2015 Q1 Form 10-Q Financial Statement
#000007274115000027 Filed on May 06, 2015
Income Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
Revenue | $2.513B | $2.291B |
YoY Change | 9.73% | 14.82% |
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 | $163.8M | $150.8M |
YoY Change | 8.62% | -38.07% |
% of Gross Profit | ||
Operating Expenses | $2.016B | $1.823B |
YoY Change | 10.59% | 15.66% |
Operating Profit | $497.5M | $467.7M |
YoY Change | 6.37% | 11.65% |
Interest Expense | -$94.80M | $89.98M |
YoY Change | -205.36% | 17.99% |
% of Operating Profit | -19.06% | 19.24% |
Other Income/Expense, Net | $5.727M | $1.667M |
YoY Change | 243.55% | -78.53% |
Pretax Income | $408.4M | $379.4M |
YoY Change | 7.64% | 8.25% |
Income Tax | $153.2M | $141.5M |
% Of Pretax Income | 37.52% | 37.31% |
Net Earnings | $255.1M | $237.8M |
YoY Change | 7.28% | 3.39% |
Net Earnings / Revenue | 10.15% | 10.38% |
Basic Earnings Per Share | $0.80 | $0.75 |
Diluted Earnings Per Share | $0.80 | $0.74 |
COMMON SHARES | ||
Basic Shares Outstanding | 317.1M shares | 315.5M shares |
Diluted Shares Outstanding | 318.5M shares | 316.9M shares |
Balance Sheet
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $71.00M | $89.00M |
YoY Change | -20.22% | -44.38% |
Cash & Equivalents | $71.00M | $89.00M |
Short-Term Investments | ||
Other Short-Term Assets | $1.209B | $1.069B |
YoY Change | 13.1% | 15.57% |
Inventory | $281.0M | $228.0M |
Prepaid Expenses | ||
Receivables | $1.131B | $980.0M |
Other Receivables | $100.0M | $0.00 |
Total Short-Term Assets | $2.793B | $2.366B |
YoY Change | 18.05% | 9.64% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $18.81B | $17.71B |
YoY Change | 6.2% | 5.83% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $518.0M | $508.0M |
YoY Change | 1.97% | 3.25% |
Other Assets | $4.311B | $3.991B |
YoY Change | 8.02% | -26.39% |
Total Long-Term Assets | $27.16B | $25.73B |
YoY Change | 5.55% | -1.68% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.793B | $2.366B |
Total Long-Term Assets | $27.16B | $25.73B |
Total Assets | $29.95B | $28.10B |
YoY Change | 6.6% | -0.82% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $896.0M | $712.0M |
YoY Change | 25.84% | 12.48% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $1.004B | $571.0M |
YoY Change | 75.83% | -55.63% |
Long-Term Debt Due | $246.0M | $531.0M |
YoY Change | -53.67% | -43.93% |
Total Short-Term Liabilities | $3.112B | $2.790B |
YoY Change | 11.54% | -27.34% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $8.602B | $8.318B |
YoY Change | 3.41% | 18.3% |
Other Long-Term Liabilities | $3.397B | $2.899B |
YoY Change | 17.18% | -33.25% |
Total Long-Term Liabilities | $12.00B | $11.22B |
YoY Change | 6.97% | -1.38% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.112B | $2.790B |
Total Long-Term Liabilities | $12.00B | $11.22B |
Total Liabilities | $19.69B | $18.22B |
YoY Change | 8.06% | -3.25% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | 16.14M shares | 17.50M shares |
Shareholders Equity | $10.27B | $9.880B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $29.95B | $28.10B |
YoY Change | 6.6% | -0.82% |
Cashflow Statement
Concept | 2015 Q1 | 2014 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $255.1M | $237.8M |
YoY Change | 7.28% | 3.39% |
Depreciation, Depletion And Amortization | $163.8M | $150.8M |
YoY Change | 8.62% | -38.07% |
Cash From Operating Activities | $491.5M | $493.8M |
YoY Change | -0.46% | 4.37% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $362.6M | $348.7M |
YoY Change | 3.98% | -10.35% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$66.00K | -$1.637M |
YoY Change | -95.97% | -94.15% |
Cash From Investing Activities | -$364.5M | -$351.2M |
YoY Change | 3.81% | -21.43% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | $0.00 | $75.00M |
YoY Change | -100.0% | |
Cash From Financing Activities | -$94.69M | -$96.86M |
YoY Change | -2.23% | 767.81% |
NET CHANGE | ||
Cash From Operating Activities | $491.5M | $493.8M |
Cash From Investing Activities | -$364.5M | -$351.2M |
Cash From Financing Activities | -$94.69M | -$96.86M |
Net Change In Cash | $32.32M | $45.79M |
YoY Change | -29.4% | 203.84% |
FREE CASH FLOW | ||
Cash From Operating Activities | $491.5M | $493.8M |
Capital Expenditures | $362.6M | $348.7M |
Free Cash Flow | $129.0M | $145.1M |
YoY Change | -11.13% | 72.35% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
132433000 | USD |
CY2015Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
1879000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-399575000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
450000000 | USD |
CY2015Q1 | us-gaap |
Description Of Derivative Activity Volume
DescriptionOfDerivativeActivityVolume
|
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 March 31, 2015 and December 31, 2014, Eversource had NYMEX financial contracts for natural gas futures in order to reduce variability associated with the purchase price of approximately 5.3 million and 8.8 million MMBtu of natural gas, respectively. | |
CY2013Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
635200000 | USD |
CY2015Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
157143000 | USD |
CY2014Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
115632000 | USD |
CY2014Q4 | us-gaap |
Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
|
160288000 | USD |
CY2015Q1 | us-gaap |
Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
|
218582000 | USD |
CY2015Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-66000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-364525000 | USD |
CY2015Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
148193000 | USD |
CY2015Q1 | us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
26495000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
|
110748000 | USD |
CY2015Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-21617000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
328299000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-68172000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-272021000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-59496000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-34179000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
481815000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
362586000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
114730000 | USD |
CY2015Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
116735000 | USD |
CY2015Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1079000 | USD |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-84966000 | USD |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
32324000 | USD |
CY2014Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
137417000 | USD |
CY2014Q1 | us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
24995000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Regulatory Assets And Liabilities
IncreaseDecreaseInRegulatoryAssetsAndLiabilities
|
-872000 | USD |
CY2014Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-7574000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
182221000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-75041000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
59840000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
53905000 | USD |
CY2014Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-11282000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
493796000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
348691000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
128505000 | USD |
CY2014Q1 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
132605000 | USD |
CY2014Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-1637000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-351154000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2017000 | USD |
CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-96856000 | USD |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
45786000 | USD |
CY2014Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
118460000 | USD |
CY2014Q1 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
1879000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-299500000 | USD |
CY2014Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
400000000 | USD |
CY2015Q1 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
26659000 | USD |
CY2014Q1 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
6622000 | USD |
CY2013Q4 | us-gaap |
Cash
Cash
|
43364000 | USD |
CY2014Q1 | us-gaap |
Cash
Cash
|
89150000 | USD |
CY2014Q1 | us-gaap |
Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
|
4300000 | USD |
CY2015Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
41900000 | USD |
CY2014Q1 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
44400000 | USD |
CY2014Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
75000000 | USD |
CY2015Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
CY2015Q1 | es |
Proceeds From Doe Damages Claim Net
ProceedsFromDoeDamagesClaimNet
|
0 | USD |
CY2014Q1 | es |
Proceeds From Doe Damages Claim Net
ProceedsFromDoeDamagesClaimNet
|
163300000 | USD |
CY2014Q1 | es |
Cyap Cand Yaec Deferred Doe Proceeds
CYAPCandYAECDeferredDOEProceeds
|
-163300000 | USD |
CY2015Q1 | es |
Description Of Consolidation Of Yankee Companies
DescriptionOfConsolidationOfYankeeCompanies
|
Eversource consolidates CYAPC and YAEC because CL&P's, NSTAR Electric's, PSNH's and WMECO's combined ownership interest in each of these entities is greater than 50 percent. Intercompany transactions between CL&P, NSTAR Electric, PSNH and WMECO and the CYAPC and YAEC companies have been eliminated in consolidation of the Eversource financial statements. | |
CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
175300000 | USD |
CY2015Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
187400000 | USD |
CY2015Q1 | es |
Uncollectible Hardship Accounts Receivable Reserve
UncollectibleHardshipAccountsReceivableReserve
|
92300000 | USD |
CY2014Q4 | es |
Uncollectible Hardship Accounts Receivable Reserve
UncollectibleHardshipAccountsReceivableReserve
|
91500000 | USD |
CY2014Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
108500000 | USD |
CY2015Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
110400000 | USD |
CY2015Q1 | us-gaap |
Description Of Postemployment Benefits
DescriptionOfPostemploymentBenefits
|
Severance Benefits | |
CY2015Q1 | us-gaap |
Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
|
400000 | USD |
CY2015Q1 | us-gaap |
Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
|
9000000 | USD |
CY2014Q4 | us-gaap |
Postemployment Benefits Liability Current
PostemploymentBenefitsLiabilityCurrent
|
10400000 | USD |
CY2014Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
750100000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
|
12495200000 | USD |
CY2015Q1 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
4728800000 | USD |
CY2014Q4 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
4726600000 | USD |
CY2015Q1 | us-gaap |
Amount Of Regulatory Costs Not Yet Approved
AmountOfRegulatoryCostsNotYetApproved
|
49300000 | USD |
CY2014Q4 | us-gaap |
Amount Of Regulatory Costs Not Yet Approved
AmountOfRegulatoryCostsNotYetApproved
|
60500000 | USD |
CY2015Q1 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
726100000 | USD |
CY2015Q1 | us-gaap |
Public Utilities Disclosure Of Regulatory Matters Pending
PublicUtilitiesDisclosureOfRegulatoryMattersPending
|
2015 Regulatory Developments: As a result of the March 3, 2015 FERC order in the pending ROE complaint proceedings described in Note 8C, "Commitments and Contingencies – FERC ROE Complaints," in the first quarter of 2015, Eversource recognized a pre-tax charge to earnings (excluding interest) of $20 million, of which $12.5 million was recorded at CL&P, $2.4 million at NSTAR Electric, $1 million at PSNH, and $4.1 million at WMECO. The pre-tax charge was recorded as a regulatory liability and as a reduction of Operating Revenues. On March 2, 2015, the DPU approved the comprehensive settlement agreement between NSTAR Electric, NSTAR Gas and the Massachusetts Attorney General (the "Settlement") as filed with the DPU on December 31, 2014. The Settlement resolved the outstanding NSTAR Electric CPSL program filings for 2006 through 2011, the NSTAR Electric and NSTAR Gas PAM and energy efficiency-related customer billing adjustments reported in 2012, and the recovery of LBR related to NSTAR Electric's energy efficiency programs for 2008 through 2011 (11 dockets in total). As a result, NSTAR Electric and NSTAR Gas will refund a combined $44.7 million to customers. The refund was recorded as a regulatory liability as of March 31, 2015 and NSTAR Electric recognized a $21.7 million pre-tax benefit in the first quarter of 2015. For further information, see Note 8D, "Commitments and Contingencies – 2014 Comprehensive Settlement Agreement." On January 7, 2015, the DPU issued an order concluding that NSTAR Electric had appropriately accounted for the removal of supply-related bad debt costs from base distribution rates effective January 1, 2006. The DPU ordered NSTAR Electric and the Massachusetts Attorney General to collaborate on the reconciliation of energy-related bad debt costs through 2014. During the second quarter of 2015, NSTAR Electric expects to file with the DPU to recover from customers approximately $43 million of supply-related bad debt costs. In the first quarter of 2015, as a result of the DPU order, NSTAR Electric increased its regulatory assets and reduced Operations and Maintenance expense by $24.2 million, resulting in an increase in after-tax earnings of $14.5 million. For further information, see Note 8E, "Commitments and Contingencies – Basic Service Bad Debt Adder." | |
CY2015Q1 | us-gaap |
Public Utilities Property Plant And Equipment Distribution
PublicUtilitiesPropertyPlantAndEquipmentDistribution
|
12539300000 | USD |
CY2015Q1 | es |
Public Utilities Property Plant And Equipment Distribution Natural Gas
PublicUtilitiesPropertyPlantAndEquipmentDistributionNaturalGas
|
2584800000 | USD |
CY2015Q1 | us-gaap |
Public Utilities Property Plant And Equipment Transmission
PublicUtilitiesPropertyPlantAndEquipmentTransmission
|
6959400000 | USD |
CY2015Q1 | us-gaap |
Public Utilities Property Plant And Equipment Generation Or Processing
PublicUtilitiesPropertyPlantAndEquipmentGenerationOrProcessing
|
1172200000 | USD |
CY2015Q1 | es |
Public Utilities Property Plant And Equipment Electric And Natural Gas Utility Total
PublicUtilitiesPropertyPlantAndEquipmentElectricAndNaturalGasUtilityTotal
|
23255700000 | USD |
CY2015Q1 | us-gaap |
Public Utilities Property Plant And Equipment Other Property Plant And Equipment
PublicUtilitiesPropertyPlantAndEquipmentOtherPropertyPlantAndEquipment
|
547900000 | USD |
CY2015Q1 | us-gaap |
Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
|
23803600000 | USD |
CY2015Q1 | es |
Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
|
5842600000 | USD |
CY2015Q1 | es |
Other Accumulated Depreciation
OtherAccumulatedDepreciation
|
232300000 | USD |
CY2015Q1 | us-gaap |
Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
|
6074900000 | USD |
CY2015Q1 | es |
Property Plant And Equipment Net Excluding Construction Work In Progress
PropertyPlantAndEquipmentNetExcludingConstructionWorkInProgress
|
17728700000 | USD |
CY2015Q1 | us-gaap |
Public Utilities Property Plant And Equipment Construction Work In Progress
PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress
|
1082000000 | USD |
CY2014Q4 | es |
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 | es |
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 | es |
Electric And Natural Gas Utility Accumulated Depreciation
ElectricAndNaturalGasUtilityAccumulatedDepreciation
|
5777800000 | USD |
CY2014Q4 | es |
Other Accumulated Depreciation
OtherAccumulatedDepreciation
|
231800000 | USD |
CY2014Q4 | us-gaap |
Public Utilities Property Plant And Equipment Accumulated Depreciation
PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation
|
6009600000 | USD |
CY2014Q4 | es |
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 |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
59900000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
83300000 | USD |
CY2015Q1 | es |
Derivative Instruments Gain Loss Recognized In Regulatory Asset Liability
DerivativeInstrumentsGainLossRecognizedInRegulatoryAssetLiability
|
-16600000 | USD |
CY2014Q1 | es |
Derivative Instruments Gain Loss Recognized In Regulatory Asset Liability
DerivativeInstrumentsGainLossRecognizedInRegulatoryAssetLiability
|
54100000 | USD |
CY2014Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
10000000 | USD |
CY2014Q4 | us-gaap |
Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
|
10000000 | USD |
CY2015Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
3000000 | USD |
CY2015Q1 | us-gaap |
Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
|
3000000 | USD |
CY2014Q1 | es |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
|
49200000 | USD |
CY2014Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
21700000 | USD |
CY2014Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
564300000 | USD |
CY2015Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
406800000 | USD |
CY2014Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
415400000 | USD |
CY2015Q1 | es |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Included In Reg Asset Liability
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedInRegAssetLiability
|
-12100000 | USD |
CY2015Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
20700000 | USD |
CY2015Q1 | us-gaap |
Trading Securities Equity
TradingSecuritiesEquity
|
86700000 | USD |
CY2014Q4 | us-gaap |
Trading Securities Equity
TradingSecuritiesEquity
|
85100000 | USD |
CY2015Q1 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
1600000 | USD |
CY2014 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
700000 | USD |
CY2015Q1 | us-gaap |
Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
|
458300000 | USD |
CY2014Q4 | us-gaap |
Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
|
450800000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
61600000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
|
113400000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
59900000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
83800000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
63500000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
119100000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
326300000 | USD |
CY2014 | es |
Environmental Site Quantity
EnvironmentalSiteQuantity
|
65 | pure |
CY2015Q1 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
43600000 | USD |
CY2015Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
318200000 | USD |
CY2015Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
649500000 | USD |
CY2014Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
639200000 | USD |
CY2015Q1 | us-gaap |
Line Of Credit Facility Description
LineOfCreditFacilityDescription
|
Credit Agreements and Commercial Paper Programs: ES parent, CL&P, PSNH, WMECO, NSTAR Gas and Yankee Gas are parties to a five-year $1.45 billion revolving credit facility that expires September 6, 2019. The revolving credit facility is used primarily to backstop ES parent's $1.45 billion commercial paper program. The commercial paper program allows ES parent to issue commercial paper as a form of short-term debt. As of March 31, 2015 and December 31, 2014, ES parent had $788 million and approximately $1.1 billion, respectively, in short-term borrowings outstanding under the ES parent commercial paper program, leaving $662 million and $348.9 million of available borrowing capacity as of March 31, 2015 and December 31, 2014, respectively. The weighted-average interest rate on these borrowings as of March 31, 2015 and December 31, 2014 was 0.53 percent and 0.43 percent, respectively, which is generally based on A2/P2 rated commercial paper. As of March 31, 2015, there were intercompany loans from ES parent of $190.1 million to CL&P, $82 million to PSNH and $70.5 million to WMECO. As of December 31, 2014, there were intercompany loans from ES parent of $133.4 million to CL&P, $90.5 million to PSNH and $21.4 million to WMECO. NSTAR Electric has a five-year $450 million revolving credit facility that expires September 6, 2019. This facility serves to backstop NSTAR Electric's existing $450 million commercial paper program. As of March 31, 2015 and December 31, 2014, NSTAR Electric had $215.5 million and $302 million, respectively, in short-term borrowings outstanding under its commercial paper program, leaving $234.5 million and $148 million of available borrowing capacity as of March 31, 2015 and December 31, 2014, respectively. The weighted-average interest rate on these borrowings as of March 31, 2015 and December 31, 2014 was 0.35 percent and 0.27 percent, respectively, which is generally based on A2/P1 rated commercial paper. | |
CY2015Q1 | us-gaap |
Long Term Debt Description
LongTermDebtDescription
|
Long-Term Debt: On January 15, 2015, ES 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 ES parent 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. On April 1, 2015, CL&P repaid at maturity the $100 million 5.00 percent 2005 Series A First and Refunding Mortgage Bonds using short-term borrowings. On April 1, 2015, CL&P also redeemed the $62 million 1996A Series 1.55 percent PCRBs that were subject to mandatory tender, using short term borrowings. Long-Term Debt Issuance Authorization: On April 3, 2015, the DPU authorized NSTAR Gas to issue up to $100 million in long-term debt for the period through December 31, 2015. | |
CY2015Q1 | es |
Amount That Represents Deferred Regulatory Assets
AmountThatRepresentsDeferredRegulatoryAssets
|
1000000 | USD |
CY2014Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
43300000 | USD |
CY2015Q1 | es |
Environmental Site Quantity
EnvironmentalSiteQuantity
|
65 | pure |
CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
200000 | USD |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
100000 | USD |
CY2015Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-1500000 | USD |
CY2014Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-1500000 | USD |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-46000000 | USD |
CY2014Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-44300000 | USD |
CY2015Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
5 | |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
333359172 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
333607844 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
380000000 | shares |
CY2015Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
16138845 | shares |
CY2014Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
16375835 | shares |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
5 | |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
380000000 | shares |
CY2015Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
317468999 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
316983337 | shares |
CY2015Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2015Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2015Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2015Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1400347 | shares |
CY2014Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
1357607 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
317090841 | shares |
CY2015Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
318491188 | shares |
CY2014Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
315534512 | shares |
CY2014Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
316892119 | shares |
CY2015Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2014Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2015Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.80 | |
CY2014Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.75 | |
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.74 | |
CY2015Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.80 | |
CY2015Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Eversource Energy | |
CY2015Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2015Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-03-31 | |
CY2015Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000072741 | |
CY2015Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2015Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
317647540 | shares |
CY2015Q1 | dei |
Entity Public Float
EntityPublicFloat
|
14947688864 | USD |
CY2015Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2015Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | |
CY2015Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2015Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 |