Exhibit 99
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
(in millions)
Three months ended March 31, | |||||||
2003 | 2002 | ||||||
Operating revenues | $ | 763.5 | $ | 705.2 | |||
Operating expenses: | |||||||
Purchased power, cost of gas and |
|
| |||||
Operations and maintenance | 109.9 | 106.3 | |||||
Depreciation and amortization | 62.1 | 60.6 | |||||
Taxes | 54.9 | 49.5 | |||||
Total operating expenses | 678.0 | 628.5 | |||||
Operating income | 85.5 | 76.7 | |||||
Other income (expense): | |||||||
Interest charges | (43.1 | ) | (43.4 | ) | |||
Other income, net | 0.4 | 1.5 | |||||
Net income | 42.8 | 34.8 | |||||
Preferred dividends of subsidiary | 0.5 | 0.5 | |||||
Earnings available for common shareholders | $ | 42.3 | $ | 34.3 |
NSTAR
Condensed Consolidated Balance Sheets
(Unaudited | ) | |||||
(in millions) | March 31, | December 31, | ||||
2003 | 2002 | |||||
Assets |
| |||||
Property, plant and equipment, net |
| $ | 2,996.7 | $ | 2,977.6 | |
Investments | 74.7 | 52.2 | ||||
Current assets | 501.2 | 506.6 | ||||
Regulatory assets and goodwill | 2,363.9 | 2,453.3 | ||||
Other deferred debits | 93.8 | 133.6 | ||||
Total assets | | $ | 6,030.3 | $ | 6,123.3 | |
Capitalization and Liabilities | ||||||
Common equity |
| $ | 1,315.7 | $ | 1,299.3 | |
Long-term debt and preferred stock | 2,247.9 | 2,134.4 | ||||
Current liabilities | 791.5 | 886.1 | ||||
Deferred taxes and unamortized investment tax credits | 678.8 | 675.9 | ||||
Other deferred credits | 996.4 | 1,127.6 | ||||
Total capitalization and liabilities | | $ | 6,030.3 | $ | 6,123.3 |
NSTAR
Energy Sales – Three Month Periods Ended March 31,
Retail Electric Sales – gWh
% | ||||||||
2003 | 2002 | Change | ||||||
Residential | 1,765 | 1,530 | 15.4 | % | ||||
Commercial | 3,017 | 2,788 | 8.2 | % | ||||
Industrial and other | 475 | 503 | (5.6) | % | ||||
Total | 5,257 | 4,821 | 9.0 | % |
Firm Gas Sales and Transportation - -- BBTU
% | ||||||||
2003 | 2002 | Change | ||||||
Residential | 11,640 | 9,213 | 26.3 | % | ||||
Commercial | 7,167 | 6,035 | 18.8 | % | ||||
Industrial and other | 3,412 | 2,124 | 60.6 | % | ||||
Total | 22,219 | 17,372 | 27.9 | % |