2014 Q4 Form 10-K Financial Statement
#000007274115000013 Filed on February 25, 2015
Income Statement
Concept | 2014 Q4 | 2013 Q4 | 2013 Q3 |
---|---|---|---|
Revenue | $1.881B | $1.778B | $1.893B |
YoY Change | 5.82% | 5.56% | 1.67% |
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 | $158.5M | $147.2M | $149.1M |
YoY Change | 7.68% | -1.34% | -35.54% |
% of Gross Profit | |||
Operating Expenses | $1.451B | $1.417B | $1.493B |
YoY Change | 2.39% | 4.77% | 3.09% |
Operating Profit | $430.2M | $360.6M | $399.3M |
YoY Change | 19.3% | 8.81% | -3.29% |
Interest Expense | -$89.90M | -$88.10M | $87.48M |
YoY Change | 2.04% | 4.76% | -3.19% |
% of Operating Profit | -20.9% | -24.43% | 21.91% |
Other Income/Expense, Net | $5.600M | $8.200M | $8.945M |
YoY Change | -31.71% | 70.83% | 106.87% |
Pretax Income | $345.9M | $280.8M | $320.7M |
YoY Change | 23.18% | 11.38% | -1.89% |
Income Tax | $122.4M | $101.5M | $109.4M |
% Of Pretax Income | 35.39% | 36.15% | 34.11% |
Net Earnings | $223.6M | $179.2M | $211.4M |
YoY Change | 24.78% | 1.47% | 0.91% |
Net Earnings / Revenue | 11.89% | 10.08% | 11.17% |
Basic Earnings Per Share | $0.66 | ||
Diluted Earnings Per Share | $696.6K | $560.2K | $0.66 |
COMMON SHARES | |||
Basic Shares Outstanding | 316.8M shares | 315.1M shares | 315.3M shares |
Diluted Shares Outstanding | 316.2M shares |
Balance Sheet
Concept | 2014 Q4 | 2013 Q4 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $39.00M | $43.00M | $58.00M |
YoY Change | -9.3% | -6.52% | -62.58% |
Cash & Equivalents | $39.00M | $43.00M | $58.00M |
Short-Term Investments | |||
Other Short-Term Assets | $1.110B | $214.3M | $871.0M |
YoY Change | 417.99% | 7.17% | 671.04% |
Inventory | $350.0M | $303.0M | $305.0M |
Prepaid Expenses | |||
Receivables | $856.0M | $765.0M | $784.0M |
Other Receivables | $338.0M | $17.00M | $0.00 |
Total Short-Term Assets | $2.692B | $2.087B | $2.018B |
YoY Change | 28.99% | -6.3% | -5.66% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $18.65B | $17.58B | $17.19B |
YoY Change | 6.09% | 5.85% | 5.42% |
Goodwill | $3.519B | $3.519B | |
YoY Change | 0.0% | 0.0% | |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $515.0M | $489.0M | $468.0M |
YoY Change | 5.32% | 22.25% | 18.78% |
Other Assets | $312.4M | $291.5M | $5.251B |
YoY Change | 7.15% | -11.05% | 1645.56% |
Total Long-Term Assets | $8.401B | $8.132B | $26.43B |
YoY Change | 3.3% | -14.13% | 183.7% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.692B | $2.087B | $2.018B |
Total Long-Term Assets | $8.401B | $8.132B | $26.43B |
Total Assets | $29.74B | $27.80B | $28.44B |
YoY Change | 7.0% | -1.79% | 2.47% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $868.2M | $742.3M | $554.0M |
YoY Change | 16.97% | -2.89% | 2.08% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $957.0M | $1.093B | $1.343B |
YoY Change | -12.44% | -2.41% | -1.18% |
Long-Term Debt Due | $245.6M | $533.3M | $608.0M |
YoY Change | -53.95% | -30.13% | -30.89% |
Total Short-Term Liabilities | $3.134B | $3.276B | $3.378B |
YoY Change | -4.31% | -10.1% | -11.12% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $8.606B | $7.777B | $7.444B |
YoY Change | 10.66% | 8.01% | 10.57% |
Other Long-Term Liabilities | $874.4M | $923.1M | $3.994B |
YoY Change | -5.27% | -4.6% | 358.33% |
Total Long-Term Liabilities | $7.905B | $6.976B | $11.44B |
YoY Change | 13.32% | -12.63% | 46.82% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.134B | $3.276B | $3.378B |
Total Long-Term Liabilities | $7.905B | $6.976B | $11.44B |
Total Liabilities | $11.04B | $10.25B | $18.77B |
YoY Change | 7.69% | -11.84% | 61.94% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.449B | $2.126B | |
YoY Change | 15.18% | 17.93% | |
Common Stock | $1.667B | $1.665B | |
YoY Change | 0.09% | 0.17% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | -$300.5M | -$326.5M | |
YoY Change | -7.98% | -3.57% | |
Treasury Stock Shares | 16.38M shares | 17.80M shares | 18.14M shares |
Shareholders Equity | $9.977B | $9.612B | $9.673B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $29.78B | $27.80B | $28.44B |
YoY Change | 7.13% | -1.79% | 2.47% |
Cashflow Statement
Concept | 2014 Q4 | 2013 Q4 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $223.6M | $179.2M | $211.4M |
YoY Change | 24.78% | 1.47% | 0.91% |
Depreciation, Depletion And Amortization | $158.5M | $147.2M | $149.1M |
YoY Change | 7.68% | -1.34% | -35.54% |
Cash From Operating Activities | $248.0M | $486.5M | $408.0M |
YoY Change | -49.02% | 33.21% | -14.21% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$486.2M | -$383.0M | -$373.5M |
YoY Change | 26.95% | -1.92% | -4.57% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $17.60M | $800.0K | $32.40M |
YoY Change | 2100.0% | -104.97% | 63.64% |
Cash From Investing Activities | -$468.6M | -$382.2M | -$341.2M |
YoY Change | 22.61% | -6.0% | -8.18% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 217.7M | -118.9M | -44.90M |
YoY Change | -283.1% | -967.88% | -24.03% |
NET CHANGE | |||
Cash From Operating Activities | 248.0M | 486.5M | 408.0M |
Cash From Investing Activities | -468.6M | -382.2M | -341.2M |
Cash From Financing Activities | 217.7M | -118.9M | -44.90M |
Net Change In Cash | -2.900M | -14.60M | 21.90M |
YoY Change | -80.14% | -47.29% | -51.22% |
FREE CASH FLOW | |||
Cash From Operating Activities | $248.0M | $486.5M | $408.0M |
Capital Expenditures | -$486.2M | -$383.0M | -$373.5M |
Free Cash Flow | $734.2M | $869.5M | $781.5M |
YoY Change | -15.56% | 15.06% | -9.86% |
Facts In Submission
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Operating Expenses
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Notes Payable
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|
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Repayments Of Secured Debt
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|
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Deferred Income Tax Expense Benefit
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|
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IncreaseDecreaseInIncomeTaxesReceivable
|
5450000 | USD |
CY2012 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-128339000 | USD |
CY2012 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-8532000 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1161229000 | USD |
CY2012 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1472272000 | USD |
CY2012 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
317294000 | 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 |
CY2012 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
114433000 | USD |
CY2012 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
839136000 | 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 |
CY2011Q4 | us-gaap |
Cash
Cash
|
6559000 | USD |
CY2014 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
475227000 | USD |
CY2014 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
7519000 | USD |
CY2014 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
285075000 | USD |
CY2014 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
725000000 | 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 |
CY2014 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
211649000 | USD |
CY2012 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
295028000 | USD |
CY2013 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
431413000 | USD |
CY2013 | us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
195698000 | USD |
CY2013 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
342184000 | USD |
CY2013 | us-gaap |
Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
|
24276000 | USD |
CY2013 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
56071000 | USD |
CY2013 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
163549000 | USD |
CY2013 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
14811000 | USD |
CY2013 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
50950000 | USD |
CY2013 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-54619000 | USD |
CY2013 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
22623000 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1663539000 | USD |
CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1456787000 | USD |
CY2013 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
627532000 | USD |
CY2013 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
679784000 | USD |
CY2013 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-67816000 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1441223000 | USD |
CY2013 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
462741000 | USD |
CY2013 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
7682000 | USD |
CY2013 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-397000000 | USD |
CY2013 | us-gaap |
Fuel Costs
FuelCosts
|
139500000 | USD |
CY2014 | us-gaap |
Fuel Costs
FuelCosts
|
164300000 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1680000000 | USD |
CY2013 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
82139000 | USD |
CY2013 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-25253000 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-224700000 | USD |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-2384000 | USD |
CY2012Q4 | us-gaap |
Cash
Cash
|
45748000 | USD |
CY2014 | nu |
Proceeds From Doe Damages Claim Net
ProceedsFromDoeDamagesClaimNet
|
132138000 | USD |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
171300000 | USD |
CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
175300000 | USD |
CY2014Q4 | nu |
Uncollectible Hardship Accounts Receivable Reserve
UncollectibleHardshipAccountsReceivableReserve
|
91500000 | USD |
CY2013Q4 | nu |
Uncollectible Hardship Accounts Receivable Reserve
UncollectibleHardshipAccountsReceivableReserve
|
81200000 | USD |
CY2014Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3200000 | USD |
CY2013Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1700000 | USD |
CY2013Q4 | nu |
Cash Collateral Deposited
CashCollateralDeposited
|
17900000 | USD |
CY2014Q4 | nu |
Cash Collateral Deposited
CashCollateralDeposited
|
9900000 | USD |
CY2014 | nu |
Fuel Power Costs
FuelPowerCosts
|
599400000 | USD |
CY2013 | nu |
Fuel Power Costs
FuelPowerCosts
|
466500000 | USD |
CY2012 | nu |
Fuel Power Costs
FuelPowerCosts
|
346800000 | USD |
CY2014 | us-gaap |
Interest Paid Net
InterestPaidNet
|
349600000 | USD |
