Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
(in millions) | Three Months Ended |
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September 30, |
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| 2003 | | 2002 | ||||
Operating revenues | $ 817.8 | $ 743.3 | |||||
Operating expenses: | |||||||
Purchased power, cost of gas and |
|
| |||||
Operations and maintenance | 122.5 | 108.1 | |||||
Depreciation and amortization | 56.7 | 56.5 | |||||
Taxes | 67.4 | 68.0 | |||||
Total operating expenses | 714.6 | 626.2 | |||||
Operating income | 103.2 | 117.1 | |||||
Other income (expense): | |||||||
Other income, net | 1.1 | 3.3 | |||||
Interest charges | (40.1 | ) | (46.7 | ) | |||
Net income | 64.2 | 73.7 | |||||
Preferred dividends of subsidiary | 0.5 | 0.5 | |||||
Earnings available for common shareholders | $ 63.7 | $ 73.2 |
NSTAR
Condensed Consolidated Balance Sheets
(in millions) | (Unaudited | ) | |||||
September 30, | December 31, | ||||||
2003 | 2002 | ||||||
Assets | |||||||
Property, plant and equipment, net | $ 3,092.2 | $ 2,977.6 | |||||
Investments | 84.3 | 70.3 | |||||
Current assets | 506.5 | 506.6 | |||||
Regulatory assets and goodwill | 2,316.3 | 2,453.3 | |||||
Other deferred debits | 92.2 | 96.5 | |||||
Total assets | $ 6,091.5 | $ 6,104.3 | |||||
Capitalization and Liabilities | |||||||
Common equity | $ 1,368.7 | $ 1,299.3 | |||||
Long-term debt and preferred stock | 2,209.6 | 2,134.4 | |||||
Current liabilities | 808.0 | 886.1 | |||||
Deferred taxes and unamortized |
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| |||||
Other deferred credits | 1,019.6 | 1,108.6 | |||||
Total capitalization and liabilities | $ 6,091.5 | $ 6,104.3 |