Exhibit 99.2
NSTAR
Condensed Consolidated Statements of Income (Unaudited)
Three Months Ended | |||||||
(in millions) | June 30, | ||||||
2004 | 2003 | ||||||
Operating revenues | $ | 649.8 | $ | 647.0 | |||
Operating expenses: | |||||||
Purchased power, cost of gas and demand | |||||||
side management | 362.3 | 364.7 | |||||
Operations and maintenance | 103.2 | 105.0 | |||||
Depreciation and amortization | 61.1 | 57.4 | |||||
Taxes | 49.8 | 46.6 | |||||
Total operating expenses | 576.4 | 573.7 | |||||
Operating income | 73.4 | 73.3 | |||||
Other income (expense): | |||||||
Interest charges | (38.3 | ) | (39.6 | ) | |||
Other income, net | 2.9 | 6.0 | |||||
Preferred dividends of subsidiary | 0.5 | 0.5 | |||||
Net income | $ | 37.5 | $ | 39.2 | |||
NSTAR
Condensed Consolidated Balance Sheets (Unaudited)
(in millions) | June 30, |
| December 31, | |||
2004 |
| 2003 | ||||
Assets |
| |||||
Property, plant and equipment, net | $ | 3,459.6 |
| $ | 3,376.7 | |
Investments | 72.2 |
| 68.9 | |||
Current assets | 532.6 |
| 501.0 | |||
Regulatory assets and goodwill | 2,190.5 |
| 2,294.2 | |||
Other deferred debits | 79.1 |
| 79.9 | |||
Total assets | $ | 6,334.0 |
| $ | 6,320.7 | |
| ||||||
| ||||||
Capitalization and Liabilities |
| |||||
Common equity | $ | 1,388.2 |
| $ | 1,361.6 | |
Long-term debt and preferred stock | 2,286.8 |
| 2,025.5 | |||
Current liabilities | 732.0 |
| 939.9 | |||
Deferred taxes and unamortized investment tax credits | 785.2 |
| 765.5 | |||
Regulatory liability - cost of removal | 255.3 | 223.1 | ||||
Other deferred credits | 886.5 |
| 1,005.1 | |||
Total capitalization and liabilities | $ | 6,334.0 |
| $ | 6,320.7 | |
|
NSTAR
Energy Sales - Three Month Periods Ended June 30,
Retail Electric Sales - gWh
% | |||||||
2004 | 2003 | Change | |||||
Residential | 1,480 | 1,396 | 6.0 | % | |||
Commercial | 3,098 | 2,923 | 6.0 | % | |||
Industrial and other | 457 | 448 | 2.0 | % | |||
Total | 5,035 | 4,767 | 5.6 | % | |||
Firm Gas Sales and Transportation - BBTU
% | |||||||
2004 | 2003 | Change | |||||
Residential | 2,441 | 3,422 | (28.7 | )% | |||
Commercial | 2,448 | 2,985 | (18.0 | )% | |||
Industrial and other | 2,002 | 1,845 | 8.5 | % | |||
Total | 6,891 | 8,252 | (16.5 | )% | |||