CY2013 | us-gaap |
Interest Paid Net
InterestPaidNet
|
343300000 | USD |
CY2014 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
|
-5800000 | USD |
CY2014 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
|
13700000 | USD |
CY2014 | nu |
Public Utilities Allowance For Funds Used During Construction Capitalized Total
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedTotal
|
19500000 | USD |
CY2013 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
|
-4100000 | USD |
CY2013 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity
|
7100000 | USD |
CY2013 | nu |
Public Utilities Allowance For Funds Used During Construction Capitalized Total
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedTotal
|
11200000 | 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 |
CY2014 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
|
0.034 | pure |
CY2013 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
|
0.027 | pure |
CY2012 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Rate
PublicUtilitiesAllowanceForFundsUsedDuringConstructionRate
|
0.037 | pure |
CY2014 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
148200000 | USD |
CY2013 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
144100000 | USD |
CY2012 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
135000000 | USD |
CY2014 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
181900000 | USD |
CY2013 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
193100000 | USD |
CY2012 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
160600000 | USD |
CY2012 | us-gaap |
Interest Paid Net
InterestPaidNet
|
356500000 | USD |
CY2012 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-12800000 | USD |
CY2013 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
50000000 | USD |
CY2014 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
334200000 | USD |
CY2014 | us-gaap |
Description Of Postemployment Benefits
DescriptionOfPostemploymentBenefits
|
For the years ended December 31, 2014 and 2013, NU recorded severance benefit expenses of $15 million and $9.7 million, respectively, in connection with the partial outsourcing of information technology functions and facilities closures, as well as ongoing post-merger integration. As of December 31, 2014 and 2013, the severance accrual totaled $10.4 million and $14.7 million, respectively, and was included in Other Current Liabilities on the balance sheets. | |
CY2013 | us-gaap |
Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
|
9700000 | USD |
CY2013Q4 | us-gaap |
Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
|
14700000 | USD |
CY2014 | us-gaap |
Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
|
15000000 | USD |
CY2014Q4 | us-gaap |
Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
|
10400000 | USD |
CY2014Q4 | nu |
Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
|
5777800000 | USD |
CY2014Q4 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
4726600000 | USD |
CY2013Q4 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
4294500000 | USD |
CY2014Q4 | us-gaap |
Amount Of Regulatory Costs Not Yet Approved
AmountOfRegulatoryCostsNotYetApproved
|
60500000 | USD |
CY2013Q4 | us-gaap |
Amount Of Regulatory Costs Not Yet Approved
AmountOfRegulatoryCostsNotYetApproved
|
65100000 | USD |
CY2014 | 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 PBOP plans. The liability recorded by the Regulated companies to recognize the funded status of their retiree benefit plans are offset by regulatory assets in lieu of a charge to Accumulated Other Comprehensive Income/(Loss), reflecting ultimate recovery from customers through rates. All amounts are remeasured annually. Regulatory accounting was also applied to the portions of NU's service company costs that support the Regulated companies, as these amounts are also recoverable. As these regulatory assets do not represent a cash outlay for the Regulated companies, no carrying charge is recovered from customers. The increase in the funded status liability of the retiree benefit plans and the corresponding regulatory assets was primarily driven by a change in mortality assumptions, which increased the estimate of benefits to be provided to plan participants, and a decrease in the discount rate assumption. For further information on the funded status liability and related regulatory assets of the Pension, SERP and PBOP plans, see Note 9A, "Employee Benefits – Pension Benefits and Postretirement Benefits Other Than Pensions." CL&P, NSTAR Electric, PSNH and WMECO recover benefit costs related to their distribution and transmission operations from customers in rates as allowed by their applicable regulatory commissions. NSTAR Electric and WMECO each recover their qualified pension and PBOP expenses related to distribution operations through rate reconciling mechanisms that fully track the change in net pension and PBOP expenses each year. Derivative Liabilities: Regulatory assets recorded as an offset to derivative liabilities relate to the fair value of contracts used to purchase energy and energy-related products that will be recovered from customers in future rates. See Note 4, "Derivative Instruments," to the financial statements for further information.  These assets are excluded from rate base and are being recovered as the actual settlements occur over the duration of the contracts. 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 10, "Income Taxes," to the financial statements. Storm Restoration Costs: The storm restoration cost deferrals relate to costs incurred at CL&P, NSTAR Electric, PSNH and WMECO that each company expects to recover 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 are deferred and recovered from customers. In addition to storm restoration costs, CL&P and PSNH are each allowed to recover storm pre-staging costs in accordance with applicable regulation. CL&P, NSTAR Electric, PSNH and WMECO experienced several significant storm events, including Tropical Storm Irene in 2011, the October 2011 snowstorm, Storm Sandy in 2012 and the February 2013 blizzard. As a result of these storm events, each company suffered extensive damage to its distribution and transmission systems resulting in customer outages. Each company incurred significant costs to repair damage and restore customers' service. In addition, on November 26, 2014, a snowstorm caused damage to the electric delivery systems of PSNH and WMECO. This snowstorm resulted in estimated deferred storm restoration costs of approximately $23 million at PSNH and approximately $3 million at WMECO. The storm restoration cost regulatory asset balance at CL&P, NSTAR Electric, PSNH and WMECO reflects deferrable costs incurred for major storm events. Management believes the storm restoration costs were prudent and meet the criteria for specific cost recovery in Connecticut, Massachusetts and New Hampshire, and that recovery from customers is probable through the applicable regulatory recovery process. Storm Filings: Each electric utility has sought, or is seeking, recovery of its deferred storm restoration costs through its applicable regulatory recovery process. CL&P: As of December 31, 2014, all CL&P deferred storm costs have been reviewed and approved for recovery in distribution rates. On March 12, 2014, the PURA approved recovery of $365 million of deferred storm restoration costs (with carrying charges) associated with five major storms that occurred in 2011 and 2012 and ordered CL&P to capitalize approximately $18 million of the deferred storm restoration costs as utility plant, which will be recovered through depreciation expense in future rate proceedings. CL&P will recover the $365 million in its distribution rates over a six-year period that commenced on December 1, 2014. The remaining costs were either disallowed or are probable of recovery from other sources. These costs did not have a material impact on CL&P’s financial position, results of operations or cash flows. Effective June 1, 2014, CL&P received $65.4 million of DOE Phase II Damages proceeds. On June 17, 2014, the PURA ordered CL&P to refund these proceeds to customers by offsetting the deferred storm restoration costs regulatory asset. For further information on the DOE Phase II Damages proceeds received from the Yankee Companies, see Note 11C, "Commitments and Contingencies - Contractual Obligations - Yankee Companies," to the financial statements. On December 17, 2014, as part of the distribution rate case decision, CL&P was also allowed recovery of the 2013 storm costs and residual 2012 Storm Sandy costs over a seven-year period that commenced on December 1, 2014. NSTAR Electric: On December 30, 2013, the DPU approved recovery of $34.2 million of NSTAR Electric’s storm restoration costs, plus carrying costs, related to Tropical Storm Irene in 2011 and the October 2011 snowstorm. NSTAR Electric is recovering these costs, plus carrying costs, in its distribution rates over a five-year period that commenced on January 1, 2014. PSNH: On June 27, 2013, the NHPUC approved an increase to PSNH’s distribution rates effective July 1, 2013, which included a $5 million increase to the level of funding for the major storm cost reserve. The major storm cost reserve is used to offset the storm restoration cost regulatory asset. On April 7, 2014, PSNH received an audit report from the NHPUC approving storm costs from 2011 through March 2013. WMECO: On December 20, 2013, the DPU approved WMECO's 2013 Annual Storm Reserve Recovery Cost Adjustment filing to begin recovering the October 2011 snowstorm and 2012 Storm Sandy restoration costs, which commenced on January 1, 2014, subject to further review and reconciliation. On December 5, 2014, the DPU approved the majority of deferred storm costs through 2011. Goodwill-related: The goodwill regulatory asset originated from the transaction that created NSTAR in 1999. This regulatory asset is currently being amortized and recovered from customers in rates without a carrying charge over a 40-year period (as of December 31, 2014, there were 25 years of amortization remaining). Regulatory Tracker Mechanisms: The Regulated companies’ approved rates are designed to recover their incurred costs to provide service to customers. The Regulated companies recover certain of their costs on a fully-reconciling basis through regulatory commission-approved tracking mechanisms. The difference between the costs incurred (or the rate recovery allowed) and the actual revenues is recorded as regulatory assets (for undercollections) or regulatory liabilities (for overcollections) to be included in future customer rates each year. Carrying charges are recorded on all material regulatory tracker mechanisms. CL&P, NSTAR Electric, PSNH and WMECO each recover the costs associated with the procurement of energy, transmission related costs from FERC-approved transmission tariffs, energy efficiency programs, low income assistance programs, and restructuring and stranded costs as a result of deregulation, on a fully reconciling basis. Energy procurement costs at PSNH include the costs related to its generating stations. WMECO's and CL&P's (effective December 1, 2014) distribution revenue is decoupled from their customer sales volume. CL&P and WMECO reconcile their annual base distribution rate recovery to a pre-established level of baseline distribution delivery service revenue. Any difference between the allowed level of distribution revenue and the actual amount incurred during a 12-month period is adjusted through rates in the following period. Contractual Obligations - Yankee Companies: CL&P, NSTAR Electric, PSNH and WMECO are responsible for their proportionate share of the remaining costs of the CYAPC, YAEC and MYAPC nuclear facilities, including nuclear fuel storage. A portion of these amounts was recorded as a regulatory asset. Amounts for CL&P are earning a return and are being recovered through the CTA. Amounts for NSTAR Electric and WMECO are being recovered without a return through the transition charge. Amounts for PSNH were fully recovered in 2006. As a result of NU's consolidation of CYAPC and YAEC, NU's regulatory asset balance also includes the regulatory assets of CYAPC and YAEC, which totaled $97.8 million and $129.8 million as of December 31, 2014 and 2013, respectively. 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. Buy Out Agreements for Power Contracts: NSTAR Electric's balance represents the contract termination liability related to certain purchase power contract buy out agreements that were executed in 2004. The contracts’ termination payments occur through September 2016 and are collected from customers through NSTAR Electric’s transition charge over the same period. NSTAR Electric does not earn a return on this regulatory asset. 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. Other Regulatory Assets: Other Regulatory Assets primarily include asset retirement obligations, environmental remediation costs, losses associated with the reacquisition or redemption of long-term debt and various other items, partially offset by purchase price adjustments recorded as Regulatory Assets in connection with the merger with NSTAR. Regulatory Liabilities: The components of regulatory liabilities are as follows: 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: AFUDC was recorded by CL&P and WMECO 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, 2014, 50 percent of which was recorded as a regulatory liability to reflect rate base recovery for 50 percent of the CWIP as a result of FERC-approved transmission incentives. 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. 2014 Regulatory Developments: As a result of actions taken by the FERC and other developments in the pending base ROE complaint proceedings described in Note 11E, "Commitments and Contingencies – FERC Base ROE Complaints," in 2014 the Company recorded reserves at its electric subsidiaries to recognize the potential financial impact of the first and second complaints. As of December 31, 2014, the cumulative pre-tax reserves (excluding interest), which exclude refunds for the first complaint refund period, totaled $60.7 million at NU, $33.5 million at CL&P, $13.6 million at NSTAR Electric, $5.1 million at PSNH and $8.5 million at WMECO. As of December 31, 2013, as a result of the 2013 FERC ALJ initial decision, the Company had an aggregate pre-tax reserve (excluding interest) of $23.7 million at NU, $12.8 million at CL&P, $5.7 million at NSTAR Electric, $2.3 million at PSNH and $2.9 million at WMECO. These reserves were recorded as a regulatory liability in Regulatory Tracker Mechanisms and as a reduction of Operating Revenues. Effective June 1, 2014, as a result of damages awarded to the Yankee Companies for spent nuclear fuel lawsuits against the DOE described in Note 11C, "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. 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 Regulatory Tracker Mechanisms. Refunds to customers for these DOE proceeds began in 2014. On December 31, 2014, NSTAR Electric, NSTAR Gas and the Massachusetts Attorney General filed a comprehensive settlement agreement with the DPU. The comprehensive settlement agreement included resolution of the outstanding NSTAR Electric CPSL program filings for the periods 2006 through 2011, the NSTAR Electric and NSTAR Gas PAM and energy efficiency-related customer billing adjustments reported in 2012, and the NSTAR Electric energy efficiency program filings regarding LBR for the periods 2008 through 2011. If approved by the DPU, NSTAR Electric and NSTAR Gas will be required to refund a total of $44.7 million to their respective customers, which was included in Regulatory Tracker Mechanisms and Other Regulatory Liabilities as of December 31, 2014. For further information, see Note 11F, "Commitments and Contingencies – 2014 Comprehensive Settlement Agreement." | |
CY2014Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
750100000 | USD |
CY2013Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
707300000 | USD |
CY2014 | 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 over the lives of the plant assets 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. | |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
|
12495200000 | USD |
CY2014Q4 | nu |
Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
|
2595400000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
|
6930700000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
|
1170900000 | USD |
CY2014Q4 | nu |
Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
|
23192200000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
|
551300000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
|
23743500000 | USD |
CY2014Q4 | nu |
Other Accumulated Depreciation
OtherAccumulatedDepreciation
|
231800000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
|
6009600000 | USD |
CY2014Q4 | nu |
Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
|
17733900000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
|
913100000 | 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 |
CY2014 | us-gaap |
Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
|
0.030 | pure |
CY2013 | us-gaap |
Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
|
0.028 | pure |
CY2012 | us-gaap |
Public Utilities Property Plant And Equipment Disclosure Of Composite Depreciation Rate For Plants In Service
PublicUtilitiesPropertyPlantAndEquipmentDisclosureOfCompositeDepreciationRateForPlantsInService
|
0.025 | pure |
CY2014Q4 | nu |
Distribution Assets Average Useful Life
DistributionAssetsAverageUsefulLife
|
34.9 | pure |
CY2014Q4 | nu |
Transmission Assets Average Useful Life
TransmissionAssetsAverageUsefulLife
|
42.5 | pure |
CY2014Q4 | nu |
Generation Assets Average Useful Life
GenerationAssetsAverageUsefulLife
|
31.9 | pure |
CY2014Q4 | nu |
Other Assets Average Useful Life
OtherAssetsAverageUsefulLife
|
14.2 | pure |
CY2014 | 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 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 December 31, 2014 and 2013, NU had NYMEX future contracts in order to reduce variability associated with the purchase price of approximately 8.8 million and 9.1 million MMBtu of natural gas, respectively. | |
CY2014Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
10000000 | USD |
CY2014Q4 | us-gaap |
Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
|
10000000 | USD |
CY2014 | nu |
Fairvalueinputsexitpricepremium
Fairvalueinputsexitpricepremium
|
Exit price premiums of 7 percent through 24 percent are also applied on these contracts and reflect the most recent market activity available for similar type contracts. | |
CY2012Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
878600000 | USD |
CY2013 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
74200000 | USD |
CY2013Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
635200000 | USD |
CY2014Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
415400000 | USD |
CY2014 | nu |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
|
141300000 | USD |
CY2014 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
78500000 | USD |
CY2013 | nu |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
|
158300000 | USD |
CY2013 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
10900000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
313000000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
55000000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
66000000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
|
103200000 | USD |
CY2013Q4 | nu |
Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
|
57200000 | USD |
CY2014Q4 | nu |
Fair Value Of Securities Under Fair Value Option
FairValueOfSecuritiesUnderFairValueOption
|
85100000 | USD |
CY2014 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
1900000 | USD |
CY2013 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
10200000 | USD |
CY2012 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
5900000 | USD |
CY2014Q4 | us-gaap |
Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
|
450800000 | USD |
CY2013Q4 | us-gaap |
Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
|
424000000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
55000000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
88800000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
89100000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
67700000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
108400000 | USD |
CY2014Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
320200000 | USD |
CY2014Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
639200000 | USD |
CY2013Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
580900000 | USD |
CY2014 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
-19500000 | USD |
CY2014 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
25100000 | USD |
CY2014 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
-5500000 | USD |
CY2014Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
426300000 | USD |
CY2012Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
412200000 | USD |
CY2013 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
100000 | USD |
CY2013 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
23800000 | USD |
CY2013 | us-gaap |
Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
|
2600000 | USD |
CY2013Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
424900000 | USD |
CY2013 | us-gaap |
Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
|
-13800000 | USD |
CY2014 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
1300000 | USD |
CY2014 | 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. 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. On July 31, 2013, the FERC granted authorization to allow CL&P and WMECO to incur total short-term borrowings up to a maximum of $600 million and $300 million, respectively, effective January 1, 2014 through December 31, 2015. On June 11, 2014, 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 24, 2014 through October 23, 2016. 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. As of December 31, 2014, CL&P had $432.1 million of unsecured debt capacity available under this authorization. | |
CY2013 | nu |
Description Of St Debt Reclassified To Lt
DescriptionOfStDebtReclassifiedToLt
|
On January 2, 2014, Yankee Gas issued $100 million of Series L First Mortgage Bonds and $25 million of the proceeds was used to repay short-term borrowings outstanding under the NU commercial paper program. As the debt issuance refinanced short-term debt, these amounts were classified as Long-Term Debt on NU's balance sheet as of December 31, 2013. | |
CY2014 | us-gaap |
Line Of Credit Facility Description
LineOfCreditFacilityDescription
|
Credit Agreements and Commercial Paper Programs: NU parent, CL&P, PSNH, WMECO, NSTAR Gas and Yankee Gas are parties to a five-year $1.45 billion revolving credit facility. 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. Effective July 23, 2014, NU parent, CL&P, PSNH, WMECO, NSTAR Gas and Yankee Gas extended the expiration date of their joint revolving credit facility for one additional year to September 6, 2019. CL&P has a borrowing sublimit of $600 million and PSNH and WMECO each have borrowing sublimits of $300 million. As of December 31, 2014 and 2013, NU had approximately $1.1 billion and $1.01 billion, respectively, in short-term borrowings outstanding under the NU parent commercial paper program, leaving $348.9 million and $435.5 million of available borrowing capacity as of December 31, 2014 and 2013, respectively. The weighted-average interest rate on these borrowings as of December 31, 2014 and 2013 was 0.43 percent and 0.24 percent, respectively, which is generally based on A2/P2 rated commercial paper. As of December 31, 2014, there were intercompany loans from NU of $133.4 million to CL&P, $90.5 million to PSNH and $21.4 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. NSTAR Electric has a five-year $450 million revolving credit facility. This facility serves to backstop NSTAR Electric’s existing $450 million commercial paper program. Effective July 23, 2014, NSTAR Electric extended the expiration date of its revolving credit facility for one additional year to September 6, 2019. As of December 31, 2014 and 2013, NSTAR Electric had $302 million and $103.5 million, respectively, in short-term borrowings outstanding under its commercial paper program, leaving $148 million and $346.5 million of available borrowing capacity as of December 31, 2014 and 2013, respectively. The weighted-average interest rate on these borrowings as of December 31, 2014 and 2013 was 0.27 percent and 0.13 percent, respectively, which is generally based on A2/P1 rated commercial paper. | |
CY2014 | nu |
Description Of St Debt Reclassified To Lt
DescriptionOfStDebtReclassifiedToLt
|
On January 15, 2015, NU parent issued $150 million of 1.60 percent Series G Senior Notes due to mature in 2018 and $300 million of 3.15 percent Series H Senior Notes, due to mature in 2025. The proceeds, net of issuance costs, were used to repay short-term borrowings outstanding under the NU commercial paper program. As the debt issuances refinanced short-term debt, the short-term debt was classified as Long-Term Debt as of December 31, 2014. | |
CY2014 | us-gaap |
Long Term Debt Description
LongTermDebtDescription
|
On September 15, 2014, CL&P repaid at maturity the $150 million of 4.80 percent 2004 Series A First Mortgage Bonds, using short-term borrowings. On April 24, 2014, CL&P issued $250 million of 4.30 percent 2014 Series A First Mortgage Bonds, due to mature in 2044. The proceeds, net of issuance costs, were used to repay short-term borrowings. On February 12, 2015, CL&P notified the trustee that it intends to purchase and cancel the bonds on April 1, 2015, after they have been tendered by the bondholders. 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. As of December 31, 2014 and 2013, the interest rate was 0.4721 percent and 0.478 percent, respectively. On July 15, 2014, PSNH repaid at maturity the $50 million of 5.25 percent Series L First Mortgage Bonds using short-term borrowings. On October 14, 2014, PSNH issued $75 million of first mortgage bonds at a yield of 3.144 percent due to mature in 2023. The first mortgage bonds are part of the same series of PSNH’s existing 3.50 percent Series S First Mortgage Bonds that were initially issued in November 2013. The proceeds, net of issuance costs, were used to repay short-term borrowings. 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. As the debt issuance refinanced short-term debt, these amounts were classified as Long-Term Debt on NU's balance sheet as of December 31, 2013. On January 15, 2015, NU parent issued $150 million of 1.60 percent Series G Senior Notes due to mature in 2018 and $300 million of 3.15 percent Series H Notes, due to mature in 2025. The proceeds, net of issuance costs, were used to repay short-term borrowings outstanding under the NU commercial paper program. As the debt issuances refinanced short-term debt, the short-term debt was classified as Long-Term Debt as of December 31, 2014. Amount relates to the purchase price adjustment required to record the NSTAR long-term debt at fair value on the date of the merger. On July 15, 2014, PSNH repaid at maturity the $50 million of 5.25 percent Series L First Mortgage Bonds using short-term borrowings. On October 14, 2014, PSNH issued $75 million of first mortgage bonds at a yield of 3.144 percent due to mature in 2023. The first mortgage bonds are part of the same series of PSNH’s existing 3.50 percent Series S First Mortgage Bonds that were initially issued in November 2013. The proceeds, net of issuance costs, were used to repay short-term borrowings. The DOE is responsible for the selection and development of repositories for, and the disposal of, spent nuclear fuel and high-level radioactive waste. For nuclear fuel used to generate electricity prior to April 7, 1983 (Prior Period Spent Nuclear Fuel) for CL&P and WMECO, an accrual has been recorded for the full liability, and payment must be made by CL&P and WMECO to the DOE prior to the first delivery of spent fuel to the DOE. After the sale of Millstone, CL&P and WMECO remained responsible for their share of the disposal costs associated with the Prior Period Spent Nuclear Fuel. Until such payment to the DOE is made, the outstanding liability will continue to accrue interest at the 3-month Treasury bill yield rate. In addition, as a result of consolidating CYAPC, NU has consolidated $179.4 million in additional spent nuclear fuel obligations, including interest, as of both December 31, 2014 and 2013. The obligation due to the DOE for the disposal of CL&P's and WMECO's Prior Period Spent Nuclear Fuel and CYAPC's spent nuclear fuel obligation include accumulated interest costs of $350.4 million and $350.3 million ($178 million and $177.9 million for CL&P and $41.8 million and $41.7 million for WMECO) as of December 31, 2014 and 2013, respectively. | |
CY2014Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
216700000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
200000000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
745000000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
810000000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
800000000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
4956600000 | USD |
CY2014Q4 | nu |
Longtermdebtmaturitiesrepaymentsofprincipaltotal
Longtermdebtmaturitiesrepaymentsofprincipaltotal
|
7728300000 | USD |
CY2014 | us-gaap |
Defined Benefit Plan Estimated Future Employer Contributions In Next Fiscal Year Description
DefinedBenefitPlanEstimatedFutureEmployerContributionsInNextFiscalYearDescription
|
NU expects to make contributions of approximately $155 million in 2015, of which $5 million will be contributed by NSTAR Electric and $1 million will be contributed by PSNH. The remaining $149 million is expected to be contributed by other NU subsidiaries, primarily NUSCO. NU contributed $40 million to the PBOP Plans in 2014 and expects to make approximately $27 million in contributions in 2015. This amount will be funded into the 401(h) account and VEBAs up to the maximum tax-deductible level permitted | |
CY2014 | nu |
Description Of Allocation Of Assets To Subsidiaries
DescriptionOfAllocationOfAssetsToSubsidiaries
|
Effective January 1, 2013, the NSTAR Pension Plan assets were transferred into the NUSCO Pension Plan master trust. The NUSCO Pension Plan is entitled to approximately 66 percent of each asset category in the master trust, the NSTAR Pension Plan is entitled to approximately 30 percent of each asset category in the master trust and the 401(h) plans are entitled to approximately four percent of each asset category in the master trust. For the years ended December 31, 2014 and 2013 the NUSCO Pension Plan was entitled to $2,803.6 million and $2,750.4 million respectively and the NSTAR Pension Plan was entitled to $1,322.9 million and $1,235.3 million, respectively. Also effective January 1, 2013, the NSTAR PBOP Plan assets were transferred into a master trust with the NUSCO PBOP Plan assets and assets were allocated to each plan. For the years ended December 31, 2014 and 2013, the NUSCO PBOP Plan was entitled to $399 million and $391 million, respectively, and the NSTAR PBOP Plan was entitled to $463.6 million and $435.5 million, respectively. CL&P, PSNH and WMECO are allocated a portion of the NUSCO Pension and PBOP Plan assets. NSTAR Electric is entitled to a portion of the NSTAR Pension and PBOP Plan assets. | |
CY2014 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
29700000 | USD |
CY2013 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
37000000 | USD |
CY2012 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
25700000 | USD |
CY2013 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
9100000 | 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 |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
8000000 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
3112020 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
3440590 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1024729 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1162216 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
38.14 | |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
36.58 | |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
437887 | shares |
CY2014 | 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
|
37.36 | |
CY2014 | nu |
Share Based Compensation Arrangement By Share Based Payment Award Vested Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestedOutstandingNumber
|
356018 | shares |
CY2014 | nu |
Share Based Compensation Arrangement By Share Based Payment Award Expected To Vest
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpectedToVest
|
973493 | shares |
CY2014 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
24600000 | USD |
CY2013 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
27000000 | USD |
CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
25800000 | USD |
CY2014 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
10300000 | USD |
CY2013 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
10700000 | USD |
CY2012 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
10200000 | USD |
CY2014 | 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 1.65 years for NU, 1.68 years for CL&P, 1.69 years for NSTAR Electric, 1.71 years for PSNH and 1.68 years for WMECO. | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
47374 | shares |
CY2013 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
-324382 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1221375 | shares |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
18.78 | |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
25.97 | |
CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
20.97 | |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
6700000 | USD |
CY2014Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
15700000 | 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 |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
-1166511 | shares |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
22.53 | |
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 Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1545757 | shares |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.92 | |
CY2014 | us-gaap |
Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
|
22300000 | USD |
CY2014 | us-gaap |
Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
6600000 | USD |
CY2014 | us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
40779 | shares |
CY2013 | us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
39526 | shares |
CY2014 | nu |
Espp Discounted Purchase Price First Six Months
EsppDiscountedPurchasePriceFirstSixMonths
|
41.61 | USD |
CY2014 | nu |
Espp Discounted Purchase Price Second Six Months
EsppDiscountedPurchasePriceSecondSixMonths
|
41.71 | USD |
CY2013 | nu |
Espp Discounted Purchase Price First Six Months
EsppDiscountedPurchasePriceFirstSixMonths
|
38.69 | USD |
CY2013 | nu |
Espp Discounted Purchase Price Second Six Months
EsppDiscountedPurchasePriceSecondSixMonths
|
42.19 | USD |
CY2014Q4 | nu |
Employee Stock Purchase Plan Shares Remaining For Future Issuance
EmployeeStockPurchasePlanSharesRemainingForFutureIssuance
|
776975 | shares |
CY2013Q4 | nu |
Employee Stock Purchase Plan Shares Remaining For Future Issuance
EmployeeStockPurchasePlanSharesRemainingForFutureIssuance
|
817754 | shares |
CY2014 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
-869759 | shares |
CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
25.68 | |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
351616 | shares |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
26.69 | |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
9400000 | USD |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
16400000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
|
-3700000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
27600000 | USD |
CY2014Q4 | us-gaap |
Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
|
57500000 | USD |
CY2013Q4 | us-gaap |
Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
|
51300000 | USD |
CY2012Q4 | us-gaap |
Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent
DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent
|
54600000 | USD |
CY2014Q4 | nu |
Deferred Compensation Cash Based Arrangements Expense Pertaining To Deferred Benefits
DeferredCompensationCashBasedArrangementsExpensePertainingToDeferredBenefits
|
4500000 | USD |
CY2013Q4 | nu |
Deferred Compensation Cash Based Arrangements Expense Pertaining To Deferred Benefits
DeferredCompensationCashBasedArrangementsExpensePertainingToDeferredBenefits
|
4400000 | USD |
CY2012Q4 | nu |
Deferred Compensation Cash Based Arrangements Expense Pertaining To Deferred Benefits
DeferredCompensationCashBasedArrangementsExpensePertainingToDeferredBenefits
|
4700000 | USD |
CY2014 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
4400000 | USD |
CY2013 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
8800000 | USD |
CY2012 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-30900000 | USD |
CY2012 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
17600000 | USD |
CY2013 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
-9400000 | USD |
CY2014 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
24500000 | USD |
CY2014 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
28900000 | USD |
CY2013 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-600000 | USD |
CY2012 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-13300000 | USD |
CY2012 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
291300000 | USD |
CY2013 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
386200000 | USD |
CY2014 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
406800000 | USD |
CY2014 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
36500000 | USD |
CY2013 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
45400000 | USD |
CY2012 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
800000 | USD |
CY2012 | us-gaap |
Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
|
-3900000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
|
-4100000 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
|
-3900000 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
453400000 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
|
-5600000 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
|
-3500000 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
42500000 | USD |
CY2014 | us-gaap |
Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
|
-8000000 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-2900000 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-3700000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
427200000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
|
-7400000 | USD |
CY2013 | us-gaap |
Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
|
-8000000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-4300000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-400000 | 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 | us-gaap |
Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
|
-6400000 | 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
|
5000000 | USD |
CY2014 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.362 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.350 | pure |
CY2012 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.340 | pure |
CY2014Q4 | us-gaap |
Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
|
199600000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
|
272900000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
|
366700000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Regulatory Assets And Liabilities
DeferredTaxAssetsRegulatoryAssetsAndLiabilities
|
272700000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
632200000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
435200000 | USD |
CY2013Q4 | nu |
Deferred Tax Assets Tax Effect Tax Regulatory Liabilities
DeferredTaxAssetsTaxEffectTaxRegulatoryLiabilities
|
16200000 | USD |
CY2014Q4 | nu |
Deferred Tax Assets Tax Effect Tax Regulatory Liabilities
DeferredTaxAssetsTaxEffectTaxRegulatoryLiabilities
|
10000000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
198700000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
230600000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
5100000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
24300000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
1559100000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
1647900000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
4215900000 | USD |
CY2014Q4 | nu |
Deferred Tax Liabilities Regulatory Assets Other Regulatory Deferrals
DeferredTaxLiabilitiesRegulatoryAssetsOtherRegulatoryDeferrals
|
1277900000 | USD |
CY2013Q4 | nu |
Deferred Tax Liabilities Regulatory Assets Other Regulatory Deferrals
DeferredTaxLiabilitiesRegulatoryAssetsOtherRegulatoryDeferrals
|
1146700000 | USD |
CY2013Q4 | nu |
Deferred Tax Liabilities Regulatory Assets Tax Effect Tax Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssetsTaxEffectTaxRegulatoryAssets
|
248200000 | USD |
CY2014Q4 | nu |
Deferred Tax Liabilities Regulatory Assets Tax Effect Tax Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssetsTaxEffectTaxRegulatoryAssets
|
240200000 | USD |
CY2014Q4 | nu |
Deferred Tax Liabilities Regulatory Assets Derivative Assets
DeferredTaxLiabilitiesRegulatoryAssetsDerivativeAssets
|
32600000 | USD |
CY2013Q4 | nu |
Deferred Tax Liabilities Regulatory Assets Derivative Assets
DeferredTaxLiabilitiesRegulatoryAssetsDerivativeAssets
|
30100000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
157100000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
196300000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
6275700000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
5695200000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1653000000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1583400000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
60500000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
65000000 | USD |
CY2014Q4 | nu |
Deferred Tax Liabilities Resulting From Property Tax Accruals And Other
DeferredTaxLiabilitiesResultingFromPropertyTaxAccrualsAndOther
|
109600000 | USD |
CY2013Q4 | nu |
Deferred Tax Liabilities Resulting From Property Tax Accruals And Other
DeferredTaxLiabilitiesResultingFromPropertyTaxAccrualsAndOther
|
95100000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
3806500000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
59100000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
158000000 | USD |
CY2014Q4 | nu |
Purchase Accounting Deferred Tax Asset
PurchaseAccountingDeferredTaxAsset
|
126200000 | USD |
CY2013Q4 | nu |
Purchase Accounting Deferred Tax Asset
PurchaseAccountingDeferredTaxAsset
|
132800000 | USD |
CY2014Q4 | nu |
Deferred Tax Liabilities Goodwill Regulatory Asset
DeferredTaxLiabilitiesGoodwillRegulatoryAsset
|
203200000 | USD |
CY2013Q4 | nu |
Deferred Tax Liabilities Goodwill Regulatory Asset
DeferredTaxLiabilitiesGoodwillRegulatoryAsset
|
211500000 | USD |
CY2014Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
46200000 | USD |
CY2014 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
9300000 | 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 |
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 |
CY2013 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
8200000 | USD |
CY2013 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
|
-1100000 | USD |
CY2013Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
38200000 | USD |
CY2013 | us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
-49800000 | USD |
CY2013 | us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
-2200000 | USD |
CY2014 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
300000 | USD |
CY2014 | us-gaap |
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
|
-1600000 | USD |
CY2014 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
400000 | USD |
CY2013 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
-8600000 | USD |
CY2012 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
3100000 | USD |
CY2014Q4 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
1900000 | USD |
CY2013Q4 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
1500000 | USD |
CY2013Q4 | nu |
Tax Adjustments Settlements Total Impact
TaxAdjustmentsSettlementsTotalImpact
|
-13600000 | USD |
CY2013 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-8400000 | USD |
CY2014 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
Tax Positions: During 2014, NU did not resolve any of its uncertain tax positions. | |
CY2013 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
During 2013, NU received a Final Determination from the Connecticut Department of Revenue Services (DRS) that concluded its audit of NU's Connecticut income tax returns for the years 2005 through 2008. The DRS Determination resulted in total NU and CL&P after-tax benefits of $13.6 million and $6.9 million, respectively, that included a reduction in NU and CL&P pre-tax interest expense of $8.7 million and $4 million, or $5.2 million and $2.4 million after-tax, respectively. Further, the income tax expense impact resulted in a tax benefit to NU and CL&P of $8.4 million and $4.5 million after-tax, respectively. | |
CY2014 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
16300000 | USD |
CY2013 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
14800000 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
20100000 | USD |
CY2014 | us-gaap |
Other Information Pertaining To Income Taxes
OtherInformationPertainingToIncomeTaxes
|
2014 Federal Legislation: On December 19, 2014, the "Tax Increase Prevention Act of 2014" became law, which extended the accelerated deduction of depreciation to businesses through 2014. This extended stimulus provides NU with cash flow benefits of approximately $200 million (approximately $70 million at CL&P, $50 million at NSTAR Electric, $35 million at PSNH, and $15 million at WMECO) in 2015. 2013 Federal Legislation: On January 2, 2013, the "American Taxpayer Relief Act of 2012" became law, which extended the accelerated deduction of depreciation to businesses through 2013. This extended stimulus provided NU with cash flow benefits of approximately $300 million (approximately $95 million at CL&P, $85 million at NSTAR Electric, $35 million at PSNH, and $50 million at WMECO). On September 13, 2013, the Internal Revenue Service issued final Tangible Property regulations that are meant to simplify, clarify and make more administrable previously issued guidance. NU is in compliance with the new regulations, but continues to evaluate several new potential elections. 2013 Massachusetts: On July 24, 2013, Massachusetts enacted a law that changed the income tax rate applicable to utility companies effective January 1, 2014, from 6.5 percent to 8 percent. The tax law change required NU to remeasure its accumulated deferred income taxes and resulted in NU increasing its deferred tax liability with an offsetting regulatory asset of approximately $61 million at its utility companies ($46.3 million at NSTAR Electric and $9.8 million at WMECO). | |
CY2014 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Other Information
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleOtherInformation
|
NU estimates that during the next twelve months, differences of a non-timing nature could be resolved, resulting in a zero to $2 million decrease in unrecognized tax benefits by NU. These estimated changes are not expected to have a material impact on the earnings of NU. Other companies' impacts are not expected to be material. | |
CY2012Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
39400000 | USD |
CY2013 | us-gaap |
Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
|
3500000 | USD |
CY2013 | us-gaap |
Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
|
7500000 | USD |
CY2013Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
35400000 | USD |
CY2014 | us-gaap |
Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
|
12700000 | USD |
CY2014 | us-gaap |
Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
|
4800000 | USD |
CY2014Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
43300000 | USD |
CY2014 | nu |
Environmental Site Quantity
EnvironmentalSiteQuantity
|
65 | pure |
CY2013 | nu |
Environmental Site Quantity
EnvironmentalSiteQuantity
|
68 | pure |
CY2014 | us-gaap |
Site Contingency Environmental Remediation Costs Recognized
SiteContingencyEnvironmentalRemediationCostsRecognized
|
CERCLA: Of the total environmental sites, 9 sites (1 for CL&P, 3 for NSTAR Electric and 3 for PSNH) are superfund sites under the federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA) and its amendments or state equivalents 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, 2014, a liability of $0.7 million accrued on these sites represents management's best estimate of its potential remediation costs with respect to these superfund sites. Included in the NU number of sites and reserve amounts above are former MGP sites that were operated several decades ago and manufactured gas from coal and other processes, which resulted in certain by-products remaining in the environment that may pose a potential risk to human health and the environment. The reserve balance related to these former MGP sites was $38.8 million and $31.4 million as of December 31, 2014 and 2013, respectively, and relates primarily to the natural gas business segment. The increase in the reserve balance for the MGP sites was due to the completion of the site assessment at three sites. The assessments provided new information related to the extent and nature of the contamination and the costs of required remediation. As of December 31, 2014, for 5 environmental sites (1 for CL&P, 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, 2014, $17.7 million ($1 million for CL&P and $0.3 million for WMECO) 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 to $24 million. As of December 31, 2014, for 15 environmental sites (3 for CL&P, 3 for NSTAR Electric and 2 for PSNH) that are 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, 2014, $13.4 million ($1.4 million for CL&P, $0.2 million for PSNH) had been accrued as a liability for these sites. As of December 31, 2014, for the remaining 45 environmental sites (12 for CL&P, 10 for NSTAR Electric, 11 for PSNH, and 3 for WMECO) that are included in the Company’s reserve for environmental costs, the $12.2 million accrual ($1.4 million for CL&P, $1.1 million for NSTAR Electric, $5 million for PSNH, and $0.2 million for WMECO) represents management’s best estimate of the liability and no additional loss is anticipated. | |
CY2014Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
|
421600000 | USD |
CY2014Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
|
327600000 | USD |
CY2014Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
|
290000000 | USD |
CY2014Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
|
2198400000 | USD |
CY2014Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
|
4521600000 | USD |
CY2014Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
|
685800000 | USD |
CY2014Q4 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
|
598200000 | USD |
CY2014 | nu |
Supply And Stranded Costs Obligations Incurred
SupplyAndStrandedCostsObligationsIncurred
|
99200000 | USD |
CY2013 | nu |
Supply And Stranded Costs Obligations Incurred
SupplyAndStrandedCostsObligationsIncurred
|
