercomprehensiveincomebeforereclassifications
1700000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-14400000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-13400000 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
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
700000 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
nu Othercomprehensiveincomebeforereclassifications
Othercomprehensiveincomebeforereclassifications
-700000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-15400000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
600000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
54700000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
69500000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
72900000 USD
CY2014Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesAfterTax
1200000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
29000000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-800000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-1200000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
500000 USD
CY2014Q2 nu Amountreclassifiedfromaoci
Amountreclassifiedfromaoci
1200000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
300000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-800000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
300000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
500000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-2200000 USD
CY2013Q2 nu Amountreclassifiedfromaoci
Amountreclassifiedfromaoci
2000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-1700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-1700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-2900000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-4700000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
3100000 USD
nu Amountreclassifiedfromaoci
Amountreclassifiedfromaoci
2800000 USD
nu Amountreclassifiedfromaoci
Amountreclassifiedfromaoci
4100000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-1200000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-2200000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-3000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-4800000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-100000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
500000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
700000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1200000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1800000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1500000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
700000 USD
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1162291 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
808489 shares
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
333113492 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
333327485 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2014Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
17108131 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
17796672 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
5
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
380000000 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
316219354 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
315273559 shares
CY2014Q2 nu Other Transcations Net
OtherTranscationsNet
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
nu Other Transcations Net
OtherTranscationsNet
0 USD
us-gaap Dividends Common Stock
DividendsCommonStock
0 USD
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315950510 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317112801 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315154130 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
315962619 shares
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315742511 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
315141956 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1259950 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
840622 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317002461 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
315982578 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3150 shares
dei Entity Registrant Name
EntityRegistrantName
NORTHEAST UTILITIES
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000072741
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
316385790 shares
CY2014Q2 dei Entity Public Float
EntityPublicFloat
14947688864 USD
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
dei Amendment Flag
AmendmentFlag
false

Files In Submission

Name View Source Status
0000072741-14-000040-index-headers.html Edgar Link pending
0000072741-14-000040-index.html Edgar Link pending
0000072741-14-000040.txt Edgar Link pending
0000072741-14-000040-xbrl.zip Edgar Link pending
exh12clp.htm Edgar Link pending
exh12nstarelectric.htm Edgar Link pending
exh12nu.htm Edgar Link pending
exh12psnh.htm Edgar Link pending
exh12wmeco.htm Edgar Link pending
exh311clp.htm Edgar Link pending
exh311nstar.htm Edgar Link pending
exh311nu.htm Edgar Link pending
exh311psnh.htm Edgar Link pending
exh311wmeco.htm Edgar Link pending
exh31clp.htm Edgar Link pending
exh31nstar.htm Edgar Link pending
exh31nu.htm Edgar Link pending
exh31psnh.htm Edgar Link pending
exh31wmeco.htm Edgar Link pending
exh32clp.htm Edgar Link pending
exh32nstar.htm Edgar Link pending
exh32nu.htm Edgar Link pending
exh32psnh.htm Edgar Link pending
exh32wmeco.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
june2014form10q.htm Edgar Link pending
june2014form10q002.gif Edgar Link pending
nu-20140630.xml Edgar Link completed
nu-20140630.xsd Edgar Link pending
nu-20140630_cal.xml Edgar Link unprocessable
nu-20140630_def.xml Edgar Link unprocessable
nu-20140630_lab.xml Edgar Link unprocessable
nu-20140630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending