NSTAR ELECTRIC CO

For the period ended Jun 30, 2024. Filed Aug 2, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 2, 2024

ES$69.62+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Statements of Income

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
(Thousands of Dollars)	2024	2023	2024	2023
Operating Revenues	$964,623	$1,034,148	$2,085,914	$2,373,054
Operating Expenses:
Purchased Power and Transmission	480,426	626,411	1,046,423	1,476,976
Operations and Maintenance	197,445	166,566	384,209	326,882
Depreciation	100,411	93,652	198,856	185,889
Amortization of Regulatory Liabilities, Net	(155,031)	(189,922)	(246,744)	(312,236)
Energy Efficiency Programs	31,540	28,137	67,140	60,783
Taxes Other Than Income Taxes	96,393	94,602	200,193	196,184
Total Operating Expenses	751,184	819,446	1,650,077	1,934,478
Operating Income	213,439	214,702	435,837	438,576
Interest Expense	61,894	47,771	116,718	92,972
Other Income, Net	22,977	13,362	39,445	28,299
Income Before Income Tax Expense	174,522	180,293	358,564	373,903
Income Tax Expense	42,921	46,993	88,610	92,187
Net Income	$131,601	$133,300	$269,954	$281,716

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

	For the Three Months Ended June 30,		For the Six Months Ended June 30,
(Thousands of Dollars)	2024	2023	2024	2023
Net Income	$131,601	$133,300	$269,954	$281,716
Other Comprehensive (Loss)/Income, Net of Tax:
Qualified Cash Flow Hedging Instruments	(6)	(7)	(13)	(14)
Changes in Unrealized Gains on Marketable Securities	—	—	—	43
Other Comprehensive (Loss)/Income, Net of Tax	(6)	(7)	(13)	29
Comprehensive Income	$131,595	$133,293	$269,941	$281,745

CONDENSED STATEMENTS OF COMMON STOCKHOLDER'S EQUITY

	For the Six Months Ended June 30, 2024
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · AccumulatedOtherComprehensiveIncome · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2024	6,035,205	$60,352		$3,384,265		$2,645,868		$185	$6,090,670
Net Income				138,353			138,353
Dividends on Preferred Stock				(1,390)			(1,390)
Dividends on Common Stock				(82,500)			(82,500)
Capital Contributions from Eversource Parent			100,000				100,000
Other Comprehensive Loss					(7)		(7)
Balance as of March 31, 2024	6,035,205	60,352		3,484,265		2,700,331		178	6,245,126
Net Income				131,601			131,601
Dividends on Preferred Stock				(1,390)			(1,390)
Capital Contributions from Eversource Parent			100,000				100,000
Other Comprehensive Loss					(6)		(6)
Balance as of June 30, 2024	6,035,205	$60,352		$3,584,265		$2,830,542		$172	$6,475,331

	For the Six Months Ended June 30, 2023
Common Stock · CapitalSurplus,Paid In · RetainedEarnings · AccumulatedOtherComprehensiveIncome · TotalCommonStockholder'sEquity
(Thousands of Dollars, Except Stock Information) · Stock · Amount
Balance as of January 1, 2023	6,035,205	$60,352	$3,260,765		$2,463,094		$169	$5,784,380
Net Income			148,416			148,416
Dividends on Preferred Stock			(1,390)			(1,390)
Dividends on Common Stock			(82,600)			(82,600)
Other Comprehensive Income				36		36
Balance as of March 31, 2023	6,035,205	60,352	3,260,765		2,527,520		205	5,848,842
Net Income			133,300			133,300
Dividends on Preferred Stock			(1,390)			(1,390)
Dividends on Common Stock			(82,600)			(82,600)
Other Comprehensive Loss				(7)		(7)
Balance as of June 30, 2023	6,035,205	$60,352	$3,260,765		$2,576,830		$198	$5,898,145

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.