141000000 | USD |
CY2012 | nu |
Supply And Stranded Costs Obligations Incurred
SupplyAndStrandedCostsObligationsIncurred
|
216800000 | USD |
CY2014 | nu |
Peaker Cfd Expense Incurred
PeakerCfdExpenseIncurred
|
18100000 | USD |
CY2013 | nu |
Peaker Cfd Expense Incurred
PeakerCfdExpenseIncurred
|
51900000 | USD |
CY2012 | nu |
Peaker Cfd Expense Incurred
PeakerCfdExpenseIncurred
|
59300000 | USD |
CY2014 | nu |
Natural Gas Procurement Costs Incurred
NaturalGasProcurementCostsIncurred
|
482500000 | USD |
CY2013 | nu |
Natural Gas Procurement Costs Incurred
NaturalGasProcurementCostsIncurred
|
349800000 | USD |
CY2012 | nu |
Natural Gas Procurement Costs Incurred
NaturalGasProcurementCostsIncurred
|
243100000 | USD |
CY2012 | nu |
Fuel Costs Incurred
FuelCostsIncurred
|
105200000 | USD |
CY2013 | nu |
Fuel Costs Incurred
FuelCostsIncurred
|
112600000 | USD |
CY2014 | nu |
Fuel Costs Incurred
FuelCostsIncurred
|
120500000 | USD |
CY2014 | nu |
Transmission Support Commitment Costs Incurred
TransmissionSupportCommitmentCostsIncurred
|
25000000 | USD |
CY2013 | nu |
Transmission Support Commitment Costs Incurred
TransmissionSupportCommitmentCostsIncurred
|
24900000 | USD |
CY2012 | nu |
Transmission Support Commitment Costs Incurred
TransmissionSupportCommitmentCostsIncurred
|
24800000 | USD |
CY2014 | nu |
Renewable Energy Costs Incurred
RenewableEnergyCostsIncurred
|
114400000 | USD |
CY2013 | nu |
Renewable Energy Costs Incurred
RenewableEnergyCostsIncurred
|
91300000 | USD |
CY2012 | nu |
Renewable Energy Costs Incurred
RenewableEnergyCostsIncurred
|
48700000 | USD |
CY2014 | nu |
Myapc Phase One Damages Proceeds To Member Companies
MyapcPhaseOneDamagesProceedsToMemberCompanies
|
On September 17, 2014, in accordance with the MYAPC refund plan, MYAPC returned a portion of the DOE Phase I Damages proceeds to the member companies, including CL&P, NSTAR Electric, PSNH, and WMECO, in the amount of $3.2 million, $1.1 million, $1.4 million and $0.8 million, respectively. These amounts reduced receivables at CL&P, NSTAR Electric, PSNH and WMECO. | |
CY2014 | nu |
Refund Obligation To Customers
RefundObligationToCustomers
|
As of December 31, 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 company's respective regulatory tracker mechanisms. Refunds to customers for these DOE proceeds began in the third quarter of 2014. For further information, see Note 2, "Regulatory Accounting," to the financial statements. | |
CY2014 | us-gaap |
Loss Contingency Managements Assessment And Process
LossContingencyManagementsAssessmentAndProcess
|
E.         FERC Base ROE Complaints E.         FERC Base ROE Complaints Beginning in 2011, several New England state attorneys general, state regulatory commissions, consumer advocates, consumer groups, municipal parties and other parties (the "Complainants") jointly filed three separate complaints at FERC. In the first complaint, filed in 2011, the Complainants alleged that the NETOs' base ROE of 11.14 percent that was utilized since 2006 was unjust and unreasonable, asserted that the rate was excessive due to changes in the capital markets, and sought an order to reduce it prospectively from the date of the final FERC order and for the 15-month period beginning October 1, 2011 to December 31, 2012 (the "first complaint refund period"). In the pursuant second and third complaints, filed in 2012 and 2014, respectively, the Complainants challenged the NETOs' base ROE and sought refunds for the 15-month periods beginning December 27, 2012 and July 31, 2014, respectively. In 2014, the FERC determined that the base ROE should be set at 10.57 percent for the first complaint refund period and that a utility’s total or maximum ROE should not exceed the top of the new zone of reasonableness (7.03 percent to 11.74 percent). The FERC ordered the NETOs to provide refunds to customers for the first complaint refund period and set the new base ROE of 10.57 percent prospectively from October 16, 2014. In late 2014, the NETOs made a compliance filing, and began refunding amounts from the first complaint period, inclusive of incentive ROE adders that exceeded the 11.74 percent as compared to the total company transmission ROE. Complainants have challenged the compliance filing. As a result of the actions taken by the FERC and other developments in this matter, NU recorded reserves in 2013 and 2014 to recognize the potential financial impacts of the first and second complaints. The Company is unable to determine any amount related to the third complaint. The following is a summary of the cumulative pre-tax reserves (excluding interest) established by the Company in 2013 and 2014: As of December 31, 2014, the cumulative reserves above do not reflect refunds totaling $4.8 million at NU, $2.7 million at CL&P, $1 million at NSTAR Electric, $0.5 million at PSNH and $0.6 million at WMECO for the first complaint refund period. The aggregate after-tax net charge to 2014 earnings resulting from the 2014 FERC orders totaled $22.4 million at NU, $12.4 million at CL&P, $4.9 million at NSTAR Electric, $1.7 million at PSNH and $3.4 million at WMECO. In 2013, the aggregate after-tax charge to earnings totaled $14.3 million at NU, $7.7 million at CL&P, $3.4 million at NSTAR Electric, $1.4 million at PSNH and $1.8 million at WMECO. Although management is uncertain on the final outcome on the second and third complaints regarding the base ROE and the incentive ROE adder, management believes the current reserves established are appropriate to reflect probable and reasonably estimable refunds. F.        2014 Comprehensive Settlement Agreement On December 31, 2014, NSTAR Electric, NSTAR Gas and the Massachusetts Attorney General filed a comprehensive settlement agreement with the DPU. The comprehensive settlement agreement included resolution of the outstanding NSTAR Electric CPSL program filings for the periods 2006 through 2011, the NSTAR Electric and NSTAR Gas PAM and energy efficiency-related customer billing adjustments reported in 2012, and the NSTAR Electric energy efficiency program filings regarding LBR for the periods 2008 through 2011. If approved by the DPU, NSTAR Electric and NSTAR Gas will be required to refund a total of $44.7 million to their respective customers, which was included in regulatory liabilities as of December 31, 2014. Upon the DPU's approval, NSTAR Electric will adjust its regulatory liabilities, which it expects will result in a benefit of $23 million in the first quarter of 2015. Management expects a response from the DPU in the first quarter of 2015. G.        Basic Service Bad Debt Adder In accordance with a generic 2005 DPU order, electric utilities in Massachusetts recover the energy-related portion of bad debt costs in their Basic Service rates. In 2007, NSTAR Electric filed its 2006 Basic Service reconciliation with the DPU proposing an adjustment related to the increase of its Basic Service bad debt charge-offs. The DPU issued an order approving the implementation of a revised Basic Service rate but instructed NSTAR Electric to reduce distribution rates by an amount equal to the increase in its Basic Service bad debt charge-offs. This adjustment to NSTAR Electric's distribution rates would eliminate the fully reconciling nature of the Basic Service bad debt adder. In 2010, NSTAR Electric filed an appeal of the DPU's order with the SJC. NSTAR Electric's position was that it had fully removed the collection of energy-related bad debt costs from its distribution rates effective January 1, 2006. Therefore, no further adjustment to distribution rates was warranted. In 2012, the SJC vacated the DPU order and remanded the matter to the DPU for further review. As of December 31, 2014, NSTAR Electric has a total deferred regulatory asset of approximately $33 million of costs associated with energy-related bad debt. On January 7, 2015, the DPU issued an order on remand stating that NSTAR Electric had, in fact, removed energy-related bad debt costs from distribution rates effective January 1, 2006. The DPU order approved NSTAR Electric's 2005 and 2006 reconciliation filings and ordered NSTAR Electric and the Massachusetts Attorney General to collaborate on the submission of a proposal for the reconciliation of energy-related bad debt costs for the open years of 2007 through 2014 by April 7, 2015. Management expects to present a proposal to the Attorney General in the first quarter of 2015 with a decision from the DPU later in 2015. H.        Litigation and Legal Proceedings NU, including CL&P, NSTAR Electric, PSNH and WMECO, are involved in legal, tax and regulatory proceedings regarding matters arising in the ordinary course of business, which involve management's assessment to determine the probability of whether a loss will occur and, if probable, its best estimate of probable loss. The Company records and discloses losses when these losses are probable and reasonably estimable, and discloses matters when losses are probable but not estimable or when losses are reasonably possible. Legal costs related to the defense of loss contingencies are expensed as incurred. | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
17600000 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
14600000 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
10500000 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
8600000 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
22500000 | USD |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
93900000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
|
2400000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
|
2200000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
|
2100000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
|
2100000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
|
2000000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
|
3500000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
|
14300000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
|
4900000 | USD |
CY2014Q4 | us-gaap |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
|
9400000 | USD |
CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-72900000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-33900000 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
18500000 | USD |
CY2013 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-8400000 | USD |
CY2014 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-5900000 | USD |
CY2014 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
3500000 | USD |
CY2014 | nu |
Pension Serp And Pbop Gain Loss To Be Reclassified Within Twelve Months
PensionSerpAndPbopGainLossToBeReclassifiedWithinTwelveMonths
|
6900000 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
|
18700000 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
|
11400000 | USD |
CY2012 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax
|
6200000 | USD |
CY2014 | 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. Pursuant to the joint revolving credit agreement of NU, CL&P, PSNH, WMECO, Yankee Gas and NSTAR Gas, and the NSTAR Electric revolving credit agreement, each company is required to maintain consolidated total debt to total capitalization ratio of no greater than 65 percent at all times. As of December 31, 2014, all companies were in compliance with such covenant. The Retained Earnings balances subject to these restrictions were $2.4 billion for NU, $1.1 billion for CL&P, $1.5 billion for NSTAR Electric, $486.5 million for PSNH and $178.8 million for WMECO as of December 31, 2014. As of December 31, 2014, NU, CL&P, NSTAR Electric, PSNH, WMECO, Yankee Gas and NSTAR Gas were in compliance with all such provisions of the revolving credit agreements that may restrict the payment of dividends. | |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
5 | |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
333113492 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
333359172 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
380000000 | shares |
CY2014Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
16375835 | 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 |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
316983337 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
315273559 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
155600000 | USD |
CY2013Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
155600000 | USD |
CY2014 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1280666 | shares |
CY2013 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
899773 | shares |
CY2012 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
783812 | shares |
CY2014 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.59 | |
CY2013 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.49 | |
CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.90 | |
CY2014 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.58 | |
CY2013 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.49 | |
CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.89 | |
CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
316136748 | shares |
CY2014 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
317417414 | shares |
CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
315311387 | shares |
CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
316211160 | shares |
CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
277209819 | shares |
CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
277993631 | shares |
CY2014 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3643 | shares |
CY2013 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1575 | shares |
CY2012 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4266 | 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 Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
|
33000000 | USD |
CY2012Q2 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
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 |
CY2012Q2 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
5005000000 | USD |
CY2012Q2 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
3232000000 | USD |
CY2012 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
7004000000 | USD |
CY2012 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
630000000 | USD |
CY2012 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
1.99 | |
CY2012 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
2.00 | |
CY2012 | nu |
Business Combination After Tax Transaction Costs
BusinessCombinationAfterTaxTransactionCosts
|
32000000 | USD |
CY2012 | nu |
After Tax Settlement Costs Incurred
AfterTaxSettlementCostsIncurred
|
60000000 | USD |
CY2012 | nu |
After Tax Costs Transaction And Other Non Recurring Costs Excluded From Pro Forma Net Income
AfterTaxCostsTransactionAndOtherNonRecurringCostsExcludedFromProFormaNetIncome
|
92000000 | USD |
CY2014Q2 | us-gaap |
Revenues
Revenues
|
1677600000 | USD |
CY2012 | nu |
Business Acquisition Description Of Settlement Agreements
BusinessAcquisitionDescriptionOfSettlementAgreements
|
Regulatory Approvals: On February 15, 2012, NU and NSTAR reached comprehensive merger settlement agreements with the Massachusetts Attorney General and the DOER. 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. 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 merger settlement agreement with both the Connecticut Attorney General and the Connecticut Office of Consumer Counsel. The settlement agreement covered a variety of matters, including a $25 million rate credit to CL&P customers, a CL&P base distribution rate freeze until December 1, 2014, and the establishment of a $15 million fund for energy efficiency and other initiatives to be disbursed at the direction of the DEEP. In the agreement, CL&P agreed to forego 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 |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
1892500000 | USD |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
440900000 | USD |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
294000000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
129200000 | USD |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
236500000 | USD |
CY2014Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
234600000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
127400000 | USD |
CY2013Q2 | us-gaap |
Revenues
Revenues
|
1635900000 | USD |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
1892600000 | USD |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
399300000 | USD |
CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
350600000 | USD |
CY2014 | dei |
Entity Registrant Name
EntityRegistrantName
|
NORTHEAST UTILITIES | |
CY2014 | dei |
Document Type
DocumentType
|
10-K | |
CY2014 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-12-31 | |
CY2014 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000072741 | |
CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
173100000 | USD |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
211400000 | USD |
CY2013Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
209500000 | USD |
CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
171000000 | USD |
CY2014Q1 | us-gaap |
Revenues
Revenues
|
2290600000 | USD |
CY2014Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
467700000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
237800000 | USD |
CY2013Q1 | us-gaap |
Revenues
Revenues
|
1995000000 | USD |
CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
418900000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
230000000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
228100000 | USD |
CY2014Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
236000000 | USD |
CY2014Q4 | us-gaap |
Revenues
Revenues
|
1881200000 | USD |
CY2014Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
430200000 | USD |
CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
223600000 | USD |
CY2014Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
221500000 | USD |
CY2013Q4 | us-gaap |
Revenues
Revenues
|
1777700000 | USD |
CY2013Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
360600000 | USD |
CY2013Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
179200000 | USD |
CY2013Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
177400000 | USD |
CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.75 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.40 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.74 | |
CY2014Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.69 | |
CY2013Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.56 | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.66 | |
CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.54 | |
CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.72 | |
CY2013 | us-gaap |
Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
55465000 | USD |
CY2012 | us-gaap |
Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
36275000 | USD |
CY2013 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
87507000 | USD |
CY2012 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
80462000 | USD |
CY2011Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
115689000 | USD |
CY2012Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
165549000 | USD |
CY2013 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
37744000 | USD |
CY2012 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
34761000 | USD |
CY2013Q4 | nu |
Impact Related To Nstar Merger
ImpactRelatedToNstarMerger
|
0 | USD |
CY2012Q4 | nu |
Uncollectible Hardship Accounts Receivable Reserves
UncollectibleHardshipAccountsReceivableReserves
|
USD | |
CY2012Q4 | nu |
Impact Related To Nstar Merger
ImpactRelatedToNstarMerger
|
59286000 | USD |
CY2013Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
171251000 | USD |
CY2014 | us-gaap |
Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
|
55657000 | USD |
CY2014 | us-gaap |
Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
|
51227000 | USD |
CY2014Q4 | nu |
Impact Related To Nstar Merger
ImpactRelatedToNstarMerger
|
0 | USD |
CY2014 | us-gaap |
Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
|
102818000 | USD |
CY2014Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
175317000 | USD |
CY2014 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2015Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
317203765 | shares |
CY2014Q2 | dei |
Entity Public Float
EntityPublicFloat
|
14947688864 | USD |
CY2014 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2014 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2014 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2014 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2014 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
22000000 | USD |